What blockchain startups need to do to not 'soon to bloom'

 New blockchain projects need to be consulted, led by experienced units who know how 

DTS Chairman also said that most of the investment funds for blockchain startups at present are international funds. Vietnam's investment funds are not yet ready to invest in this sector.

Information from the Vietnam Software and Information Technology Services Association (Vinasa) said that Vietnam is considered one of the five most attractive economies in the world in terms of providing software export services. DTS expert said that with the third position in the world, only after China and India in software export, Vietnam has a huge amount of human resources in information technology. Along with a young workforce, Vietnam will have easier access to blockchain

However, on the downside, Mr. Bao said that these startups are built mainly on a technical foundation, so they will encounter many business and operation gaps, etc. "Blockchain projects under the age of 5 have The premature death rate is much higher than that of other startups.The "early bloom, late night" of startups will lose confidence for investors, "said Mr. Bao.

The DTS President also pointed out that in 2021, the growth of many indicators on the blockchain map including: projects, participants, number of supporting units, etc. are very favorable conditions for Vietnam to be bright. create more new products in the future.

Talking more about the opportunity for Vietnamese blockchain, Mr. Bao said: "I see the international community starting a campaign to digitize entertainment products globally. Famous players and singers also participate in the production of NFTs. With the creation of plural assets from advertising clips, music videos, and a large art and design team, I believe that Vietnam has a complete basis to deploy this product... Especially In particular, the entertainment industry, Vietnamese artists have great influence, so we can seize this opportunity."

According to Mr. Bao, to be successful, startups need an experienced organization to lead in financial support, operation, and risk management to help businesses survive for a long time. Under the auspices of the Vietnam E-commerce Association (VECOM), DTS and the Dubai investment fund also recently co-founded and invested in BIC - a startup incubator model for startups in the field. technology in Vietnam.
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