Main Points:
- Tether and Vietnam Blockchain Association (VBA) partner to promote blockchain and cryptocurrency education in Vietnam.
- The partnership includes workshops and conferences to share knowledge and develop skills.
- VBA launched the Blockchain & AI Innovation Academy, aiming to educate 1 million people, including 100,000 university students by 2030.
- Vietnam’s strong crypto adoption, with 17% of the population holding cryptocurrencies, emphasizes the need for education.
- The initiative seeks to equip the younger generation with fintech knowledge and practical blockchain applications.
Tether and Vietnam Blockchain Association Partner to Promote Blockchain Education
Overview
On July 9, 2024, Tether, the issuer of the stablecoin USDT, announced a strategic partnership with the Vietnam Blockchain Association (VBA) to promote blockchain and cryptocurrency education in Vietnam. This partnership aims to enhance knowledge sharing and skill development in the burgeoning field of blockchain technology, focusing on various educational initiatives, workshops, and conferences.
Key Developments
1. Strategic Partnership: Tether and VBA’s partnership aims to provide comprehensive education on blockchain technology to a wide audience, including general stakeholders. This collaboration is a significant step toward fostering a deeper understanding of blockchain’s potential and practical applications in Vietnam.
2. Workshops and Conferences: The partnership will conduct workshops and conferences designed to promote knowledge sharing and skill development in the blockchain industry. These events aim to educate participants about the latest advancements in blockchain technology and its applications in various sectors.
3. Blockchain & AI Innovation Academy: In April 2024, VBA launched the Blockchain & AI Innovation Academy during its annual forum. The academy’s goal is to attract and educate 1 million people by 2030, including 100,000 students from 30 universities across Vietnam. The academy comprises a board of directors, a scientific council of leading blockchain experts, and an executive committee.
4. Vietnam’s Strong Crypto Adoption: Vietnam has shown strong adoption of cryptocurrencies, with 17% of the population holding digital assets. The country ranks third globally in terms of total cryptocurrency gains, with a reported $1.18 billion in profits. This high level of adoption highlights the need for comprehensive education and training to ensure the population can effectively utilize and benefit from blockchain technology.
5. Tether’s Role in Education: Tether aims to leverage its expertise to educate Vietnam’s regional communities about the benefits and practical applications of blockchain technology. As part of the partnership, Tether will support five educational conferences in major cities, including Hanoi and Ho Chi Minh City, to disseminate knowledge about digital finance and blockchain.
Strategic Implications for Investors
1. Monitoring Blockchain Education Initiatives: Investors should closely follow educational initiatives in the blockchain space. As knowledge and skills in blockchain technology increase, so do the opportunities for investment in related sectors. Companies involved in blockchain education and training may see significant growth prospects.
2. Assessing Market Potential: Understanding the market potential for blockchain technology in Vietnam can help investors identify emerging opportunities. With strong crypto adoption and increasing educational efforts, Vietnam presents a promising market for blockchain-related investments.
3. Adapting to Technological Advancements: Investors need to stay informed about technological advancements in blockchain. As the technology evolves, new applications and use cases will emerge, offering investment opportunities in various sectors, including finance, supply chain, and healthcare.
4. Exploring Infrastructure Investments: Investing in infrastructure that supports blockchain technology, such as digital wallets, payment systems, and cybersecurity solutions, is likely to be lucrative. As Vietnam builds the necessary infrastructure for blockchain adoption, companies providing these technologies and services will be in high demand.
The partnership between Tether and the Vietnam Blockchain Association marks a significant step in promoting blockchain education in Vietnam. By focusing on knowledge sharing and skill development, this initiative aims to equip the younger generation with the necessary tools to thrive in the digital economy. Investors should monitor these developments, adapt to technological advancements, and explore opportunities in supporting infrastructure to capitalize on the growing blockchain ecosystem in Vietnam.
