Wednesday, October 5, 2022
News
NEWS HOME
»
PRN INDIA
SotaTek: Real-life Use Cases of Blockchain Adoption that Gets your Mindset Right
  SocialTwist Tell-a-Friend  
   

HANOI, Vietnam, Aug. 11, 2022 /PRNewswire/ -- Blockchain has recently been a trendy buzzword, not just for tech-savvy people, but also for the general public. Every year, thousands of new Blockchain projects are launched with the ambition to conquer the new peak of this promising technology.

Previously, when hearing the "Blockchain" term, people may immediately think of cryptocurrencies used for financial and investment purposes. From their perspectives, Blockchain is an advanced technology that is hardly adopted in real life. However, according to Mr. Le Minh Tuan (Tommy Le), CEO & Co-founder of SotaTek, Blockchain Technology can be leveraged in traditional economic sectors such as Agriculture, Healthcare, Education, Entertainment, etc.

SotaTek jumped into Blockchain in late 2016 and had been through the "Blockchain Boom '' of 2017, 2018, and 2019. Currently, SotaTek owns 1000+ experienced employees and cooperates with a variety of global firms such as Algorand, Klaytn Foundation, Cardano Foundation, Near, Kyber etc as a long-term and strategic Technology Partner. We help clients effectively adopt Blockchain Technology while optimizing operating costs.

What's the Right Approach to Apply Blockchain Technology in Multi-industries?

Blockchain technology improves accountability and efficiency across many businesses in various industries. Hence a reason why more and more companies apply it into reality, especially top Blockchain Development Firms who can master the techstack, choosing the right adoption of both public blockchain and private blockchain. Since not everyone can have this right approach, it is essential to have a right mindset towards it, especially with real case study. Let's take a look at some successful Blockchain projects of SotaTek, Top Blockchain Development Company in Asia Pacific, to get a deeper understanding.

1. Blockchain Use Cases in Education

While fake diplomas were an emerging problem in the education sector, SotaTek was proud to be chosen as a trusted tech partner by the Ministry of Education and Training (MOET Vietnam)  to create a system for storing large numbers of certificates and solve the issue of forged diplomas.

Starting in 2020-2021, all degrees given by training institutions from high school to university level would be included in the National Diploma System, according to the Ministry of Education and Training's proposal.

With many years of experience in Blockchain applications development, SotaTek took on the task of planning, designing, developing, and putting this system into operation.

After 2 months of implementation with 23 technology experts, the application has officially been put into operation. It's perfectly suited for managing, authenticating, and using information from diplomas while also saving administrative costs & offering strict management.

With the strategic cooperation between SotaTek and MOET Vietnam, fake degrees won't be able to appear or be verified on the system. Since then, the problem of forged diplomas will be gradually pushed back and completely eliminated in the future. This is also the first time the Blockchain application has been put into use by the Vietnamese Government, marking an important milestone in the development of this industry.

2. Blockchain Use Cases   in Healthcare

In 2019-2020, during the stressful early stages of the Covid-19 pandemic, countries throughout the world must immediately universalize immunization in order to limit deaths and community transmission. However, as people's movements are extremely complicated, managing their immunization information faces several challenges.

Understanding the importance of information storage, the Ministry of Health of a Southeast Asian country  started pushing our clients (customers who require information security) to find a solution to manage citizens' movement history and vaccination information

That's why customers came to SotaTek and expected us to support them as a technology partner. After 3 months of research and testing, SotaTek's Blockchain experts have successfully launched the "Application for Public Vaccination Management".

Here are the working processes of this app: When users enter their Covid-19 vaccination information into the program, the system determines which public areas they have moved to (stores, schools, hospitals, etc) and updates their vaccination status. Following that, all data will be sent to the Blockchain system, which is optimized for absolute security. This app also provides a management admin page for correctly locating a specific user's movement history information when they are infected with Covid-19.

The application was instantly implemented for 32 million people nationwide, assisting the government in controlling the number of people infected with COVID-19 as well as their travel history, therefore restricting the disease's spread.

3. Blockchain Use Cases in IDO Launchpad

In the Launchpad field, SotaTek has supported our clients to develop Red Kite  - a platform used to build decentralized applications, which are able to connect with the DeFi and Web 3.0 ecosystem using Blockchain Technology.

With over 10 years of experience in collaborating with international firms, SotaTek's 12 tech experts took charge of this project with these main programming languages: React, Node JS & Solidity.

After 4 months of researching and developing with our experts, Red Kite was launched and successfully met the demand of IDO investors. Moreover, Red Kite was recognized as Top Rated IDO Launchpad for the Crypto Firms, making it one of the best launching platforms for Defi projects built on Ethereum Blockchain, Binance Smart Chain, and other platforms.

4. Blockchain Use Cases in Entertainment

While the future of the video game industry is witnessing a lot of new games after a big hit of NFT, MetaMerge stands out as the GameFi hybrid game that combines traditional games and games on one Blockchain platform. IT developers behind MetaMerge expect that the game can solve the existing zero-sum game problem and open a new direction for the Blockchain game series in the future.

Blockchain developers at SotaTek and the game studio BBOLD have collaborated to map out a strategic plan, aiming to create the world's top quality Blockchain game, which is widely popular on electronic and mobile software.

MetaMerge is a blockchain-based merge game that allows players to collect tokenized assets in the form of tokens and non-fungible tokens (NFTs). MetaMerge players will take the role as the owner of a magical land to explore, build and protect their own islands. MetaMerge aims to be a top world game that allows players to interact with friends through in-game social methods and PvP combat.

5. Blockchain Use Cases in Manufacturing

In the past, the manufacturing industry in Vietnam was believed to hardly adapt to the speedy   development of Blockchain technology, but now this industry is experiencing such an extremely positive transformation.

One of the most optimal Blockchain solutions introduced into the manufacturing industry by SotaTek is the "Used Vehicle Query Application", resulting from a 12-week-research by SotaTek's software engineers.

The application was built by 11 Blockchain developers to retrieve information of sold vehicles along the value chain, enabling buyers to approach transparent information about vehicles, contributing to meet the current needs of customers. In particular, the application also allows distributors and used car dealers to know exactly where the product is having problems in the production chain and, thereby, minimize the average repair time.

Currently, the blockchain application has been trusted by 2000+ reputable sold motorbike distributors in Vietnam and 800+ distributors in the Asia-Pacific region.

SotaTek - A Trusted Blockchain Development Partner for Businesses

Currently,  the blockchain application has been trusted by 2000+ reputable sold motorbike distributors in Vietnam and 800+ distributors in the Asia-Pacific region.

After removing barriers to consider Blockchain as virtual currency, this technology can be flexibly applied much more. With SotaTek, Blockchain is the future of the digital economy, therefore, one of the top priorities of the SotaTek Board of Directors in the sustainable development strategy is to focus on deploying multi-industry solutions to support partners in all industries such as Health, Manufacturing, Education, Insurance, Law…

With 1000+ technology engineers, over the past 7 years, Sotatek has cooperated with 25 countries and successfully implemented 500+ projects for global customers. Currently, SotaTek owns the largest Blockchain development workforce in Southeast Asia. We believe that, with our technology capabilities, SotaTek will be a reliable companion and a trusted partner to bring the most perfect and optimal solutions for your business.

Learn more about SotaTek Blockchain projects here: https://www.sotatek.com/portfolio/

Photo - https://mma.prnewswire.com/media/1875803/Mr_Tuan_shared_Blockchain_case_Education_SotaTek_s_project_Ministry_Education.jpg

More News by PR Newswire India

INFANTINO AND BECKHAM HAIL ASPIRE ACADEMY AS INTEGRAL TO QATAR'S WORLD CUP LEGACY AS GLOBAL SUMMIT 2022 ENDS

Celigo Opens APAC Headquarters Amid Record Growth in Region

PARADISO, BARCELONA IS NO.1 AS THE WORLD'S 50 BEST BARS 2022 ARE REVEALED

infodas receives NITES certification from the Cyber Security Agency of Singapore

Automation Anywhere and the Center for Humanitarian Technology Launch 'Telegram for Humanity' Bot to Aid Refugees in Ukraine

Pomerantz Law Firm Opens London Office

Sphera Completes Previously Announced Acquisition of riskmethods, a Leader in Artificial Intelligence Supply Chain Risk Management Software

Hard Rock International Celebrates 23rd Annual PINKTOBER Campaign by Partnering with World-Renowned Chef Dominique Crenn

World's Fastest Growing Staking Service Provider Born out of Lugano, Switzerland

Firmenich Annual General Meeting 2022

Unispace: Data reveals Gen Z rely on the traditional office more than any other generation

Information Office of Beijing Municipal Government' Features: "My Beijing, My Story" Depicts the Lifestyle of People Living in Beijing

Automation Anywhere Unveils the Automation Success Platform with a Surge of Innovations

Deloitte Named a Leader in Worldwide Industry Cloud Professional Services by the IDC MarketScape

HAVAS HEALTH & YOU APPOINTS PAUL PFLEIDERER AS PRESIDENT OF HAVAS LIFE NEW YORK

Solace Launches Event Portal 2.0, Addressing the Biggest Challenges Enterprises Face in Designing, Managing and Governing Event-Driven Architecture at Scale

IMG Appoints Amanda Winkle as Chief Operating Officer

Vinco Ventures Announces Ross Miller as CEO and Settlement of Litigation

RevitaLash® Cosmetics Champions Breast Cancer Awareness, Research, and Support Worldwide with 2022 Pink Program Announcement

Aspire Academy and FIFA Kick Off the 8th Global Summit with high profile FIFA guests David Beckham and Wenger

EvolveWare Facilitates Non-disruptive Application Modernization with Industry's First and Only Agile Business Rules Extraction Solution

Stamus Networks Signs Reseller Agreement with EliteVAD

China Matters' Feature: How Does Basketball Shape Dongguan's Sports Culture?

Altair Presents Open, Flexible, and Scalable Total Digital Twin Solution

IZUMA NETWORKS ACQUIRES PELION'S DEVICE MANAGEMENT BUSINESS

Globalization Partners Rebrands as G-P and Reaffirms its Promise to Make a Global Workforce Possible for Growing Companies

Secureworks State of the Threat Report 2022: 52% of ransomware incidents over the past year started with compromise of unpatched remote services

First-of-its-kind government-industry partnership announced between Deakin University, Australia and Ministry of Education and Ministry of Skill Development and Entrepreneurship, Government of India

LyondellBasell Catalyst Production Expansion Adds Life to Infrastructure Projects

BE EVERYTHING - A new chapter opens in the story of United Colors of Benetton: new creative director, Andrea Incontri presents his first fashion show

PwC announces record global revenues of US$50 billion

Challenge the Highest Level of <MIR4>! A New Content, Hell Raid, Unveiled

Leading Gaming technology provider Quixant announces the launch of new cabinet offering

StoreHippo® launches Mystore Buyer and Seller Apps for ONDC

Cambrex Announces Stability Storage Expansions in Ireland and Belgium

TimesPro collaborates with IMT Hyderabad to launch programmes in Business & Retail Management

Industrial Transformation ASIA-PACIFIC 2022 returns to catalyse sustainable growth for advanced manufacturing in the region

The PI Group and Averna Announce their Partnership

Academic partnerships in focus, Global Education Summit commences at Chandigarh University

UST and Mendix Collaborate to Accelerate Low Code Development in Spain

Nestlé launches NESCAFÉ Plan 2030 to help drive regenerative agriculture, reduce greenhouse gas emissions and improve farmers' livelihoods

Ingenico Launches as Independent Company Following Acquisition by Apollo Private Equity Funds

Stockify announces single-window online service to buy unlisted equities

Manipal Hospital Whitefield's Exclusive Take on Minimally Invasive Advanced Surgical Procedures (MIAS)

THE LEELA PALACES, HOTELS AND RESORTS PARTNERS WITH RAJASTHAN POLO CLUB FOR ITS INAUGURAL SPONSORSHIP OF THE ROYAL SPORT IN INDIA

CLO Virtual Fashion Announces the Acquisition of GoVise Technologies

Education Cannot Wait Announces US$11.8 Million Catalytic Grant in Haiti

DXC Technology Calls for Latest Innovations from Insurance Startups and Scaleups across Asia Pacific through the DXC Invitational

Global AdTech Company TripleLift Names Dave Clark as New Chief Executive Officer

Navneeth Sulakhe joins Innoviti as Senior VP Human Resource Management

KEI Wires & Cables Hosts Real Kabbadi League Season 2

Automation Anywhere Secures $200 Million in Financing from Silicon Valley Bank and Hercules Capital

2022 World Trade Centers Association Member Forum Returns to New York City for First Time in Two Years

TATA POWER REINFORCES COMMITMENT TOWARDS GREEN ECOSYSTEM CONSERVATION ACROSS ITS RENEWABLE SITES

Azure Power wins the prestigious Golden Peacock Award for Sustainability

FANDOM ACQUIRES LEADING ENTERTAINMENT & GAMING BRANDS INCLUDING GAMESPOT, TV GUIDE AND METACRITIC

National Engineering Industries Ltd (NBC Bearings) honored with 'Iconic Brands of India 2022'

Celebrating Glorious 35 Years of BIMTECH

HABANOS, S.A. PRESENTED THE MONTECRISTO WIDE EDMUNDO IN WORLD PREMIERE IN SPAIN

Sanjay Ghodawat Foundation awarded The Mahatma Award 2022

STL announces Gram Galaxy - India's first integrated solution to connect villages with fibre

DEBIOPHARM REINFORCES THE BOND BETWEEN SWISS AND JAPANESE CANCER RESEARCH WITH THE 2022 JCA MAUVERNAY AWARD CEREMONY

Healthium Medtech amongst the first in Asia and first Indian Medtech Company to receive CE certification under the EU MDR (European Union Medical Device Regulation) norms for Class III implants

Jagadguru Kripalu Parishat holds Grand Rath Yatra on 3rd October 2022 near Kunda, Pratapgarh in honor of the 100th Birth Anniversary of Jagadguru Shri Kripalu Ji Maharaj

Addteq APAC Announces Rebranding, Changes Name to Enreap

Karwa Chauth 2022: FlowerAura Is All Geared Up To Enhance The Celebrations

DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR FOR EIGHTH CONSECUTIVE YEAR

New Book Property Tax in Asia Provides the First Comprehensive Analysis of the Property Tax Across the World's Largest Continent

UN WOMEN'S HeForShe EXPANDS MOVEMENT THROUGH KEY PUBLIC AND PRIVATE PARTNERSHIPS IN EAST ASIA

STL unveils 5G cosmos to help Indian telcos fiberise their networks for 5G

STL launches Multiverse - India's first Multicore fibre and cable; aims to revolutionize the optical landscape

Tejas Networks successfully demonstrates end-to-end network based on its indigenous 4G/5G wireless, optical and satellite products

IIIT Hyderabad and Silicon Labs Launch Campus-wide Wi-SUN Network for Smart City Applications

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Punjab DG sets up SIT to unravel conspir...
Don't make farmers beg, Goa Forward tell...
Lalu asked me to become minister, he ask...
CBI's 'Operation Chakra' against cyber e...
Delhi Police get three-day custody of 4 ...
Three of a family injured in acid attack...
More...    
 
 Top Stories
21-year-old deputy in Florida shot ... 
Keralotsavam celebrated in Saudi Ar... 
Abducted Indian-origin family in Ca... 
BJPs' step is 'draconian', says Gau... 
EAM Jaishankar to begin his visit t... 
Pakistan PM Shehbaz calls Imran Kha... 
13 people who got duped in Thailand... 
Uttarakhand: 16 people rescued so f...