Indian tech tycoon Tata Consultancy Services (TCS), having a market capitalization of more than $100 billion, has rolled out a blockchain development kit.
The kit has pre-built templates, which enables developers to “write smart contracts 40% faster,” said TCS, which recorded total incomes of $20.9 billion in the fiscal year that ended March 31, 2019.
“Many of our customers, across industries, are leveraging blockchain technology to establish frictionless transactions across their extended ecosystem. We developed the Quartz DevKit to help their teams rapidly put together high-quality pilots using smart contracts on any platform with reduced coding effort,” stated R Vivekanand, global head of Quartz at TCS.
TCS’ Quartz various solutions include Gateway and Command Center offerings, which assist in linking current applications with blockchain networks and facilitate monitoring and administering of those networks.
“Together, these solutions can help organizations set up truly connected ecosystems that run on blockchain technology, delivering real-time, efficient transaction processing based on a single source of truth on the ledger,” TCS stated.