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Crypto News: Vietnam Launches NDAChain to Enhance Digital Ecosystem
Vietnam has recently taken a significant step forward in the digital space with the launch of its national blockchain platform, NDAChain. The innovative technology is designed to provide a decentralized trust layer for various sectors such as e-government, finance, healthcare, logistics, and education.
The launch of NDAChain aims to address the pressing issues of cybersecurity, difficulty in scaling, and global integration that have been hindering the country’s digital ecosystem. With this new platform, Vietnam is poised to revolutionize its digital assets environment and accelerate sustainable growth with innovation.
NDAChain is a unique hybrid architecture that blends centralized and decentralized components. This permission layer 1 blockchain uses a Proof of Authority (PoA) consensus mechanism combined with zero-knowledge proofs (ZKPs) for enhanced security. The platform also incorporates NDA DID, a decentralized identity solution to verify counterparty identity in transactions.
The new technology boasts impressive transaction processing capabilities, capable of handling up to 3,600 transactions per second. Furthermore, the NDAKey application prevents scams and impersonation, ensuring the security and integrity of all transactions conducted on the platform.
Phase 2 of the project is imminent, with international collaboration and customization for various sectors being a major focus. This move aims to further strengthen Vietnam’s digital ecosystem and create new opportunities for innovation and growth.
In conclusion, Vietnam’s launch of NDAChain marks an important milestone in its quest for sustainable digital development and growth.
Source: coinpedia.org
