The 10th Richest Man in the World Says He Believes in Blockchain Technology

Mukesh Ambani, the 10th richest man in the world according to Forbes, said that he sees the benefits of blockchain technology and expects India to have one of the most advanced digital infrastructures in the world soon.

“Blockchain is a technology I believe in and it’s different from crypto,” he said at a forum organized by the India International Financial Services Centers Authority and Bloomberg. Ambani said that digital technologies will reshape many sectors from financial services to manufacturing, from agriculture to education and healthcare, making them more affordable and more accessible to everyone.

In Ambani’s speech:

I think digital technology is a great provider of equality and democracy. The data is the new oil, but there is a crucial difference. The new oil can be produced and consumed by anyone, anywhere. It has the potential to create value equality between sectors, geographies and economic classes.

said.

The $210 billion company, led by Ambani, aims to become a tech giant by reducing its investments in fossil fuel-based businesses and investing in digital services. The company’s digital units have been sold to companies including world giants such as Google and Meta last year. $27 billion generated income.

Pointing out that there are two important factors in the development of the digital revolution in the country, Ambani said that these factors majority of the young population and Digital infrastructure reaching all cities of India, including 600 thousand villages said that.

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