RIL’s JFS Boosts India’s Web3

Jio Financial Service

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RIL will provide management services for digital assets via JFS

Blockchain

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traditional servers, information saved on the blockchain is broken up into smaller pieces and distributed around the network

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Central Bank Digital Currency

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India’s Web3

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Characteristics of Web3 in Financial Services:

Transparency

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Open-source

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Decentralized management and governance

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RIL’s JFS Boosts India’s Web3

Jio Financial Service

RIL will provide management services for digital assets via JFS

Blockchain

Bitcoin, non-fungible tokens, CBDCs, and the metaverse are all components of Web 3

traditional servers, information saved on the blockchain is broken up into smaller pieces and distributed around the network

Central Bank Digital Currency

A central bank electronic currency is any fiat money that is supported by blockchain networks

India’s Web3

india’s Web3 is a decentralized platform that doesn’t need approval from centralized authorities,.

Characteristics of Web3 in Financial Services:

Transparency

Web3, a platform based on Blockchain, makes data transferable and transparent

Open-source

Financial Web3 apps can run on either blockchain, decentralized peer-to-peer networks

Decentralized management and governance

An unchangeable ledger allows for the decentralized management and control of data.

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