Huge Blockchain Tech And A.I. Untapped In Vietnam

  • Specialists consider it’s the best time to advance the research, development, and application of blockchain technology in Vietnam
  • Vietnam has set off to pursue a ten-year plan to become a middle power in the AI field.

Blockchain Tech has been around. While Singapore has been the ‘poster child’ leading the region’s digital wave; Vietnam’s digital push has been much under the radar.

On top of the Vietnamese government’s digital-related initiatives; experts reckon the potential for blockchain and artificial intelligence (AI) development within the nation remains untapped.

Crypto-pawn platform DeFi For You’s CEO Adam Christopher Chaplin, on a recent talk show in Hanoi, stated that this was a perfect time to promote research, development, and application of blockchain technology in Vietnam. Chaplin has been a cryptocurrency expert and investor in blockchain application projects over the past seven years. He mentioned that blockchain would be an essential keyword in the technology world in the next two decades.

Overall, he reckons that the potential of blockchain and AI development in Vietnam remained untouched. Other experts at the event agreed that companies would soon facilitate blockchain and AI development in Vietnam. Thanks to digital transformation, advanced computing power, and the emergence of large data sets.

The traditionally agrarian nation has undergone a rapid transformation in just three years following decades in the digital wilderness. Vietnam has developed its first AI-driven educational robot. It was driven by “improvements to the digital identity, digital citizenship, and digital lifestyle component”.

Over the last few years, more organizations have started developing and applying AI in various fields to top it off. Including education, telecommunications, retail, healthcare, and others, which have not only gradually dominated the market but also earned huge profits.

Ten-year AI and Blockchain plan

huge blockchain tech

Vietnam has set off to pursue a ten-year plan to become a middle power in the AI field. The goal is extensive but modest: by 2025, the nation hopes AI is “an important technology of Viet Nam” and “among the top four countries in the ASEAN and in the group of 60 world’s leading countries in research, development, and application of AI”.

Come 2030; the nation hopes to be in the top four in ASEAN and top 50 globally. The plan calls for the establishment of two national AI innovation centers, ten research and training institutions, and for AI to be “widely used in public administration; online public services to help reduce processing time, human resources, reduce the waiting time and costs of the public.

Between 2025 and 2030, the plan calls for the development of three national innovation centers for AI; ten renowned AI centers in the region; three national centers for ample data storage and high-performance computing; connecting domestic data centers and high-performance computing centers to create a shared network for big data and computing for AI.

The Vietnamese government wants to deploy artificial intelligence to raise public sector productivity. As well as improve online public services to reduce processing and waiting times, public servant staff, and other related costs. Using A.I. to beef up national security is also high on the agenda.

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