Blockchain

TCS Presents Blockchain-Supported Quartz DevKit For Business Entities

Working as the brainchild of the globally reputed Indian conglomerate, the Tata Group, Tata Consultancy Services, has broadcasted the news about the launch of a revolutionary blockchain-pegged development kit branded by the name of Quartz DevKit.

On Monday, the world-class technology firm TCS broke the news about its highly anticipated project, which is focused on providing the necessary assistance to the business enterprises in creating and deploying blockchain applications seamlessly on reputed platforms like Ethereum.

“We developed the Quartz DevKit to help their teams rapidly put together high-quality pilots using smart contracts on any platform with reduced coding effort. We have received very positive feedback from our pilot customers, and are pleased to make the DevKit available for use at scale,” quoted R Vivekanand, the global chief of Quartz, TCS.

According to the reports, the Quartz DevKit will be studded with pre-built templates for the users, which will facilitate the DApp developers to build blockchain apps nearly 40% quicker in comparison to other platforms. Apart from the Quartz DevKit, the newly-launched blockchain solution suite Quartz will also comprise of:

  • a suite of “designed for blockchain” business solutions for various industrial domains named Smart Solutions
  • a remarkable solution for the integration of the existing methodologies with blockchain solutions named as Quartz Gateway, and
  • a Quartz Command Center that will streamline the process of management and administration of the decentralized networks.

“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,” quoted the firm.

The Quartz ecosystem will provide an unprecedented platform that will collaborate with the existing systems, lend support to the operability of multiple blockchain solutions, along with efficient inter-operability with other participants of the network.

While describing the Quartz DevKit, the TCS team stated that it is “an intuitive, low code development kit for enterprises to quickly build and deploy blockchain applications on any popular blockchain platform…Its intuitive, web-based integrated development environment helps programmers seamlessly design, compile, package, and deploy business code on their preferred blockchain platform.”

Tata Consultancy Services shines as one of the biggest technology firms in the Indian subcontinent and boasts of a market capitalization share of more than $100 billion. The firm pooled in consolidated revenues of $20.9 billion in the previous fiscal year ended on March 31, 2019.

As per the statistics revealed by Grand View Research, the market size of the global blockchain industry is likely to touch the mark of $57.6 billion by 2025, with a CAGR of 69.4% from 2019 to 2015. With TCS launching its blockchain solution, Quartz the Indian market space is likely to enjoy lucrative benefits from the growing decentralized industry in the future.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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