The Hindu Business Line

Will in­stall blockchain net­work

- Tech Trends · Tech · Blockchain · Financial Technology · Finance · Business · Jio · India · Cryptocurrencies · Mukesh Ambani

Re­liance Jio will in­stall across In­dia one of the largest blockchain net­works in the world over the next one year, with tens of thou­sands of nodes op­er­a­tional on day one.

“Us­ing blockchain we can de­liver un­prece­dented se­cu­rity, trust, au­to­ma­tion and ef­fi­ciency to al­most any type of trans­ac­tion. This is a vi­tal ca­pa­bil­ity for In­dia es­pe­cially for mod­ernising our sup­ply chains for agri­cul­tural pro­duce and other goods which form the lifeblood of our econ­omy,” said Mukesh Am­bani.

“And us­ing blockchain, we also have an op­por­tu­nity to in­vent a brand-new model for data pri­vacy where In­dian data es­pe­cially cus­tomer data is owned and con­trolled through tech­nol­ogy by the In­dian peo­ple and not by cor­po­rates,es­pe­cially global cor­po­ra­tions,” he added.

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