- Jio partners with Aptos to launch blockchain rewards for 500M users in India
- Beta testing with 9.4 million users evaluates performance before full-scale reward rollout
- Aptos blockchain ensures low-cost, scalable rewards amid token market pressure
Indian telecom leader Reliance Jio has teamed up with Aptos Foundation and Aptos Labs to roll out blockchain-based rewards for its massive 500 million user base.
The goal is to put usable digital rewards inside Jio’s consumer services without users needing to learn crypto first.
Scale And Beta Testing: 9.4 Million Live Users
Reliance Jio plans to use Aptos’ high-speed, low-cost infrastructure to distribute rewards through its network services. Aptos’ blockchain, designed for scalability and fast settlement, provides a strong foundation for a project of this magnitude.
The system is already in beta testing, with approximately 9.4 million users experimenting with the reward platform. This stage allows the companies to assess performance under heavy transaction loads and fine-tune usability before a full-scale launch.
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The collaboration underscores a growing push among major companies to integrate blockchain into mainstream consumer ecosystems. By emphasizing real-world use cases, Jio and Aptos aim to move blockchain adoption beyond trading and speculation. Consequently, the initiative could pave the way for millions of users in India to interact with decentralized technology without prior exposure to cryptocurrencies.
Aptos Provides Technical Support and Infrastructure
Aptos Labs will provide the technical backbone for the initiative, ensuring that Jio’s blockchain rewards operate securely and efficiently. The platform will handle large transaction volumes while keeping costs minimal, a crucial factor for Jio’s vast customer base.
Moreover, Aptos’ modular design makes it adaptable for future expansions, including potential integrations with financial and digital identity services.
Market Context: APT Price And Signals
The move comes as Aptos faces market pressure. The APT token trades at $3.49 after falling over 30% in the past week.
Despite the decline, momentum indicators suggest the asset may be nearing a short-term rebound zone. The Relative Strength Index sits at 33.56, approaching oversold levels. However, bearish momentum remains evident as the MACD shows continued downward strength.
Related: Aptos Labs Joins OMFIF Panel with Franklin Templeton and Stellar to Advance Regulated Finance on Public Blockchains
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Source: https://coinedition.com/reliance-jio-aptos-pilot-blockchain-rewards-for-9-4m-user-base/
