Vietnam Announces Launch of National Blockchain Platform NDA Chain

BlockBeats News, July 25th, according to Cointelegraph, Vietnam has announced the launch of the national blockchain platform NDA Chain. NDAChain is developed by the Vietnam National Data Association (NDA) and operated by the Data Innovation and Development Center of the Vietnamese Ministry of Public Security. The platform adopts the Proof of Authority (PoA) consensus protocol, is equipped with zero-knowledge proof technology to enhance security, and has 49 public-private partnership validation nodes, including government agencies and companies such as SunGroup, Zalo, and Masan participating in network security maintenance.

This blockchain network will provide a decentralized trust layer for areas such as e-government, finance, healthcare, logistics, and education. At the same time, NDAChain will support the NDA DID decentralized identity solution for transaction counterparty identification and digital contract signing. The Vietnamese government stated that the NDA Key application will achieve instant identity verification to prevent fraud and digital identity theft.