However, Reliance Jio did not give any response on this issue.
With Mukesh Ambani's elder son Akash Ambani leading the JioCoin project, Reliance Jio plans 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.
Big Brother contestant reported dead… is actually alive
'I've been through hell today because someone used my Twitter account to write that stupid statement about me. She previously spoke about the struggles she went through as her family didn't accept her changing gender.
The Reliance Industries is Going to Hire 50 young Professionals For this JioCoin Project that with an average age of 25 Years for the Akash Ambani to Lead this Project.
Though the report did not mention any specific source, it added that the company is planning to venture into IoT and building a blockchain platform will be beneficial for laying the foundation of IoT plans by Jio.
It is a digital ledger for storing data including, but not limited to, financial transactions. This Database is Not Stored on the Physical Serves but on the Cloud that which Makes it Easy to Store an Unlimited Data. Its popularity has grown in the past year and the value of Bitcoin - the most popular cryptocurrency - had surged to over $16,000 apiece in December. We can deploy smart contracts.
Raw Meat Not the Best Choice for Your Dog ... or You
Giving them the reason to ditch dry and canned pet foods and feed their pets raw meat-based diets (RMBDs). Toxoplasma gondii , the bacteria responsible for toxoplasmosis, was found in 6% of the diets .
He also told that Reliance Jio wants to enter into the Internet of Things (IoT). "Loyalty points could altogether be based on JioCoin", said one of the Jio employees to LiveMint. Working on the applicability of private and permissioned-blockchain solutions, the company is considering to rope in all the three technologies together in other Reliance companies too.
Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. However, the legal status of cryptocurrency has not had a clear vision in India as the RBI and Finance Minister Arun Jaitley had issued warnings against the cryptocurrency use. Speaking in the Rajya Sabha, Jaitley reiterated the government's stance that such digital currencies are not legal tender, and people dealing in them will not get any legal protection.
Bitcoin and different digital forms of money have gone under the scanner of governments over the world as their taking off costs pulled in theorists and unexperienced retail speculators in huge numbers.
Ronaldo gives honest verdict on Neymar move from Nou Camp to PSG
The 25-year-old scored from the spot as the holders Paris Saint-Germain secured a scrappy win to advance to semi-finals. However, former Barcelona star Ronaldo believes the move was a step down in terms of his footballing development.