BLOCKCHAIN TECHNOLOGY COULD ‘CHANGE OUR WORLD MORE THAN PEOPLE IMAGINE.’ -ALIBABA’S CO-FOUNDERsteemCreated with Sketch.

in #life6 years ago

 Jack Ma, Alibaba’s co-founder, mentioned that blockchain technology could “change our world more than people imagine,” while speaking about the potential of the technology in Hong Kong attending the launch of its blockchain-based remittance service Gcash, reported Crypto Disrupt on June 26.

The new service will be offered by Jack Ma’s Ant Financial in collaboration with Globe Telecom of the Philippines which will partner with Standard Chartered Bank. It will ease money transfers between Hong Kong and the Philippines by reducing the fees the banks would normally charge.

Ma is positive concerning the future of the blockchain technology with its various use cases. However, he doesn’t think bitcoin will have a bright future like the technology behind it. 

“Bitcoin, however, could be a bubble,” he mentioned.Others also expressed a similar opinion concerning the future or Bitcoin.

Warren Buffet mentioned earlier that his investment fund “will never have a position in them” and compared it to as “probably rat poison squared.”

Alibaba co-founder said,

“Personally, I’m quite bullish about blockchain. Alibaba has been conducting research on blockchain for several years.”

He added that blockchain “must be used to solve data privacy, security and sustainability issues.”

Ma expressed,

“Traditional financial institutions serve 20% people and make 80% of profits. New financial institutions should service 80%, and make 20% of profit.”
Sort:  

Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in our discord.

Congratulations @bchainjournal! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @bchainjournal! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 600 upvotes. Your next target is to reach 700 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemFest3 and SteemitBoard - Meet the Steemians Contest

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @bchainjournal! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Do not miss the last post from @steemitboard:

Carnival Challenge - Collect badge and win 5 STEEM
Vote for @Steemitboard as a witness and get one more award and increased upvotes!

Congratulations @bchainjournal! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!