Blockchain technology takes center stage in production, commerce and entertainment

The seminar on “Application of Blockchain Technology in Production, Commerce, and Entertainment” was successfully organized by the Vietnam Blockchain Association (VBA) and GOSU Online Corporation as part of the Vietnam International Trade Fair 2023. The fair, hosted by Vinexad Advertising and Trade Fair Joint Stock Company, featured over 1,600 booths and attracted participants from 20 countries and territories, expecting to draw more than 20,000 visitors from both domestic and international markets.

 Mr. Le Thanh Minh, Chairman of GOSU Online Corporation, stated, “Originating as a traditional gaming company, after a decade of development, we have garnered over 40 million customers. However, the evolution of blockchain technology compelled us to explore beyond traditional boundaries. Since 2018, we have been researching and applying blockchain technology in production, commerce, and gaming. As of now, GOSU has successfully launched five games, namely 9DNFT, Mecha Warfare, Soul Realm, Flashpoint, and Galixcity, along with the educational social network project SIA, all incorporating blockchain technology. Additionally, we are actively developing COGI Chain and the NEMO Platform, anticipating a scale of $100 million by the end of 2025 to serve industry partners.”

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Mr. Le Quy Luong, VBA technology expert and CTO of AlphaTrue Joint Stock Company, noted, “With its immutable, tamper-proof, and decentralized nature, blockchain has become a key technology in production, commerce, and entertainment services, particularly in the gaming industry. For production and commerce, these attributes position blockchain as an electronic ledger optimizing business processes. In the gaming industry, blockchain supports the automation of revenue-sharing processes among involved parties. The direct payment without intermediaries is a significant advantage, fostering rapid and robust development in the gaming industry. Moreover, the emergence of tokens and NFTs creates unique experiences and added value for players.”

 

GOSU Online Corporation, a leading entity in the production and distribution of online games in Vietnam, boasts over 11 years of experience, four game studios, 41 million customers, and more than 40 popular games in both domestic and international markets. Notably, during this event, GOSU officially announced the launch of the game Silk Road Mobile, produced by its Vietnamese studio in partnership with Wemade Max, a global acknowledgment of GOSU’s ability to master complex game technologies comparable to global gaming powerhouses.

In the blockchain domain, GOSU introduced COGI Chain and NEMO Platform, blockchain technology platforms for the online service ecosystem in November 2022. These platforms connect partner entities providing blockchain technology applications for various sectors such as production, goods distribution, logistics, healthcare, education, product origin tracking, and anti-counterfeiting.

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GOSU Online Corporation has also officially become a member of the Vietnam Blockchain Association (VBA) as of December 2023, aiming to expand its activities in this field. Mr. Phan Hong Quan, Head of the VBA Member Committee, commented, “The inclusion of GOSU will help VBA broaden and enrich its network of members applying blockchain in diverse fields, strengthening relationships with reputable partners in production, commerce, and entertainment. For GOSU, joining VBA will expand its operational network, providing additional support and advice on legal, financial, and technological aspects, especially in the blockchain sector the company is targeting.”