Author: Wang Yanhua
HO CHI MINH — On the first day of Blockchain Festival Vietnam, Hubery Yuan, dean of Huobi Academy of Blockchain Application, shared Huobi’s ‘2018 H1 Global Blockchain Industry Overview and Prospects’ report to an audience of nearly a thousand people.
The report comprehensively analyses the blockchain industry in the first half of 2018, covering digital assets, regulation, industry, and technology.
Yuan told Block Asia, “Huobi is doing this as it wants to develop the blockchain industry. To us, healthy development of the industry is very important. As Huobi is a very big player, it has the responsibility to play such a role.”
Huobi Academy was set up in March this year by Huobi, who is one of the largest cryptocurrency exchanges in the world.
Its aim is to provide a solid theoretical basis for projects and to promote the development of the entire blockchain industry.
“This is not for profit. It’s like a form of public service,” Yuan added.
Yuan also told Block Asia about other aspects of Huobi Academy’s work.
He said, “We are having many collaborations with universities globally. We have lectures and training for them. Many students have questions about blockchain and want internship opportunities, or they want to start their own businesses. Huobi invests in some of their new projects as well.”
ENTRANCE TO VIETNAM
Blockchain Festival Vietnam is also organised by Huobi to mark its entrance into the Vietnamese market. After presenting his report, Yuan shared about why Huobi is entering Vietnam.
“Vietnam is a country where traditional finance is under-developed, which to some extent gives great room for emerging crypto finance like Bitcoin to spread quickly with fewer obstacles,” he said.
He sees a lot of promise in Vietnam. He said, “Vietnam is a very young market with 40% of the population less than 24 years old. Such an age structure offers a better chance for the country to accept new concepts and innovations.
“Today we are seeing more and more people of the younger generation in this country willing to explore crypto assets.
“Bitcoin participants in this country doubled from 30,000 people in 2016 to 60,000 people in 2017. Along with increasing mobile penetration rate, we expect to see the market grow further at high speeds in the future with more people owning digital wallets.”
Yuan, who is 34 years old, previously worked in the cyber security field before joining blockchain. He told Block Asia, “It’s all very exciting and busy. I’m even busier here than when I was in security.
“I think it’s the future. It will change the world.”