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TCS' Quartz™ DevKit Adds Ethereum, Now Supports Top 3 Blockchain Platforms

Posted On: 2020-12-02 00:41:38 (Time Zone: Arizona, USA)


Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced the availability of support for Ethereum in its Quartz™ DevKit solution. With this, the intuitive, unified development platform for decentralized applications now supports deployment of smart contracts on the top three blockchain platforms: Hyperledger Fabric, R3/Corda, and Ethereum.

Quartz DevKit allows programmers to write business code that can be translated and deployed based on the technical requirements of the underlying platform. The unified platform strategy ensures that developers have the freedom to work across blockchain technologies, and to deploy business applications in an agile development model. It comes bundled with several foundational features such as user access and version control, UI based deployment options, as well as built-in quality checks, which significantly improve code quality and productivity. Quartz DevKit has been used successfully in rolling out over 15 blockchain applications across various industry verticals, which stands testimony to its ability to enable organizations to implement blockchain technology at scale.

The unified solution has been enhanced to support Ethereum's functions and modifiers, enabling programmers to develop Ethereum Dapps and wallets. It generates smart contracts/ Ethereum Dapps using its advanced build framework, which can be directly deployed on an Ethereum network. The DevKit's built-in integrated development environment has been enhanced to support Solidity, one of the most popular and widely used Ethereum programming languages today. The code quality checker and vulnerability analyzer have been designed to help in the early detection of anomalies thus allowing programmers to generate a robust package for deployment.

"Decentralized applications leveraging open platforms are becoming one of the most sought-after technology and design preferences for enterprises. With the Quartz Devkit, enterprises can now build next generation decentralized solutions that are scalable, interoperable, easily adoptable and support smart contracts across a range of industries. Ethereum with its ability to enable deployment of solutions on the public Ethereum Mainnet as well as on the private permissioned Ethereum enterprise blockchain, can offer the much-needed flexibility and choice in their product launch strategy. Quartz DevKit, with its advanced build framework and out-of-the-box support for Ethereum functions will empower the growing community of users and enterprises in deploying their decentralized applications on this technology," said R Vivekanand, Global Head, Quartz, TCS.

In line with TCS' multi-platform strategy, business solutions developed using DevKit can also be migrated from one platform to another seamlessly, at a fraction of the time needed for fresh development on a new platform. This key capability will provide enterprises with the flexibility and ability to benefit from new features being rolled out on underlying platforms, and also protect their investments in applications. Quartz DevKit will continuously be enhanced to support additional blockchain technologies in the future, underscoring TCS' commitment in ensuring that customers have access to the latest technological advancements in distributed ledger technology.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2726.95 as compared to the previous close of Rs. 2679.15. The total number of shares traded during the day was 90136 in over 7080 trades.

The stock hit an intraday high of Rs. 2735 and intraday low of 2625.1. The net turnover during the day was Rs. 242663048.


Source: Equity Bulls

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