On July 18, 2025, the 51 projects selected for the semi-final round of the VietChain Talents 2025 competition were officially announced. The event also highlighted initial outcomes of the VBSN initiative.
Projects and Participants
The competition, co-organized by the Government Cipher Committee, the Vietnam Blockchain Association (VBA), and 1Matrix, received over 300 proposals from 220 teams, resulting in 138 valid submissions. Projects were categorized into four themes: Layer1 (35%), blockchain traceability (32.5%), centralized/decentralized exchanges (21.5%), and blockchain bridges (11%). Participants include leading organizations such as Techcombank, FPT, OneMount Group, and Sky Mavis, along with students from over 30 universities in Vietnam.
Selection Criteria for Semi-Finalists
According to Ms. Nguyen Van Hien, Vice Chairwoman of VBA, the 51 semi-finalists were selected based on four key criteria: Practical Value, Innovation, Sustainability & Scalability, and Overall Quality. The semi-final round will take place from July 21 to 31, 2025, during which teams will deliver live presentations.
Overview of VBSN and its Impact
Mr. Do Van Thuat, Director of Blockchain Solutions and Architecture at 1Matrix, presented early results of the Vietnam Blockchain-based Multichain Service Network (VBSN), reaffirming commitments made at the 6th National Forum on Digital Technology Enterprise Development. VBSN currently comprises six Layer1 blockchains, with a throughput ranging from 2,000 to 60,000 transactions per second and scalable up to 300,000 TPS. The network aims to address challenges regarding security, decentralization, and scalability in Vietnam's blockchain ecosystem.
The VietChain Talents 2025 competition serves as a significant event for the development of blockchain technologies in Vietnam, fostering the introduction of new initiatives and partnerships in the field of digital finance and technology.
