TCS to implement Quartz Smart Solution for Zapaygo
By Megha Bhattacharya
TCS today announced that it will be implementing the Wallets and Rewards solution from Quartz – The Smart Ledgers at UK-based startup Zapaygo in a bid to boost its pre-order mobile ordering and payment platform designed for the entertainment, hospitality and leisure industry. The company’s hybrid blockchain platform will be providing wallet services to Zapaygo’s customers through tokens managed on the public blockchain and leverage a private permissioned network for rewards program management.
Elliot Hall, Founder CEO & Chairman, Zapaygo, said, “We were impressed by the start-up friendly aspect of Quartz and the solution’s technical capability to help us launch to aggressive timeframes and support our vision of geographical expansion. The objective is to support numerous merchant venues and redefine how they deliver services, and in the process increase customer loyalty. The solution from Quartz provides a hybrid network that allows our customers to pre-order goods and services from merchants utilizing the rewards on the private blockchain network and manage the Zap tokens on the public network simultaneously.”
The partnership will allow customers to purchase, avail, and redeem reward points from merchants instantaneously while also managing ZAPS in a secure manner in wallets using cryptographic keys. In addition, the Quartz Command Center will facilitate monitoring and administration of the entire ecosystem. The Quartz suite of solutions will be offered in a managed services model running on a private cloud.
R Vivekanand, Global Head, Quartz, TCS, said, “…The solution can be used to securely hold tokens in wallets and manage the end-to-end rewards management process, ushering in more efficiency, transparency, and ultimately a superior customer experience. Quartz has the potential to transform dormant loyalty points held in multiple end-customer accounts into an easily redeemable token on a secure distributed ledger, and will foster trust and allegiance to brands.”