Blockchain today is fostering collaboration between multiple organizations in a value chain, eliminating redundancies, reducing risk and time. It is being explored in areas as varied as digital identities and registries, payments, clearing and settlement, and information exchange. Industry consortia and technology companies are actively working together to promote blockchain adoption for encouraging cost optimization, reduction of redundancies, and improvement of process efficiencies.
Quartz is targeted at helping the entire financial industry – commercial and private banks, market infrastructure institutions, custodians, insurance companies, asset and wealth management firms, registrars, and transfer agents leverage blockchain.in order to drive business value and improve efficiencies.
The Quartz solution comprises:
- Quartz Smart Solutions: Complete solutions with business (domain) aware “Smart Contracts” that drive processing on the blockchain platform.
- Blockchain enabled solutions: Our solutions are continuously being enhanced to embed ‘blockchain awareness’.
- Quartz Gateway: Quartz Gateway is a single, smart channel that can help integrate with third-party solutions and various blockchain platforms and technologies.
- Quartz DevKit: Quartz DevKit is designed to help developers who are part of an IT team to introduce blockchain into their business processes and generate, compile, package, and deploy business code on the blockchain platform.
- Networks and Ecosystems: Quartz can help organizations in the creation of industry networks and ecosystems that facilitate easy connectivity to them.
- Process and settle transactions real-time (T+0)
- Automate business processes and functions with Smart Contracts
- Eliminate data duplication and associated reconciliation issues
- Ensure data integrity with cryptographic encryption of data, making it immutable
- Restrict access (private permissioned ledger) to ensure greater security
- Help integrate existing/legacy systems with blockchain solutions