Blockchain platform akaChain launched

Friday, 2020-08-14 17:34:50
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At the launching ceremony
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NDO – The Ministry of Information and Communications held a launch ceremony in Hanoi on August 13 for the blockchain platform akaChain.

This is the make-in-Vietnam blockchain platform developed by FPT Group.

Speaking at the ceremony, Deputy Minister of Information and Communications Nguyen Thanh Hung said akaChain is able to support businesses in various industries to quickly establish a trading network and distribut applications via blockchain technology, as well as help businesses reduce time to perform important work-related duties.

In addition, it can automate the client identification process; record credit scores, evaluate potential risks in the payment system, decrease bad debt cases, record bonus points in customer loyalty programmes, and trace data origin, among others.

Deputy Minister Nguyen Thanh Hung hailed FPT for “advancing” into this new field, creating a blockchain platform to help Vietnamese businesses be ready to integrate in the digital economy in the future.

He also called on digital technology businesses to continue to invest in researching the new technologies of the Fourth Industrial Revolution, so that Vietnam can catch up with the latest development trends of the world, towards the completion of national digital transformation goals.