Kardiachain and the District 5, Ho Chi Minh City Youth Union have signed a comprehensive cooperation agreement regarding the application of blockchain technology. More specifically, Kardiachain and the Youth Union have begun implementing technological solutions to digitize user data, building applications for over 60,000 young people. Kardiachain and the Youth Union aims to standardize blockchain technology in the near future, bringing blockchain closer to the mainstream population, especially the young tech savvy population. Our desire for the near future is to apply blockchain technology across the entire organization, not only the Youth Union in District 5, but also other unions across all provinces and cities in Vietnam.
Youth Union Incentive ID App
The application is an initiative powered by Kardiachain aimed at improving and tokenizing volunteering tasks and activities for the union members. The application utilizes Kardiachain’s technology for digitizing, managing membership data, providing IDs for each member, creating a tasks system, and earning incentive points (KAI tokens).
First phase of the YUI will create a new playground for more than 60,000 young people in District 5 of Ho Chi Minh city. The app TuoiTre Q5 — means Youth in district 5, will rollout among high school and college students as well as workers (16–35 years old) within the region. The app encourages a sense of responsibility and participation within social activities, promote the beautiful life movement for the young generation, achieving the Youth Union’s goals through an innovative form of competition, practical exchange of value through the use of KAI tokens in a transparent and convenient manner for improved management and user incentivization: Members will be able to redeem vouchers, courses, etc. with KAI tokens. From the management perspective, this platform will help streamline data collection and various processes such as rating and certificate issuance.