Ali Chief Strategist Zeng Ming in his own article points out the blockchain is how to produce consensus as large as possible assuming without trust. These consensuses are written in the algorithm. Therefore, the transaction cost can be drastically reduced, another round of great productivity development will be promoted.
This is a very important technical revolution for infrastructure. The higher trust emerged on a large scale, the greater the breadth and depth of collaboration, the greater the business value created. However, the current consensus is not enough to support large commercial synergies.
