Ma Yun said: Blockchain is not a bubble but Bitcoin is a bubble

Blockchain can be said to be the hottest topic nowadays. Both start-up companies and traditional companies are actively combining blockchain technology with corporate business and expect to create more value. At the second World Smart Conference held recently, Chairman of the Board of Alibaba Group Chairman Ma Yun talked about the blockchain and said that … Continue reading “Ma Yun said: Blockchain is not a bubble but Bitcoin is a bubble”

Blockchain can be said to be the hottest topic nowadays. Both start-up companies and traditional companies are actively combining blockchain technology with corporate business and expect to create more value. At the second World Smart Conference held recently, Chairman of the Board of Alibaba Group Chairman Ma Yun talked about the blockchain and said that blockchain is not a bubble, but Bitcoin is a bubble.

Ma Yun said that the blockchain is now a hot term, and Bitcoin is only a small application of the blockchain, but now it has been blown into this way, there is a reason behind it. In Ma Yun’s view, we do not have a profound understanding and understanding of blockchain technology. Blockchain is not a so-called huge gold mine, but a solution.

As for the blockchain, Ma Yun personally said that he was very optimistic and said that Alibaba had several years of research experience in blockchain, but Ali did not want to turn it into Bitcoin. Ma Yun said that if the blockchain is to be a thing that brings value to society, then it can become wealth. Nowadays, many people think of the blockchain as something to earn money in the future. That’s basically finished.