Alibaba CEO Jack Ma Says Bitcoin is a Bubble, Blockchain is Not

Nishanth Shetty

May 21, 2018 11:42 am

Alibaba CEO Jack Ma Says Bitcoin is a Bubble, Blockchain is Not | Coindelite News
1
592997 Total Views

The Blockchain is Not a Bubble, but Bitcoin is, says Jack Ma

Jack Ma, Alibaba founder, and chairman is now one of the latest supporters of Blockchain Technology. The billionaire CEO told Bitcoin is the bubble, but Blockchain is not. He commented recently at the World Intelligence Congress in Tianjin.

Bitcoin is a Bubble, Not Blockchain.

Meanwhile, at the conference, Jack also revealed that his company is mainly focusing on Blockchain Technology.

Jack said:

“The blockchain is now a hot word. First, blockchain is not a bubble, but Bitcoin is a bubble. Bitcoin is just a tiny application of blockchain. At least inside Alibaba, blockchain must be a solution that addresses the privacy and security issues in the digital era.”

He also continued stating that blockchain was the real technological invention which would encourage the future digital revolution. He identified blockchain technology and spoke about the potentialities of the blockchain which is the power behind cryptocurrencies. He also revealed that his company was exploring multiple blockchain applications. The firm is investing in security and privacy solutions built on the blockchain.

He is disappointed with the current people who are exploring blockchain technology. He says too much emphasis is placed on blockchain technology as a money making tool. He reemphasized the necessity of improving the global business process instead of treating blockchain as a “gold mine.”

Magnificent beat ! I would like to apprentice at the same time as you amend your site, how can i subscribe for a weblog site? The account helped me a acceptable deal. I were a little bit familiar of this your broadcast offered vibrant clear concept

1 Comment