Since Uber left Vietnam, both foreign and domestic firms race to launch ride-hailing services, setting themselves apart from Uber and Grab to gain market share. One of the latest players is Singapore-based transportation startup MVLchain, which owns the Grab-like platform MVL and is planning to utilise blockchain technology for the first time in Vietnam. MVL Chain from South Korea to bring blockchain-based ride-hailing app for the first time to Vietnam Speaking at the introduction conference organised in Ho Chi Minh City on May 5, CEO Kay Woo stated that Vietnam is considered a key market of MVL (Mass Vehicle Ledger) and that the firm submitted the dossiers to establish a legal presence in Vietnam and operate as an IT firm. MVL will start to recruit drivers within this month and in case the dossiers are approved on time, the firm will launch the app in July. Drivers will not have to pay commission and the company will make a profit from selling data generated from its daily … [Read more...] about MVL Chain to bring blockchain based ride hailing app to Vietnam
Blockchain
Blockchain-powered ride-hailing app to arrive in Vietnam
A blockchain-powered ride-hailing app which requires no commission fee from drivers will be arriving in Vietnam this July in the wake of Uber’s departure last month following Grab's acquisition of the firm’s Southeast Asian operations. MVL from the Singapore-based startup MVLchain is going to recruit its first batch of drivers in Vietnam this month. The upcoming app utilizes blockchain technology, and is the first ride-hailing app in Vietnam to do so, said CEO Kay Woo during a conference held in Ho Chi Minh City last Saturday. Blockchain technology utilizes a growing list of digital records which are linked and secured using cryptography. That means a blockchain system can act as a secure, open and transparent distribution ledger to record transactions between two parties efficiently and verifiably. Blockchain technology can be applied to manage assets, contracts and global payments. “Our data is stored using blockchain technology. That means all data belong to … [Read more...] about Blockchain-powered ride-hailing app to arrive in Vietnam
Blockchain to help raise customers’ trust in farm produce
President of Lina Network Vu Truong Ca delivers a presentation on blockchain application in value chains (Photo: VNA) Hanoi (VNA) – Blockchain has been introduced at a recent forum as a solution to maximising the transparency of information about agricultural products. “Using the technology in the supply chain, customers can update the information of products anytime and anywhere,” said Vu Truong Ca, President of Lina Network, one of the companies doing research on blockchain application in agriculture. “Costs for using blockchain to track products’ origin will be sharply cut down, even up to zero dong because they do not depend on the number of users”. Applying technologies in tracking the origin of products is considered a need to boost customers’ trust in local farm produce. “That customers do not know clearly about the origin of the products they buy may lead to the fact that some products have good quality but slowly … [Read more...] about Blockchain to help raise customers’ trust in farm produce
Vietnamese blockchain group explores business opportunities
VietNamNet Bridge - The members of the Vietnamese blockchain community say they have confidence in the strong rise of technology in the future. The international Blockchain Week was held in March 2018 During the international Blockchain Week event in early March 2018 in Vietnam, a special session was held with Vietnamese blockchain-based developers. The participants were impressed by Vu Duy Thuc, a well-known name in the blockchain circle. Thuc spoke via video stream about a robot he made at Omni Labs. It has a support base of rotating wheels, with the body a pole and the head a tablet. It is used with the elderly. Thuc, who has a doctorate and is well known in Silicon Valley, talked about AI and robot trends, while other participants presented their research on blockchain technology. One speaker was Luu The Loi, who successfully called for $56 million worth of capital for Kyber Network through the issuance of tokens (the products created with blockchain technology) last … [Read more...] about Vietnamese blockchain group explores business opportunities
IBM joins group building a blockchain-based global identity network
International Business Machines Corp has joined a private, non-profit organization called Sovrin Foundation that is seeking to build a global decentralized identity system based on blockchain technology. The blue-chip U.S. computing company will join the non-profit as a “founding steward,” dedicating hardware, security, and network capacity to help create a digital identity network for individuals and businesses, Sovrin foundation chair Phil Windley told Reuters in an interview on Thursday. Other international IT firms are already taking part, led by Deutsche Telekom’s research and innovation unit Telekom Innovation laboratories, Sovrin said. “The way we live and work online is quite different from the physical world,” Windley said. “By creating a global digital identity system, Sovrin is trying to make the online world as authentic and as interactive as the physical world.” Sovrin’s identity network uses distributed ledger technology, or … [Read more...] about IBM joins group building a blockchain-based global identity network