When talking about the blockchain, Ma Yun said that an engineer at Alibaba.com had been working for Alibaba.com a few days ago. An engineer who was recruited by Ant Financial Co., Ltd. wrote that he was a code farmer and nobody took care of him. He changed to a blockchain engineer. The son received several hundred letters of love.
Ma Yun said, I think the blockchain is not a bubble, Bitcoin is. That's why. First, we don’t have a deep understanding of blockchain technology. Today, blockchain is not a huge gold mine, but a solution. Solutions to solve data and privacy security create value for society. Many people now think of it as making money. This is over.
Ma Yun said that individuals are very optimistic about the blockchain technology, which has been researched for several years. I didn't understand it at the time, but when I heard that it can solve privacy and security problems, Alibaba did research and we have the patent of the most blockchain technology. We have trillions of transactions, no security guarantees are dead. The blockchain can provide many guarantees for the government, the enterprise, and the people. This is its real value.