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JUMPNET to grow its Proprietary Blockchain Platform Across India by Partnering & Investing with MOS Utility Pvt. Ltd. (MOS) | ||
Mumbai, Maharashtra, India
BSE listed and NSE traded, Jump Networks Limited (JUMPNET) - a technology company that provides next generation digital services on ultra-low bandwidth to the historically under-served sections of the society, is all set to invest and capitalise on a partnership with MOS Utility Pvt. Ltd. (MOS) to build it into one of the leading fintech companies in India. JUMPNET will migrate all of MOS’ operations to its proprietary blockchain platform. The partnership is expected to generate revenues of over INR 1000 crores in the next 12 months for JUMPNET.
The two organisations with their ‘phy-gital’ ecosystem have a lot of synergy and plan to reach a larger audience with existing as well as new products and services. JUMPNET, will migrate MOS’ existing services to its proprietary blockchain platform thus, upping the platform in its security, efficiency, services and enabling more innovation. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains several transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. It is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
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