Tata Consultancy Services Ranked Number Two for its Delivery Footprint and Number Three for its Vision and Strategy
LONDON | MUMBAI, January 25, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been ranked among the top five providers in the HFS Top 10 for Enterprise Blockchain Services[1]. TCS was ranked number two for its Delivery Footprint and number three for its Vision and Strategy.
“Blockchain is enabling collaborative industry models as well as enormous opportunities to innovate across the whole economy. At TCS, we demystify blockchain adoption for our customers with our consulting-driven services and Quartz solutions that help organizations across domains create value-based ecosystems by meaningfully leveraging blockchain technologies,” said R Vivekanand, Global Head, Quartz, TCS. “Our positioning in this report is a validation of our strategic focus and comprehensive capabilities in building blockchain platform solutions to drive large scale transformation, across the financial sector, supply chain and logistics, pharma, energy and utilities and e-governance.”
TCS offers a unique value proposition by bringing together its blockchain smart solutions suite, comprehensive portfolio of tools and accelerators, and services, through a consulting-led, integrated framework. This framework empowers customers with a 360-degree view of their blockchain adoption journey. It gives customers the opportunity to leverage TCS’ cross-industry domain knowledge and experience across multiple blockchain platforms, protocols, and partner ecosystems to help accelerate enterprise business transformation.
TCS’ Quartz provides foundational technology, tools, and business components for creating distributed ledger solutions across varied industries. Quartz solutions are designed to enable institutional grade, secure custody, and transaction management for crypto and digital assets, digital identities, and provenance. The Quartz suite of solutions are architected for co-existence, integration, and interoperability, enabling customers to assimilate blockchain technology into their businesses seamlessly.
The solutions support a range of business services including wallet operations, exchange and off-market trading, transfer of cryptocurrencies, token issuance and the entire lifecycle of digital assets, with transaction monitoring, compliance, and audit integrated within each service.
Sam Duncan, Associate Director – Research, HFS, said, “Clients cited TCS’ global delivery footprint, technology expertise and stakeholder management as key strengths that help them drive blockchain adoption. This, alongside their ecosystem vision and investments in the space, including TCS’ Quartz, position them well to support clients in the thriving enterprise blockchain market.”
About Tata Consultancy Services (TCS)Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.
[1] HFS Top 10 Enterprise Blockchain Service Providers, Sam Duncan, HFS Research, December 2021
