TCS Ranked Among the Top 5 Blockchain Services Providers

LONDON/MUMBAI:
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been ranked among the top five providers in the HFS Top 10 for Enterprise Blockchain Services. TCS was ranked number two for its Delivery Footprint and number three for its Vision and Strategy.

“Blockchain is enabling collaborative industry models as well as enormous opportunities to innovate across the whole economy. At TCS, we demystify blockchain adoption for our customers with our consulting-driven services and Quartz™ solutions that help organizations across domains create value-based ecosystems by meaningfully leveraging blockchain technologies,” said R Vivekanand, Global Head, Quartz, TCS. “Our positioning in this report is a validation of our strategic focus and comprehensive capabilities in building blockchain platform solutions to drive large scale transformation, across the financial sector, supply chain and logistics, pharma, energy and utilities and e-governance.”

TCS offers a unique value proposition by bringing together its blockchain smart solutions suite, comprehensive portfolio of tools and accelerators, and services, through a consulting-led, integrated framework. This framework empowers customers with a 360-degree view of their blockchain adoption journey. It gives customers the opportunity to leverage TCS’ cross-industry domain knowledge and experience across multiple blockchain platforms, protocols, and partner ecosystems to help accelerate enterprise business transformation.

TCS’ Quartz provides foundational technology, tools, and business components for creating distributed ledger solutions across varied industries. Quartz solutions are designed to enable institutional grade, secure custody, and transaction management for crypto and digital assets, digital identities, and provenance. The Quartz suite of solutions are architected for co-existence, integration, and interoperability, enabling customers to assimilate blockchain technology into their businesses seamlessly.

The solutions support a range of business services including wallet operations, exchange and off-market trading, transfer of cryptocurrencies, token issuance and the entire lifecycle of digital assets, with transaction monitoring, compliance, and audit integrated within each service.

Sam Duncan, Associate Director – Research, HFS, said, “Clients cited TCS’ global delivery footprint, technology expertise and stakeholder management as key strengths that help them drive blockchain adoption. This, alongside their ecosystem vision and investments in the space, including TCS’ Quartz, position them well to support clients in the thriving enterprise blockchain market.”