Mr. Truong Gia Binh: Metaverse will be the new world

 Vinasa Founder Board Chairman Truong Gia Binh assessed that the metaverse will become a new world, bringing a new type of Internet experience in the near future.

 all want to see the world in a different way. No one wants to be limited to the known or be separated because of geographical distance. So I believe the metaverse will be the new world," Mr. Binh said. at the Vietnam Blockchain Summit 2022 in the morning of October 19 in Hanoi.

Chairman of the Founding Council of Vinasa Truong Gia Binh. Photo: Tran Huan
Chairman of the Founding Council of Vinasa Truong Gia Binh. Photo: Tran Huan

The comments of the Chairman of the Founding Council of the Vietnam Software and Information Technology Association (Vinasa) are reinforced when many technology giants in the world like Meta are investing tens of billions of dollars in this technology. According to him, the maturation of the metaverse will create digital twins, a representation of a physical system in the real world in the digital world. To have a Digital Twin, the technology needed is blockchain.

"Blockchain has characteristics such as anti-counterfeiting, transparency, decentralization. These are extremely favorable conditions for the creation of Digital Twins in the era of comprehensive digital transformation," he said.

According to him, blockchain technology is creating breakthroughs in many industries. Taking the financial sector as an example, in 2021, the Ethereum platform has $6 trillion in transactions. While on traditional platforms like Paypal it is 1.250 billion USD, Visa is 13 trillion USD. Many countries such as UAE, Estonia, Luxembourg, Switzerland... have put blockchain into population management, electronic identity. He thinks that the world can save hundreds of billions of dollars or help reduce the number of deaths due to blockchain's anti-counterfeiting, transparent and decentralized characteristics, thereby reducing counterfeiting and counterfeiting of drugs. ..

From the importance of blockchain, Mr. Truong Gia Binh said that Vietnam needs to promote technology development further, invest in new technologies such as AI, Blockchain, Cloud, Data, incubate good experts in the field. blockchain, opening the space for people to be shown how to live in the new world.

At the event, Mr. Phan Duc Trung, Vice President of Vietnam Blockchain Association (VBA), said that blockchain has the ability to connect a group of entities and allow data to be synchronized between many independent stakeholders. . This is a big advantage over traditional databases, which only work on single entities. "Therefore, blockchain technology is opening up new applications in the global economy," Trung said.

Meanwhile, Mr. Vu Anh Tu, FPT's Chief Technology Officer, also said that Web 3.0 and the metaverse are changing the world. He shared about the early days of the Internet, people were excited to download music, use simple versions of entertainment applications... However, the current Internet world contains risks related to security and safety. full information. When web 3.0 appears, cyber security will be better guaranteed so that participants can transmit information faster and more safely in the digital world.

At a talk with Binance founder Changpeng Zhao in June, Truo

ng Gia Binh also said that humans can benefit from the metaverse in the next 5-7 years. He assessed that the metaverse virtual universe is still a new concept and does not have a clear definition, but there are two approaches. The first is like Meta, which provides users with an enhanced experience compared to current virtual or 2D world experiences, revolving around 3D, VR, and AR technologies. The second direction is to build open source, decentralized structures, such as Decentraland, Sandbox projects. “They are built on blockchain technology, creating a decentralized economy, using cryptocurrencies to run the virtual universe,” he said.

In the world, Meta is one of the strongest investment companies in the virtual universe. In 2021, Mark Zuckerberg's company said it had invested $ 10 billion to develop the technology. Recently, the company also announced the virtual reality device Meta Quest Pro, to realize the bringing of user experience into the metaverse.

In a share in early October, Apple CEO Tim Cook also said that AR will become an indispensable technology in the near future, like the Internet or smartphones today. However, he argues that "no one wants to live their whole life in the metaverse". This is also not a good way to communicate and people should only spend certain periods of time in that world.

eTradevn's booth was first launched at Vietnam Blockchain Summit 2022. This is the optimal platform for processing domestic letter of credit (L/C) transactions, developed by FPT.
eTradevn's booth was first launched at Vietnam Blockchain Summit 2022. This is the optimal platform for processing domestic letter of credit (L/C) transactions, developed by FPT.

Vietnam Blockchain Summit 2022 is an international event on blockchain technology in Vietnam, organized by Vinasa Association on October 19-20. The event attracted domestic and international experts to discuss in 20 sessions about blockchain. Parallel to the conference is an exhibition of blockchain-related solutions, with the participation of dozens of booths
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