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Asia’s richest CEO Mukesh Ambani’s bullish views on Blockchain technology

Entrepreneurs’ financial strength will no longer matter so much as ideas and innovation

It is no surprise that blockchain technology has gained recognition and adoption as it becomes more widely recognized and proven to be beneficial globally. In an interview conducted at the Infinity Forum, hosted by International Financial Services Centers Authority (IFSCA), Chairman and Managing Director of Reliance Industries Mukesh Ambani said we will soon see a world that is more equitable thanks to the rapid adoption of digital technologies.

Mukesh Ambani, who has recently made headlines by implementing his succession plan, also believes that it is an essential framework for “trust-based transaction and trust-based society,” both of which are important to us all.

Ambani said, “Blockchain technology will not only be offering solutions across the globe in the coming years, but will be addressing many of the world’s most complex problems. With blockchain, we can deliver unprecedented security, trust, automation, and efficiency to almost any type of transaction, and I think smart tokens will allow you to make transactions that cannot be changed.”

“We are witnessing the fourth revolution that is the digital-first revolution, where digital will be life for billions of people which will be used in all technology five or six kinds of technology will merge together, they will transform the whole world,” Ambani added.

Additionally, Ambani believes Blockchain Technology can provide innovative solutions for working capital needs of a number of merchants while monitoring their credit scores in real-time. Entrepreneurs’ financial strength will no longer matter so much as ideas and innovation, he predicted.


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