NPCI Launches Blockchain-based Payment Platform

NPCI officially revealed a blockchain-based payments platform named “Vajra”. Vajra is a Distributed Ledger system for automated payment, clearing & settlement offers highly secure and tamper-evident transactions. NPCI explained, “The platform is named as ‘Vajra Platform’. A permissioned network will be set up so that only the parties who have been approved by the Network Administrator can be a part of the network.”

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