NPCI Launches Blockchain-based "Vajra Platform"

The National Payments Corporation of India (NPCI) has launched a blockchain-technology based payment system 'Vajra Platform' for automating payment clearing and settlement processes.
Vajra platform is based on Distributed Ledger Technology (DLT), to provide highly secure and tamper-evident transactions stored in a distributed and immutable database.
Vajra is a permissioned network that will be set up so that only the parties who have been approved by the Network Administrator can be a part of the network.
The platform has three types of nodes: Clearing House node (CHN) for NPCI, UIDAI node for Aadhaar authentication, and Participant node (PN) for all banks/ASP/PPI/PSP.