TCS hosted a webinar on 28th January 2020, where leading Industry Analyst, Martha Bennett, Vice President and Principal Analyst, Forrester Research, shared her views from her extensive research on blockchain technology.
Guest Speaker: Martha Bennett
Topic: Blockchain: What’s in it for enterprises?
In her blockchain research, Martha has been focusing on demystifying this emerging technology, helping CIOs and strategy teams identify appropriate use cases and navigate the broad ecosystem of startups and established providers offering software and services. She believes that the breathless enthusiasm around blockchain seen in the last few years has given way to more pragmatic and realistic approaches to blockchain projects.
In this webinar hosted by TCS, Martha Bennett outlined how key strategic developments with blockchain (or DLT) are going into production today, how the technology has matured, key success factors for adoption and the outlook for 2020 and beyond.
The Rise of Enterprise Blockchains: A New Beginning to the era of Business Transformation
From the days of being perceived as the technology underpinning cryptocurrencies, blockchain has indeed come a long way. It is expected to have a far-reaching impact in industry segments spanning banking, financial services, payments, governance and supply chains. Conversations have shifted from ‘exploring’ blockchain to ‘implementing’ the technology for business areas where they can deliver maximum value to how blockchain-based ecosystems can be created to deliver greater trust, transparency and simplification of services. For this, organizations need to be able to integrate blockchain solutions alongside conventional systems, find ways to create or join ecosystems, as well as reimagine their business landscape using blockchain as a technology lever.
TCS has been closely studying the evolving blockchain dynamics and has a multi-pronged strategy that entails products, IT services and consulting assignments to support our customers in leveraging blockchain. We have designed and developed Quartz™ solution on the principles of Coexistence, Integration and Interoperability, comprising a rich set of 'Designed for blockchain' solutions spanning industries an intelligent smart contract development toolkit and applications that can help organizations adopt and integrate blockchain seamlessly into their businesses.
Our customers include TMX (Toronto Stock Exchange Group, Canada), CSCS (Nigerian Depository), Standard Bank (South Africa), Maroclear (Moroccan Depository), Kuwait Clearing Corporation amongst others. In addition, we are implementing solutions for a leading payments network as well as a large Stock Exchange in APAC, a private bank in Switzerland and a leading energy operator in Singapore.