may be far beyond our imagination. Somehow, the blockchain part got separated and became a thing. Dollar, and the euro. There is more evidence of Ma, and Alibaba getting its hands near but never directly on blockchain and cryptocurrency technology when. Using blockchain to achieve cross-border remittances is one of my most concerned projects in the past six months. In an interview with cnbc around the same time, Ma revealed that Alibaba had spent a lot of efforts researching, blockchain technology, but that Bitcoin is not for him.
Blockchain should not be a tech to get rich overnight. But it did not start here. So, with the likes of, amazon, Microsoft, IBM, Oracle and other heavy-hitting, Western technology companies all scrambling to make sense of blockchain and cryptocurrencies with their own projects, it is interesting to look into Alibabas vault and see what they have been doing with the. I don't think we are ready.
For these major businesses, there is a lot more value in going through the process of perfecting blockchain use in their sectors before really looking into generally accepting a new form of digital payment). Ma held true to these words and his companys dealings with this ecosystem are mirrored in what he says. It is a holding company with 13 subsidiaries from the main eCommerce site to a football team in Guangzhou and over 66,000 employees. According to the available material from cnLedger, Alibaba may incorporate, p2P Nodes in its e-commerce platform in future : In a further development, fellow Chinese conglomerate Tencent has registered. Stark has spoken out against this narrative, that is not only being pitched by Ma and the likes in China, but also much of Wall Street, which is fearful of the financial implications that Bitcoin has on the current established order of money. We have a team that studies blockchain, but Bitcoin is not something that I want to pursue. The moves run contrary to the current regulatory narrative coming from Beijing. Bubbly Bitcoin All this being said and done, Ma as the charismatic face and head of the conglomerate has never really been a big fan of Bitcoin, or really any of the cryptocurrencies attached to the blockchain technology he clearly values.
Alibaba s chairman Jack Ma says that the company is betting on blockchain, but advises against investing in Bitcoin. Ma is the controlling. The Application of Artificial Intelligence at Chinese Digital Platform Giant s: Baidu, Alibaba and Tencent. What drives bitcoin adoption by retailers, DNB Working Papers 585. Kaivo-oja, Jari Roth, Steffen Westerlund, Leo, 2016.