Reliance Jio, India’s largest telecom operator, has partnered with Polygon Labs to integrate blockchain and Web3 capabilities into its infrastructure.
This collaboration aims to enhance Jio’s existing applications and services for its 450 million users across India.
Polygon CEO Marc Boiron confirmed that the partnership is already live on Polygon’s proof-of-stakes network. Stating,
“…This is already live on PoS. More about the product and bringing 450 million people to PoS soon. This isn’t just about some boring use case. It is one of the most popular uses of crypto coming to life in this giant”.
This isn’t just big news. It’s huge news.
For those who don’t know the Indian market, this is like saying that Google will be using Polygon PoS for certain apps and services.
This is already live on PoS. More about the product and bringing 450 million people to PoS soon.… https://t.co/w8QhkUeWeH
— Degen CEO of Polygon Labs (※,※) (@0xMarcB) January 16, 2025
Kiran Thomas, the CEO of Jio Platforms Ltd, described their recent move as a step toward exploring the limitless possibilities of Web3 and providing innovative digital experiences for users. Polygon’s founder, Sandeep Nailwal, expressed enthusiasm about the partnership, stating,
“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 their customers.”
Aishwary Gupta, the global head of Payments at Polygon Labs, told local media that Jio’s adoption of Polygon’s blockchain infrastructure would facilitate seamless interaction with Web3 technologies while simplifying their complexities for end users.
Reliance Industries, headed by Mukesh Ambani, has played a key role in advancing technology in India, particularly with the 4G rollout and expanding high-speed internet access. The company has also invested in blockchain technology, specifically in Vakt Holdings Limited, to enhance energy trading through digitization.
This development follows Polygon Labs’ decision to lay off 19% of its workforce, as stated by CEO Marc Boiron on February 1, 2024. The layoffs were not financially motivated but aimed at strategically “right-sizing” the organization after rapid expansion during the previous bull market. Boiron noted that the accelerated growth had affected the company’s focus and efficiency, leading to the decision to restructure to better align with strategic goals.
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