Microsoft Xu Yutao: Blockchain is not born for enterprise applications

On the evening of February 28, the fourth lesson of Babbitt Industry Orientation Class continued. In the live broadcast, Xu Yutao, chief innovation consultant of Microsoft's Omni-channel Business Unit, said that blockchain is not born for enterprise applications. The existing ledger technology is designed for public network cryptocurrency transactions, and it is difficult to meet the many needs of enterprise-level applications for performance, privacy protection and alliance management; the existing smart contract technology cannot make good use of the established processes and Tools; integrating blockchain with existing technology is not easy.