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TCS Recognised as a Leader for Blockchain Services in an Independent Third Party Study

January 09, 2019 14:03
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Indian IT giant, Tata Consultancy Services (TCS) is recognised as a leader for Blockchain Services by Everest Group PEAK Matrix.

In the report, TCS’s account-level thought leadership and proactiveness to take ecosystem-centric and business outcome blockchain services to customers have been highlighted throughout. The report also notes about the company’s apps, infrastructure and operations-focused message for blockchain is very well grounded to reality and closer to the execution of projects. The company has managed to cover up the limitations around the technology by launching proprietary solutions.

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TCS offers advisory services, consulting, solution, platforms and full stack capabilities in developing blockchain solutions to businesses. With its Business 4.0 as the anchoring framework, Business Value Delivery Model for value realization and Machine First Delivery Model (MFDM) for the technology roadmap has helped it to position as a leader in the segment. And, help customers in their implementing blockchain services from ideation to full-scale development.

In its Blockchain pursuit, it has launched Quartz Blockchain solutions to help enterprises in the financial services value chain to leverage blockchain for agility and reduce transaction processing costs.

TCS has invested hugely in developing blockchain platform solutions for digital identity, track and trace, asset monetization and address the needs of multiple industries. It is also exploring the development of enterprise ecosystems powered by blockchain, that will help to unlock significant unrealized business potential and societal challenges.

Lakshminarasimhan Srinivasan, Global head, Blockchain Services, TCS said:

“This recognition from an independent, third-party researcher, is a validation of our vision and thought-leadership, investments, and capabilities in this space, specifically our comprehensive services strategy.”

“Enterprises are moving from competition and battle for control of resources to an era of abundance, purpose-driven ecosystems, and shared control. Blockchain technology is a critical enabler of this shift. The combinatorial effect of blockchain with other next-gen technologies such as artificial intelligence, Internet of Things, and virtual reality, cannot only drive hyper-productivity and business transformation but also open up new revenue streams through disruptive innovation.”

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