At the second World Intelligent Congress held in Tianjin on May 16, Ma Yun, chairman of Alibaba Group, expressed his views on the hot issue of block chain. Block chains, he argues, are not bubbles, but bitcoins are bubbles. Bitcoin is only a small part of the block chain.
Ma Yun gave an example when he was married at Alibaba's collective wedding. Ant Financial Services Group's engineer changed his resume to a chunky chain engineer on his marriage site, and immediately received more than 300 letters of love.
He believes that in the face of block chains, people should first think that it should not be to make money, but, in the data age, it can bring to the social, government, enterprises, consumers what value?
"the block chain is not a gold mine, it must be a solution to privacy security in the data age, it must provide value if it is to become a wealth," Ma said.
Alibaba studies block chains very early and is currently the most patented company in the world, Ma said. For Ali, "no chunks will die." When he didn't understand the block chain, he said, he realized its importance when he heard that it could solve the problem of data privacy and security.
Ma Yun believes that if the block chain is firmly done, it will inevitably bring value. "but now the block chain is hot, and there are people buying and selling block chains, which worries me."