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Question

Which telecom company of India launched its own cryptocurrency? [JAN 2018]

A
Tata DoCoMo
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B
Airtel
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C
Reliance Jio
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D
Idea Cellular
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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.

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