Crypto Chronicle
  • Home
  • News
  • Vietnamese Telecom Giant Viettel Gets Into Blockchain
Blockchain News

Vietnamese Telecom Giant Viettel Gets Into Blockchain


At a recent workshop in Ho Chi Minh City, Vietnam, the countries leading telecommunications network, Viettel, outlined its forays into blockchain technology.

The corporation, known officially as the Viettel Enterprise Solutions Corporation, is working towards becoming Vietnam’s leading provider of blockchain technology within five years.

Deputy General Director, Ngo Vinh Quy, spoke of his belief in blockchain as a technology that will “change the world.”

“Viettel has the financial resources, human resources [and] network infrastructure [] to learn and apply blockchain technology,” he said.

He went on to voice his concerns regarding which blockchain technology would be best suited and most effective for Viettel to apply to daily life. Viettel has already begun an initial trial into a blockchain-based solution for medical file management. With the government wasting upwards of $100 million on repeat medical tests when patients move between hospitals, Viettel hopes to leverage blockchain technology to better record and share medical information. It envisages a system that links provincial health departments, hospitals and doctors throughout the country with the Ministry of Health and insurance providers.

“We have successfully trialed the model and are waiting for approval from the health ministry,” said Pham Ngoc Son, director of the Core-technology Centre.

Viettel’s future plans for blockchain include ventures into education, telecommunications, finance, energy, and transport.

Related posts

Facebook Reverses Ban On Crypto Ads But Not ICOs

Mark Hartley

Survey Says: Millennials Love Crypto

Neil Mathew

Jack Dorsey Still Believes In Bitcoin (BTC)

Neil Mathew

Leave a Comment

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.