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What entrepreneurs are saying during the two sessions

chinadaily.com.cn | Updated: 2018-03-15 06:21
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9. Yao Jinbo, founder and CEO of 58.com, a major online marketplace operator

Yao Jinbo joins a panel discussion with delegates from Hunan province in Beijing, March 7, 2018. [Photo/VCG]

Yao was sanguine about the potential of blockchain in the long run, but he said he expects more services based on the technology to further push social development, according to Beijing Morning Post.

Now, a large amount of new coin issuance by taking advantage of blockchain could create financial risk, or even impede blockchain's own development as a whole, he said.

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