Deputy Minister of Information and Communications Nguyen Thanh Hung speaks at the ceremony on launching akaChain blockchain platform in Ha Noi on Thursday. — Photo ictnews.com

The Ministry of Information and Communications debuted the akaChain blockchain platform, as part of a programme introducing “Make in Vietnam” digital platforms on Thursday.

The akaChain, developed by Viet Nam’s largest tech firm FPT Software corporation, supports enterprises in building their business network systems and distributed applications using blockchain technology.

It helps shorten the time spent on a number of tasks like electronic Know Your Customer (eKYC), credit scoring, customer loyalty programmes, and origin tracing.

In the future, it will be further developed for strengthened security and transparency.

At the event, Deputy Minister of Information and Communications Nguyen Thanh Hung said despite just being established in 2018, the platform has become popular.

He named a number of its successful users, including food group Masan Consumer, Baoviet Insurance, AIA Group, and VPBank.

Hung called on digital firms to continue investing in the research and development of advanced technologies of the 4th Industrial Revolution, adding that it will help Viet Nam catch up with latest developments in the world and complete its national digital transition.

The introduction of “Make in Vietnam” platforms is part of the national digital transition programme toward 2025 approved by the Prime Minister. — VNS