Jack Ma: Blockchain technology is not a bubble
The founder of Alibaba pointed out that many opinions come from speculators who see the block chain as a gold mine, instead of considering its potential
During the “2nd World Intelligence” conference in the city of Tianjin, the founder of the e-commerce giant “Alibaba”, Jack Ma, pointed out that, in his opinion, the “Blockchain technology is not a bubble, instead, bitcoin is.”
Ma said that unfortunately, many of the views on the Blockchain come from speculators who see technology as a gold mine, instead of considering its global potential for industries. He also said that at the moment his company has no plans to venture into the world of cryptocurrencies.
“I don’t know anything about Bitcoin, I’m particularly disconcerted, even if it can really work, the rules of global trade and the financial system will change completely, I don’t think we’re ready, I’m still paying attention to Alipay, the US dollar and the euro. We have a team that studies blockchain, but Bitcoin is not something that we want to follow, we don’t care about cryptocurrencies at this moment. “
AliPay, developed by the subsidiary of Alibaba “Ant Financial“, has an estimated 450 thousand users. Much more after introducing the Blockchain technology to the company’s system to optimize its services.
N. Moncada
Source: CoinCrispy
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