TCS (Tata Consultancy Services) was named a leader in the Everest Group’s “PEAK Matrix for Enterprise Blockchain Services“. This was for the second consecutive year.
“Enterprise-grade readiness of blockchain platforms and the evolution of underlying blockchain frameworks to align with specific business issues are signaling the next wave of blockchain adoption, from pilots to production. Leading IT service providers are developing capabilities to run and maintain blockchain networks while also driving consortia building efforts among clients,” said Ronak Doshi, Vice President, Everest Group.
“TCS’ vision for ecosystem-centered thinking and investments in proprietary platforms and verticalized solutions have enabled it to accelerate clients’ blockchain journeys. Efforts to assist clients in accelerating the return on investment and the industry-leading growth of its blockchain services practices has helped TCS gain a Leader and Star Performer positions on Everest Group’s second edition of the blockchain services PEAK Matrix assessment.”
TCS and the PEAK Matrix for Enterprise Blockchain Services report
The report highlights how TCS differentiates itself by building extensive intellectual property encompassing:
- analysis frameworks
- delivery methods
- proprietary platforms – such as Quartz
- vertical solutions.
It goes on to say that, with an ecosystem-centered on thinking how to build inter-industry and use-case-focused networks, TCS is able tap into its strength of running and managing platforms. According to the report, customers value TCS’ ability to help:
- develop business cases
- understand return on investment.
“Organizations embracing Business 4.0™ require a shift in their mindsets to succeed in a decentralized and democratized digital age. To tap into the abundance, enterprises need to come together as part of a purposeful, incentivized, intelligent and experiential ecosystem powered by blockchain,” Lakshminarasimhan Srinivasan, Global Head, Blockchain Services, TCS.
“This recognition is a validation of our vision and thought-leadership, investments, and capabilities in this space.”
The Quartz dimension
Quartz, a smart ledger solution suite, defines how organisations can collaborate in an increasingly connected world. It leverages collective strengths using blockchain technology. The suite comprises:
- the Quartz DevKit, a low code development kit for enterprises to build and deploy blockchain applications on any popular blockchain platform
- Smart Solutions, a set of ‘designed for blockchain’ business offerings for specific industries
- the Quartz Gateway – for the integration of existing solutions with blockchain ecosystems
- the Quartz Command Center – for administering and monitoring entire ecosystems.
Together these solutions assist enterprises and organisations:
- set up connected ecosystems running on blockchain technology
- deliver real-time, efficient transaction processing based on a single source of truth on the ledger.
“Our Quartz Blockchain solution is fast becoming the preferred choice of customers pursuing ecosystem strategies – creating frictionless transactions and bringing together stakeholders across the value chain – because it helps deliver unmatched speed to market and is architected to co-exist with extant systems within the enterprise, thereby reducing program risks while getting the full benefit of the blockchain technology,” said R Vivekanand, Global Head, Quartz, TCS.
Enterprise Times: what does this mean
Winning analyst ‘commendations’ look good, but more to specific vendors than to most enterprise end users. Nevertheless, the Everest Group analysis does emphasise TCS strengths.
Specifically, enterprises will value that new blockchain solutions can coexist with existing systems as well as support multiple blockchain platforms and facilitate integration with broader ecosystems. To enable this TCS demonstrates its commitment by investing in building blockchain platform solutions such as:
- a skills marketplace
- multi-party loyalty management
- e-mobility infrastructure
- connected vehicles