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Blockchain News

India’s NPCI Launches Blockchain-Backed Project: Falcon

Falcon will make the creation and maintenance of blockchain solutions easier with the help of the combined features of Kubernetes and Hyperledger.

Written By:
Jalpa Bhavsar

Last updated: February 12, 2024 6:05 AM
Published 2023-08-31
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Last updated: February 12, 2024 6:05 AM
Published 2023-08-31
India’s NPCI Launches Blockchain-Backed Project: Falcon

The National Payments Corporation of India (NPCI) announced the launch of an open-source project named ‘Flacon’ to simplify the management and use of blockchain. 

Falcon is your go-to solution for efficient, reliable, and automated Fabric network deployment. (More details: https://t.co/NvS3Aivopb) NPCI invites you to collaborate and create transformative engineering projects that will redefine the financial world. (5/5)#NPCI pic.twitter.com/sQjhGVuYoV

— NPCI (@NPCI_NPCI) August 29, 2023

The NPCI has always been optimistic about India’s development of digital currencies as part of its financial system, which has wholly reimagined payments and commerce. 

Now, the NPCI is taking an approach toward blockchain technology and starting a new journey with OPEN SOURCING Falcon, a Hyperledger Fabric Deployment Helper, which was created under a GPL license (GPL-3.0). 

Falcon is designed to simplify the deployment and management of Hyperledger Fabric-based blockchain networks on Kubernetes clusters. In a Kubernetes environment, the project also focuses on solving complex processes like setting up, configuring, and maintaining Fabric nodes, peers, orderers, and channels. 

In the official statement, NPCI said, “Whether you’re a blockchain enthusiast, developer, or enterprise seeking 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.”

With the help of this NPCI project, blockchain developers should be able to use distributed ledger technology to enable effective, dependable, and automated deployment of network and Web3 solutions.

Also Read: Web3 Leader Zeeve Joins Forces with India Blockchain Alliance

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.

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