Reliance Jio to launch its own crypto currency JioCoin: Here are top five things you must know.

1. Reliance Jio to launch its own crypto currency JioCoin: Here are top five things you must know. Akash Ambani, one of the young entrepreneur and the younger son of Global businessmen Mr. Mukesh Ambani is now planning to bring one virtual currency- JioCoin. The value of crypto currencies is increasing rapidly is increasing rapidly. In the beginning of 2017, the aggregate value of all digital currencies combined equaled just $17.7 billion. Fast forward to this year, the combined market capitalization of the nearly 1,400 investable crypto currencies is now almost $836 billion. And, it looks like Reliance Jio doesn’t want to miss the boat. According to a report published by Mint, Reliance plans to hire some young professionals to work on blockchain technology. Blockchain technology is a decentralized digital ledger in which transactions made in crypto currencies are recorded chronologically and publicly. Jio Coin can be used in supply chain management logistics. Loyalty points could altogether be based on JioCoin The company could deploy smart contracts and use it in supply chain management logistics. The company plans to hire 50 young professionals with an average age of 25 years for Akash Ambani to lead. JIO Coin ICO may be release in Mid February of 2018 and could be priced around 1USD. However, the project is said to still be in the proposal stage. More updates are expected in coming days. www.businessinfy.com