According to Chainalysis 2025 data, a staggering 73% of cross-chain bridges have vulnerabilities. This statistic highlights the pressing need for robust solutions, particularly in emerging markets like Vietnam, where businesses are turning towards HIBT (Hybrid Inter-2449″>2543″>Blockchain Technology) for cross-chain interoperability.
Let’s think of HIBT as a busy street market where different vendors (blockchains) sell a variety of goods (assets). In this market, customers (users) want to easily trade goods between different vendors without worrying about quality or safety. HIBT acts like a trusted marketplace organizer, ensuring that trades are secure and that customers know what they are getting.
Vietnamese businesses are adopting HIBT to improve cross-chain interactions. For example, a manufacturing company might use HIBT to seamlessly move assets between a blockchain that tracks production and one that handles sales. This is akin to using a currency exchange to easily convert money from different countries.
Using HIBT, businesses can enhance efficiency and reduce transaction costs, but there are still risks involved. Imagine you’re buying fruits in the market; while some vendors offer fresh produce, others might sell stale ones. Businesses must ensure they select reliable HIBT implementations to avoid potential pitfalls.
Looking ahead, by 2025, we expect to see more regulations, especially in Southeast Asia, shaping how businesses utilize HIBT systems. As with new laws in Singapore for DeFi, Vietnam will likely see similar updates that could affect cross-chain usage.
In summary, as Vietnam businesses increasingly adopt HIBT for cross-chain interoperability, they are enhancing the safety and efficiency of blockchain transactions. To learn more and ensure your security in these transactions, download our toolkit.