12/08/19 12:22 UTC-4

The richest man firm in Asia turns to blockchain technology

OtherReliance Jio will launch a large-scale blockchain network
Reliance Jio will launch a large-scale blockchain network

Reliance Jio Infocomm, Indian mobile operator, owned by Asia’s richest man, is creating a new large-scale blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
network.

 

Launch of the largest blockchain network

Reliance Jio will launch "One of the largest blockchain networks in the world over the next 12 months", – Ambani said at the annual Reliance Industries general meeting on Monday, adding: "On the first day of the network, tens of thousands of nodes will operate."

According to cryptocurrency news, https://cryptobit.media/ the blockchain network will be focused on the development of the industry, as well as on ensuring data confidentiality for users.

"Using blockchain, we can provide unprecedented security, trust, automation and efficiency for almost any type of transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
. This is a vital potential for India, especially for modernizing our supply chains of agricultural products and other goods that form the lifeblood of our economy,"
– Ambani said at the meeting.

The company of the richest man in Asia, Mukesh Ambani, Reliance Jio Infocomm, plans to create the largest blockchain system. Recall, on August 8, Sidharth Sogani, CEO of Crebaco Global Inc. research firm, said in an interview with AMBCrypto that India would lose about 13 billion US dollars if it bans cryptocurrencies.

Editor: Alyona Nabok

See also: "The Chinese government is financing hacker attacks on exchanges"

#India #blockchain #RelianceJioInfocomm

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