Indian IT Firm TCS Recognised as Leading Blockchain Service Provider

By Swati Kishore

Everest Group’s PEAK Matrix analysis has revealed in a report that the Indian multinational informational technology service and consulting firm, Tata Consultancy Services (TCS), is the leading provider of Blockchain services.

The report highlights TCS’s proactive approach as well as thought leadership in providing ecosystem-oriented Blockchain services to its clients.

The report also notes that TCS’s infrastructure, applications, and operations are developed such that they lead to the successful execution of Blockchain-based projects.

Notably, TCS has been able to overcome the drawbacks surrounding distributed ledger technology to provide proprietary solutions.

Interestingly, TCS provides clients with various services in the Blockchain domain. They range from consulting, services, platforms, solutions, to full stack capabilities.

According to the report, TCS has been able to position itself as the market leader owing to its Business 4.0 as the binding framework.

This framework is defined by the Machine First Delivery Model for the tech roadmap and Business Value Delivery Model for the delivery of value.

The multinational firm offers complete services for the successful deployment of Blockchain- from the point of ideation to full-scale development.

In an effort to help organizations in the financial domain leverage Blockchain tech to decrease transactions costs and provide more agility, TCS has launched the Quartz Blockchain.  

As per the report by PEAK Matrix, TCS is looking into the development of Blockchain-powered enterprise ecosystems. Such ecosystems will be able to help organisations realize never before potential, and they will also bring about societal changes.

The multinational IT firm has made huge investments in creating Blockchain-based platforms for asset monetization, digital identity as well as to meet the requirements of industries across the spectrum.

The Global Head of Blockchain Services at TCS, Lakshminarasimhan Srinivasan reacted to the news by saying,

“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.”