According to the news in the Indian local media, Indian billionaire Mukesh Ambani, who has a net worth of $ 92.6 billion, made positive statements about the blockchain technology that forms the basis of crypto money.
Ambani stated that there is a significant difference between cryptos and blockchain, saying that blockchain offers promising use cases. The billionaire emphasized that blockchain provides supply chain transparency and enables fast transactions.
Ambani said that with the use of blockchain, unprecedented security, automation and efficiency can be achieved for almost any type of transaction.
Although there were many reports in 2018 that Ambani was launching his own cryptocurrency called “Jio Coin”, such a project never materialized.