Agency. During a debate on cryptocurrency regulation in India, Mukesh Ambani, chairman and managing director of Reliance Industries, an Asian billionaire group, said he believed in blockchain technology. He believes it will redefine the financial world. He called it different from cryptocurrency. This was stated by Ambani in an interview held at Infinity Forum.
Ambani said, “Through blockchain, we can provide security, trust, automation and efficiency in almost every transaction. Through this you make transactions that can never change. It’s a very important framework for trust-based transactions and trust-based societies. ”
Mukesh Ambani said, “I think finance is at the center of everything. We have not digitized finance to its full potential. I believe we are in the early stages of digitization. And as I see all these technologies evolving, we have the opportunity to make sure we move to a decentralized model of finance. ”
Ambani said, “We have been working for the last 100 years to develop organized finance through a centralized model. With its long experience, we still believe that there will be a decentralized policy of the central government and the central bank. But one way would be a decentralized technical solution where finance would be available to all. Even today, large companies are easy to finance and small companies are not easy to finance. It’s the same with people, but I think it’s going to change. ‘