EMTEK and BLOCKCHAIN

EMTEK and BLOCKCHAIN

The blockchain industry in Vietnam is on the rise, and EMTEK‘s entry is a positive sign for innovation and creativity in this field. Along with opportunities, there are challenges that both the industry and businesses must face to shape the future of this technology in Vietnam.

Blockchain in Vietnam: Potential and Development Journey

Vietnam, with its ability to quickly adopt new technologies, has immediately become a standout on the global blockchain market. Vietnam not only ranks in the top 10 countries with high acceptance and interest in Blockchain but also has more than 10 out of the world’s top 200 Blockchain companies. This is evidence of the agility and enthusiasm in adopting new technologies.

The Vietnamese government has consistently supported the development of Blockchain domestically. Decisions 2117/QD-TTg and 942/QD-TTg, led by the State Bank, aim to create favorable conditions for innovation and experimentation of Blockchain projects. Government policies also focus on encouraging innovative startups, with special emphasis on new technologies such as AI, Blockchain, VR/AR/XR.

Vietnam is not only a domestic market but also plays a crucial role in the global blockchain market. Vietnamese enterprises and experts increasingly contribute to the innovation and development of this technology worldwide. The Blockchain Vietnam Conference has provided an opportunity for Vietnam to discuss and learn from leading countries in the Blockchain field, such as the UAE, Singapore, Malaysia, the United States, and South Korea.

Blockchain technology plays a crucial role in creating Digital Twins, especially in the era of digital transformation. Blockchain provides favorable conditions such as anti-counterfeiting, transparency, and decentralization for the development of Digital Twins. In the future, as Blockchain becomes the economic and digital infrastructure of central banks’ digital currencies (CBDC), Vietnam can play a significant role in legal currency trading between countries.

The global Blockchain market had an impressive valuation in 2021 and is expected to grow rapidly, reaching $163.83 billion by 2029. Blockchain has created new business models and breakthroughs in many industries.

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EMTEK Automation and its Connection to Blockchain

EMTEK Automation, as a company specializing in providing products and services related to Automation and Artificial Intelligence (AI), plays a crucial role in the development of Vietnamese businesses in the digital transformation process. EMTEK’s entry into the blockchain market carries many positive meanings and strategies.

One of the most important points is the diversification of EMTEK’s services and products. By integrating blockchain technology into its service portfolio, EMTEK expands its application scope, creating a diverse and integrated industrial ecosystem. Blockchain is not only a novel technology but also brings many solutions in areas such as supply chain management, finance, healthcare, and many other fields.

Entering the blockchain market also means that EMTEK supports businesses in a more efficient digital transformation process. Integrating blockchain helps businesses apply this technology efficiently, enhancing transparency and safety in information management.

Furthermore, EMTEK’s entry into the blockchain market creates a platform for collaboration and development. By collaborating with other blockchain businesses, EMTEK can create innovative solutions, co-innovate, and bring significant benefits to both the industry and customers.

Additionally, the application of blockchain technology helps EMTEK address some current challenges in information management, security, and availability. This simultaneously helps Vietnamese businesses overcome these challenges and optimize their business processes.

Ultimately, the shift into the blockchain field also promotes innovation and research development in this area. This not only enhances EMTEK’s credibility but also elevates Vietnam’s position in the global business community. In summary, EMTEK’s entry into the blockchain market brings many opportunities and positive meanings, contributing to the sustainable development of Vietnamese businesses and the business community in the digital transformation journey.

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