VeChain Bags Runner-up Position At VivaTech Event In Paris

The VivaTech event, the world’s rendezvous for startups and leaders, was held between May 24 and May 26 in Paris and more than 80,000 participated. VeChain, the Singapore based blockchain technology company, focused on supply chain management, participated as one of the 30 startups in the event held by LVMH Moët Hennessy Louis Vuitton SE.

The invitation to participate is itself a recognition as nearly 800 startups had applied to compete in the LVMH Innovation Award. VeChain used the opportunity and impressed the dignitaries with an impressive talk by Jerome Grilleres, VeChain Europe GM. Unsurprisingly, VeChain bagged the runner-up award.

The finalists in the event were active in 17 sectors including retail, social media, the blockchain, e-commerce, artificial intelligence, anti-counterfeit solutions, and sustainability.

Quite often in VivaTech event, innovators used to present ideas that may complement or contrast other participants. The event places both startups and established companies in the same room for “themed, high-energy open innovation.” By doingso, VivaTech is able to breakdown the barriers between grassroot innovators and multinational enterprises.

Jerome Grilleres was accompanied by Sarah Nabaa, VeChain Singapore GM. The panel of judges who assessed the speech given by representatives of various startups are:

• Angela Ahrendts — Senior Vice President of Retail, Apple
• Alexandre Arnault — Co-Chief Executive Officer, RIMOWA
• Sébastien Bazin, Chairman — and Chief Executive Officer, Accor
• Stewart Butterfield — Founder of Slack
• Tony Fadell, Inventor — and investor
• Kirsten Green, Managing Director — Forerunner Ventures
• Natalie Massenet — Entrepreneur, Imaginary
• Nas — Artist and Investor
• Daniel Zhang — Chief Executive Officer, Alibaba

The pitch was very well received by the audience who queued up to speak with Jerome and Sarah at VeChain booth. The conversation is expected to have a lasting impact on the integration of VeChainThor.