In Hanoi, within the framework of the specialized training session "Legal Framework and Risk Identification of Crypto Assets" organized by the Vietnam Blockchain and Digital Assets Association (VBA) in collaboration with 1Matrix Company, a representative from 1Matrix announced the initial results of the Vietnam Blockchain Service Network (VBSN) - a key project assigned by the Government, with the goal of helping Vietnamese people take ownership of core data and technology in the blockchain field. With the Vietnam Blockchain Service Network (VBSN), businesses and organizations can create a complete Layer 1 blockchain in less than an hour.
According to Dr. Do Van Thuat - Blockchain Solutions and Architecture Director at 1Matrix - previously, building a new blockchain network at the Layer 1 level typically consumed 1-3 months, with costs reaching hundreds of thousands of USD. This process required an experienced blockchain engineering team, powerful server systems, and lengthy testing periods.
With VBSN, everything changes completely. With just a few configuration steps, in less than 60 minutes, businesses can initialize a Layer 1 blockchain fully integrated with necessary tools such as digital asset wallets, blockchain bridges, smart contract development kits, RPC infrastructure, and many other utility services. This helps save not only time but also deployment and operational costs.
Not stopping at network creation speed, VBSN also ensures powerful performance: each Layer 1 can achieve 2,000 to 60,000 transactions per second (TPS), and when optimized, this number can reach 300,000 TPS - on par with top global blockchain systems. Specifically, VBSN owns 6 parallel Layer 1 blockchains, capable of connecting with international blockchain platforms, meeting diverse needs across sectors from finance, logistics, healthcare, education to government management.
Dr. Thuat emphasized: "Even traditional businesses without in-depth blockchain programming teams can quickly create their own blockchain infrastructure, expanding applications into the digital asset field without technical barriers."
The VBSN launch event took place against the backdrop of a heating global race to develop national blockchain networks. The United States under President Donald Trump is applying a more open policy towards the digital asset industry, creating conditions for blockchain projects domestically and internationally. In Europe, EBSI continues to expand its scale, while China is strongly promoting BSN. With VBSN, Vietnam has officially entered this arena with a significant competitive advantage: lightning-fast deployment speed.
