As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain entry to over 450 million Reliance Jio customers, it stays centered on balancing velocity, scalability and affordability, with out compromising on decentralization.
Polygon is working with Jio, a telecom big owned by India’s richest man, Mukesh Ambani, to search out methods to infuse blockchain technology into its existing services. The duo is at the moment including blockchain-based capabilities to the JioSphere net browser, which might have been costly, cumbersome and time-consuming by way of conventional strategies.
“We’re constructing at an insane tempo, onboarding large companions, and pushing blockchain into the mainstream, however with that development comes the accountability to ensure we’re doing it the fitting method,” Polygon’s co-founder, Sandeep Nailwal, stated whereas discussing Polygon’s India-focused initiatives with Cointelegraph.
Preserving decentralization whereas guaranteeing system scalability
“Scalability and decentralization don’t must be either-or, and that’s precisely the stability we’re centered on at Polygon,” Nailwal stated as he underscored the significance of conserving the core values of blockchain intact: safety, transparency and decentralization.
On the identical time, Nailwal revealed that Polygon is investing closely in zero-knowledge know-how to make scaling extra seamless throughout the ecosystem. “The objective is to provide builders and customers the very best of each worlds: quicker, cheaper transactions with out compromising belief or decentralization,” he added.
On account of delivering the mix of low charges, quick transactions and decentralized safety, Polygon is already powering among the most energetic use instances in Web3, from stablecoin funds on Polygon PoS to real-world tokenization with main establishments:
“The important thing problem is making blockchain as seamless and accessible as Web2 with out compromising what makes it particular. That’s why we’re all-in on ZK know-how and Agglayer, which allow us to scale whereas conserving the ecosystem trustless and interoperable.”
Bringing blockchain tech to tens of millions of customers
In line with Nailwal, a one-size-fits-all method doesn’t work when onboarding 450 million customers from India’s numerous inhabitants. “We’ll be working carefully with Jio to develop use instances that really resonate with their customers, and regularly onboard them onto the chain primarily based on these real-world functions,” he added.
Nailwal stated that builders by no means must compromise on the basics, as Polygon’s infrastructure can scale with out sacrificing what makes blockchain highly effective within the first place:
“What excites me most is that we’re transferring past technical discussions about blockchain to fixing actual issues for actual folks. These are the use instances that can drive the subsequent wave of adoption.”
“On the finish of the day, it’s about extra than simply know-how. We’re right here to create a decentralized future that billions of individuals can really use. And whereas that’s an enormous problem, it’s additionally what excites me probably the most,” Nailwal stated.
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Actual-world downside fixing will drive the subsequent wave of adoption
Rising threats pushed by synthetic intelligence instruments, together with deepfakes and different misinformation campaigns, are one other use case blockchain know-how may help clear up. Nailwal stated that the escalating menace of misinformation and rising client insistence on trusted sources will finally end in an uptick of blockchain-based verification instruments.
Moreover, Nailwal highlighted the rising relevance of Polymarket, a cryptocurrency-based prediction market, in mainstream finance and reporting. “Polymarket’s success is precisely what we’ve been working towards,” he stated, including:
“Prediction markets are proving to be extremely beneficial instruments for finance, danger evaluation, journalism and even governance. They pull in insights from a variety of sources, typically making them extra dependable than conventional polling.”
Nailwal is inserting his full guess on blockchain’s immutable nature to rework financial forecasting, policy-making and journalism, amongst others.
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