Quartz Ledgers 

ABSTRACT

Built on the core principles of coexistence, integration and interoperability, Quartz Ledgers enables existing systems to integrate with blockchain platforms and other messaging networks. 

Quartz Ledgers enables organizations to seamlessly jumpstart their blockchain implementation, by offering predefined, off-the-shelf ledger structures, data models, functions and APIs. These foundational components act as “building block” for agile development of distributed solutions.

Challenge

Distributed ledger technology is increasingly being seen as a foundational technology with businesses across industry domains looking to leverage it in driving their digital transformation journeys. Blockchain can help in the creation of connected ecosystems to manage business processes and collaborate with multiple stakeholders in a safe and transparent manner. However, certain challenges can prevent organizations from adopting DLT at scale – especially the continuous and rapid evolution of the technology and the shortage of skilled resources who can understand the intricacies of multiple blockchain platforms. These challenges can lead to potential delays in launching new business services on DLT.

Solution

Quartz Ledgers aims to address these challenges by providing solution components that can help organizations accelerate the introduction of blockchain in their business landscape. Quartz Ledgers comprises predefined, off-the-shelf ledger structures, data models, functions, and APIs for business processes across industries. These are conceived as the “building blocks” on top of which solutions can be developed and deployed seamlessly, thus enabling customers implement distributed solutions faster, in an agile manner, and at scale.

Benefits

• Provides a unique co-creation experience for organizations

• Jumpstart blockchain implementation through faster and cheaper Minimum Viable Product MVP generation, prototyping process, and application deployment

• Reduces the need for vendor-backed customization and helps utilize in-house developers

• Minimizes the dependency on the market pool for skilled blockchain developers   

• Enables creating new ledger functions, business functions and smart contracts using foundation components (Business functions, APIs, rules) and integration components

• Ensures 60-70% coverage of the on-chain functions through prebuilt capabilities 

• Integrated code quality analyzers for various blockchain platforms