A new report by Mudrex reveals increasing Web3 adoption among India’s Nifty 50 companies. Sixteen firms, representing 32% of the index, are exploring cryptocurrencies and blockchain for various applications. Major players like Reliance, Airtel, ITC, and TCS are leveraging Web3 for digital marketing initiatives, enhancing supply chain management processes, exploring Central Bank Digital Currencies (CBDCs), and facilitating cross-border trading activities. This indicates a growing institutional interest in Web3 technologies within the Indian market, with companies recognizing its potential to improve efficiency and innovate across different sectors. The report highlights a significant shift towards embracing emerging technologies within India’s leading corporations.
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
A new report by Mudrex reveals increasing Web3 adoption among India’s Nifty 50 companies. Sixteen firms, representing 32% of the index, are exploring cryptocurrencies and blockchain for various applications. Major players like Reliance, Airtel, ITC, and TCS are leveraging Web3 for digital marketing initiatives, enhancing supply chain management processes, exploring Central Bank Digital Currencies (CBDCs), and facilitating cross-border trading activities. This indicates a growing institutional interest in Web3 technologies within the Indian market, with companies recognizing its potential to improve efficiency and innovate across different sectors. The report highlights a significant shift towards embracing emerging technologies within India’s leading corporations.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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