Network chain block Layer 1 ‘make in Viet Nam’ into shape

Blockchain network “make in vietnam” of the company 1Matrix had the initial results, after more than four months of development.

In the event over the weekend, mr. Do Van Art director, Solution and architecture blockchain of 1Matrix, said Network services, multi-chain blockchain Vietnam (VBSN) are deployed according to the commitment at the national forum on business and technology of Vietnam 15/1.

Meanwhile, the Ministry of information and Communications (now the Ministry of Science and technology) announced eight business pioneers get the task master technology strategy for Vietnam, before the witness of General secretary of the Lam. In it, One Mount get the task master technology block chain (blockchain).

Share at the forum after receiving the mission, ms. Nguyen Thi Calming, General director of One Mount, said the company is committed to investing 200-500 million USD deploy blockchain network Layer 1 “make in Vietnam” and infrastructure construction chain block countries. To January 5, the company 1Matrix was established through a partnership between One Mount, Techcombank and a number of partners.

Layer 1 is considered to be the core of blockchain, such as Bitcoin, Ethereum, BNB Chain, built from the network node computers have the ability to verify, record the transaction on the ledger of the blockchain mechanism consensus. From the network Layer 1, the developer can build more Layer 2, helps increase the ability to communicate between the various components of the network, improvement of the processing speed or cost, and Layer 3 is the apps using blockchain.

Over time, some units in the country is also developing blockchain Layer 1 as the Aura Network, Tomochain (be Ninety Eight acquired and renamed Viction).

Mr. Do Van Arts, director, solutions architecture and blockchain company's 1Matrix. Photo: Parking Ha

He Art or network blockchain of 1Matrix designed with architectural models five floors, has a similar structure, Network infrastructure services, blockchain Europe (EBSI) and service Network blockchain China (BSN).

VBSN aim to provide solutions blockchain for businesses and organizations with services in both public sector and private. Priority areas of this network is processing data, national identification numbers, electronic invoices, archive, certificate degree, number of assets, innovation and financial technology.

Is 1Matrix has built 6 network Layer-1 with the different characteristics in terms of speed, security capabilities, the level of charge... to fit every need specific application. These networks can connect with the platform blockchain available on the world. “Transaction speed of each network Layer-1 in VBSN reach from 2,000 to 60,000 transactions per second, can extend a maximum of 300,000 transactions per second purchase requires practice,” a representative 1Matrix for or.

Blockchain technology is one of the 11 group technology strategy according to the decision 1131, was Prime minister issued on 12/6. The products belonging to this group include: asset number, money number, money coding; network infrastructure blockchain; and systems traceability.

According to data from Chainalysis and Triple-A, Viet Nam is located in the top three global indicators to accept the property coded with more than 17 million people who own the year 2024. In the period 2022-2024, every year there are more than 100 billion inflows from assets encrypted flows into Vietnam.

Mr. Phan Duc Trung, chairman of the Association Blockchain Vietnam, get the acceptable level of asset coding shows the market demand and the need of forming blockchain network in Vietnam.

In fact, don't own 1Matrix development blockchain “make in vietnam”. Under the chairmanship of the Data center national – the Ministry of Public security, the Association of national Data also build platform blockchain national NDAChain from the end of 2024, before widely introduced on January 6.

Source: vnexpress.net