India has taken a rather skeptical stance on accepting cryptocurrencies as part of its financial systems, but maintains an open approach to exploring blockchain technology. The National Payments Corporation of India (NPCI) announced on August 29 the launch of Falcon – an open-source project that aims to simplify the management and use of blockchains, based on “Hyperledger Fabric” and supported on Kubernetes clusters. Essentially, Falcon is expected to help developers innovate in blockchain-based payment solutions.
“Whether you are a blockchain enthusiast, developer or enterprise looking to harness the power of distributed ledger technology using Hyperledger Fabric, Falcon is your go-to solution for efficient, reliable and automated Fabric network deployment,” the NPCI wrote. his report. official statement.
This offering from the NPCI is expected to help blockchain developers leverage the distributed ledger technology to enable efficient, reliable and automated deployment of network and Web3 solutions.
What is Hyperledger?
Hyperledger Fabric was initiated by Digital Asset and IBM, according to Investopedia. Hyperledger fabric is an enterprise-level blockchain network. The framework serves as the basis for creating blockchain-based products and solutions.
What are Kubernetes clusters?
Kubernetes, developed by Google engineers Joe Beda, Brendan Burns and Craig McLuckie in 2014, is an open source platform that supports the management of packaged software code, also known as containerized applications. A Kubernetes cluster is a set of nodes that run containerized applications.
“Kubernetes automates container management operational tasks and includes built-in commands for deploying applications, making changes to your applications, scaling your applications up and down to meet changing needs, monitoring your applications, and more – making it easier to manage applications. Google Cloud explains in its blog post.
About NPCI’s Falcon plans
Falcon will combine the elements of Kubernetes and Hyperledger to simplify the creation and maintenance of advanced blockchain solutions.
Many have congratulated NPCI on the launch of Falcon, predicting that it “could accelerate the last mile delivery of blockchain-based solutions and improve the developer experience.”
In 2020, the NPCI designed ‘Vajra’, a blockchain-based system for automating payment clearing and settlement processes for NPCI products.
