Da Nang, May 28, 2019 – Representatives of the Association Blockchain Vietnam, Vietnam Blockchain Corporation and Infinity Blockchain Labs Company shared about the solution of traceability with blockchain technology in the training “Effective E-Commerce Solutions for Enterprises”. The training program was organized by the Department of Industry and Trade of Da Nang City with Vecom (Vietnam E-commerce Association) with the support of communication & business connection by VTC News & SSDe.vn.
The training program was built with the aim of providing complete understanding of the Online Business System, equipping trainees with knowledge of E-commerce in the trend of economic integration as well as legal notes and application of new technology trends in production and business activities of enterprises. Participants include Business owners, sales managers and employees, goods, marketing, related departments, universities, colleges in Da Nang city and the central provinces (Quang Nam, Quang Ngai, Binh Dinh).
Mr. Do Van Long shared about blockchain technology & “Agridential” solution at the training session
The training series gives businesses the opportunity to interact with technology experts, update new trends for business strategies, and connect partners and suppliers. The program introduces technology solutions to support business, support small and medium enterprises in the technology of business operations, maximize profits.
Traceability solutions using blockchain technology attract the attention of numerous participants
Vietnam e-commerce market is growing strongly. Every day there are thousands of visits to e-commerce site and thousands of customer requests for transparency and product quality. The e-commerce market is a potential market for Vietnamese businesses. Because E-commerce is new, there are still many shortcomings in the product quality management system. Besides, issues related to brand management, supply chain management, Information management are also a matter of concern and improvement. Since then, the implementation of effective e-commerce solutions will help businesses increase their competitive advantages.
Mr. Do Van Long, Deputy Head of Blockchain Association, Director of Vietnam Blockchain Corporation and Chief Regional Strategic Officer, Infinity Blockchain Labs, guide implementation of blockchain technology in solution of traceability of agricultural products according to the value chain called “Agridential”. “Agridential” is the GS1-compliant blockchain based traceability solution to transparent the information and product quality, thereby increasing consumer confidence. Traceability using blockchain technology helps consumers verify the quality of agricultural products; minimizing fraud and risks in the supply chain; therefore, enhancing the prestige and brand value for genuine businesses in the market.
Mr. Long gave a feasible proof of the “Agridential” solution on My Xuong mango product in Dong Thap. Each mango has a QR Code identification stamp using GS1 standard blockchain technology. Consumers can track and trace the information from the origin of mangoes, from fertilizing, spraying, fruit bags to harvesting and distribution. Each information recorded by individual units (gardeners, cooperatives, distributors …) in order to avoid the situation that one party manipulates all information. In particular, since all information is recorded using blockchain technology, it is not possible to delete, modify or tamper. This is the preeminent feature of the decentralization system on the blockchain. Information is stored in a multi-server community, not concentrated in a server so the ability to forge is almost impossible. The GS1 standard is a globally recognized general standard. Hence, the application of GS1 standards in traceability of blockchain technology applications makes verification easier when exporting to major markets, contributing to increased product value.
Agridential application interface
At the training session in Da Nang, the “Agridential” solution was also piloted on coffee bean products of Mayaca Coffee, belonging to Mayaca Coffee Company Limited. The story “Real case, real product” with blockchain technology and the “Agridential” project received attention from the many parties as well as businesses in the province.
Mr. Long explained a comparison of the superiority of the blockchain “Agridential” technology application traceability solution to the traditional QR Code information delivery solution. Traditional QR-Code only allows links to websites and provides static basic information. Information on the website does not have status updates, the process of transport, preservation, delivery, information is easily changed or deleted. With the blockchain technology application, all information represents the state of the product that no one can change or fake. This is the preeminent feature of the decentralization system on the blockchain. Information is stored in the server community, not concentrated in a server so the ability to forge is almost unavailable.
On that basis, Mr. Long proposed to apply “Agridential” blockchain technology in traceability of agricultural value chains in Da Nang and Central and Highlands provinces. The high-quality agricultural products that can be accessed according to the value chain will affirm the typical brand of the province. Since then promote and expand Community Agriculture model.
Solution of blockchain technology application in GS1 standard traceability called Agridential, researched and developed by Vietnam Blockchain Corporation.
Vietnam Blockchain Corporation – VBC – Introduction
Vietnam Blockchain Corporation (VBC) is a technology company providing blockchain solutions and services in Agriculture, Manufacture, Supply Chain, Logistics, E-Commerce, Fintech, Sharing Economy, Public Services, and Smart City.
VBC aims to power Vietnam in becoming a Blockchain Country & Expert Hub.
VBC, formerly Vietnam Blockchain Country, is a subsidiary of Infinity Blockchain Labs (IBL)
Introducing Infinity Blockchain Labs (IBL)
Infinity Blockchain Labs Co., Ltd. (IBL) is a company that researches and develops Blockchain technology with a commitment to promote social development with future technologies. With the leading position of the blockchain ecosystem in Vietnam and global market coverage, IBL aims to become an R&D unit that brings future technology into practical applications for existing businesses and daily life. Proud to be honored in the top 10 blockchain technology solution providers of 2018 by APAC CIO Outlook, more than 200 members at IBL aspire to make Vietnam a pioneer in researching and developing blockchain in the world.
Vietnam Blockchain Corporation – VBC
Address: 5th Floor, Flemington Building, 182 Le Dai Hanh, Ward 15, District 11, TP. HCM
Hotline: (+84) 0377 887 403
Email: [email protected]
Representative: Mr. Do Van Long
Director – Vietnam Blockchain Corporation
Regional Chief Strategy Officer – Infinity Blockchain Labs
Email: [email protected]