Ho Chi Minh City, June 24, 2019 – Vietnam Blockchain Corporation (VBC), belongs to Infinity Blockchain Labs, proud to receive the World Blockchain Award – Asia at World Blockchain Forum. The forum was organized in two days, 22-23 June 2019 in Singapore, attracting more than 4,000 visitors.
Mr. Do Van Long, Director of Vietnam Blockchain Corporation, (right side) received the award.
The award is the result of the evaluation and selection of the best units with innovative solutions to apply technology to serve daily life. With the desire to become a technology bridge to bring Vietnam to the world, Vietnam Blockchain Corporation sets a strategic vision to focus on developing blockchain technology solutions for key sectors such as Agriculture, Manufacturing, Supply Chain, Logistics, E-Commerce, Sharing Economy, Fintech, Public Services and Smart City. With this strategy, the company contributes to positively developing the economy, environment and society into the community. VBC’s relentless efforts are recognized at the World Blockchain Award – Asia at the World Blockchain Forum.
World Blockchain Forum brings together over 100 speakers around the world
Mr. Do Van Long, Director of Vietnam Blockchain Corporation and the Regional Chief Strategic Officer, Infinity Blockchain Labs, shared, “We are very proud to be a startup in Vietnam to be honored with the World Blockchain Award – Asia at the World Blockchain Forum. This is a testament to VBC’s practical application technology solutions and a comprehensive and sustainable development strategy to provide blockchain technology solutions useful for society & community.”
Mr. Do Van Long also shared about the potential of blockchain technology in the Agriculture sector through the solutions being implemented in Vietnam, which is the traceability of agricultural products according to the value chain called “Agridential”.
Mr. Do Van Long, Director of Vietnam Blockchain Corporation, shared about the Agridential agricultural traceability solution
“Agridential” is the GS1-compliant blockchain-based traceability solution that enables transparency in information and product quality which increases consumer confidence. Blockchain traceability helps consumers verify the quality of agricultural products and nearly eliminates fraud and risks in the supply chain. This enhances brand reputation and creates value for businesses in the local market. Information is distributed and scattered into multiple versions on a multi-server community that ensures privacy. The information is not centralized on a server, so phishing is almost impossible.
All information is recorded by individuals (gardeners, cooperatives, distributors …) in order to avoid the situation that one party manipulates all information. Since all information is recorded using blockchain technology, the information is immutable, meaning the information cannot be deleted, modified, or tampered with. GS1 is a globally recognized standard. Therefore, the application of GS1 standards in the traceability of blockchain technology applications makes verification easier when exporting to major markets and contributes to the increase of product value.
The Agridential solution has proven itself beyond technical tests with a successful use case with mango products in My Xuong Cooperative in Dong Thap. Each mango has been given a QR Code identification stamp using GS1 standard blockchain technology. Consumers can easily look up all the information of the mangoes from their origin such as fertilizing, spraying, and fruit bags, along with information on harvesting and distribution.
Besides My Xuong mango fruit, Agridential and its GS1 standard traceability are also behind other products in provinces within Vietnam. Other case studies include Biophap organic turmeric powder in Da Nang, Mayaca coffee in Da Nang, and Buoi Nam Roi in Ben Tre. VBC’s researchers are also working to pilot the blockchain traceability solution with other products around Vietnam.
Vietnam Blockchain Corporation – VBC Introduction
Vietnam Blockchain Corporation (VBC) is a technology company providing blockchain solutions and services in Agriculture, Manufacture, Supply Chain, Logistics, E-Commerce, Fintech, Sharing Economy, Public Services, and Smart City.
VBC aims to power Vietnam in becoming a Blockchain Country & Expert Hub.
VBC, formerly Vietnam Blockchain Country, is a subsidiary of Infinity Blockchain Labs (IBL)
Infinity Blockchain Labs – IBL Introduction
Infinity Blockchain Labs Co., Ltd. (IBL) is a company that researches and develops Blockchain technology with a commitment to promote social development with future technologies. With the leading position of the blockchain ecosystem in Vietnam and global market coverage, IBL aims to become an R&D unit that brings future technology into practical applications for existing businesses and daily life. Proud to be honored in the top 10 blockchain technology solution providers of 2018 by APAC CIO Outlook, more than 200 members at IBL aspire to make Vietnam a pioneer in researching and developing blockchain in the world.
Vietnam Blockchain Corporation – VBC
Address: 5th Floor, Flemington Building, 182 Le Dai Hanh, Ward 15, District 11, TP. HCM
Hotline: (+84) 0377 887 403
Representative: Mr. Do Van Long
Director – Vietnam Blockchain Corporation
Regional Chief Strategy Officer – Infinity Blockchain Labs