Polygon Labs has partnered with India's largest telecom operator, Reliance Jio, to integrate blockchain into the company's existing infrastructure.

Jio, a subsidiary of Reliance Industries, serves nearly 450 million Indians and plans to leverage Polygon's technology stack to enhance its existing applications and services with blockchain and Web3 capabilities, according to a January 15 statement. advertisement.

While details about the exact nature of the Web3 products expected to be launched as part of the collaboration have not been revealed, Kiran Thomas, CEO of Jio Platforms Ltd, said the move will allow the company to "explore the limitless possibilities of Web3 and deliver unparalleled digital experiences" to its users.

in comments Speaking to local media, Aishwari Gupta, Global Head of Payments at Polygon Labs, added that the partnership will enable Jio to build applications on Polygon blockchain infrastructure, allowing Jio users to seamlessly interact with... Web technology 3 Without being exposed to its complications.

Polygon CEO Marc Boiron highlighted the importance of the partnership in a January 16 post, noting that it was already on Polygon's proof-of-stake network. see below.

This development has resonated well within the Polygon community, with many seeing it as an opportunity to promote widespread adoption of the blockchain network. POL, the blockchain's native token, was up more than 5% on the day at writing.

Reliance Industries, led by Asia's richest person, Mukesh Ambani, has been at the forefront of technological innovation in India, spearheading initiatives that have redefined industries, including leading the country's 4G revolution to make high-speed internet widely available.

The giant company's interest in blockchain technology goes back several years. It is worth noting that Reliance was previously manufactured Investments at Vakt Holdings Limited, a UK-based distributed ledger technology company, to digitize its energy trading operations.

Meanwhile, Akash Ambani, Mukesh Ambani's eldest son, has spoken out He supported Blockchain and cryptocurrencies and has reportedly been linked to JioCoin, the telecom giant's digital currency initiative.