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TCS to develop scalable cross-industry blockchain platform solutions


(TCS) said on Thursday it is developing solutions to drive scaled adoption of blockchain across industries, using technologies from and R3, a leading firm.

As enterprises are gearing up to go beyond experimentation and exploration with blockchain technology, sees the need for horizontal cross-industry platforms on which scalable solutions can be rapidly developed.

The company thus plans to scale up with new capabilities and a micro-services architecture which will enable enterprise customers to digitally transform their while uncovering new value.

"The platforms will sit on Azure blockchain cloud while harnessing the full potential of R3's Corda Enterprise blockchain platform, allowing to quickly develop and deliver application layer solutions," it said.

has already identified and is developing five blockchain platforms that include, digital identity, track and trace, assets in common, asset monetisation and tokenisation. Across these horizontal platforms, it has identified numerous solution opportunities and is building them out by leveraging their respective customer and

"By collaboratively identifying the base capabilities needed for disruptive ecosystem use cases and by extracting reusable assets from engagements that we have executed, we are in a strong position to build and test minimum viable platforms for customers," said Lakshminarasimhan Srinivasan, of

"Some of the that we are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared for 5G, and loyalty and rewards programmes," he said.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 13:30 IST