India’s Richest Man Believes in Blockchain Technology

Mukesh Ambani, Reliance Industries (RIL) managing director and considered the richest man in India, proposed the legislation of cryptocurrency. This proposal was endorsed together with data privacy to the Indian government. Ambani also strongly believes in the power of blockchain technology.

For him, blockchain innovation will offer transaction security, automation, trust, and efficiency. He also believes that his beloved country is already prepared for the introduction of data privacy and cryptocurrency bill.

Why Ambani’s Bet is more on Blockchain Technology?

 

Here are some of the reasons why crypto and blockchain innovation is the best to bet on for Mr. Ambani:

1-Strong believer in blockchain innovation

Mr. Ambani strongly believes that blockchain technology is far more different than cryptocurrency. In case society needs trust-based equitability, blockchain is the most essential one.

2-Data is the new source

Traditionally, oil is the leading source of income in India. But, for Mr. Ambani, blockchain data is the new source to generate income. And, its advantage is the convenience of generating income as it could be done anytime, anywhere.

3-Digital-first revolution

Blockchain technology will generally transform the whole nation. That’s why Mr. Ambani said that blockchain innovation is the first one ready for the digital revolution.