Vietnam launches Layer1 blockchain 1Matrix to enhance digital independence

According to Coin Track Daily, Vietnam has launched an ambitious project called 1Matrix, aiming to develop the country's independently developed Layer 1 blockchain. The project is jointly promoted by well-known institutions such as Techcombank, Techcom Securities, Masterise Group, and One Mount Group, and has now partnered with the Vietnam Blockchain Association (VBA).

Unlike Vietnam's previous Layer 1 blockchain platform Ronin, developed by the gaming startup Sky Mavis, 1Matrix is designed as a multifunctional blockchain intended to serve the strategic priorities of multiple industries in Vietnam. The project carries not only technical significance but also a nationalistic tone, aiming to enhance data sovereignty, strengthen cybersecurity, and elevate Vietnam's position on the global stage.

As a core project under the "Made in Vietnam" concept, 1Matrix has received high-level support, including from Lieutenant General Dang Vu Son, former head of the Government Cipher Committee, and has established a strategic alliance with the Boston Consulting Group.