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Blockchain will be nonsense & # 39; unless you help build a greener future

Jack Ma, the founder of Chinese e-commerce giant Alibaba, said blockchain and other advanced technologies have yet to prove they can help the company evolve in a "greener and more inclusive" direction. His remarks were presented in a conference held at the World Conference on Artificial Intelligence in China on September 17, as reported by the local Beta agency.

While Ma's keynote focused on common (erroneous) challenges and perceptions surrounding the advent of artificial intelligence (AI in particular, he reserved a place for blockchain technology and internet of things ( IoT) as technological watersheds in the new "data age", claiming that:

"The data was a great opportunity for manufacturers to reform the industry, but blockchain and IoT will be a technology without sense unless they can promote the transformation of manufacturing industry and the evolution of society towards a greener and inclusive direction. "

Jack Ma, who now intends to retire, has a net worth of $ 36.9 billion, according to Forbes.The famous Alipay mobile payment app, managed by the Alibaba Ant Financial affiliate, is said to have 450 million users.

Blockchain is not a new topic for the 39; e-commerce, since Ma challenged To this year the technology is simply a "bubble", emphasizing that for years it has been researching blockchain and strongly believes in its potential to address privacy and data security issues for society at all levels.

In fact, already in the summer 2016, Ant Financial, introduced blockchain technology to improve the responsibility in its work with the Chinese charitable industry, continuing to recruit blockchain experts in the society in general. next year.

The new data published at the end of August revealed that Alibaba had signed the first top globally in a new list that entities classified by the number of patents related to the blockchain archived to date; The e-commerce conglomerate has deposited a staggering 90 of these patents, even bypassing IBM.

However, Alibaba has strictly adhered to efforts recently doubled by Beijing to block decentralized cryptocurrencies, with Alipay announcing it would block any account that uses its Transact network in Bitcoin (BTC) over-the-counter (OTC) trade.

Ant Financial also reported that it plans to conduct a "risk prevention" program aimed at educating users about the dangers of fake encrypted propaganda. "

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