Jio partners with Polygon Labs to boost Web3 adoption for 450M users

Jio Platforms, a subsidiary of Reliance Industries, has announced a strategic partnership with Polygon Labs to enhance its digital ecosystem by integrating Web3 technologies.  

This collaboration signifies Jio's commitment to adopting blockchain technology and aims to enrich the user experience for its 450 million customers in India.  

The partnership will focus on incorporating Web3 capabilities into Jio’s existing applications and services.  

By leveraging Polygon's (CRYPTO:MATIC) advanced blockchain solutions, Jio seeks to create innovative digital experiences that could transform user interactions.  

“Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users,” stated Kiran Thomas, CEO of JPL, expressing enthusiasm about the collaboration.  

Sandeep Nailwal, founder of Polygon Labs, also emphasised the importance of this partnership for India's future in Web3.  

He noted that Jio's entry into the space positions India to become a leader in Daily Onchain Users (DOU), potentially surpassing other nations.  

“Jio is the company which brought India online and now is going to take India onchain. It is so big in India that many thinkers would tell you that it has significant impact on India’s current GDP growth. Now they coming into Web3. India will soon will be miles ahead in terms of DOU,” Nailwal stated on Twitter.  

This collaboration is expected to facilitate the adoption of decentralised technologies across various applications, including digital payments and content creation.  

Additionally, Indian Railways has announced the introduction of NFT-based tickets for the upcoming MahaKumbh Mela festival on the Polygon blockchain, further demonstrating the integration of Web3 technology into mainstream applications.