E-Commerce Giant Alibaba’s Jack Ma Says Blockchain Is Not a Bubble, Bitcoin Is

Jack Ma, the founder of Chinese e-commerce giant Alibaba, spoke out at the 2nd World Intelligence Conference in Tianjin, saying that blockchain technology is not a bubble, but Bitcoin is. Ma said he has been researching blockchain for years, and believes strongly in its potential to address issues of data privacy and security for society at all levels – governments, corporations and individuals – in an era of big data. Ma added that regrettably, much of the attention the emerging blockchain industry receives comes from speculators who view blockchain as a “huge gold mine.”

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