I am not sure if this is a nice thing, allowing a third party to intervene or interrupt the dictates of a smart contract is kind of against what the blockchain stands for,that is openness, trust, lack of a central control authority. Such patent will easily be open to abuse, unless I am mistaken on how this will actually work. Mr Jack Ma is not a fan of cryptocurrency as far as I can tell and using the blockchain this way may have some undesirable consequences
Kind of defeats the purpose of the blockchain..
Apparently, Jack Ma, understands blockchain's power, but doesn't understand what bitcoin can contribute to society.
https://bitcoiner.today/en/jack-ma-founder-of-alibaba-group-speaks-about-bitcoin-and-blockchain-technology/
I think that long-term, blockchain is a nightmare to governments and corporations because of its implications (along with higher bandwidth). If the world becomes digital, they are essentially powerless.
