Vietnam launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. 

On Friday, Vietnam announced the state-run blockchain network, which will verify digital transactions and records across different sectors. 

The new platform, NDAChain, was developed by the country’s National Data Association (NDA) and will be operated by the Ministry of Public Security’s Data Innovation and Exploitation Center.

The government said NDAChain will address long-standing challenges of centralized data models, including cyberattack vulnerabilities, scalability and limited global integration.

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