China’s largest online retailer Alibaba hits today’s crypto news with an announcement about expanding their blockchain services in the United States, Europe, and South East Asia.
In a press release Alibaba Cloud noted:
“Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world.’’
The Alibaba Cloud Blockchain service supports many applications such as the Linux foundation hyperledger fabric blockchain application and also Ant Blockchain developed by Ant Financial. As part of the blockchain services, Alibaba supports smart contracts, blockchain management and deployment of software development applications.
What is most interesting is that the founder of Alibaba, Jack Ma, is known for his anti-bitcoin stance. However, the company is a major booster of blockchain technology. The goal is to bring a cashless society while eliminating major social problems such as corruption.
In an interview with CCN, he said:
“I pay special attention to cashless society and blockchain technology. Mine and Alibaba’s job is we will move the world into a cashless society. The society can make everybody equal, inclusive to get the money they need, make sure it is sustainable and is transparent.
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I hate corruption. But I don’t want somebody through a dirty way take away my opportunity. This is why we want a cashless society.”
Alibaba has already invested in researching distributed ledger technology and they are responsible for filing more than 10 percent of the blockchain patents in 2017.
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