Experts seek to offer guidance on the future at the technology conference (Photo: VNA) HCM City (VNS/VNA) - The world has entered anera of great technological development, which has changed people’s lifestyles,even in Vietnam, Nhip Cau Dau Tu (Investment Bridge) magazine’s technologyconference has heard.
“We would like to show how leading technologies, includingblockchain, artificial intelligence, network security, and e-commerce canchange life and help the Vietnamese business community achievebreakthroughs," Dang Nhat Minh, editor-in-chief of the magazine said atthe first Tech Summit in HCM City this week.
David Lang, chief product officer of Infinity BlockchainLabs, said by 2030 the value of blockchain would reach 2 trillion USD.
“Blockchain is a trusted platform. It has created more jobsand more nations have welcomed blockchain enterprises with looser regulations.
“Despite the fact that the electronic money market hassignificantly decreased, other blockchain applications have strongly developedin the banking system and supply chain and to meet other social demands.”
According to CNN, last year the blockchain market was worthnearly 1 trillion USD.
Infinity Blockchain Labs has applied blockchain technologyin tracking agricultural products in Vietnam.
“In the near future people will use blockchain technologylike the internet and we can imagine that each company will build its owntrustworthy network based on blockchain technology and then connect themtogether,” Lang said.
Vietnamese start-up companies should pay attention toartificial intelligence (AI), the conference heard.
According to US market research company Tractica, by 2025 AIapplications will be worth 60 billion USD.
The latest trends in AI are to imitate the human nervoussystem and get machines to speak various languages.
Nguyen Tuan Anh, technology director at MicrosoftAsia-Pacific, said: “Human ingenuity is unique, no machine can compare it. Itcan adapt, imagine and invent, but AI cannot.
“AI is to amplify and supplement human ingenuity. AI must gowith Big data because AI cannot work efficiently without Big data while Bigdata is less useful without AI.
“When AI can be integrated into smart operation systems, itcan help humans connect systems and supervise all important fields like transport,administration, medicine, housing, education, and culture.
“AI brings precise production, saves expenditure, makeshuman life more comfortable, and creates opportunities for enterprises.”
Hoang Tuan Hai, chief product officer at Hewlett Packard Vietnam,said cyber attacks had doubled last year.
“In Vietnam, 70 percent of cyber attacks are done bymalware in end-user equipments.
“Network security is very important for personal connectedequipment like computers, mobile phones, even printers because data is nowvaluable in the industry 4.0 era.”
Tran Ngoc Thai Son, founder and CEO of Tiki, said if anycompany wants to enter the billion-dollar club it should start with socialnetworks, electronic payments and e-commerce.
“In Southeast Asia, Vietnam is considered to have greatpotential, only behind Indonesia, because of its population and youth.
“In 2017 retail turnover was 130 billion USD with annualgrowth of 9 percent, while e-commerce only accounted for 2 percent. In futurethe figure will increase 10 fold to 20 per cent.”
He advised Vietnamese investors to focus on warehousing,which is expected to boom soon to meet the rapid growth in e-commerce.
“Investors can make big bets and win big with big e-commercecompanies, or bet small but win big with emerging models.”-VNS/VNA
VNA