The head of Alibaba Jack MA (Jack Ma) believes that the blockchain is meaningless if it can’t transform industrial industry and society. His opinion, the entrepreneur has shared at the conference World Artificial Intelligence Conference, which took place in China.
“In the information age producers have all possibilities to transform the industry. However, the blockchain and the Internet of things (IoT) will be meaningless until then, until you can provide the transformation of the industry and the evolution of society in a more eco-friendly and outdoor destination,” said MA.
Alibaba is one of the largest companies operating in the field of electronic Commerce. Its market capitalization is $400 billion. In 2017, the company filed 43 patent applications related bloccano, which accounted for 10% of all such applications. So Alibaba became one of the leading blockchain developers in the world, and all statements of the CEO of the company strongly influence the market blockchain-cryptocurrency products and market, including.
These statements are not always positive. For example, in the second may meeting of the World Intelligence Congress in Tianjin (China), MA said that bitcoin is a bubble.
“Alibaba has worked on bloccano for several years. The blockchain is not a bubble, but bitcoin, Yes. Bitcoin is just a small program on the blockchain, and the blockchain is not a major gold mine,” said MA.
He also added that Alibaba consider the blockchain as a solution to issues of privacy and security in the digital age. When, in June, MA gave comments about the conduct of the trial Alipay money transfer through the blockchain, he expressed the opinion that technology can help solve problems in the field of security, sustainability and social integration. According to MA, this will change the world is stronger than people can imagine, because the financial organizations are using the technology will be “80% to serve people, and 20% to make a profit, at that time, as traditional financial institutions 20% serve people and 80% make a profit.”