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Mukesh Ambani believes in blockchain, saying it is necessary for a developed society

Mukesh Ambani said the use of blockchain would provide security, confidence, automation and benefits to any type of transaction that has never been available before.

Mukesh Ambani, chairman and managing director of Reliance Industries, says he has great faith in blockchain technology. “I believe in blockchain technology and it’s different from cryptocurrency,” Ambani said. “Blockchain is vital to a faithful and just society,” he added.

In an interview with the International Financial Services Center Authority (IFSCA) Infinity Forum from GIFT City, Mukesh Ambani gave his views on the blockchain.

The government is preparing a bill to regulate cryptocurrency. RBI Governor Shaktikant Das is among those who believe that blockchain technology would exist without cryptocurrency.

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“The use of blockchain will provide security, trust, automation and the convenience of any type of transaction that has never happened before,” Ambani said. “It could also be used to improve our supply chain,” he said. He says it provides a great opportunity for next-level financial innovation.

“Blockchain today has created a whole new concept for non-fungi tokens (NFTs). This technology can facilitate real-time transaction and settlement implementation. For land, property, gold and other types of assets. It helps in digitization,” said Ambani. Ownership. “

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