From 29 August to 30 August 2019, the two-day Hanoi Innovation Summit 2019 was held at the Hanoi National Convention Center in Hanoi, Vietnam.
In recent years, the Vietnamese government has been actively keeping in touch with Blockchain technology, which has rendered Vietnam a good environment to develop Blockchain technology and applications, and thus Vietnam gained an opportunity to become one of the Blockchain Innovation Centers in Southeast Asia in the coming years. The summit, sponsored by Vietnam’s Ministry of Planning and Investment, and co-sponsored by SCHOOLAB, STARTUP SESAME, had one topic of Emerging Economies and focused on six themes of “Consumer Technology, Environment, Life Sciences, Smart Cities, Job Opportunities and Logistics”, with nearly 3,000 entrepreneurs, investors, industry scholars from all over the world sharing professional insights in relevant fields.
BitCherry, a distributed e-commerce network project and also the only Blockchain e-commerce project invited to the summit, had its representatives of the Vietnamese community and its opinion leaders attended the convention. On site, BitCherry Vietnamese community representatives shared BitCherry’s distributed technology features and the concept of building eco-community, detailing “how BitCherry is reducing marginal costs and creating new business models in the e-commerce market facing economic downturn and giant monopolies.” During the sharing meeting, many participants agreed with BitCherry’s concept of distributed technology, saying that the participation of BitCherry would greatly facilitate the landing of Blockchain applications in Vietnam business.
“Blockchain technology is growing rapidly in the distributed digital economy boom, and the Blockchain market in Vietnam is being valued by more and more practitioners,” said Paul, founder and CEO of BitCherry. BitCherry will continue to develop the Vietnamese market, make a strategic layout, and actively build the Vietnamese community while exploring the Vietnamese market. BitCherry will also create a credit-consensus based ultra-ecosystem by building a transparent, credible and tamper-neutral distributed network platform, combine Blockchain distributed technology with distributed ecology, and truly empower the real industry to create more value for Vietnam’s economic market. “
Blockchain is a technology that can change the production relationship, and a need for better grasp of Blockchain technology has already been the consensus of many capital institutions around the world. At present, more than half of Blockchain projects and developers in Vietnam are still at the primary level, while the Vietnamese market urgently needs for more high-quality Blockchain companies and developers to join. BitCherry, a distributed e-commerce network project, said it will use its clearer and more completed information to connect with quality media, institutions and communities, to better contact with Vietnamese users, and to actively build the Vietnamese eco-community and support Vietnam’s economic development. During the summit, many practitioners shared views to capture new commercial trends in current economic circumstance and to seek for new economic breakthrough points for the Vietnamese market.
Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.
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