VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019 - Infinity Blockchain Labs

VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019

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October 18, 2019

Vietnam Blockchain Corporation (VBC) proudly received the first prize of High-Tech Agriculture group in the final round of the contest “AIoT & Smart Cities 2019”.

VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019“AIoT & Smart Cities 2019” is a startup competition organized by Quang Trung Software Business Incubator (QTSC Incubator) held for the first time with the sponsorship of the Ho Chi Minh City Department of Science and Technology, with the support of the Ho Chi Minh City Computer Association (HCA), Bosch Technology Group, Vietnam Computer Association (VAIP) and QTSC Software City officially launch from May to October 2019. The national scale contest for start-up and business communities revolves around the topic of Artificial Intelligence (AI) and Internet of Things (IoT) in Vietnam.VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019

With the desire to reach out to the world, Vietnam Blockchain Corporation set itself a direction to develop blockchain technology solutions for the Vietnamese market and bring these solutions to solve problems in daily life. With this strategy, VBC has researched and developed a solution for traceability of agricultural products along the value chain applying blockchain technology to agriculture to fundamentally improve management capabilities, supervise, produce and process agricultural products through the value chain. The solution, called Agridential, is a value chain traceability solution based on blockchain technology based on GS1 standards. Traceability by blockchain technology helps consumers verify the quality of agricultural products; minimize fraud and risk in the supply chain thereby improving the reputation and brand value for the true businesses in the market. Information is stored in a distributed manner, in multiple copies on the server community but ensuring privacy, not concentrated in one server, so the ability to forge is almost impossible. GS1 standard is a globally recognized standard and is also widely applied by Vietnam. Therefore, the application of GS1 standards in traceability of blockchain technology makes verification easier when exporting to major markets, contributing to increasing product value.

VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019
Agridential application interface

The feasibility of the solution is demonstrated not only by technical tests but also through evaluations when applied to real products. Agridential has been successfully deployed for more than 20 agricultural products throughout the country, typically My Xuong and Dong Thap mangoes are exported to the US market.

Mr. Do Van Long, Director of Vietnam Blockchain Corporation, “We are very proud of the blockchain technology value chain traceability solution that was honored to win the first prize of High-Tech Agriculture group at the final round of AIoT & Smart Cities 2019. This is a testament to the relentless efforts of the staff and VBC’s commitment to sustainable development, to provide blockchain technology solutions for agriculture in particular and the country’s economy in general.”

VBC honored with the first prize of High-Tech Agriculture group in AIoT & Smart Cities contest 2019

“AIoT & Smart Cities 2019” with the goal of providing students, businesses inside and outside the IT-Telecommunications space to exchange and create: share the world’s science and technology trends; Internet of Things (IoT); update the readiness of the startup community before the 4th industrial revolution wave; exchanging experiences about starting a business; inspired ideas – develop products and innovative start-up ideas. Solve specific problems for each business, organized according to orders. The teams that make it to the final round must meet the rigorous evaluation criteria of the Jury, including: (1) Novelty, creativity, (2) Technical and technological application (3) Economic efficiency, feasible in business and (4) Social impact.

The competition has created good effects, attracting ideas groups, startups on AI and IoT across the country to attend. Thereby, raising the awareness level, stimulating creativity and promoting the development of the start-up movement as well as finding breakthrough factors, new ideas, innovative and highly feasible solutions to serve for the development of Ho Chi Minh City and the State.

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