Hi Steemians, Good morning from India. Here is Very good news for Crypto Lovers. This is big news from Telecom giant Reliance Jio Infocomm Ltd.
Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology for JioCoin, its own cryptocurrency
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.
Blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.
The most popular application of the technology has undoubtedly been cryptocurrency, and Reliance Jio also plans to create its own version called JioCoin.
So Guys be ready for it. Please note that this coin is not launched yet or not in any market. If any scammer website or person tries to offer you the ICO or Coin itself don't go after it. Many scammers will try to scam innocent people after this news. I will update you time by time about this offering.
News Published on LiveMint
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