ABAII is empowered by the Vietnam Blockchain Association according to decision No. 05-2023/NQ-BLCVN dated 20 December 2023.
Context
Many countries are considering blockchain technology and Artificial Intelligence (AI) as the top priority options for socio-economic development goals in the current and near future.
According to a report by Grand View Research, the global Blockchain technology market is expected to reach nearly 164 billion USD by 2029, expanding applications from cryptocurrency to many other industries, such as healthcare, real estate, logistics, and supply chain management.
In particular, according to Boston Consulting Group (BSC), by 20230, the value of tokenized real assets will account for 1/10 of the total global GDP, reaching 16,000 billion USD.
In Vietnam, Blockchain and AI are two of the top technologies in the list of high technologies prioritized for investment and development, issued together with the Prime Minister's Decision No. 38/2020/QD-TTg dated 30 December 2020.
Blockchain technology in Vietnam is currently being widely applied in many fields, such as finance (83%), supply chain (40%), and public services (30%)... solving many problems with different challenges and outstanding features such as transparency, security, speed, and cost.
Besides Blockchain, Artificial Intelligence (AI) technology is also attracting strong attention from the science and technology community. The expectation is that it will help improve labor productivity, increase work efficiency, and optimize costs and fees for domestic businesses, increasing global competitiveness.