Jio is preparing to bring its own Cryptocurrency after making a mess in telecommunications. Jio is preparing to bring JIOCOIN just like Bitcoin. Mukesh Ambani’s son and the team making this. This will work on blockchain technology.
According to the Live Mint report, there will be 50 young professionals in the Jio Coin team. A person related to this case told that a team of 50 people will be formed. People in this team will be around 25 years old. This team will work on different products related to Blockchain. This team led by Mukesh Ambani’s sons, Akash Ambani.
Blockchain is a digital laser, which stores data, which includes financial transactions, but it is not limited to. Blockchain disinvites information without copying. This information is shared on the blockchain through the database, which can be accessed on real-time basis.
This database is not stored on the physical server, but it is stored on the cloud. Unlimited data can be easily stored on the cloud.