NEWS: NPCI Rolled out Drunix, to support Blockchain and Tokenisation Ecosystems
ABOUT
- Drunix marks NPCI’s (National Payments Corporation of India)à Second major open-source contribution in blockchain and tokenisation space, following Falcon, which focused on production-grade blockchain netw
- ork management and orchestration
- Open-source software/platformà Source code developed and maintained through open collaboration that anyone can use, examine, alter and redistribute at no cost
About Drunix
- An enterprise-grade distributed ledger technology
- Designed to help organizations build and scale tokenization platforms, digital asset ecosystems, and multi-organization networks.
- Custom-built private blockchain framework designed and developed by re-engineering Hyperledger Fabric.
- Hyperledger Fabricà Open-source enterprise blockchain framework developed under the umbrella of Linux Foundation.
About Blockchain Technology
- Advanced database mechanism that allows transparent information sharing within a business network.
- Stores data in blocks that are linked together in a chainà Chronologically consistent as one cannot delete or modify the chain without consensus from the network.
- Creates an unalterable or immutable ledger for tracking orders, payments, accounts; prevents unauthorised transaction entries, etc.
About Tokenisation
- Process that converts ownership rights of real-world assets (like real estate, commodities, artworks, financial instruments) into digital tokens secured on blockchain networks.
- Democratising access to investment opportunities; new possibilities for fractional ownership, enhanced liquidity, and streamlined transaction processes.