CrossHub said it has signed agreements with major Vietnamese national universities to link blockchain-based digital identity verification with payment services, stepping up its push into Southeast Asia’s education and public-sector markets. The company said it signed memorandums of understanding at the Hanoi IT Support Center of the National IT Industry Promotion Agency with the University of Danang’s College of Education, Vietnam National University, Hanoi, and Vietnam National University, Ho Chi Minh City, to introduce digital student IDs.
CrossHub said the project goes beyond replacing physical student cards, aiming to build an “integrated campus platform” that combines decentralized identity (DID) technology with payment functions. It said students would be able to use a single digital ID for access control, administrative services and payments, with functions rolled out in stages.
The planned rollout would cover more than 210,000 students, faculty and staff, the company said: about 70,000 at the University of Danang’s College of Education and about 140,000 across the two national universities in Hanoi and Ho Chi Minh City. CrossHub described it as a large-scale digital transition for Vietnam’s higher-education sector, with potential to spread as a standard model.
CrossHub said it will work with South Korean systems company Daeyang CIS. CrossHub will build the blockchain software and authentication infrastructure, while Daeyang CIS will supply on-site hardware such as IoT-based terminals, access devices and an integrated control system. The company said the combined approach is intended to improve stability and scalability.
CrossHub also pointed to policy support from local government. It said Da Nang is known to be discussing measures to provide operating infrastructure, including office space, free of charge for up to seven years if CrossHub sets up a local subsidiary, along with a plan for about nine years of corporate tax exemptions.
The company said the system could later expand beyond campuses into public and urban infrastructure if it operates reliably, citing possible applications in transportation, public services and local retail payments. It noted the Vietnamese government is pursuing digital transformation and smart-city development as key policy tasks, and education institutions often serve as a starting point.
CrossHub said it is currently based at the National Innovation Center in Hanoi and plans to finalize the headquarters location for a joint venture in June. It also said it is pursuing an artificial intelligence research open lab at Vietnam National University, Ho Chi Minh City.
The company said it is also pursuing global expansion, with plans to establish a local corporation in China’s Shandong province in May, adding an Asian hub to its existing presence in North America, Europe, Japan and Singapore. CrossHub said it aims to complete the establishment of six overseas corporations within this year to build its global business base.
업계에서는 이번 프로젝트를 한국 블록체인 기반 인증 기술이 ‘실사용 인프라’로 해외 시장에 적용되는 사례로 보고 있다. 특히 교육기관이라는 대규모 사용자 기반에서 검증될 경우, 향후 공공·금융·헬스케어 등 다양한 분야로 확산될 수 있는 레퍼런스를 확보하게 된다는 점에서 전략적 의미가 크다는 분석이다.
* This article has been translated by AI.
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