VeChain, a prominent blockchain project, has revealed its participation in the highly anticipated Mobile World Congress 2024 (MWC2024) in Barcelona, Spain. The CEO of VeChain, Sunny Lu, will be delivering a speech at the event on February 28th. Lu will be joined by Nobel Laureate Sir Konstantin in the “Partners to Game Changers” keynote track.
Despite limited information about the exact focus of Lu’s presentation, the VeChain community is eagerly speculating on what he might discuss. Some anticipate a strategic partnership with renowned brands, while others, like crypto commentator Marcel Knobloch, known as Collin Brown, expect the presentation to center around supply chain and tracking or surprise the audience with unexpected topics. Knobloch also confirmed that Jim Dukhovny, the founder of AlefAeronautic, will be sharing the stage with Lu. The Mobile World Congress will take place from February 26th to February 29th.
The Mobile World Congress is recognized as one of the most influential telecom and connectivity events in the world. With an expected attendance of 90,000 individuals, the MWC attracts key players, decision-makers, and innovators from various telecom sectors, including device manufacturers, mobile service providers, technology providers, and digital services.
The theme for the 2024 Congress is centered around powering connectivity, and Snowflake is among the sponsors. Phil Kippen, the Global Industry Leader at Snowflake, expressed excitement about the MWC2024, emphasizing the convergence of platforms and AI technology in transforming telecom operations and providing solutions to real-world challenges. Kippen and his team look forward to showcasing the value Snowflake brings to leading telecom companies and fostering innovative solutions and partnerships for a resilient and sustainable industry.
VeChain has gained significant traction over the past few years as one of the fastest-growing blockchain projects, with numerous real-world use cases spanning various industries. In November 2023, the project obtained a US patent to further its commitment to pioneering solutions. Additionally, VeChain announced a strategic collaboration with Walmart China, resulting in the launch of 23 product lines.
Walmart’s exploration of blockchain traceability began in 2018 when the retail giant successfully traced over 25 different products, including mangoes, leafy greens, and dairy products, back to their origins. By 2019, Walmart leveraged blockchain technology to enhance traceability throughout its supply chain, laying the foundation for more transparent and efficient operations.
The announcement of VeChain’s participation in the Mobile World Congress has generated significant market enthusiasm, leading to a 4.7% surge in the price of VET in the last 24 hours and a 13% increase in the last seven days. With a bullish sentiment and a market cap of $2,288,302,433, VET is currently trading at $0.03144.
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