Is Chiliz built on Ethereum?

Could you please clarify for me? I'm trying to understand the technological foundation of Chiliz. Is Chiliz indeed constructed on the Ethereum blockchain? If so, what are the advantages or reasons behind this choice? Also, how does this integration with Ethereum impact the functionality and performance of Chiliz? Would it make transactions faster or more secure? Lastly, is there any potential drawback or limitation due to being built on Ethereum that I should be aware of? Thank you for your assistance in clarifying this matter.