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The manager of Alibaba, Jack Ma, expressed his opinion about the blockchain

Today will not be easy, tomorrow will be even worse, but the day after tomorrow everything will be fine

Jack Ma

One of these days in China has passed the world conference devoted to artificial intelligence on which the head of company Alibaba Jack Ma has acted. According to the publication cnBeta, during his speech, Ma expressed the opinion that technologies like blockchain or artificial intelligence (AI) have yet to prove their usefulness to the world.

The data era gives manufacturers a unique opportunity to transform the industry, but new technologies like the blockchain will be useless if they can not contribute to the transformation of industry, as well as the evolution of society in a more environmentally and inclusive way,  from the speech of Jack Ma.

Also in his speech, the head of Alibaba, apart from the blockchain, spoke about the current situation around artificial intelligence and about the most common misconceptions about AI and the role of technology in the future.

The entrepreneur did not say whether in the future the ego will use the company in its services, despite the fact that Alibaba is actively using and developing the technologies of the distributed registry. In total, Alibaba and IBM account for approximately 90% of all patents in the world associated with this technology.

This fact, however, did not stop Alibaba, as well as other major players of the Chinese IT market, such as Baidu and Tencen, from banning their platforms from any activity related to crypto-currencies.

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