NPCI Launches India’s Own Blockchain-Backed Open-Source Project ‘Falcon’: All Details
NPCI Launches India’s Own Blockchain-Backed Open-Source Project ‘Falcon’: All Details

India has been rather skeptical about accepting cryptocurrencies as part of its financial system, but is open to exploring blockchain technology. The National Payments Corporation of India (NPCI) announced on Aug. 29 the launch of Falcon, an open-source project aimed at simplifying the management and usage of blockchains based on “Hyperledger Fabric” and supported on Kubernetes clusters. Essentially, Falcon is expected to help developers innovate on blockchain-based payment solutions.

NPCI wrote in its report: “Whether you are a blockchain enthusiast, developer, or enterprise looking to use Hyperledger Fabric to harness the power of distributed ledger technology, Falcon is your go-to for efficient, reliable, and automated Fabric network deployments.” preferred solution.” official statement.

This offering from NPCI is expected to help blockchain developers use distributed ledger technology to facilitate efficient, reliable and automated deployment of web and Web3 solutions.

What is Hyperledger?

Hyperledger Fabric was initiated by Digital Asset and IBM, Investment Encyclopedia. Hyperledger Fabric is an enterprise-grade permissioned blockchain network. This framework is the basis for creating blockchain-based products and solutions.

What is a Kubernetes cluster?

Developed in 2014 by Google engineers Joe Beda, Brendan Burns, and Craig McLuckie, Kubernetes is an open source platform that helps manage packaged software code (also known as containerized applications). A Kubernetes cluster is a group of nodes running containerized applications.

“Kubernetes automates the operational tasks of container management and includes built-in commands for deploying applications, making changes to applications, scaling applications up and down to meet changing needs, monitoring applications, and more, making managing applications a breeze.” more easily,” google cloud has been explained in their blog post.

About NPCI’s Falcon Project

Falcon will combine elements of Kubernetes and Hyperledger to simplify the creation and maintenance of advanced blockchain solutions.

Many congratulated NPCI for launching Falcon, predicting that it could “accelerate the last mile delivery of blockchain-based solutions and enhance the developer experience.”

Back in 2020, NPCI designed “Vajra”, a blockchain-based system to automate the payment clearing and settlement process for NPCI products.

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