Vietnam Launches Self-Developed 1Matrix Blockchain to Enhance Digital Sovereignty

TechFlow reports that on May 10, according to Coin Track Daily, Vietnam has launched an ambitious project named 1Matrix, aiming to develop the country's first domestically developed Layer 1 blockchain. The project is jointly driven by prominent institutions including Techcombank, Techcom Securities, Masterise Group, and One Mount Group, and has now partnered with the Vietnam Blockchain Association (VBA).

Unlike Ronin, the Layer 1 blockchain platform previously developed by the Vietnamese gaming startup Sky Mavis, 1Matrix is designed as a multifunctional blockchain intended to serve strategic priorities across multiple industries in Vietnam. The project carries not only technical significance but also nationalist undertones, 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" initiative, 1Matrix has received high-level support including from Lieutenant General Dang Vu Son, former head of the government's Cryptography Committee, and has established a strategic alliance with Boston Consulting Group.