Decentralized Identity solution is being developed in Vietnam

Decentralized Identity solution is being developed in Vietnam
July 13
11:45 2020

Thanks to a collaboration between companies Coinplug and KardiaChain, Vietnam will soon receive a Decentralized Identity (DID) solution. The aim of this initiative is to encourage the mass adoption of blockchain technology in the country, as CryptoNewsZ reported.

KardiaChain is working on improving blockchain technology and making it more available to the public in Vietnam. For instance, the company has recently introduced a new payment portal in the country. In addition, Coinplug is a South Korean company that supplies businesses there with blockchain technology. As a result, the partnership of two experts in the blockchain is promising.

The partner companies will work on creating a Decentralized Identity solution for improving technology adoption and meeting the needs of businesses in the country. Both individual users and companies should be able to apply this technology effectively and efficiently.

As of right now, Vietnam only offers traditional ways of managing one’s identity. That is why the companies want to digitize the conventional practice. Modern times call for modern solutions. A service in Vietnam that uses DID technology has the name MYKEEPiN. Its creators and members hope that DID can become accepted much more widely than it is at the moment. The project will use collaboration to introduce and improve DID solutions.

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