Vietnam’s Ministry of Education Adopts Blockchain Record-Keeping

Vietnam’s government is adopting blockchain technology on a national level. Vietnam’s Ministry of Education and Training, or MOET, is planning to implement blockchain technology for issuing diplomas in 2021.According to a Nov. 18 announcement, the MOET has partnered with Singapore-based startup TomoChain to put national student certifications on TomoChain’s proprietary blockchain platform.As part of the “National Qualifications Archive” project, the MOET plans to issue all types of diplomas granted by its training units and the High School and Higher Education on the blockchain. The new....

Vietnam’s Ministry of Finance reminded the public that cryptocurrencies have no legal framework in the country. Vietnamese financial authorities have warned the public about the risks of cryptocurrency investment, as the industry is not regulated in Vietnam, local news agency Thanh Nien reported Wednesday.The Ministry of Finance of Vietnam stated, “Vietnam has not adopted any legislation related to the issuance, trading, and exchange of virtual currencies and virtual assets.”The ministry stated that digital currencies are not part of Vietnamese securities laws and that there are only two....

The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting prominent Russian news agency Interfax have revealed voices in the Ministry of Justice and the Interior Ministry to question and even oppose the Russian Finance Ministry’s proposal for a bitcoin banning bill. A source from “the financial and economic block” of the government has reportedly told Interfax that the Ministry of Justice....

Tech powerhouse and early blockchain developer IBM is reportedly in talks with the Kenyan government to put public records from various sectors on a blockchain. According to regional publication Business Daily Africa, IBM is looking to transform public records’ management by introducing blockchain technology in the fields of health, education and real estate. The Kenyan Ministry of Information and Communication is for the plan, noting that information stored over a public, immutable ledger will help curb fake academic certificates as well as fraudulent land transactions. Speaking at the....

A new government-funded challenge seeks blockchain-based solutions to simplify educational data sharing, but implementation could take time. The COVID-19 pandemic has exposed flaws across various sectors. As a result, a number of government departments are evaluating blockchain-based systems as possible solutions for challenges involving multiparty workflows, record-keeping, transparency and more. For example, the United States Department of Education recently provided funding for the launch of the “Education Blockchain Initiative.” Referred to as the EBI, this project is led by the....