As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain entry to over 450 million Reliance Jio customers, it stays targeted on balancing pace, 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 know-how into its current companies. The duo is at present including blockchain-based capabilities to the JioSphere internet 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 progress comes the duty to verify we’re doing it the suitable method,” Polygon’s co-founder, Sandeep Nailwal, stated whereas discussing Polygon’s India-focused initiatives with Cointelegraph.
Preserving decentralization whereas making certain system scalability
“Scalability and decentralization don’t need to be either-or, and that’s precisely the steadiness we’re targeted on at Polygon,” Nailwal stated as he underscored the significance of retaining 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 purpose is to provide builders and customers one of the best of each worlds: quicker, cheaper transactions with out compromising belief or decentralization,” he added.
Because of delivering the mix of low charges, quick transactions and decentralized safety, Polygon is already powering a number of the most lively use circumstances 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 retaining the ecosystem trustless and interoperable.”
Bringing blockchain tech to tens of millions of customers
In keeping 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 intently with Jio to develop use circumstances that actually resonate with their customers, and step by step onboard them onto the chain based mostly on these real-world functions,” he added.
Nailwal stated that builders by no means need to 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 shifting past technical discussions about blockchain to fixing actual issues for actual individuals. These are the use circumstances that may drive the following 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 a large problem, it’s additionally what excites me essentially the most,” Nailwal stated.
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Actual-world drawback fixing will drive the following 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 risk 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 priceless instruments for finance, danger evaluation, journalism and even governance. They pull in insights from a variety of sources, usually making them extra dependable than conventional polling.”
Nailwal is putting his full wager on blockchain’s immutable nature to remodel financial forecasting, policy-making and journalism, amongst others.
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