Along
with the JioFiber launch, Mukesh Ambani has unveiled one more future projects
of Reliance Jio during the 42nd AGM on 12th August 2019. Reliance Jio in
association with Pan-India Edge computing and content distribution network is
preparing to install one of the largest block chain networks in the world.
This
new venture is part of the telecom arm’s plans to invest in locally up scaling
advanced software technologies across India ahead of the rest of the world. The
goal of Reliance Jio is to use the technology to deliver solid security, trust,
automation and efficiency to almost any type of transaction. This requirement
is in dire need in the sectors such as supply chains for agricultural produce
and other goods which form the backbone of India's economy.
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Ambani
on Monday said that Reliance Jio is a software company, and has been developing
technologies like Block chain, Edge computing, and Virtual and Mixed Reality
content. "Jio has over 6000 software engineers and we are continuing to
attract technology talent from across India and the world," Ambani said.
He also
spoke about the investments underway for the new startups which are being
supported by Reliance. Ambani said that Reliance Jio has been investing in
enhancing ecosystem of new technology startups. These startups have added value
to various services offered by Reliance Jio. He detailed that RIL and Jio have
already invested in 14 startups which have developed unique capabilities in
their respective fields with a total of more than 1500 talented engineers.
"This is another way we are building talent. And on the back of this
talent we are now investing in scaling-up advanced technologies in our country
even ahead of the rest of the world," Ambani said.
Over
the next 12 months, Jio will install across India one of the largest blockchain
networks in the world with tens of thousands of nodes operational on day one. Ambani
said that Block chain technology offers an opportunity to invent a brand-new
model for data privacy where Indian data especially customer data is owned and
controlled through technology by the Indian people and not by corporates,
especially global corporations. "Data is wealth and Indian wealth must
remain in India." Jio is
also deploying a cloud infrastructure across India. "To leapfrog the
world, it is a national imperative to develop a nation-wide cloud computing
infrastructure that is both cutting-edge and affordable," he said.
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