With the growing trend of virtual currency worldwide, telecom giant Reliance Jio Infocomm Ltd is expected to create its own cryptocurrency, JioCoin.
With Mukesh Ambani’s elder son Akash Ambani spearheading the JioCoin project, Reliance Jio is likely to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.
“The company plans to hire 50 young professionals with average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products,” reports Mint citing a person familiar with the development.
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