Reliance Industries, An Indian MNC, Announced It's Blockchain Initiative

Reliance Industries, An Indian MNC, Announced It's Blockchain Initiative
Reliance Industries Limited (RIL) Is All Set To Implement Blockchain Technology In India, Image Credit: Tech Sutram
Making exchange and transportation of goods simpler and more efficient, Reliance Industries Limited (RIL) has decided to introduce “one of the largest” blockchain networks to digitalise two important documents, the bill of lading and letter of credit transactions.
Reliance’s blockchain plan will be enabled in the next 12 months. The Mukesh Ambani-led company claims that with this technology, Reliance will be capable of fulfilling thousands of nodes operations on the first day itself.
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