Context
The National Payments Corporation of India (NPCI) has recently launched the Drunix platform, a distributed ledger technology framework aimed at enabling secure, scalable, and enterprise-grade blockchain applications.
About Drunix
- Drunix is an enterprise-grade Distributed Ledger Technology (DLT) platform designed to support tokenisation, digital asset ecosystems, and multi-organisation blockchain networks.
- It is a private blockchain framework built for high scalability, performance, and large-scale deployment across enterprise and public infrastructure.
- Drunix is developed from an enhanced version of Hyperledger Fabric, an open-source enterprise blockchain framework.
- Hyperledger Fabric is an open-source enterprise blockchain framework developed under the Linux Foundation.
Blockchain Technology and its key features
- Blockchain, or Distributed Ledger Technology (DLT), is a digital system for recording and managing transactions or assets across a network of computers without relying on a central authority.
- Distributed Ledger: Data is stored across multiple nodes in a peer-to-peer network.
- Decentralisation: Network control is distributed among participants rather than a single entity.
- Consensus Mechanism: Transactions are validated according to predefined network rules before being recorded.
- Immutability: Once recorded, data is extremely difficult to alter or remove.
- Security: Cryptographic techniques such as hashing and digital signatures ensure data integrity and participant authentication.
