Speaking at the World Intelligence Congress (WIC) in Tianjin China, Jack Ma founder and CEO of Alibaba, expressed his opinion: “There is no bubble for blockchain, but there’s a bitcoin bubble.”
His view is consistent with China’s clamp down on cryptocurrencies, but extensive support for blockchain. The event commenced with tutorials on how to use smart contracts, despite the Congress not being blockchain specific. Government interests back WIC.
According to the South China Morning Post, Ma said: Personally, I’m quite bullish about blockchain. Alibaba has been conducting research on blockchain for several years.”
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