Reliance Jio, India’s largest telecom operator, has announced a groundbreaking partnership with blockchain technology leader Polygon Labs, marking a significant milestone in bringing Web3 capabilities to millions of Indian consumers.
The strategic collaboration will enable Jio Platforms, the digital arm of Reliance Industries (RIL), to integrate Polygon’s advanced blockchain solutions across its extensive network serving over 450 million customers.
Aishwary Gupta, Global Head of Payments at Polygon Labs, revealed that Reliance will leverage Polygon’s robust infrastructure to develop and deploy Web3-powered applications. “This partnership allows Reliance to build applications running on Polygon as a backend, enabling their massive user base to seamlessly access blockchain technology,” Gupta explained.
MeitY Invites Public Feedback on Draft Digital Personal Data Protection Rules 2025
Key Highlights of the Partnership
- Integration of Web3 capabilities into existing Jio applications and services
- Backend infrastructure support from Polygon’s blockchain solutions
- Potential expansion beyond traditional cryptocurrency applications
- Focus on innovative use cases including AI integration and community building
The collaboration opens doors to various practical applications, including:
- Development of NFT-based marketplace for digital vouchers
- Creation of blockchain-powered community platforms
- Enhanced payment infrastructure for Web3 transactions
- Integration of AI with crypto for advanced user experiences
Polygon Labs, which rebranded from Matic Network in 2021, brings substantial expertise to the partnership, having raised $450 million through a private token sale in 2022. The company has already established successful collaborations with major brands like Flipkart, implementing Web3 solutions that operate seamlessly in the backend.
This partnership represents a significant step forward in democratizing Web3 access in India, potentially transforming how millions of users interact with decentralized technologies while maintaining user-friendly experiences.
