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Vietnamese Telecom Giant Viettel Gets Into Blockchain

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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.

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