Jio, one of the largest telecom providers in India has recently announced to build one of the world's largest blockchain networks.
Reliance Jio Infocomm limited has become one of the countries largest major mobile operator with over 330 million people user base.
This development comes in the wake of the Indian government’s efforts to ban cryptocurrencies use in the country, with plans of criminalizing activities related to the emerging asset class.
The exact nature of the initiative remains unclear but Ambani states that with blockchain technology they have the opportunity to invest in a brand new model for data privacy, a data that is owned and controlled by the people and not by corporations or governments.
Headlines for the world of Cryptocurrencies - August 11, 2019
- Digital Yuan Development Accelerated
- Ripple To Leverage Its Advantages According To CEO
- India Will Soon Introduce Crypto Bill On Next Parliament Session
- New Jersey To Have Its Own Blockchain Task Force
- Holdings Company In South Korea Using Ripple Fork For Donations
Headlines for the world of Cryptocurrencies - August 10, 2019
- Digital Yuan Development Accelerated
- Ripple To Leverage Its Advantages According To CEO
- India Will Soon Introduce Crypto Bill On Next Parliament Session
- New Jersey To Have Its Own Blockchain Task Force
- Holdings Company In South Korea Using Ripple Fork For Donations
Headlines for the world of Cryptocurrencies - August 09, 2019
- Binance U.S. Plans To List 30 Digital Assets
- BitGo Expanding Japanese Presence
- Chinese Crypto Wallet Provider ImToken Provides Insight On Local Crypto Market
- New York Bank Embraces Cryptocurrencies
- IDC Reports $16 Billion Spending On Blockchain By 2023
