TCS Developing New Solutions to Drive Blockchain Adoption

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The new TCS solutions will use Microsoft Azure Blockchain Cloud while harnessing the full potential of R3’s “Corda Enterprise” Blockchain platform

With an aim to drive Blockchain adoption across industries, Tata Consultancy Services (TCS) is developing solutions using technologies from Microsoft and enterprise blockchain software firm R3.

The company is developing five Blockchain platforms that include digital identity, track and trace, assets in common, asset monetisation and tokenisation.

The new TCS solutions will use Microsoft Azure Blockchain Cloud while harnessing the full potential of R3’s “Corda Enterprise” Blockchain platform, the company said in a statement.

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According to Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS, some of the anchor solutions that they are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared telecom infrastructure for 5G and loyalty and rewards programmes.

TCS has been successfully deploying its “Quartz Blockchain Solutions” for enterprises in the financial services value chain.

(With input from IANS)

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