As Mr. David Do – CEO of HEAD Capita has stated on October 7th in the BCF Blockchain for Smart Economy event in Dubai, UAE: “Blockchain creates a big opportunity for businesses to expand their activities globally, easily, and effectively.”
1. Blockchain is the future!
Founded in 2008 by a Japanese software engineer, Blockchain is a technology that stores and transmit interconnected blocks. In particular, the information in the blocks does not change, but can only be updated or added. Therefore, this technology can be considered transparent, accurate, and global. For example, in the pandemic situation, many countries like Singapore, Korea, Malaysia, etc. have used Blockchain for managing the “vaccine passport”.
Recently, the “Global Startup Ecosystem” report in 2021 published in late September by the Startup Genome – one of the top research and consulting organization experts in the startup ecosystem – has surveyed more than 10,000 startup CEOs around the world and found out that 10% of the startups are focusing on this technology in the early stages. Blockchain, AI, Big Data, and Robots are listed as the fastest technology development trends. Blockchain is one of the fastest technologies among all global startups.
In the 4.0 revolution wave, Blockchain is the most disruptive technology for digital transmission and building the information technology platform.Founded in 2008 by a Japanese software engineer, Blockchain is a technology that stores and transmit interconnected blocks. In particular, the information in the blocks does not change, but can only be updated or added. Therefore, this technology can be considered transparent, accurate, and global. For example, in the pandemic situation, many countries like Singapore, Korea, Malaysia, etc. have used Blockchain for managing the “vaccine passport”.
Recently, the “Global Startup Ecosystem” report in 2021 published in late September by the Startup Genome – one of the top research and consulting organization experts in the startup ecosystem – has surveyed more than 10,000 startup CEOs around the world and found out that 10% of the startups are focusing on this technology in the early stages. Blockchain, AI, Big Data, and Robots are listed as the fastest technology development trends. Blockchain is one of the fastest technologies among all global startups.
In the 4.0 revolution wave, Blockchain is the most disruptive technology for digital transmission and building the information technology platform.
2. Blockchain creates a big opportunity for businesses.
Many professionals have agreed that Blockchain technology has created a potential application trend for various fields such as finance and banking, retailing, freight transporting, manufacturing, and telecommunicating. In the freight transporting field, one individual can use this technology and share the information to others in a built-in network. For example, when the cargos are shipped from the U.S customs to Vietnam customs, all the participants of the Blockchain network can track all of the cargos’ condition and arrival time. In the retailing and agriculture field, Blockchain will track the origins of the imported products effectively.
Mr. David Do also considered the same in his speech in the BCF event: “Blockchain creates a big opportunity for many businesses to expand their activities globally, easily and effectively.”
He also stated 3 keywords proves that Blockchain is making the world better. Firstly, it is Trust: “Blockchain technology will bring trust between businesses, investors and even HR office. With Blockchain, every company’s activity will be transparent and therefore creates trust during the process.”
Secondly, it is Resource. Blockchain has helped businesses to save their resources when bringing out projects to the community, therefore they can use the finance and marketing resource without having to use a lot of money and workforce.
Lastly, the keyword he mentioned was Opportunity. Since it is the era of internet, the world has already become better and more balanced. And when there comes Blockchain, the world has become even better. Blockchain is bringing opportunity for everyone to participate into specific economies that only few people can join because of the certain circumstances and challenges. For example, a poor resident in Venezuela can participate investing in the U.S real estate with just from 10 USD via Blockchain application. Thus, the collaborative relationships between corporations globally can be addressed easily via smart contract, which helps everything to be transparent and automated. Blockchain is giving a big chance for businesses to expand their activities globally, easily and effectively.
Especially for entrepreneurs and investors, Mr. David Do also stated that: “Blockchain brings you the opportunity for potential entrepreneurs, projects, and businesses that lack resources, funds, and relationships can attract external resources smoothly and from there turn their dreams into reality.”
3. Change to seize the opportunity
It can be said that in the current 4.0 economy, Blockchain technology brings many chances for businesses to develop and improve rapidly. An organization’s internal self-change through applying Blockchain technology to the process of establishing, manufacturing, and developing is a smart shortcut that helps businesses achieve big leaps in the market.
