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Polygon's CEO hailed the partnership as a significant step forward for Web3 adoption in India.
Updated Jan 15, 2025, 4:44 a.m. UTCPublished Jan 16, 2025, 3:30 a.m. UTC
Indian telecom and technology company Jio Platforms (JPL) is taking significant steps to enhance the digital experience for its more than 450 million users.
Jio Platforms is a wholly-owned subsidiary of energy giant Reliance Industries. Reliance is led by one of Asia's richest man, Mukesh Ambani, and his family.
Jio has partnered with with Polygon Labs, the development team behind Polygon Protocols, to launch its Web3 and blockchain services in India, the company said on Thursday.
This collaboration will leverage Polygon's advanced blockchain technology to add innovative Web3 capabilities to some of Jio Platform's existing applications and services.
Kiran Thomas, CEO of JPL, stated, "Partnering with Polygon Labs is a major milestone for Jio as we strive for digital excellence. We are excited to explore the limitless opportunities of Web3 and deliver exceptional digital experiences to our users."
Polygon's co-founder, Sandeep Nailwal, expressed enthusiasm about the partnership, saying, "This is a significant step forward for Web3 adoption in India. We look forward to collaborating with Jio as they introduce Web3 to millions of customers."
Web3 is the next generation of internet based on decentralized technologies, like blockchain, that empower users with more over their data and online interactions.
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
