The chief of India's Reliance Industries Mukesh Ambani has backed blockchain technology, claiming that it has the capability to redefine the financial world.
"Blockchain is the technology I believe in. Blockchain will define [the] financial world," Ambani said while adding that he is looking forward to the cryptocurrency and data protection bills in India.
Speaking at the Infinity Forum hosted by International Financial Services Authority (IFSCA), Ambani highlighted that India is currently witnessing a revolution with all-things-digital at the centre. Ambani added that India is on the verge of establishing a digital society.
"We are witnessing the fourth revolution ¨C that is the digital-first revolution, where digital will be life for billions of people ¨C which will be used in all technology ¨C five or six kinds of technology will merge together, they will transform the whole world," ET Now quoted Reliance's top leader Mukesh Ambani as saying.
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In addition, Ambani highlighted how the virtual arena will create more equitable spaces for all. "Digital-first world will the people-first world," Ambani said while adding that "no one is [sic] last... everyone will be first."
Alluding to the general pop reference to data becoming the new oil, Ambani affirmed the idea, saying - "this new oil is for everyone... every person can be the owner and use it."
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Reliance Industries' Mukesh Ambani also spoke about Jio's upcoming 5G capabilities. "We are in the process of creating an equally affordable ecosystem of devices to enable greater adoption, supported by a faster rollout of optic fibre, cloud, and data centre infrastructure," Ambani said.
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Citation
Times Now (2021, December 3). India witnessing digital-first revolution, blockchain is the technology I believe in, says Mukesh Ambani. Times Now.?