The World Artificial Intelligence Conference (WAIC) is going online due to the COVID-19 pandemic from July 9 to July 11, 2020. The Shanghai Municipal People’s Government has organized the annual conference with a vision to offer a global platform, especially for the existing and future AI innovation start-ups and organizations. Their major goal also includes exchanging of ideas and resources to reach humankind’s most significant technological achievements.

The list of co-hosts in the blockchain forum includes the Shanghai Finance Information Association, Shanghai Municipal Commission of Economy and Informatization, and several other large enterprises and organizations. VeChain will be talking about blockchain deployment, integration, and usage for various business scenarios and current successful users at the conference.

VeChain will be opening the session with the title, “blockchainize the future, power the economy,” which is going to be the first blockchain technology session at the conference.

WAIC to welcome tech giants and juggernauts besides VeChain

The conference will be a perfect platform for VeChain that will throw light on the industry-leading blockchain infrastructure and technology. As VeChain is in charge of opening the blockchain session at the WAIC conference, the attendees and VIPs present at the event will make a note of the essential points.

The event is seen as a grand meeting and festival since the first WAIC in 2018, accommodating international influences around various industries. With the constant increase in the online new economy and digital transformation, invitations will be sent out to top-of-line tech enterprises, including Microsoft, Amazon, Alibaba, Tencent, Huawei, and more.

China International Capital Corporation (CICC) to invest 1–1.8 trillion yuan in blockchain

China’s National Development and Reform Commission (NDRC), a cabinet-level department that designs policies and strategies for the development of the Chinese economy, has expanded its definition of “new infrastructure” to include the blockchain technology since April 20, 2020.

Investment in new infrastructure is projected to account for 7–12% of all infrastructure spending, with China International Capital Corporation (CICC) investing about 1–1.8 trillion yuan in the new infrastructure. As the blockchain technology is building momentum to boost the post-COVID economy, WAIC intends to open further discussions on the topic.

Under the concept of “Intelligent Connectivity Indivisible Community,” this conference will be a high-level forum. It will draw together the world’s most prominent scientists and businessmen, as well as political officials, to explore and debate technical boundaries, business developments, and concerns in the form of speeches and high-level forums.

VeChain will build on this tremendous opportunity to share experiences and ideas with all stakeholders at the meeting. An optimistic view of experience and success in resolving pressure points in the corporate community will encourage many more partners to get on board and extend networking opportunities.