Building a digital country – Stark views on blockchain, AI and IoT at GMIC 2018 · TechNode
A wide range of stark and contrasting opinions on the future interplay of blockchain, AI, and IoT were shared during a series of panels and speeches at the GMIC event in Beijing. Industry players from around the world converged to discuss how China and other economies could look in the future based on changes to data and how it’s gathered, used, and abused. Our future dual identities, lack of privacy protection in blockchain, and Malta as the next Switzerland were key parts of the discussions. Speakers joining via video link from London had a warning for China’s internet policy.
However, later in the forum when discussing the Facebook data issue, Cui said, “If there are only a few users then the data won’t be that much at risk, but if there are over 10 or 100 million users then companies will manipulate this big pool of data.”
“In 2016, a team at Xiaomi said they wanted to use blockchain to solve some problems of data sharing and privacy. At that time, I began to think about blockchain and came to the conclusion that for data sharing or validating, blockchain has great value. However, for privacy, blockchain is just one tool. It cannot really solve the problem of privacy. We’re interested in blockchain at Xiaomi and looking into products using it, but I want to say that blockchain is not some panacea or silver spoon. Blockchain has a bright future, but in the short term, after strategic discussions, in our view, it is not a mature technology and its application is limited.”