Good things come together with bad things — Whenever there is a failure, there will be an opportunity, a valuable lesson. This philosophy applies to any aspect of life, it encourages people to think and have the right reactions to tough situations. Currently, the world is suffering from COVID-19, which makes a downturn in the economy, endangers the health of thousands of people, and affects millions of jobs. However, this pandemic also teaches us important lessons for facing difficulties, and how to deal with sudden and unexpected circumstances.

Have a contingency plan

Some risks are predictable, and some aren’t such…

WOWTRACE xin thông báo thời gian tổ chức buổi Webinar Blockchain — Hướng Đi Mới Cho Xuất Khẩu Nông Sản Sau Dịch Covid-19 được thay đổi.

Thời gian: 14h30, Thứ Sáu, 5/8/2020

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Invented to make information transparent, automize data handling processes, and eliminate the middleman in business, Blockchain is the revolutionary technology for the 21st century. Blockchain uses distributed ledger to share information among the participants and opens for everyone to access and retrieve data. The ledger duplicates data to every computer in the network and updates data in real-time whenever new information is verified. The rules of handling data in Blockchain is executed automatically by the joining computers following the smart contract, thus, resulting in the eliminating of third-party and significant saving in costs and time. Security is one of the…

Đại dịch COVID-19 đang gây nhiều tổn thất nghiêm trọng cho nền kinh tế thế giới và Việt Nam. Nền kinh tế toàn cầu suy giảm tạo cũng làm giảm nhu cầu nhập khẩu nông sản của các thị trường xuất khẩu truyền thống của Việt Nam. Theo dự báo của Ngân hàng phát triển Châu Á (ADB), ngành nông nghiệp Việt Nam có thể chịu tổn thất đến 487 triệu USD, tương đương 1,1% tổng giá trị xuất khẩu nông sản Việt Nam, nếu tình hình dịch COVID-19 không được kiểm soát.

Hãy cùng các chuyên gia của WOWTRACE…

The Corona pandemic (also known as COVID-19) has continually risen and spread in the world. The confirmed cases recorded by WHO has been increased day after day. Most countries announce the lockdown situation in their countries. Enterprises have stopped working, and employees have to work from home and stay at their homes, avoid going outside unnecessarily. Consequently, the consuming demands that drive the economy to drop down significantly, causing an alert for the economic downturn.

In the stock market, the three major markets take a big hit by the pandemic, the Dow Jones index has dropped 21.9%, Nikkei index drops…

The Asian Development Bank (ADB) has published their forecast for the Asian economy and the impact of COVID-19 pandemic on each industry of several Asian countries. The forecast includes various scenarios from the best case to the worst case. WOWTRACE has summarized the research into this article for a quick update about the estimation of the economic situation during COVID-19. Businesses should be aware of the macroeconomy and have a backup plan for each scenario.


Forecast of GDP and Employment losses from COVID-19 of People’s Republic of China

The giant of the Asian economy, and also the first country to fight with COVID-19 has announced that they have controlled the pandemic. Their…

The COVID-19 pandemic (Wuhan pneumonia) is currently the biggest threat to the global economy and the health of social society. Until now, there are 294,110 cases confirmed to be positive with COVID-19, 12,944 deaths worldwide. Many countries, territories, and cities have announced the lockdown situation and thousands of international and domestic flights are canceled. Governments require their citizens to stay at home and avoid going out. Consequently, many crowded events such as sports events, concerts, exhibitions, etc. have been canceled or postponed. …

Supply chain is one of the most complicated fields that drive the global economy. Typically, a supply chain involves thousands of stages, multiple geographical (international) locations, a multitude of invoices and payments, several individuals and entities, and millions transaction and exchanging of products and services time over time.

The current supply chain is becoming more and more complex. A long time ago, supply chains were relatively simple because international commerce was very small compared to local commerce, but they have grown incredibly complex. When the international economy grew significantly with the revolution of the manufacturing and transportation industries to adapt…

Why Blockchain traceability important

In developed countries, traceability is familiar to consumers, but in most developing countries, this term is quite strange to them. To get anyone on the same page, we would like to define the definition of “traceability”. According to the International Standards Organization, traceability is “the ability to trace the history, application or location of an entity, by means of recorded identifications”. If you feel hard to read whole the sentence and understand it, here is the simpler one for you, traceability just like a tool for consumers or organizations to get tracking information or history of…

What is Blockchain?

Blockchain is the name of new technology for storing, recording, and handling data based on internet protocol. It is first introduced in 2008 as a digital cryptocurrency named Bitcoin, which is the independent form of currency existing digitally. Blockchain is the platform for validating, distributing transactions immutably as a form of encrypted and decentralized ledger. Therefore, Blockchain can operate independently by thousands of computers joining the network.

Blockchain technology is more secure and transparent than traditional technologies. Because all information is encrypted by complicated algorithm and verified by all participants of Blockchain. Every transaction is recorded on…


WOWTRACE is the pioneering blockchain-based solution for the traceability of products for protecting consumers and companies’ brands in Vietnam.

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