Indian tech giant Tata Consultancy Services (TCS), having a market capitalization of over $100 billion, has launched a blockchain development kit.
Announced Monday, TCS said the Quartz DevKit is aimed at helping enterprises build and deploy blockchain applications faster on platforms such as Ethereum, Hyperledger Fabric or R3 Corda.
The kit has pre-built templates, which helps developers “write smart contracts 40% faster,” said TCS, which recorded consolidated revenues of $20.9 billion in the fiscal year ended March 31, 2019.
“Many of our customers, across industries, are leveraging blockchain technology to establish frictionless transactions across their extended ecosystem. We developed the Quartz DevKit to help their teams rapidly put together high-quality pilots using smart contracts on any platform with reduced coding effort,” said R Vivekanand, global head of Quartz at TCS.
TCS’ Quartz range of solutions also includes Gateway and Command Center offerings, which help integrate existing applications with blockchain networks and facilitate administering and monitoring of those networks.
“Together, these solutions can help organizations set up truly connected ecosystems that run on blockchain technology, delivering real-time, efficient transaction processing based on a single source of truth on the ledger,” said TCS.