From JIO’s AGM:
Using Blockchain we can deliver unprecedented security, trust, automation and efficiency to almost any type of transaction.
This is a vital capability for India especially for modernizing our supply chains for agricultural produce and other goods which form the lifeblood of our economy.
And using Blockchain, we also have 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.
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.
-Mukesh Ambani at RIL AGM.