Vietnam launched the VBSN, a national blockchain infrastructure, to master core technology, ensure data sovereignty, and enhance state management. It provides a secure, high-speed foundation for digital identity, smart cities, and private sector digital transformation.
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As global finance and insurance sectors navigate complex digital transitions, strategic foresight in next-generation security is paramount. The recent unveiling of Vietnam's national blockchain infrastructure (VBSN) offers a compelling case study on achieving data sovereignty and immutable record-keeping through core technological mastery.
The primary driver behind the VBSN initiative is the necessity for national digital sovereignty over data and digital assets. For decision-makers in banking and insurance, this translates directly to enhanced security and reduced risk. By establishing a dedicated national infrastructure, Vietnam is creating a foundation for immutable record-keeping, where critical data—from property titles to policy contracts—is verifiably secure. This strategy moves beyond traditional security paradigms, ensuring the integrity and authenticity of digital information at a governmental and national level, which is critical for systemic trust and resilience.
The technological architecture of the VBSN addresses the scalability challenges often associated with distributed ledgers. With six foundational Layer-1 Blockchains capable of 300,000 transactions per second (TPS), the infrastructure ensures real-time intelligence and superior operational capacity for high-volume applications like digital identity and cross-border payments. Furthermore, the platform is designed for accessibility, enabling traditional businesses to launch a new Layer 1 with pre-integrated utilities in under an hour. This rapid deployment capability significantly reduces the barrier to entry, accelerating the nationwide adoption of advanced, verifiable data solutions.
The financial services and insurance industries are direct beneficiaries of this national strategic pivot. The VBSN is actively being shared with major domestic partners, including prominent banks and financial organizations, to enhance data management, system efficiency, and support new business models. Applications like Decentralized Identity (DID), smart contracts, and degree verification underscore the platform’s utility in creating a future-proof document ecosystem. For decision-makers, leveraging this national infrastructure provides a strategic advantage, streamlining complex verification processes and ensuring regulatory compliance through a universally verifiable and high-speed ledger.
The true value of this ecosystem lies in its capacity to transform document management into an immutable, verifiable process. Tomorrow's successful enterprises will be those that align their strategy with these sovereign, trustless digital foundations today.
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SOURCE
Vietnam unveils national blockchain infrastructure, aiming for digital sovereignty
VnEconomy Website
(October 13, 2025)