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9 January 2019 12: 40 & nbspUTC
| updated:
January 9, 2019 at 12: 40 & nbspUTC
The PEAK Matrix analysis of Everest Group revealed in a report that the Indian multinational consulting and consulting firm Tata Consultancy Services (TCS) is the leading Blockchain service provider.
The report highlights the proactive approach of TCS and its leadership in providing ecosystem-oriented Blockchain services to its customers.
The report also notes that the infrastructure, applications and operations of TCS are developed in such a way as to lead to successful implementation of Blockchain-based projects.
In particular, TCS has been able to overcome the drawbacks surrounding the distributed ledger technology to provide proprietary solutions.
Interestingly, TCS provides customers with various services in the Blockchain domain. They range from consulting, to services, to platforms, to solutions, to full stack functionality.
According to the report, TCS was able to position itself as a market leader because of its Business 4.0 as a binding framework.
This framework is defined by the Machine First Delivery Model for the technological roadmap and the Business Value Delivery Model for the supply of value.
The multinational offers complete services for the success of the development of Blockchain, from the point of conception to the complete development.
In an effort to help organizations in the financial sector take advantage of Blockchain technology to reduce transaction costs and provide greater agility, TCS launched the Quartz Blockchain.
As per the PEAK Matrix report, TCS is studying the development of Blockchain-based business ecosystems. These ecosystems will be able to help organizations never realize before potential, and will also lead to social changes.
The IT multinational has made huge investments in creating Blockchain-based platforms for asset monetization, digital identity and to meet the requirements of industries across the spectrum.
TCS's global head of Blockchain Services, Lakshminarasimhan Srinivasan reacted to the news by saying:
"This recognition by an independent third-party researcher is a validation of our vision and leadership of thought, investment and capacity in this space, in particular our comprehensive service strategy".
Swati Kishore
Swati has a strong interest in emerging technologies and loves to write them. He loves trance and is also interested in the philosophy of life.
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