VBSN: Vietnam Blockchain Hits 300,000 TPS, Digital Economy Potential

VBSN: Vietnam's Multi-Chain Blockchain Network Achieves 300,000 TPS, Shaping the Future Of The Digital Economy

 

The Vietnam Multi-chain Blockchain Service Network (VBSN) is asserting its position as a crucial strategic digital technology infrastructure for the nation. With impressive achievements in just 10 months of implementation, VBSN not only sets new standards for transaction processing speed but also embodies the 'Make in Vietnam' vision in mastering core technology and fostering sustainable digital economic development.

 

Origins And Strategic Steps Of VBSN

 

VBSN is a strategic initiative designed by 1Matrix Company, with consultation from Boston Consulting Group (BCG) and development orientation from the Vietnam Blockchain Association (VBA). The project was implemented as committed at the 6th National Forum for the Development of Vietnamese Digital Technology Enterprises in January 2025.

 

By October 2025, VBSN had completed 6 foundational Layer-1 Blockchains, marking a significant milestone in its development. The launch event of VBSN received keen interest and high appreciation from senior Party and Government leaders, who emphasized the network's potential to increase labor productivity and state budget revenue for Vietnam.

 

Breakthrough Architecture And Core Technology

 

VBSN operates on an advanced 5-layer architecture, built upon experience and inheriting from successful global blockchain networks such as the European Blockchain Services Infrastructure (EBSI) and the China Blockchain Service Network (BSN).

 

VBSN has successfully built 6 foundational Layer-1 blockchain networks, integrating various decentralization and consensus mechanisms to optimize for different sectors and needs.

 

The special architecture allows enterprises to launch an entirely new Layer-1 in less than 1 hour. This significantly saves time and costs compared to traditional methods, which typically cost hundreds of thousands of USD and take 1-3 months.

 

Each created Layer-1 comes with essential utilities and toolkits pre-integrated, such as crypto wallets, bridges, smart contract development kits (SDKs), and RPC (Remote Procedure Call) infrastructure.

 

The ability to quickly create Layer-1s and the pre-integrated toolkit are key factors helping VBSN lower the barrier to entry for businesses, even those without specialized blockchain technology teams.

 

World-Leading Transaction Processing Speed (TPS)

 

VBSN announced achieving a maximum processing speed of up to 300,000 transactions per second (TPS), a figure among the highest in the world today and noted as superior to Solana – one of the fastest blockchains globally.

 

With 300,000 TPS, VBSN is asserting its leading position in providing high-performance blockchain infrastructure, opening up vast application potential for many industries.

 

The stable operating speed of VBSN will vary depending on the use case and specific network type:

 

   • General stable speed: Approximately 20,000 - 40,000 TPS.

 

   • Application networks for traceability, insurance, micro-payments: Achieve a stable speed of about 50,000 TPS, potentially reaching a maximum of 300,000 TPS.

 

   • Micro-payment sector: Achieves a stable speed of 10,000 TPS, with a peak speed over 100,000 TPS.

 

   • Sectors such as banking and finance, DID (Decentralized Identity), healthcare, education: Achieve a maximum speed of 10,000 TPS.

 

Comprehensive Application Capability: From Government To Enterprises

 

VBSN is designed for broad application, targeting both public and private sectors, to accelerate the national digital transformation process.

 

In the public sector:

 

Proposed for pilot implementation in Da Nang and central agencies.

 

Key applications include: digital identity, land management, diploma verification, inter-connected data traceability, digital government, smart cities, financial centers, and high-tech public services.

 

Helps reduce the risk of data congestion and enhances operational capacity in the digital government model.

 

In the private sector:

 

Many large corporations are researching applications, including giants in finance and real estate such as Techcombank, One Mount, Masterise, Dragon Capital, SHB, MSB, and T&T Group, Techcom Securities.

 

Applications focus on enhancing data management, improving system efficiency, and supporting new digital business models.

 

Strong Ecosystem And Strategic Partners

 

The VBSN project is driven by a strong ecosystem, including leading partners:

 

   • Core ecosystem: Techcombank, One Mount Group, Masterise Group, Techcom Securities.

 

   • Reputable technology partners: SotaTek, NCC, CMC Telecom, Sunteco, Amazon Web Services, True IDC, AlphaTrue.

 

   • Investment commitment: One Mount Group has committed to investing 200-500 million USD to develop the "Make in Vietnam" Layer-1 blockchain network and build the national blockchain infrastructure.

 

Vision And Strategic Significance Of VBSN

 

VBSN represents Vietnam's strategic advancement in mastering blockchain technology, similar to other major countries that have developed their own blockchain infrastructure. This helps ensure data sovereignty, reduce dependence on international platforms, and create a technology environment owned by Vietnamese people.

 

The long-term goal is to establish Vietnam as one of the leading countries in the region with international standing in the blockchain industry by 2030, according to the National Blockchain Strategy issued by the Prime Minister.

 

VBSN is not just a technology project; it is also a symbol of Vietnam's aspiration to master the digital future and affirm its position on the global technology map.

 

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.