Mukesh Ambani’s huge deal of collaboration with…to transform the India of… for 450 million users

The partnerships are expected to allow Reliance Jio Platforms users in India, that are looking for new ways to earn with Web3 tools and devices, to expand beyond cryptocurrency by utilizing Polygon’s blockchain infrastructure, which will strengthen the service offerings for over 450 million users over Jio’s estimated 450 million subscribers in India’s telecom market.

Jio applies blockchain technology On the other hand, the firm Jio Platforms will utilize Web3 technology to add four different applications to its Jio’s 450 million customers. In particular, the partnerships will allow Jios Apps to integrate Web3 technologies to applications and services that Reliance already produces.

‘This is crucial step for us in achieving the promise of digital leadership and sovereignty. The possibilities of Web3 are truly limitless and it will make Jio Platforms users’ experiences simply amazing,’ JPL CEO Mr Kiran Thomas said.

Emerging Use Cases In India AI and Blockchain Integration: Blockchain combined with artificial intelligence to build agent oriented systems.

NFT Marketplaces: Building such platforms in which users will be able to exchange vouchers or any other asset in the shape of NFTs (Non Fungible Tokens).

About Polygon Labs

Polygon Labs, which was originally called in 2017 Matic Network, changed the name in 2021 to Polygon. The main goal of the company is to develop efficient and scalable blockchain solutions fitting for a variety of fields. By the end of 2022, the company was able to secure 450 million dollars through selling its native MATIC token signifying the company’s rapid growth pace and investor confidence.

What Is Web3?

Web3 is the next stage of the development of the internet and is embedded in the blockchain. Unlike the centralized model of Web2, at the core of Web3 is decentralisation which allows users more power over their personal data and how they can use the web. The use cases include but are not limited to cryptocurrencies, NFTs, DeFi and many more but in general to facilitate an internet ecosystem that is focused on its users.

By partnering with Polygon Labs, Reliance Jio plans to help bring about mass adoption of Web3 technology in India. This partnership launch Jio into the leagues of blockchain leaders, meanwhile allowing millions of Indian users to experience decentralized technologies in a straightforward and user friendly way.

This partnership exemplifies the how Web3 will evolve the Jio ecosystem, being used for payment systems as well as for digital assets and community platforms. Jio users will, without a shadow of a doubt, benefit immensely as Polygon is known for providing a layer scale against Ethereum.

“Given the amount of ambition Jio has, this partnership is pretty instrumental in increasing web3 footprint in India. We are excited to partner with Jio as they go on to work on using Web3 with their billions of customers,” Co-founder of Polygon, Sandeep Nailwal explained.