“Instant Blockchain Creation: The Power to Forge Layer 1 Chains in Under an Hour”

The Vietnam Blockchain and Digital Asset Association (VBA) and 1Matrix Company recently organized a training session on the topic of “Legal Framework and Identification of Crypto Scams” in Hanoi.

During the program, representatives from 1Matrix also introduced the initial results of the Vietnamese Blockchain Multi-chain Service Network (VBSN) – a government-assigned task aimed at achieving complete Vietnamese ownership of data and technology.

According to Dr. Do Van Thuat, Director of Blockchain Solutions and Architecture at 1Matrix, the Vietnamese Blockchain Multi-chain Service Network (VBSN) is similar in nature to EBSI (European Blockchain Services Infrastructure Network for 29 European countries) and BSN (Chinese Blockchain Service Network).

VBSN is designed with a 5-layer architectural model, offering comprehensive blockchain solutions that are low-cost, easy to deploy, and customizable to meet specific needs. It serves both public and private enterprises and organizations.

Dr. Thuat also revealed that each Layer 1 network in VBSN achieves a transaction speed of 2,000 – 60,000 TPS (transactions per second, customizable based on enterprise needs and goals) and can reach a maximum of 300,000 TPS.

Notably, VBSN does not rely on a single Layer 1 but instead builds six blockchain layer-1s, integrating existing blockchain platforms worldwide with various consensus and decentralization mechanisms to optimize benefits for diverse fields and requirements.

According to Mr. Thuat, the Multi-chain Blockchain Service Network aims to provide comprehensive and low-cost solutions for public and private sectors.

“Previously, enterprises might have spent tens to hundreds of thousands of dollars and one to three months to code a new Layer 1. Now, with VBSN, they can create a completely new Layer 1 in less than an hour,” emphasized Mr. Thuat.

As per 1Matrix’s representative, this Layer 1, once initiated, comes integrated with multiple utilities and toolkits, such as Crypto Asset Wallets, Bridges, Smart Contract Development Kits, and RPC Infrastructure, significantly saving time and operational costs.

“Particularly for traditional enterprises and organizations, it is now easier to venture into the blockchain and digital asset domain, even without specialized technical personnel,” asserted Mr. Thuat.

Earlier, Mr. Pham Duc Trung, Chairman of the Vietnam Blockchain Association and Chairman of the Board of Directors of 1Matrix Joint Stock Company, revealed that the company is working with Viettel, CMC, and FPT to develop cloud services and build bridges to two international blockchain networks in Europe and China.

The company is also actively seeking high-quality human resources through the VietChain Talents Blockchain Talent Search Contest, offering a record prize of VND 3.5 billion. The contest has selected 51 semi-finalists. The Layer 1 topic accounts for the highest proportion, at nearly 35%, followed by Blockchain Traceability at 32.5%. Crypto Asset Exchange CEX/DEX topic accounts for 21.5%, and Blockchain Bridge topic records 11% of the total entries.

1Matrix Joint Stock Company officially launched in March 2025 with a charter capital of VND 200 billion. The shareholders include One Mount Group (belonging to the ecosystem of billionaire Ho Hung Anh) contributing 60% of the capital, Mr. Ho Anh Minh (son of billionaire Ho Hung Anh) directly contributing 10% of the capital, and Decom Holdings – a company owned by Mr. Phan Duc Trung contributing 30% of the capital.