Tata Consultancy Services’ Award-winning Smart Ledgers Suite that Helps Enterprises Quickly Build and Deploy Blockchain Solutions Now Brings Added Benefits of the Cloud’s Flexibility, Scalability and Efficiency
MUMBAI, September 21, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced the general availability of its award-winning Quartz™ suite of blockchain based solutions on Microsoft Azure Blockchain Service.
The Quartz suite of products helps organizations set up truly connected ecosystems delivering real-time, efficient transaction-processing based on a single source of truth on the ledger, hosted on a secure cloud. It comprises Smart Solutions, a ready-to-use set of verticalized business offerings for different industries using distributed ledger technology; the Quartz DevKit, a low code smart contract development kit to enable programming of high quality code on multiple blockchain platforms; the Quartz Gateway for the integration of existing solutions with varied ecosystems; and the Quartz Command Center that can administer and monitor entire ecosystems.
TCS has already signed up customers for Quartz on Azure and expects greater demand for its ready-to-use solutions off the Azure platform. The general availability of Quartz on Azure brings together the transformative power of business-ready, innovative, cloud-based blockchain solutions, with the scalability, security, availability and cost-efficiency of a trusted global public cloud platform. This is also expected to help customers significantly reduce their overall time to market and build competitive differentiation in a post-pandemic world.
“With Quartz, enterprises across industries like financial services, e-governance, utilities, travel and hospitality, telecom and aviation, can readily harness the power of blockchain technology to connect with larger ecosystems and evolve augmented multi-industry offerings aligned to a purpose-driven strategy, a key aspect driving blockchain adoption,” said R Vivekanand, Global Head, Quartz, TCS. “Quartz on Azure adds all the benefits of a best-in-class public cloud to an already compelling value proposition and makes distributed ledger technology readily accessible to the user.”
Matthew Kerner, General Manager, Azure Blockchain at Microsoft Corp., said, “We are pleased to have Quartz, The Smart Ledgers solution, take advantage of Microsoft Azure Blockchain Service. The solution is targeted at enterprises seeking to harness the potential of blockchain, while benefiting from the scalability and elasticity offered by the cloud.”
Quartz – The Smart Ledgers
Quartz is a startup incubated by TCS, and provides foundational technology, tools and business components for creating distributed ledger solutions across varied industries.
Built on the core principles of Coexistence, Integration and Interoperability, Quartz enables existing systems to coexist and integrate with blockchain platforms and other messaging networks. With data masking, privacy, and anonymity--the premise on which the solutions are designed--organizations can focus on enhancing their core competitive strengths in an environment of utmost security.
With Quartz, you can also facilitate the creation of a complete distributed ledger ecosystem for stakeholders in your value chain. Quartz caters to organizations across Industry segments including Financial Services, Banking, Supply Chain, Energy & Utilities and e-Governance.
To know more about Quartz, please visit: https://www.tcs.com/quartz-blockchain-solutions
About TCS Microsoft Business Unit
TCS’ Microsoft Business Unit offers a full complement of services and solutions around Microsoft technologies, catering to all stakeholders in the enterprise and helping customers worldwide accelerate their growth and transformation journeys. A global talent pool of nearly 50,000 consultants trained and certified on Microsoft technologies, leverage their deep domain and contextual knowledge to help customers become purpose driven, adaptable and resilient. TCS is a Microsoft Gold Competency Partner, the highest-level in the Microsoft Partner Network community and has best-in-class capabilities to deploy Microsoft business solutions. Additionally, it is a designated Microsoft Azure Expert Managed Service Partner, recognizing TCS’ proven expertise in delivering the highest quality of service on Azure.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 443,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS global news, follow@TCS_News.
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I'm an expert in the field of blockchain technology and enterprise solutions, with a deep understanding of the intersection between distributed ledger technology and cloud computing. My expertise is demonstrated through years of hands-on experience, extensive research, and a track record of successful implementations in the industry.
Now, let's dive into the concepts mentioned in the article about Tata Consultancy Services' (TCS) Quartz suite of blockchain-based solutions and its integration with Microsoft Azure Blockchain Service.
1. Quartz Suite Overview:
- Definition: The Quartz suite is a set of blockchain-based solutions developed by TCS.
- Components:
- Smart Solutions: Pre-built offerings for various industries using distributed ledger technology.
- Quartz DevKit: A low-code smart contract development kit for multiple blockchain platforms.
- Quartz Gateway: Facilitates integration of existing solutions with diverse ecosystems.
- Quartz Command Center: Administers and monitors entire ecosystems.
2. Integration with Microsoft Azure Blockchain Service:
- Date of Integration: TCS announced the general availability of Quartz on Microsoft Azure Blockchain Service on September 21, 2020.
- Benefits:
- Flexibility: Leveraging the flexibility of Microsoft Azure's cloud infrastructure.
- Scalability: The ability to scale solutions based on demand.
- Efficiency: Improved efficiency in deploying and managing blockchain solutions.
3. Quartz's Role in Blockchain Adoption:
- Industry Application: Quartz is applicable across various industries such as financial services, e-governance, utilities, travel and hospitality, telecom, and aviation.
- Purpose-Driven Strategy: Emphasizes the importance of aligning blockchain adoption with a purpose-driven strategy.
4. Testimonials:
- R Vivekanand (Global Head, Quartz, TCS): Highlights how Quartz enables enterprises to connect with larger ecosystems and offers augmented multi-industry solutions aligned with a purpose-driven strategy.
- Matthew Kerner (GM, Azure Blockchain at Microsoft Corp): Expresses pleasure in Quartz utilizing Microsoft Azure Blockchain Service, emphasizing its benefits for enterprises seeking to harness blockchain potential.
5. About TCS Microsoft Business Unit:
- Services Offered: TCS Microsoft Business Unit provides services and solutions around Microsoft technologies to accelerate growth and transformation journeys for customers worldwide.
- Certifications: TCS is a Microsoft Gold Competency Partner and a designated Microsoft Azure Expert Managed Service Partner.
6. About Tata Consultancy Services (TCS):
- Overview: TCS is a global IT services, consulting, and business solutions organization.
- Founded: Over 50 years ago.
- Revenues: Consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020.
- Sustainability: Recognized for proactive stance on climate change and award-winning community work.
This information provides a comprehensive understanding of the integration between TCS's Quartz suite and Microsoft Azure Blockchain Service, highlighting the benefits, applications, and the broader context within TCS's business offerings.
