Will VeChain Grow Even Stronger in China?
Yesterday VeChain (VET) have announced that they will take part in the World Artificial Intelligence Conference. This event which will take place online between July the 9th â 11th and, is organized by the Shanghai Municipal People's Government. The VeChain Foundation posted about the event and their attendance on Twitter.
Organized by the Shanghai Municipal People's Government, the World Artificial Intelligence Conference will be held from July 9 to 11. #VeChain will be opening the blockchain session of the conference with a keynote, showcasing our industry leading tech. https://t.co/Z0uRcgLHmkâ VeChain Foundation (@vechainofficial) July 3, 2020
The World Artificial Intelligence Conference will also have some big names in the world of tech attending. TenCent, Microsoft, and Amazon AWS have been listed as strategic partners. The topics being discussed are primarily "AI for good" and the globalizing trends of AI technology, industry, and application.
VeChain will host the first blockchain related session, titled: "blockchainize the future, power the economy".
VeChain & the Markets
VET has had an impressive month. Its price increased from $0.00670947 to $0.01357125, a 100% price increase in the last 30 days.
It has also increased in value versus Bitcoin and is currently trading at 0.00000160 BTC. Following its rise it is currently ranked #20 on CoinMarketCap and #21 on CoinGecko.
Seeing that VeChain is primarily an enterprise focused blockchain that enhances supply chain management, recent news might have pushed the price upwards. That might include a recent partnership with a Cyprus-based hospital and that the German Federal Office for IT Security highlighted VeChain.
Should VeChain end up with interesting collaborations or partnerships from the conference, it could continue its rise.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado