It looks like before retiring Jack Ma plans to do his best to leave a grand legacy.
He draws attention to the positive uses of the blockchain, specifically protecting the environment. Lately, he spoke at the World Artificial Intelligence Conference in China and mentioned that emerging technologies must prove themselves useful.
“Blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction.” Ma said
Jack Ma didn’t reveal much about future projects of Alibaba group related to blockchain technology. According to Indeed, Alibaba and IBM have 90% of all the decentralized ledger technology related patents.
54 years-old Jack Ma’s fortune reaches $35.8 billion but it wasn't easy for him to get where he is now.
WHY IS IT IMPORTANT?
- Ma is famous for his negative approach to cryptocurrencies. However, the entrepreneur has been studying blockchain for many years and he is confident that the technology has the potential to resolve issues of confidentiality and security in all spheres of the society, be it at the governmental level, the corporate, or the personal. According to Ma, "we live in an era of large data." He added that Alibaba will have to master the blockchain, otherwise, the consequences will be fatal.