Tata Consultancy Services (TCS) a leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix® for Enterprise Blockchain Services, for the second consecutive year1. Additionally, it was named a Star Performer for having top quartile year-on-year improvement in its scores.
The report highlights that TCS differentiates itself by building extensive intellectual property encompassing analysis frameworks, delivery methods, proprietary platforms such as Quartz™, and vertical solutions. It goes on to say that an ecosystem-centered thinking to build inter-industry and use-case-focused networks, helps TCS tap into its strength of running and managing platforms. According to the report, customers value TCS’ efforts to help develop business cases and understand return on investment.
“Organizations embracing Business 4.0™ require a shift in their mindsets to succeed in a decentralized and democratized digital age. To tap into the abundance, enterprises need to come together as part of a purposeful, incentivized, intelligent and experiential ecosystem powered by blockchain,” Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS. “This recognition is a validation of our vision and thought-leadership, investments, and capabilities in this space.”
“Our Quartz Blockchain solution is fast becoming the preferred choice of customers pursuing ecosystem strategies – creating frictionless transactions and bringing together stakeholders across the value chain – because it helps deliver unmatched speed to market and is architected to co-exist with extant systems within the enterprise, thereby reducing program risks while getting the full benefit of the blockchain technology,” said R Vivekanand, Global Head, Quartz, TCS.
Quartz – the Smart Ledgers™ solution, redefines how organizations can collaborate in an increasingly connected world, and leverage their collective strengths using blockchain technology. The suite comprises Smart Solutions, a set of ‘designed for blockchain’ business offerings for different industries; the Quartz DevKit, an intuitive, low code development kit for enterprises to quickly build and deploy blockchain applications on any popular blockchain platform; the Quartz Gateway for the integration of existing solutions with blockchain ecosystems; and the Quartz Command Center that can administer and monitor entire ecosystems.
Together, these solutions can help organizations set up truly connected ecosystems that run on blockchain technology, delivering real-time, efficient transaction processing based on a single source of truth on the ledger. The solutions can coexist with existing systems, support multiple blockchain platforms, and facilitate seamless integration with ecosystem participants.
Additionally, TCS has been investing in building blockchain platform solutions for ecosystems like a skills marketplace, multi-party loyalty management, e-mobility infrastructure, connected vehicles, and healthcare. These will help enterprises unlock significant business value as well as address some of the largest societal challenges.