India’s Reliance Jio Comes Up With A Deal With Microsoft Unveiling Broadband, Blockchain And IoT Platforms- Part 1
The bold step forward by Reliance Industries could mean positive for India in the blockchain ecosystem. Here are the reasons. It is quite informative.
The Blockchain Ecosystem Being Unravelled
Today blockchain is the rage of tech enthusiasts. As more businesses are moving toward the digital world, blockchain technology is what they are banking on. This comes to be a major challenge for those who are not keeping up with the tech innovations of the current world. Make sure you don’t fall behind on the race of the tech world. So that you don’t miss out on the latest having to know and combine whatever is being featured as the latest and current topics of the world. From moving to cloud storage, technology is on the chase for numero uno and that is why experts are keeping their fingers crossed to view what is the outcome of this tech craze. Just minting coins is not what the blockchain technology is used for, but it is the major trendsetter today.
Where Are Reliance Industries Headed?
Ready to foray into many more businesses including the blockchain is India’s Reliance Jio that has disrupted the local telecom and features phone markets in less than three years of existence. It was thereby observed in a series of announcements that included a long term partnership with the global tech giant Microsoft as it was said that it is ready to commercially roll out the broadband service, an IoT platform with an ambition thereby to power more than a billion devices as it comes to be one of the world’s biggest blockchain networks scaling its retail and commerce businesses.
Aimed at individual customers, the broadband service called Jio Fiber also targets small and medium-sized businesses as well as enterprises where the chairman and managing director of Reliance Industries Mukesh Ambani is Asia’s richest man speaking at a shareholders’ meeting. Being initially targeted at 20 million homes and 15 million businesses in 1600 towns, the service will then start rolling out commercially as Ambani explains more than half a million of the customers have already been testing the broadband service that was first unveiled earlier.
Here coming bundles with access to hundreds of TV channels and free calls across India at a discounted rate to the US and Canada is the broadband service according to Ambani where the service is the cheapest tier that offers internet speeds of 100Mbps priced at Rs.700 a month. Saying that it will offer various plans to meet the variety of needs the company targets customers who want access to gigabit internet speeds. Jio, as it continues the tradition to woo users with the significant free stuff, is a subsidiary of the largest industrial house of India which is the Reliance Industries saying customers who opt for the yearly plan of the fiber broadband is provided with the set-top box as well as an HD or 4K TV with no extra charge since the specific details aren’t immediately available, the premium tier available will allow customers watch many movies on the day of public release. It is here that the broadband service bundles games from the popular studios including Microsoft Game Studios, Riot Games, Tencent Games as also Gameloft according to Jio.
Moving on with a Partnership with Microsoft
The tech giant has announced a 10-year partnership with Microsoft, the company launched new cloud data centers in India ensuring more of Jio’s customers accessing the tools and platforms needed to build their digital capability according to Microsoft CEO Satya Nadella. He further explains that at Microsoft the mission is to empower every person, as well as every organization on the planet to achieve more as core to this mission, comes deep partnerships similar to the one announced with Reliance Jio as the ambition helps millions of organizations across India thrive and grow in the era of rapid technological change. He added that they offer a comprehensive technology solution together from compute to storage, to connectivity and productivity for small and medium-sized businesses throughout the country.
The Discussion Is To Be Continued In The Next Post
Hereby the partnership is being viewed as a major tiebreaker in the realm of blockchain. As Reliance moves further with more goodies for users of Jio, Microsoft maintains its rule as the number one in the tech industry. This is why the tie-up between the two comes to be a major step forward when the tech world is assessed. Take a look at the major takeaway as it is found by the users getting a bite of the tech world going crazy with more than what they offer.