Indian Mobile Operator to Launch Own Blockchain

New network, which is going to be launched in a year with tens of thounds nodes operational will focus on the distribution and high privacy
12 August 2019   1231

Indian mobile operator Reliance Jio Infocomm, owned by the country's richest man Mukesh Ambani, intends to launch its own blockchain within a year. This was stated by Ambani himself.

[The company will install] one of the largest blockchain networks in the world in India. [On the first day of its launch] tens of thousands of nodes [will be operational].

Mukesh Ambani

Owner, Reliance Jio Infocomm

New network will focus on the distribution of content while maintaining data privacy. Also, as reported, the company’s blockchain network will not only power industries but offer users data privacy as well.

Note that the company also entered into a partnership with Microsoft, involving the use of the Azure cloud platform for the "digital transformation of India."

Most likely, the Jio Infocomm blockchain will not have a native token, since, as you know, the bill on the complete ban on cryptocurrencies is already under consideration by the government.

In early 2018, it became known that Jio Infocomm intends to launch its own cryptocurrency to manage supply chains and loyalty programs called JioCoin. So, the announced project may be a variation of previously announced plans.

In the past, Ambani's conglomerate Reliance Industries also used the R3 Corda blockchain platform to conduct export transactions.

Shopify to Test New Blockchain Plugin

Plugin will allow manufacturers to generate non-replaceable tokens tied to their goods therefore giving customers ability check authenticity
23 January 2020   126

The Shopify e-commerce platform, together with San Francisco-based startup Real Items Foundation, is beta testing a new plugin on the VeChain blockchain and the TAM cloud application to authenticate tokenized goods.

According to the developers, this plugin will allow manufacturers to generate non-replaceable tokens (NFTs) tied to their physical goods. This means that customers who purchase NFT-affiliated products can verify their authenticity by scanning a QR code.

Founder of Real Items Foundation David Menard said that to date Shopify plugin is being tested by several companies producing clothes, decorative cosmetics and skin care products. Menard added that the launch of the plugin is scheduled for the first quarter of this year.

The Real Items Foundation management believes that such a solution on the blockchain will protect customers from buying fake products, because thanks to the new plugin, people can verify their authenticity without downloading additional applications. In addition, consumers can use WeChat to scan items to make sure they are original.

Using the VeChain open blockchain, Real Items Foundation can track the supply chain of goods, and buyers can see detailed information about their origin.

At the same time, Menard noted that the Real Items Foundation does not have a utility token associated with the platform, but the startup uses the VeChain multilateral payment protocol for operational interaction with users and companies.