Polygon Labs has teamed up with Reliance Jio, India’s largest telecom operator, to add blockchain technology to the company’s existing systems.

Polygon Partners with Reliance Jio to Integrate Blockchain and Web3 Technology

Jio, a part of Reliance Industries, serves around 450 million people in India. The company recently announced a partnership with Polygon to enhance its services by integrating blockchain and Web3 technology. This collaboration, revealed on January 15, aims to bring new digital experiences to Jio’s users.

Although specific details about the Web3 products they plan to launch weren’t shared, Jio Platforms CEO Kiran Thomas mentioned that this move would allow the company to explore the potential of Web3 and offer innovative digital experiences.

Aishwary Gupta, the global head of Payments at Polygon Labs, explained that this partnership would help Jio build applications using Polygon’s blockchain infrastructure. This would enable Jio users to access Web3 features without the complexity typically associated with the technology.

In a post on X (formerly Twitter) on January 16, Polygon CEO Marc Boiron emphasized the importance of the partnership, stating that it is already active on Polygon’s proof of stake network.

This isn’t just big news. It’s huge news.

For those who don’t know the Indian market, this is like saying that Google will be using Polygon PoS for certain apps and services.

This is already live on PoS. More about the product and bringing 450 million people to PoS soon.… https://t.co/w8QhkUeWeH

— Degen CEO of Polygon Labs (※,※) (@0xMarcB) January 16, 2025

Polygon Partnership Sparks Positive Response and Boosts POL Token

The news has been well received by the Polygon community, with many seeing it as a big opportunity to increase adoption of the blockchain network. As a result, the price of POL, Polygon’s native token, rose by more than 5% on the day of the announcement.

Reliance Industries, led by Mukesh Ambani, Asia’s richest person, has been a leader in technological innovation in India. The company has played a key role in revolutionizing industries, most notably by leading the country’s 4G rollout, which made high-speed internet widely available.

Reliance has also been interested in blockchain technology for years. For example, the company previously invested in Vakt Holdings, a UK-based firm that uses distributed ledger technology to streamline energy trading processes.

Additionally, Mukesh Ambani’s eldest son, Akash Ambani, has publicly supported blockchain and cryptocurrencies. He has also been linked to JioCoin, a rumored digital currency project by Jio, the telecom giant.

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