Jio partners polygon to brings web3 features to some of its services

Jio platforms ltd. (JPL) Has Announced a partnership with the polygon blockchain as it plans its venture into web3 technology. Reliance’s Telecom Subsidiary, Jio is looking to introduce features that relay on web3 technology, on its existing features that are available to over 450 Million users. JPL is looking to explore new capabilities offered by web3 technology and offer an enhanced digital experience to its users, according to the company.

Over the last eight years, Reliance Jio Has expanded from offering telecom services to like online and offline shopping stores, media streaming platforms, video conferencing, a web browser, cloud gaming service, and Security Services.

Jio and Polygon Have Yet to Reveal which of the operator’s applications and services will be the first to be upgraded with blockchain capability. It is expected to be one of the biggest efforts To integrate web3 technology with existing services in the country.

Speaking to Gadgets 360, Aishwary Gupta from Polygon said this development marks a big move for Web3 in India. Gupta is the Global Head of Payments and Fintech at Polygon.

“This is one of the biggest partnerships we have in India and the idea for us to help jio to enable web3 components in its existing product suite,” Gupta said. “There are a couple of products we are working to integrate on as we spend. From an Indian personal it’s a big move where we want to get India web3 enabled and this help us in that direction, ”He added.

Ril Chairman and Managing Director Mukesh Ambani First hinted at a blockchain integration plan for jio in August 2023. of entry into the web3 sector.

At the time it was disclosed that through jfs, Reliance will offer management services for digital assets. Details about jfs’ Fory into web3 have not been out since. Last year, Media reports Suggeded that jfs and Blackrock Weath a wealth management venture and had filled with the National Stock Exchange of India in April 2024.

While Reliance Has Choen Not to Exposes its users to services Around Volatile Crypto Assets, The Company has worked with Other Web3 Technologies. In 2023, Reliance General Insurance said It has been accepting the Erupee CBDC for Premium Payments. The same year, Reliance retail had also announced That it would let shoppers pay via the erupee cbdc across its stores in Mumbai.

Commenting on the partnership with polygon, jPL CEO Kiran Thomas Said in a prepared statement Excellence.