Vietnam Blockchain Technology Market Expected To Reach 2.5 Billion USD By 2026

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CategoryBlockchain

According to the latest study by Grand View Research, the Blockchain market size is expected to grow at a compound annual growth rate of 85.9% in the period 2022 – 2030.

According to a report by MarketsandMarkets, the technology market in Vietnam could reach $2.5 billion by 2026, a fivefold increase in size compared to the previous five years in 2021.

Defi and Gamefi were two popular trends in previous years. However, at the beginning of 2022, the market gradually turned strongly to the field of Blockchain application research. For example, product traceability in agriculture, supply chain management, or applications to manage to share of medical records between different medical organizations.

Vietnam Blockchain Technology Market Expected To Reach 2.5 Billion USD By 2026

 Vietnam Software and IT Services Association (VINASA) | Image Source: Internet

This move has many positive connotations, showing that Blockchain is becoming more and more popular. Theories about the benefits that this technology brings are gradually being realized through each project.

In Vietnam, many influential events in the field of Blockchain are held and received well by the community, from individuals who are passionate about technology to businesses and organizations.

The Blockchain community in Vietnam will continue to witness one of the biggest events of the year about this technology, the Vietnam Blockchain Summit.

The event is organized by Vietnam Software and IT Services Association (VINASA) and Vietnam Blockchain Association (Vietnam Blockchain Association). The event is expected to attract more than 1000 delegates, of which nearly 150 international delegates from 30 different economies, as well as more than 30 influential speakers, who have a lot of real-life experience in project construction from UAE; Singapore; Malaysia; America; Korea.

The organizers have invited large organizations such as FTX, OKChain, DFG, BNBChain, NEAR, FioProtocol, PT, Kyber Network, Sky Mavis, Kardiachain, LaunchZone, etc. to share their construction experience and development orientation in human resource development.

Vietnam Blockchain Technology Market Expected To Reach 2.5 Billion USD By 2026

Vietnam Blockchain Summit 2022 | Image Source: Internet

Large corporations will give us a more detailed look at the approach and details of the research and implementation process of Blockchain projects. As well as a better explanation of the importance and value Blockchain can bring to the economic market in the future.

The main topic of the Vietnam Blockchain Summit 2022 is still focusing on discussing the orientation of training human resources with knowledge, professional skills, and methods to build the right awareness about Blockchain in the community.

This is also one of the opportunities for experts and programmers to access development, integration, and even some blockchain technology development training programs and workshops for programmers such as: NEAR, OKChain, Polkadot…

Because Blockchain is one of the prioritized technologies for research, development, and application in the 4th industrial revolution, the event also attracts attention from leaders at all levels. Some pilot projects are chaired and implemented by high-ranking organizations in our country, such as:

The project of researching, building, and piloting virtual currency based on Blockchain technology for the period of 2021 - 2023 is chaired by the State Bank.

With efforts from individuals, businesses, and organizations to senior managers in blockchain technology projects, we are confident that Vietnam will appear on the world's high-tech map!