Tata Consultancy Services to develop cross-industry Blockchain solutions with Microsoft, R3 technology

Tata Consultancy Services (TCS), an IT services, consulting, and business solutions organisation, is developing solutions to drive adoption of Blockchain.

The initiative will use technologies from Microsoft and R3, an enterprise Blockchain software firm.

TCS sees the need for horizontal cross-industry platforms on which scalable solutions can be rapidly developed. The company will offer a platform for hybrid cloud and another for microservices architecture on the Microsoft Azure Blockchain cloud. At the same time R3’s Corda Enterprise Blockchain platform will allow TCS to quickly develop and deliver application layer solutions.

TCS is developing five horizontal Blockchain platforms: for digital identity, track and trace, assets in common, asset monetisation, and tokenisation. Across these platforms, TCS has already identified numerous solution opportunities and is  leveraging customer and partner networks to build them out.

Platforms developed through the alliance be equipped with DevOps kits wherein assets from all three companies will 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 programmes.”

“Microsoft has been in the forefront of helping enterprises adopt Blockchain technology with its Azure Blockchain offerings and DevOps kits,” said Gavriella Schuster, Corporate VP, 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.”

“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 tokenisation and digital identity verification.”

TCS sees immediate benefits for its Quartz Blockchain customers in the financial services value chain. The expanded Blockchain platform solutions will enable TCS to engage customers further.

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