"Blockchain Will Soon Be Widely Used In Vietnam" affirmed FPT's CTO

On June 17, Mr. Vu Anh Tu - CTO of FPT Corporation - participated in the "Blockchain is not simply a cryptocurrency" session at CTO Summit 2022 Forum - Positioning Vietnamese blockchain. Mr. Vu Anh Tu was also a judge of the Young Technology Leader List under the framework of the Forum.

At the beginning of his speech, Mr. Vu Anh Tu emphasized that blockchain technology has opened up numerous practical opportunities, creating a wave of startups and innovation domestically and abroad. With the definition of a decentralized data storage and management mechanism that ensures information integrity, blockchain can be applied in diverse contexts. Cryptocurrency may be the most popular but not the only one.

"Blockchain, with its disruptive influence, will create a tech tsunami covering all industries from traditional to the latest. As one of the countries that have taken early steps, Vietnam will gain achievements in the blockchain field," said FPT's CTO.

FPT's CTO affirmed that blockchain would soon be widely applied in Vietnam

Mr. Vu Anh Tu, FPT's CTO at the event

With its potential opportunities in many fields, blockchain is gradually becoming a core technology in Vietnam when integrated into key industries such as digital government, logistics, retail, fintech, healthcare, agriculture, and entertainment. According to Chainalysis, Vietnam has the highest blockchain application adoption index in the world, five times higher than the US. Moreover, in 2020, blockchain was one of the technologies on the government's priority list of research and development for the 4th Industrial Revolution.

In Vietnam, FPT's CTO believed blockchain had four major practical applications. The first was supply chain management. For example, when we visit a restaurant for a meal, blockchain can help control the input ingredients. The second was insurance and healthcare. Blockchain adoption would allow health information systems to work together within and across organizational boundaries to promote efficient healthcare delivery to individuals and the community. The third was real estate investment. Nowadays, some companies divide properties into tokens so that anyone with little money can invest. And the last was electronic identification. Blockchain was the best platform for it.

"I believe with the government's promotion, e-identification will soon be widespread," emphasized Mr. Tu.

Blockchain has been utilized for many products, services, and solutions of the Made-by-FPT ecosystem. FPT's ultimate goal was to develop products and platforms that are open, reliable, flexible, secure, and highly applicable in all fields, bringing sustainable value to customers around the world.

"FPT is one of Vietnam's earliest blockchain research and implementation companies. We have blockchain experts for domestic and foreign customers. Our blockchain products, services, and solutions have supported large enterprises in manufacturing and finance", Mr. Vu Anh Tu affirmed.

In the CTO Summit 2022, Mr. Le Minh Quan (1987) - Technology Director of akaMES under FPT Software - was praised as one of the top 10 young technology leaders in 2022 by VnExpress. akaMES was an ecosystem of manufacturing management apps, monitoring all-in-one processes from raw materials to works in progress to the finished products and sales.

FPT's CTO affirmed that blockchain would soon be widely applied in Vietnam

Mr. Le Minh Quan (1987) - Technology Director of akaMES under FPT Software - was praised as one of the top 10 young technology leaders in 2022 by VnExpress

During his career at FPT Corporation as a senior technology officer, Mr. Le Minh Quan left remarkably personal imprints in the technology field. He led large digital transformation projects in the US and Europe. He also played a significant role in implementing digital transformation for Airbus, laying down the premise for the establishment of Skywise Platform ODC in Vietnam.

Previously, in the ceremony to honor the top 10 young technology leaders in 2021, CTO Summit also named Mr. Cao Van Viet - Director of FPT Education for the Future (EDN).

The thematic session of Mr. Vu Anh Tu and the achievements of FPT's tech leaders at the Forum once again affirmed our technological capabilities. Furthermore, they demonstrated the practical impacts of our Made-by-FPT ecosystem on the government, businesses, and society in the digital transformation journey. We made great efforts to increase productivity, save costs, enhance customer experience and optimize resources to overcome challenges. In 2022 and the following years, the Made-by-FPT technology ecosystem will continue to be vigorously developed based on trend-leading technologies such as AI, Cloud, Big Data, Blockchain, and Hyper Automation.