Soon to be launched cryptocurrency in India is Jio Coin. Yes, this is the next service on offer from our very own well-renowned telecom operator Reliance Jio. The man behind this new project of Jio Coin will be Akash Ambani. Initially, for starters, the company is planning to keep a small group of 55 members behind this new project, all of them with experience on cryptocurrency. We will discuss Jio Coin Price, How to Buy, Launch Date etc.
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This report came in from Livemint about the 55 young members team built by Reliance Jio. Probably after the launch of Jio coin, we can expect the numbers of the team to increase. Additionally, this newly formed group will be working on the blockchain technology. It can also be used for applications development like supply management logistics and smart contracts.
The report from Livement contained a statement from a person who is aware of the company’s plans. It said,“The company plans to hire 50 young professionals with an average age of 25 years for Akash Ambani to lead. There are multiple applications of the blockchain. The team would work on various blockchain products.”
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Since last year, cryptocurrency has been a hot topic. Even in early 2018, we are always hearing some news about new cryptocurrencies entering the Internet money market. Reliance Jio also now sees cryptocurrency as a mean to increase their enterprise and hence are planning to launch their very own cryptocurrency Jio Coin.
Now the Blockchain technology is mainly applied for the cryptocurrency. It allows for secure online transactions, along with being a distributed digital leader for recording transactions through many systems. Thus the particular record remains unchanged from the past if there is no change any in all subsequent blocks and the plot of the network. Besides this, it adds mobility as the information shared on the blockchain is stored in the cloud.
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The company’s person also said to Livemint, “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 Jio Coin.”. He further said that the information is still in its proposal stage.
He further reported to Livement by saying, “Reliance Jio also aspires to get into the Internet of Things (IoT). Blockchain technology would come in handy there.”
Jio Coin Price & How to Buy Jio Coin
Currently, Jio has not launched Jio Coin. You have to wait for the official launch. After that, we will update the article with full details. Stay connected with us.
Now the most popular cryptocurrency known to everyone is Bitcoin. Last year it witnessed a considerable growth when it was even able to attract everyday citizens to make investments in the company. Before Christmas, Bitcoin skyrocketed as it reached 20,000 US dollars but now it hovers somewhere around 13,500 US dollars.