Page 17 - July 2018 Disruption Report
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BLOCKCHAIN
Blockchain beyond the hype
“Blockchain technology could change our world more than people imagine,” said Alibaba Group’s Jack Ma. “Bitcoin however could be a bubble. ...Personally, I’m quite bullish about blockchain. Alibaba has been conducting research on blockchain for several years.”
“Traditional financial institutions serve 20 percent of people and make 80 percent of profits,” he added. “New financial institutions should service 80 percent of people, and make 20 percent of profit.” (Bloomberg News, Lulu Yilun Chen, 06/25/18; The Blockchain Journal, Guillaume Belisle, 06/27/18)
BLOCKCHAIN TECHNOLOGY ECOSYSTEM
McKinsey & Company analysts Brant Carson, Giulio Romanelli, Patricia Walsh, and Askhat Zhumaev wrote:
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