Jack Ma, founder of Alibaba – the Chinese e-commerce giant, said blockchain is not a bubble, bitcoin is. When it comes to blockchain, he asked people to think of the role of blockchain in creating values for the society, government, enterprises and consumers in the era of big data.
Conservative and cautious with bitcoin, this magnate has few words on it, but spared the time for blockchain. He said people with superficial understanding of blockchain think it is a huge gold mine. We should seek solutions for data and privacy security from blockchain, in a bid to create values for the society. While for the moment, many see it as a money-maker, it’s screwed. Blockchain could provide a lot for governments, enterprises and average people, which shall be its true value.
Jack said he has had his eye on blockchain for years. He realized its importance when he heard it could offer solutions for issues of privacy and security, for security is the top priority of Alibaba with a considerable trading volume reaching trillions. Since then, Alibaba has undertaken the research on blockchain, and it has been the enterprise holding the world’s most blockchain patents.
http://news.8btc.com/alibabas-jack-ma-blockchain-is-not-a-bubble-bitcoin-is
