Jack Ma, Alibaba’s Executive Chairman, has never been shy about his thoughts on the newest and latest technology. The Chinese businessman, investor, and philanthropist has been a long-proponent of blockchain technology but recently made a firm statement on its future. Let’s take a closer look at Jack Ma on blockchain.

Jack Ma on Blockchain

Ma believes that blockchain and other advanced technologies still need to prove they can help society evolve in a “greener and more inclusive” direction, local news outlet cnBeta reported.

Ma told those present at the World Artificial Intelligence Conference held today in China:

“The data age is [a] major opportunity for manufacturers to reform the industry. But 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’s keynote focused mainly on the challenges and the misperceptions around Artificial Intelligence (AI). He did, however, reserve a place for the internet of things (IoT) and blockchain technology in his speech.

Ma didn’t really elaborate on how he feels blockchain can be more eco-friendly and inclusive.