Jack Ma is the mastermind behind Alibaba – one of the biggest tech firms in the world. Jack Ma is also very passionate about Artificial Intelligence (AI) and Distributed Ledger Technologies (DLTs), so when he talks about the future of blockchain, he sure knows what he is talking about.
Recently, Jack Ma made a statement regarding the future of blockchain technology. He said that the technology would be worthless in the future if it doesn’t revolutionize the manufacturing industry.
Jack Ma’s Statement:
According to Jack Ma, “Blockchain technology, the Internet of Things, and Artificial Intelligence (AI) would be meaningless technologies unless they can enhance the revolution of the manufacturing industry, and the evolution of the society towards a more inclusive and greener direction.”
Jack Ma’s Statement Is a Strong Validation for VeChain (VET) and IOTA (MIOTA)
The statement of Jack Ma comes across as a validation for VeChain (VET) and IOTA (MIOTA), two IoT-centric digital currencies that is aimed at leading an industrial revolution that is pioneered by the automation of manufacturing processes. IOTA (MIOTA) has already found its way into the manufacturing industry, thanks to its collaboration with Fujitsu.
VeChain (VET) Price Today – VET / USD
VeChain is also aimed at revolutionizing the manufacturing industry by making it more efficient. The partnership of VeChain (VET) with BYD – Chinese-based car maker – is a perfect example of how this blockchain project could push and lead towards green manufacturing.
Through the partnership of BYD and VeChain (VET), the blockchain project will build a carbon credits application for the all the cars of BYD. The blockchain project will also change the manufacturing industry by strengthening rights of intellectual property, therefore giving manufacturers the competitiveness and capacity required to revolutionize their processes.
In essence, in a fast-growing, crowded digital currency market, VeChain (VET) and IOTA (MIOTA) stand to emerge as some of the biggest winners. This makes them high potential digital currencies for investors that are willing to hold until they fully unravel their potential in the global manufacturing industry.