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Question
Which telecom company of India launched its own cryptocurrency? [JAN 2018]
Which telecom company of India launched its own cryptocurrency? [JAN 2018]
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Solution
The correct option is C Reliance Jio
The Reliance Jio Infocomm Ltd launched its own cryptocurrency "JioCoin". The JioCoin project was headed by Mukesh Ambani's elder son Akash Ambani. The Blockchain is a digital ledger for storing data. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.
The Reliance Jio Infocomm Ltd launched its own cryptocurrency "JioCoin". The JioCoin project was headed by Mukesh Ambani's elder son Akash Ambani. The Blockchain is a digital ledger for storing data. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.
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