Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS

Tata Consultancy Services has announced the development of solutions for the adoption of blockchain across industries, using technologies from Microsoft and the blockchain enterprise, R3.

According to the company, it aims to scale up hybrid cloud infrastructure with new capabilities and a micro-services architecture which will enable enterprise customers to digitally transform their business. It plans to develop cross-industry platforms on Microsoft Azure blockchain cloud while utilizing the full potential of R3’s Corda Enterprise blockchain platform, allowing itself to deliver application layer solutions. The platform created as a part of the alliance will be provided with complete DevOps kits wherein assets from all three companies would be available for rapid design, building, and deployment.

“By collaboratively identifying the base capabilities needed for disruptive ecosystem use cases and by extracting reusable assets from engagements that we have executed, we are in a strong position to build and test minimum viable platforms for customers,” said Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS. “Some of the anchor solutions that we are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared telecom infrastructure for 5G, and loyalty and rewards programs.”

“Microsoft has been in the forefront of helping enterprises adopt blockchain technology with its Azure Blockchain offerings and DevOps kits,” said Gavriella Schuster, Corporate Vice President, One Commercial Partner, Microsoft. “This relationship would be valuable in accelerating adoption of these toolkits as well as in identifying future needs for rapid solution development and cloud hosting.”

TCS has been deploying its Quartz Blockchain Solutions for financial enterprises.

“This alliance is not just about bringing together each company’s products and services. It represents a rare opportunity for us to learn and develop solutions alongside one another so that the partnership is more than the sum of its parts,” said David E Rutter, CEO, R3. “It also provides a valuable ability to leverage joint networks of customers and partners to rapidly accelerate the adoption of Corda in key focus areas for R3, such as insurance, asset tokenization and digital identity verification.”

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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