Polygon is collaborating with Reliance Jio to integrate blockchain technology into web services, aiming to address real-world challenges for over 450 million users.
This partnership balances speed, scalability, and affordability without compromising decentralization.
Speaking to Cointelegraph, Sandeep Nailwal, Polygon’s co-founder, emphasized the importance of preserving the core values of blockchain security, transparency, and decentralization while ensuring system scalability.
“Polygon Labs will support Jio and work closely to integrate blockchain across its various applications to unlock the potential of blockchain-based solutions.”
Polygon invests in zero-knowledge technology to streamline scaling across its ecosystem, providing developers and users with faster, cheaper transactions without sacrificing trust or decentralization.
Polygon and Jio are adding blockchain-based capabilities to the JioSphere web browser, a process that would be more complex and time-consuming with traditional methods. Nailwal noted that a one-size-fits-all approach is ineffective for onboarding India’s diverse population. The collaboration will focus on developing use cases that resonate with users and gradually introduce them to the blockchain.
Polygon’s infrastructure can scale without sacrificing blockchain’s fundamental strengths, allowing developers to solve real-world problems. Nailwal highlighted the potential of blockchain technology to combat rising threats from AI tools, such as deepfakes and misinformation. He also noted the growing relevance of Polymarket, a cryptocurrency-based prediction market, in finance and reporting.
Nailwal believes blockchain’s immutable nature can transform economic forecasting, policymaking, and journalism. The partnership with Reliance Jio aims to create a decentralized future accessible to billions of people.
Notably, India is reconsidering its cryptocurrency regulations due to a more favourable global stance, including shifts in the United States. This potential policy change follows a period of strict Indian crypto taxation that caused decreased trading and some businesses to relocate. Consequently, major crypto exchanges like Coinbase and Binance are now registering to re-enter the Indian market, anticipating a more supportive environment.
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