Blockchain is the secure ledger system behind the Bitcoin cryptocurrency and it is the technology that has been credited with the power to reinvent the property sector.Blockchain technology is notoriously complicated. In simplest terms, it is a shared record of transactions. Anyone can hold a copy of the ledger and anyone can read it. Changes ripple through all versions of the blockchain held worldwide. A locking method is employed to prevent any tampering by one party — making it secure.Troy Griffiths, deputy managing director, Savills Vietnam, believes “blockchain has the capacity to revolutionise land transfers”.If the technology were to be implemented for land-registry purposes, it would have several possible benefits. The automatic processing of contracts would mean that costs are reduced. There would be increased security as identity records are tamperproof and deal times are reduced, as a deal can be an entirely digital experience.Blockchain puts real estate on … [Read more...] about Blockchain to change world real estate market
Blockchain
VN Blockchain Developers’ founder: Vietnamese crazy about ICO
VietNamNet Bridge - “Many Vietnamese people don’t know anything about blockchain, but are still willing to pour millions of dollars into ICO (initial coin offering) ,” the founder of Vietnam Blockchain Developers Nguyen Sy Thanh Son said recently. Mr Nguyen Sy Thanh SonSon is Chief Technology Officer (CTO) of Tomo and the founder of the first and biggest Vietnamese community of blockchain developers.Son is also among one of the first Vietnamese who are teaching Smart Contract, the technology used in startups’ ICO projects in which many Vietnamese have invested. Son said ‘fashionable’ and ‘technological’ word ICO is being used by many swindlers in Vietnam to disguise their behaviors of cheating unknowledgeable people.“They even cannot understand contracts, but decide to pour money into ICOs,” he said.Cryptocurrencies have seen prices skyrocketing in the market.According to Son, only one percent of investors in ICOs … [Read more...] about VN Blockchain Developers’ founder: Vietnamese crazy about ICO
Blockchain technology may open new era
Cuong made the statement at the first summit in Vietnam on blockchain technology and digital money, called Vietstock Blockchain Summit. The event was held in HCM City on January 28 by Vietstock and FundYourselfNow – a Singaporean organisation that helps startup businesses to raise funds for their initial coin offering (ICO). Theo VNA … [Read more...] about Blockchain technology may open new era
Blockchain tech may open new era
HÀ NỘI — Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up new attractive environment for all businesses and investors, said Nguyễn Đức Cường, head of consultancy division at Vietstock – a local financial-business media. Cường made the statement at the first summit in Việt Nam on blockchain technology and digital money, called Vietstock Blockchain Summit. The event was held in HCM City on Sunday by Vietstock and FundYourselfNow – a Singaporean organisation that helps startup businesses to raise funds for their initial coin offering (ICO). Vietnamese investors have caught up with the world trend and turned blockchain and crytocurrencies into a “hot” investment trend. For example, bitcoin and other cryptocurrency-related key words were among the top search targets on Google in Việt Nam last year. This means that local businesses and investors … [Read more...] about Blockchain tech may open new era
Three start-ups win blockchain contest in Vietnam
The Enigma contest, the first of its kind held in Viet Nam, aiming to promote Blockchain technology to the public through pragmatic, innovative and unprecedented use cases and applications, saw participation of 20 competitors in the preliminary round and six competitors in the final round. The contest was also the first step in facilitating the ground-breaking Blockchain ecosystem for Viet Nam to keep up with the world’s sweeping blockchain movement. Blockchain is a technology newly introduced in the world as well as in Viet Nam. It is a shared, immutable ledger for recording the history of transactions. It fosters a new generation of transactional applications that establish trust, accountability and transparency at lower costs and with more simple procedures. Blockchain technology is applicable in financial services, public election, data sharing systems, transactions in decentralised trading floors. Drop Deck team won the first prize with a trip to Singapore to meet with other … [Read more...] about Three start-ups win blockchain contest in Vietnam