Vietnamese Government Reveals Launch of akaChain

The Ministry of Information and Communications in Vietnam has revealed what it calls akaChain, an “enterprise blockchain platform developed by leading IT firm FPT Software,” and will be launching it to lead its transformation into the digital age, according to a press release from the group.

Vietnam only has a few in-country made digital platforms, and akaChain is one of them hand-picked by the government. The region plans to be a top 50 country regarding info and comms development by 2030, and this is part of its plan to do so.

Speaking on the matter is Nguyen Thanh Hung, the Deputy Minister of the Ministry, who said:

“As COVID-19 looms large, it is more important than ever to take their business online. We trust FPT Software’s akaChain will help businesses to quicken the process through blockchain-based applications such as eKYC (electronic Know Your Customer), credit scoring, loyalty programs, traceability, etc., which would be very challenging in the absence of technologies.”

Also sharing some thoughts is Tran Dang Hoa, the Chief Operating Officer of FPT Software, who said:

“FPT Software is also working to develop Digital ID solutions based on the akaChain platform, making it much easier and faster to prove identity and validate personal information. The key here is to constantly improve security and transparency. We are excited to be part of the national digital transformation program and help the Vietnamese Government to build early foundations for a digital economy, digital society, and e-Government.”