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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Tata Consultancy Services : TCS' Quartz DevKit Adds Ethereum, Now Supports Top 3 Blockchain Platforms

12/03/2020 | 05:13am EDT

Tata Consultancy Services'Quartz DevKit Solution Enables Enterprises to Rapidly Deploy Decentralized Business Solutions on Multiple Blockchain Technology Platforms.

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced the availability of support for Ethereum in its Quartz DevKit solution. With this, the intuitive, unified development platform for decentralized applications now supports deployment of smart contracts on the top three blockchain platforms: Hyperledger Fabric, R3/Corda, and Ethereum.

Quartz DevKit allows programmers to write business code that can be translated and deployed based on the technical requirements of the underlying platform. The unified platform strategy ensures that developers have the freedom to work across blockchain technologies, and to deploy business applications in an agile development model. It comes bundled with several foundational features such as user access and version control, UI based deployment options, as well as built-in quality checks, which significantly improve code quality and productivity. Quartz DevKit has been used successfully in rolling out over 15 blockchain applications across various industry verticals, which stands testimony to its ability to enable organizations to implement blockchain technology at scale.

The unified solution has been enhanced to support Ethereum's functions and modifiers, enabling programmers to develop Ethereum Dapps and wallets. It generates smart contracts/ Ethereum Dapps using its advanced build framework, which can be directly deployed on an Ethereum network. The DevKit's built-in integrated development environment has been enhanced to support Solidity, one of the most popular and widely used Ethereum programming languages today. The code quality checker and vulnerability analyzer have been designed to help in the early detection of anomalies thus allowing programmers to generate a robust package for deployment.

'Decentralized applications leveraging open platforms are becoming one of the most sought-after technology and design preferences for enterprises. With the Quartz Devkit, enterprises can now build next generation decentralized solutions that are scalable, interoperable, easily adoptable and support smart contracts across a range of industries. Ethereum with its ability to enable deployment of solutions on the public Ethereum Mainnet as well as on the private permissioned Ethereum enterprise blockchain, can offer the much-needed flexibility and choice in their product launch strategy. Quartz DevKit, with its advanced build framework and out-of-the-box support for Ethereum functions will empower the growing community of users and enterprises in deploying their decentralized applications on this technology,' said R Vivekanand, Global Head, Quartz, TCS.

In line with TCS' multi-platform strategy, business solutions developed using DevKit can also be migrated from one platform to another seamlessly, at a fraction of the time needed for fresh development on a new platform. This key capability will provide enterprises with the flexibility and ability to benefit from new features being rolled out on underlying platforms, and also protect their investments in applications. Quartz DevKit will continuously be enhanced to support additional blockchain technologies in the future, underscoring TCS' commitment in ensuring that customers have access to the latest technological advancements in distributed ledger technology.

Quartz - The Smart Ledgers

Quartz - the Smart LedgersTM, is a startup incubated by TCS, and provides foundational technology, tools and business components for creating distributed ledger solutions across varied industries. Quartz 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, a 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 blockchain ecosystems; and, the Quartz Command Center that can administer and monitor entire ecosystems. 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 eGovernance.

To know more about Quartz, please visit: https://www.tcs.com/quartz-blockchain-solutions

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 453,000 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.

For TCS global news, follow @TCS_News

Quartz Media Contacts:

Dennis Roman

Email: dennis.roman@tcs.com

Phone: +1 561 865 3339

Anjana Chandrika

Email: anjana.srikanth@tcs.com

Phone: +91 8067256963

TCS Media Contacts

Asia Pacific

Email: charlene.lee@tcs.com

Phone: +65 9138 4370

Australia and New Zealand

Email: Kelly.ryan@tcs.com

Phone: +61 422 989 682

Benelux

Email: Joost.galema@tcs.com

Phone: +31 615 903387

Canada

Email: tia.thomas@tcs.com

Phone: +1 647 790 7602

Europe

Email: mattias.afgeijerstam@tcs.com

Phone: +46723989188

India

Email: arushie.sinha@tcs.com

Phone: +91 22 6778 9960

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: martin.karich@tcs.com

Phone: +569 6170 9013

Nordics

Email: roland.bagen@tcs.com

Phone: +46703178024

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: william.thomas@tcs.com

Phone: +1 203 984 3978

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2022 1 906 B 25 864 M 25 864 M
Net income 2022 393 B 5 330 M 5 330 M
Net cash 2022 415 B 5 636 M 5 636 M
P/E ratio 2022 36,4x
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Number of Analysts 37
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Average target price 3 609,95 INR
Spread / Average Target -6,55%
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Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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