Tech News #22

You can say its Bitcoin mania!! Reliance Jio planning to launch own cryptocurrency – JioCoin

          While millions of peoples, industries and many countries adopt cryptocurrency as a trading option, even Indians also adopt it staidly, but Indian government rejecting trading of cryptocurrencies and said it is not a legal tender in India. Meanwhile After disrupting the telecom sector with its free offers and hyper-competitive tariffs Reliance Jio led by Mukesh Ambani is planning to development of its very own cryptocurrency -JioCoin.

          Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology and project lead by Mukesh Ambani’s elder son Akash Ambani. This team can also be used to develop applications such as smart contracts and supply chain management logistics.
The company plan to hire professionals with the average age of 25 and The team would work on various blockchain products.

          The JioCoin plan is still in the initial stage, but it will be a very awake moment until it could very well become a reality in the coming years but for now, I’d treat the possibility of the JioCoin coming to conclusion as nothing more than the figment of someone’s imagination.

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*News details are collected from various sources from the Internet.