Recent VeChain (VET) Price Surge Ahead of Summit 2019 in April May Not Be Sustainable


VeChain will be organizing a new inaugural summit in San Francisco on April 18, 2019. The main intention is to offer participants solutions to expand their networks. There will be very important companies participating in this summit, including BMW, DNV GL and Ocean Ex, among others. The information was released by VeChain a few days ago.

VeChain Summit Attracts Large Companies

The new VeChain Summit 2019 will be the first one hosted by the VeChain Foundation in San Francisco. In this occasion, users will have the possibility to expand their networks and learn about the blockchain industry. Distributed ledger technology (DLT) is growing all over the world and there are many companies interested in implementing blockchain-related solutions.

At the event, participants will learn how to leverage blockchain technology. They will also have information related to the latest news, products and trends in the VeChain ecosystem. At the meeting will be present developers, academic professionals, startups, business and more. It will be possible for attendees to learn about how to build applications on the VeChainThor and how to make it possible for companies to adopt the technology.

At the event will be present different experts in many areas. Some of them are Cihan Albay, Leader at IT Tech Office Singapore BMW Group, Luca Crisciotti, CEO at DNV GL Business Assurance, Logino Dujardin, CEO & Co-founder at Safe Haven, among many others.

The press release released by VeChain, reads as follows:

“The summit offers participants a unique opportunity to expand their networks. Participants will learn to garner the full value of the fast-growing blockchain industry and gain information related to the latest news, products, and trends in the VeChain Tech and Innovations.”

VeChain could be partnering with BMW China in order to link the car purchase sale with the insurance payout claims. Both of them are currently separated. Moreover, BMW could cooperate with VeChain in order to verify Car decentralized application (dApp).

The announcement of this event has helped the digital asset to start growing once again after a long period of time. In just a few hours, the digital asset moved from $0.00446 to $0.0054, increasing over 23%.

Now, VeChain (VET) is being traded around $0.00521 and it has a market capitalization of $289.3 million. VET is also the 22nd largest virtual currency in the space.

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