Indian mobile network operator firm Reliance Jio Infocomm - owned by Asia’s richest person, Mukesh Ambani - is turning to blockchain technology.
Reliance Jio will launch “one of the largest blockchain networks in the world over the next 12...
Indian mobile network operator firm Reliance Jio Infocomm - owned by Asia’s richest person, Mukesh Ambani - is turning to blockchain technology.
Reliance Jio will launch “one of the largest blockchain networks in the world over the next 12 months,” Ambani announced at an annual general meeting of Reliance Industries on Monday, adding: “The network will have tens of thousands of nodes operational on day one.”
The blockchain network will reportedly focus on content distribution across India, and will power industries by offering data privacy to users.
Back in November, Reliance Jio’s parent company Reliance Industries, an oil and gas conglomerate, also used blockchain technology to conduct its first trade finance transaction, in an association with HSBC India and ING Bank Brussels.
source https://www.tokentalk.co/The Block/firm-owned-by-asias-richest-man-to-install-blockchain-network-with-tens-of-thousands-of-nodes-5d5121316fe5556e3f94736b
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