Vietnam’s leading IT firm FPT Software and Tokyo-based IFA Co., Ltd. (IFA) have formed a business alliance to develop an information banking platform. The platform, AIre Data Bank, expects to enhance the data exchange experience with the utilization of blockchain technology.

Many businesses and services rely on data to operate, but how to exchange data fairly and safely remains a challenge. With the development of AIre Data Bank, FPT Software and IFA look to offer a marketplace that enables secured and transparent transactions of data and rewards between “sellers,” who provide a variety of personal data, and “buyers,” who purchase data for marketing and other purposes.

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