Vietnam Unveils National Blockchain for ID and Records

Main notes

• Vietnam launched Blockchain National identity and digital records.
• NDACHAIN 49 has a verification knot, which is supervised by a mixture of public agencies and major companies.
• The platform is expected to meet the needs of both the government and companies.

Vietnam builds the basis of its digital future by launching the Blockchain national platform, with the aim of managing government identities, records and services in all parts of the country.

On July 25, Vietnam revealed plans For the Blockchain network backed by the government designed to verify digital records and transactions across multiple industries. The National Society for the National Data of the Country (NDA) has established the Blockchain, NDACHAIN platform, while the Data Innovation and Exploitation Center in the Ministry of Public Security will oversee its operation.

NDACHAIN is created as a basic system to help verify data for both the government and companies. Officials say it will fix problems with old and central systems such as being easy to penetrate, difficult to expand, and it is difficult to communicate with global platforms. The government believes that the integrated features of the platform, such as tampering records, and tracking clear data, will make it a powerful tool to protect sensitive information and ensure that it can be trusted through various systems and sectors.

Dew

NDACHAIN is a Blockchain national network, designed as a safe and developmental basis for digital services in both governmental and private sectors. In essence, it is a 1 Blockchain layer 1 layer, which means only accredited participants can run it. In this case, there is a set of 49 verification contract. This contract is managed by a mixture of public agencies and major companies, including the National Data Center, the Ministry of Public Security, Sungroup, Zalo, MASAN, MISA, Sovico and VNVC.

Each knot plays a major role in maintaining the system. They store the joint digital professor’s book to track all activities, use smart contracts to automate tasks and operations, and communicate directly with the national ID system in Vietnam to verify identities in a reliable manner.

The platform is run by a composition consensus form (POA). This only means that reliable entities can verify the authenticity of transactions. It is also secured using zero knowledge evidence (ZKPS), which protects sensitive data while confirming its accuracy. Ndachain is also designed for performance. He can handle up to 3,600 transactions per second, providing both speed and reliability with continued growth digital services in Vietnam.

Mr. Ngwin Hoy, President of the Technology Association at the National Data Association, revealed, “Vietnam has chosen with a mixed data with a mixture of central and decentralized components.

This announcement follows comments from the Deputy Minister of Finance, Naguin Duk Che, who participated in the fact that the Ministry of Finance plans to submit a proposal to test the government -backed digital assets platform.

Digital identity and tracking products

Ndachain is also designed to help people and companies stay safe and build online confidence. One of the main uses is NDA, a digital identity tool that allows users to confirm those who deal with it quickly when signing contracts, using services or conducting transactions. Through the Ndakey application, people can check the identity of a person in seconds, which reduces the risk of fraud and fake calculations.

Ndachain also supports Ndatrace, Vietnam National Platform for Tracking Products. Each unique digital identifier component is appointed to meet international standards, which facilitates proof of where the product came from. These local companies help join global supply chains and give customers confidence in what they buy.

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