The Reliance Industries chief said DeFi can provide security, trust, and efficiency to all transactions.
India’s upcoming cryptocurrency legislation has got the backing of the country’s richest man.
Mukesh Ambani, chairman and managing director of Reliance Industries, said on Dec. 3 that he believes in blockchain technology. It can extend unprecedented security and trust, besides ensuring automation and efficiency, to nearly any form of transaction, he said at Infinity Forum, a global financial tech event.
“Blockchain is a technology I believe in and it’s different from crypto. I think smart token is making sure that you are creating transactions that can never be changed,” he said. “Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change.”
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