Jack Ma on Bitcoin: Be careful, but its technical capabilities are very powerful

How does Jack Ma view the future development trend of Bitcoin? At a recent public event, Jack Ma answered a question from a Bitcoin enthusiast about his views on Bitcoin.

"I am not very interested in Bitcoin. What I want to know is what Bitcoin can bring to society. But having said that, I think Bitcoin technology is very powerful, so in Alibaba and Alipay, we are also trying to ensure that we will push the world into a cashless society."

"But Bitcoin, we look at it very carefully. I don't know much about Bitcoin, but I'm always curious. You are Bitcoin enthusiasts. I don't think you can't live without Bitcoin."

Although Jack Ma emphasized his cautious attitude towards Bitcoin in his public statement this time, his words revealed his affirmation of Bitcoin's underlying technology - blockchain.

Jack Ma's attitude towards blockchain has long been reflected in his actions. This year, Ant Financial announced its technology layout for the first time, with blockchain as its primary field, which together with artificial intelligence, security, IoT and cloud computing, constitutes the cornerstone of Ant Financial's technology openness. On this basis, three major capabilities have been extended: risk control, credit and connection.

Just recently, on November 8, Alibaba Group, Ant Financial Group and Xiong'an signed a strategic cooperation agreement. Alibaba and Ant Financial will undertake the construction of the digital Xiong'an blockchain implementation platform. Through cooperation in blockchain and financial cloud, credit, biometrics, financial intelligence, risk control and security, Xiong'an will eventually be built into a "city of collaborative governance credit, a green city that benefits the people's livelihood, and a city of financial technology innovation." It can be seen that Alibaba has long placed blockchain in a strategic layout and fully penetrated its business.

With the help of blockchain, how far are we from a cashless society?

It is worth noting that when talking about the powerful functions of Bitcoin technology, Jack Ma particularly emphasized its role in a cashless society. In March this year, the "cashless era" became a hot topic of discussion at the two sessions, and Alipay also called for a slogan to push China into a cashless society in five years.

my country's central bank is also a pioneer in promoting the realization of a "cashless society". In February 2017, the blockchain-based digital bill trading platform promoted by the central bank was successfully tested, and the legal digital currency issued by the central bank has been trial-run on the platform. Subsequently, the central bank's digital currency research institute was officially launched. This year, the central bank's digital currency research institute has also made several statements on the research status of my country's legal digital currency.

With the development of technology, a cashless society is an inevitable trend in the evolution of currency forms. Not only China, but also many central banks in other countries are paying attention to and researching electronic currencies. The Swedish central bank is considering issuing "electronic krona", Japan is planning to launch its own national digital currency "J COIN" before the opening of the Tokyo Olympics, and central banks in many countries such as the United Kingdom, Singapore, and Canada have also started research on legal digital currencies.

In short, whether Jack Ma likes Bitcoin or not, a cashless society is coming, and the role of blockchain in it cannot be underestimated.

Jack Ma talks about Bitcoin video link: https://www.ixigua.com/a6486079363753181709/?utm_source=toutiao&utm_medium=feed_stream#mid=5745028298