From October 4-7, WCIT 2024 prestigious technological event took place at Karen Demirchyan Sports and Concert Complex in Yerevan, Armenia, titled “The Power of Mind: AI Beyond Limits, Within Ethics”. Fastex showed its active participation in the event as the general partner, undertaking the opening ceremony of the event.
“This is the 28th edition of WCIT and it is a very important platform that brings together the key players of the tech industry whether it’s innovators, tech industry players, policy makers, in user industry talents and other stakeholders, coming together to catalyze the growth that is expected and the contributions to economic development, job creation and also societal well-being”, said Dato’ Dan E. Khoo, the CEO at World Innovation, Technology and Services Alliance.
As the general partner of the gathering, Fastex introduced its Web3 products and tools that contribute to the growth of innovative technologies in the region and the whole world. The attendees explored YoHealth health-promoting mobile application, AKNEYE, ftNFT platform, Fastex Exchange, Fastex Wallet and Fastex Card, business-friendly YoCerebrum metaverse.
WCIT 2024 was centered on informative panel discussions with world-scale thought leaders and industry representatives. On October 7, Fastex’s CEO Vakhtang Abrahamyan was among the speakers at “Finance Reimagined: How Bitcoin, DeFi and NFTs are shaping the Future of Finance and AI” panel discussion, moderated by the CEO at FinTech Armenia Stefan Lucas, who engaged the speakers in interesting debates on how innovative technologies are transforming fintech, banking systems and financial world overall. The panelists were Managing Partner at Next Legacy John Ailanjian, Board Advisor at Cognaize Ara Abrahamyan, CEO at Molengeek Ibrahim Ouassari and Co-Founder at Web3 Foundation and CEO at Blockstars Artyom Harutyunyan.
Vakhtang Abrahamyan described the happening changes this way, “The competition is what is driving change, and not only among financial industry members, fintech companies and startups with those disruptive technologies in place. DeFi, landing and staking protocols are some sort of alternative in the P2P segment that give the banking system some room to think to understand how to transform. The key is cooperation and synergies, as without that cannot move forward and the right scenario should be found”.
WCIT 2024 came to the conclusion with the special message of SpaceX and Tesla CEO Elon Musk, read out on October 7 by Armenian-American entrepreneur Razmig Hovaghimian. Elon Musk expressed his hopes of visiting Armenia next time and his excitement about bringing Starlink to Armenia and working with the local tech community on some exciting projects – from space exploration to developing open and transparent AI that pushes the boundaries of human understanding.
About Fastex
Fastex is the all encompassing ecosystem that redefines the Web3 experience. Fastex stands at the forefront of blockchain and AI technology, seamlessly blending vast opportunities within a unified and user-friendly environment, such as Fastex Exchange, Fastex Wallet, Fastex Card, and the e-commerce platform - ftNFT platform, with phygital spaces and YoHealth health-promoting mobile application. Fastex distinguishes itself by prioritizing regulatory compliance, ensuring a secure and reliable experience for all users in the evolving landscape of Web3.