Reliance Jio plans to build a 50-member group of young professionals to work on blockchain technology for JioCoin, its own cryptocurrency, this could be Indian Cryptocurrency.
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With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.
“The company plans to hire 50 young professionals with average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products,” a person familiar with the development said on condition of anonymity.
Reliance Jio also aspires to get into the Internet of Things (IoT). Blockchain technology would come in handy there,” the person said. We approached Jio on the same, but the company is yet to respond.
The popular cryptocurrency of 2017 everyone is aware of is Bitcoin. At a rapid growth, Bitcoin was the talk of the world, and in the process, it even attracted normal citizens to become investors on the same. Bitcoin value even touched $19,000 before Christmas Day, but currently, it’s hovering around $13,500.
In the next article we will explain you in detail that How you can buy? , where you can buy? , how can you spend? , Is it legal in India?