2020 May Witness A Growth In Blockchain And Crypto Startups In Vietnam

2020 May Witness A Growth In Blockchain And Crypto Startups In Vietnam

Blockchain News
February 3, 2020 Editor's Desk
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2020 is going to be the year of technological start-ups, and companies related to cryptocurrency, Big Data, AI, and other related fields are ready to take the stage. As common with the various countries in Asia, Vietnam is making a move towards universalizing discoveries in the field of AI, Blockchain, VRS, etc. with the beliefs
Vietnam Blockchain

2020 is going to be the year of technological start-ups, and companies related to cryptocurrency, Big Data, AI, and other related fields are ready to take the stage.

As common with the various countries in Asia, Vietnam is making a move towards universalizing discoveries in the field of AI, Blockchain, VRS, etc. with the beliefs of attaining economic growth.

In the past, Vietnam was supposed to be lagging when it came to AI, blockchain, and other related technologies. The shortage of human resources and a weak technological sector did not deter the country from developing a vibrant AI ecosystem.

Currently, the Vietnamese companies linked to blockchain technology are attempting to keep up with their international competitors by obtaining the necessary technical skills and remodeling ideas into innovative solutions.

Still though at the moment, the country’s various start-ups are concentrating on AI-related research, it’s only a matter of course that they get roused on blockchain and related fields.

Vietnamese companies such as Vietnamblockchain.asia and others have already begun to gain fame. Admittedly, the Vietnamese population isn’t all that excited about cryptocurrency, and the exchanging of Bitcoins is not permitted in many regions.

Nevertheless, it is just a matter of time before the government recognizes the value of cryptocurrency. India, another South-Asian country, had similar regulations about cryptocurrency. Lately, the Indian government has shown concern in developing its cryptocurrency.

Now, with the advancement in the technology sector of Vietnam, the cryptocurrency market would begin-up, giving a trading opportunity to various Vietnam-based traders.

The improvements in AI and other related fields would place Vietnam in the list of developed Asian countries, drawing attention to it from the foreign traders and investors as well.

This attention might drive to Vietnam opting for a cryptocurrency exchange system in its stock market, comparable to how Jamaica did it recently.

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