As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain entry to over 450 million Reliance Jio users, it stays targeted on balancing pace, scalability and affordability, with out compromising on decentralization.
Polygon is working with Jio, a telecom large owned by India’s richest man, Mukesh Ambani, to discover methods to infuse blockchain technology into its existing services. The duo is at present including blockchain-based capabilities to the JioSphere internet browser, which might have been costly, cumbersome and time-consuming through 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 ensure we’re doing it the proper 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 have to be either-or, and that’s precisely the stability we’re targeted on at Polygon,” Nailwal stated as he underscored the significance of conserving 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 purpose is to give builders and users the most effective 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 conserving the ecosystem trustless and interoperable.”
Bringing blockchain tech to thousands and thousands of users
In accordance to Nailwal, a one-size-fits-all strategy doesn’t work when onboarding 450 million users from India’s numerous inhabitants. “We’ll be working intently with Jio to develop use circumstances that actually resonate with their users, and progressively onboard them onto the chain based mostly on these real-world purposes,” he added.
Nailwal stated that builders by no means have 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 transferring past technical discussions about blockchain to fixing actual issues for actual individuals. These are the use circumstances that may drive the subsequent 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 subsequent wave of adoption
Rising threats pushed by synthetic intelligence instruments, together with deepfakes and different misinformation campaigns, are one other use case blockchain expertise may help resolve. Nailwal stated that the escalating menace of misinformation and rising shopper insistence on trusted sources will finally lead to 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 invaluable 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 putting his full wager on blockchain’s immutable nature to rework financial forecasting, policy-making and journalism, amongst others.
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