- Jio is planning to create their own cryptocurrency
- They are planning it name it JioCoin
- Akash Ambani is leading the JioCoin project
- Jio hiring 50 young professionals
Since 2016 Reliance Jio was in news headlines each time for it’s amazing offers and plans. And the latest rumor is Mukhesh Ambani is planning to create their own cryptocurrency called JioCoin.
Reliance Jio Infocomm Ltd will be hiring 50 young professional to build a dedicated team for the development of JioCoin on Blockchain. The total initiative will be lead by Aksash Ambani.
A person who knows about JioCoin development told, “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”.
“One (application) is cryptocurrency. We can deploy smart contracts. It can be used in supply chain management logistics. Loyalty points could altogether be based on JioCoin,” the person cited above said, adding that all of this was “in proposal stage”.
We already know that Bitcoin and other cryptocurrencies are under the eyes of Government of India. Now if JioCoin comes with a India Government license then definitely will be game changer as Indian will trust JioCoin more than Bitcoin or others.
It is also reported that Jio will also focus in ‘Internet of Things. Their are also strong rumors of Jio DTH services which is possibly to launched in this year.
Although their no strong confirmation of this but we are excited to see it as a cryptocurrency if it comes ever.
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