At the meeting, Mr. Phan Duc Trung, Chairman of 1Matrix Joint Stock Company, Chairman of VBA Association shared the initial results of the Vietnam Blockchain Multi-Chain Service Network (VBSN), implemented with the ecosystem of Techcombank - One Mount Group - Masterise Group - Techcom Securities according to the commitment at the 6th National Forum on Digital Technology Enterprise Development.
VBSN is designed according to a 5-layer architecture model, similar to the European Blockchain Service Infrastructure Network (EBSI) and China Blockchain Service Network (BSN), aiming to provide comprehensive, low-cost, easy-to-deploy blockchain solutions for businesses - public and private service organizations.
Key areas prioritized for implementation include: national data processing, digital identification, electronic invoices, certificate storage, asset digitization, financial technology innovation... VBSN is built with 6 layer-1 blockchains that combine connections with many available blockchain platforms in the world, with many decentralized and consensus mechanisms, to optimize benefits for different fields and needs.
The transaction speed of each layer 1 network in VBSN currently reaches 2,000 - 60,000 TPS (transactions/second), and can even reach a maximum of 300,000 TPS, depending on the requirements of each actual implementation partner. To realize this goal, 1Matrix not only focuses on developing core technology and building infrastructure, but also focuses on high-quality human resources.
In early 2025, Da Nang City and VBA Association signed a memorandum of understanding to support the construction of an international financial center. In the coming time, VBA will focus on connecting the public-private service ecosystem, optimizing the power of blockchain technology to increase the efficiency of state management, improve business performance of enterprises and people's experience through advanced financial services - digital technology .
Standing Vice Chairman of the City People's Committee Ho Ky Minh said that the working session took place in the context that the Government had just issued Decision No. 114/QD-BCDTTTC dated August 1, 2025 on the action plan to implement the construction of an International Financial Center in Vietnam and before that, the Conclusion Notice No. 47-TB/TW dated November 15, 2024 of the Politburo on the construction of a regional and international financial center in Vietnam.
The goal is that by the end of 2025, the International Financial Center will be put into operation in Ho Chi Minh City and Da Nang, creating momentum for breakthrough growth, attracting medium and long-term financial resources for Vietnam in the new period. In particular, blockchain technology and digital assets are considered the focus of developing Da Nang's International Financial Center and an opportunity for the city to achieve breakthrough growth in economy and investment.
The city leaders highly appreciated the initiatives and efforts of 1Matrix and VBA in developing the VBSN network according to the open ecosystem model, allowing domestic and foreign partners to easily connect and integrate. This is a solution in line with global technology trends, helping to create new momentum for economic growth. At the same time, they expressed their support for the proposals of VBA and 1Matrix in deploying the VBSN network in Da Nang, especially practical applications such as payment and decentralized identification.
The Standing Vice Chairman of the City People's Committee proposed that VBA and 1Matrix Company participate in consulting and accompanying in building digital technology infrastructure for the international financial center in Da Nang, contributing to ensuring a modern, safe, scalable operating platform and connection with international platforms.
Source: https://baodanang.vn/da-nang-thuc-day-hop-tac-voi-hiep-hoi-vba-ve-trien-khai-cac-cong-nghe-blockchain-3298566.html
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