Answer: Vajra
Notes: The National Payments Corporation of India (NPCI) is set to launch its new block-chain based platform, which is named as ‘Vajra’. The new payment platform will be based on ‘Distributed Ledger Technology’ (DLT).
The platform is expected to make the payments secure and the transactions would be stored in a decentralised database. The bank nodes after receiving the requests from the Unified Payments Interface (UPI) will process them on the Vajra platform.
