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 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 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 huge companions, and pushing blockchain into the mainstream, however with that development comes the duty to verify we’re doing it the suitable manner,” 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 steadiness we’re centered on at Polygon,” Nailwal stated as he underscored the significance of retaining the core values of blockchain intact: safety, transparency and decentralization.
On the similar time, Nailwal revealed that Polygon is investing closely in zero-knowledge expertise to make scaling extra seamless throughout the ecosystem. “The objective is to present builders and customers the very best of each worlds: sooner, 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 among the most energetic 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 expertise and Agglayer, which allow us to scale whereas retaining the ecosystem trustless and interoperable.”
Bringing blockchain tech to hundreds of thousands of customers
In accordance with Nailwal, a one-size-fits-all method doesn’t work when onboarding 450 million customers from India’s various inhabitants. “We’ll be working carefully 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 purposes,” 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 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 expertise. We’re right here to create a decentralized future that billions of individuals can truly 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 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 expertise might help remedy. 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 strictly what we’ve been working towards,” he stated, including:
“Prediction markets are proving to be extremely precious instruments for finance, threat 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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