Blockchain facilitation to stimulate integration

On Nov 24, Tony Lai, Co-chairman of CodeX Standford Blockchain Group (the United States), chaired a session on Blockchain development encouraging Asian integration within the Horasis Asia Binh Duong 2019.

 Delegates discuss Blockchain development to encourage Asian integration

Blockchain is a database containing information, used to store information in blocks that are linked together and managed by everyone participating in the system instead of a separate third party, like State or Central Bank; at the same time, it allows secure transmission of data by a complex encryption system and is expanded over time.

According to experts, Blockchain are now changing people's activities and the way businesses operate. This affirmation once again dispels the reservations of Asian countries, arguing that Blockchain technology only serves Bitcoin virtual currency.

The seminar brought together the latest trends of Blockchain technology and raised the question of how Blockchain promotes Asian integration. In Vietnam, Blockchain technology is applied quite strongly and is most used in payment, traceability, personal information management, and has got high efficiency.

Reported by Tieu My, Dinh Hau - Translated by Ngoc Huynh