ASEAN Hydrogen Club – Detailed Report

“Shaping ASEAN’s Blue Hydrogen Future: From Fishing Boats to Blockchain Finance”

Presented by: Dr. Duong Mien Ka, Co Founder of IKONOMY | Date: June 27, 2025 at the VAHC Clean Hydrogen Seminar - Technology and Solutions for Hard-to-Abate Industries and Innovative Financing Model for H2 Project for Fishing Industry in Vietnam and ASEAN

1. Introduction

The ASEAN Hydrogen Club introduces a decentralized, technology-driven, and sustainable solution to modernize marine and road transportation in ASEAN, aiming to reduce emissions and fuel costs while monetizing carbon credits. The core technology ecosystem is built around green hydrogen, IoT, and blockchain.

2. The Problem: A Carbon-Intensive and Inefficient System

2.1 Marine Transport (Fishing Vessels)

• Vessel profile: Mostly wooden, outdated engines.

• Fuel cost share: 45–60% of operating expenses.

• Regional scale:

  • ASEAN: 2.5 million fishing vessels.

  • Emissions: 22 million tons CO₂/month.

• Vietnam specifics:

  • 100,000 vessels = 900,000 tons CO₂/month.

2.2 Road Freight (Heavy Trucks)

• Truck profile: Aging fleet with low fuel efficiency.

• Fuel cost share: 30–45%.

• Scale:

  • ASEAN: ~300 million trucks.

  • Vietnam: 1 million trucks.

3. IKONOMY Vision

Aimed at building a decentralized green marine economy, IKONOMY envisions:

• Plug & Play hydrogen solutions for transport.

• Blockchain-based ecosystems for:

  • CO₂ credit validation/trading.

  • Digital hydrogen payments.

• Scalable, smart, and modular solutions for ASEAN-wide adoption.

4. Strategic Pillars

4.1 Strategy 1: “Reaching Out to the Sea” – E-MARINE

• Target users: Fishing vessels and sea transport.

• Goal: Develop an “Uber of the Sea” using hydrogen-powered retrofits.

• Pilot markets in Vietnam: Quang Ngai, Binh Dinh, Binh Thuan, Vung Tau, Kien Giang, Ca Mau.

• Phases:

  • Pilot ➝ Nationwide ➝ ASEAN Expansion

• Revenue Forecast (Vietnam):

  • 5-Year Target (2024–2028): $100M+ via subscription, maintenance, and consumables.

  • ASEAN Target: $3.5B from 176K units.

4.2 Strategy 2: Hydrogen for Road Transport

• Focus on heavy trucks and logistics fleets.

• Leverages surplus renewable energy (solar, wind) for hydrogen production.

• Modular and scalable fuel supply infrastructure.

4.3 Strategy 3: CO₂ Credit System

• Smart measurement of fuel savings.

• Verified emission reductions.

• Blockchain-integrated carbon credit issuance and trading.

• Supports international CO₂ credit markets.

5. Technology Platform

5.1 Green Hydrogen Production

• Electrolysis Units: S-1000 (solar) & W-1000 (wind).

• Efficiency: Up to 80%.

• Fuel saving: ~25%.

• CO₂ emission reduction: 30%; CO reduction: up to 266%.

• Payback time: 18–24 months.

5.2 IoT Integration (MARINA device)

• Real-time monitoring of:

  • Fuel efficiency

  • System safety

  • Maintenance needs

• Secure data logging and analytics.

5.3 Blockchain & App Ecosystem

• Decentralized transaction layer for:

  • Hydrogen purchase

  • Maintenance services

  • CO₂ credit trading

• IKONOMY App manages operations and data.

• IKT Token: Utility token for payments, rewards, and DeFi integration.

6. Tokenomics – IKT Token

Utility:

• Maintenance and service payments.

• Carbon credit trades.

• Emission reduction rewards.

Future Potential:

• Integration into DeFi platforms.

• Community governance.

7. Implementation Roadmap

8. Founding Team & Expertise

• Quang Nguyen – Chairman, Serial entrepreneur.

• Dr. Ka Duong – Cofounder, Technology & Hydrogen Expert.

• Minh Le – Strategic Advisor, Chairman of Pacific Group.

• Khanh Nguyen – Blockchain Ph.D., Ecosystem Developer.

• Huy Nguyen – CFO with 15+ years of international experience.

• Hien Ma – IoT Specialist and Academic.

The team blends academic knowledge, corporate leadership, and startup agility.

9. Conclusion

The ASEAN Hydrogen Club via IKONOMY is not just a technology pitch—it’s a call to decarbonize maritime and transport sectors using an inclusive, digitally-native green energy model.

With modular hydrogen kits, IoT integration, and tokenized carbon markets, this initiative uniquely fits ASEAN’s complex logistics and economic dynamics—especially in Vietnam.

“From Fishing Boats to Blockchain Finance” isn’t just a slogan—it’s a scalable pathway to ASEAN’s net-zero blue economy.

 

Please write email to contact@vahc.com.vn to receive the full presentation