Quartz Smart Solutions
Building business resilience with distributed ledger technology
Industry
- Banking
- Capital Markets
- Consumer Goods & Distribution
Banking on purpose-led ecosystems
Unlocking Exponential Future Growth in Capital Market Firms
Solution
- Quartz™ - The Smart Ledgers™
Quartz™: Helping Organizations Collaborate in the Connected World
Highlights
- Quartz Smart Solutions aim to automate business processes and functions with 'Smart Contracts', a self-executable software stored on the ledger.
- These are designed as a combination of on-chain services deployed on blockchain and off-chain services residing on traditional databases.
- Some readily available solutions include rewards points, contract authoring, settlements, loan securitization, cross-border remittances, tokenized assets, and KYC.
Abstract
Quartz Smart Solutions is a set of decentralized ledger technology (DLT)-friendly, cross-industry business solutions that enable rapid digital transformation.
Quartz Smart Solutions can help organization automate processes, improve transparency and enhance agility with DLT technology. It uses business and domain aware ‘Smart Contracts’, self-execute software stored on ledgers and triggered by a set of specific events, occurring within it or from pre-configured rules that are programmed into these contracts.
Challenge
Organizations globally and across industries are exploring ways to harness business value through improved trust and transparency, increased collaboration, elimination of data redundancies, reduced risks, and enhanced agility, all of which can be addressed with DLT. In doing so, some of the major challenges organizations come across include facilitating the quick adoption of technology, refining and honing relevant skillsets, and efficiently enabling the absorption of benefits for existing systems.
Built on the core principles of coexistence, integration and interoperability, Quartz enables systems to coexist and integrate with blockchain platforms and other messaging networks.
Solution
Quartz Smart Solutions consist of a set of comprehensive solutions with business- and domain-aware ‘Smart Contracts’ that help automate processing on the blockchain platform. A Smart Contract is a self-executable software that is stored on the ledger and triggered either because of specific events occurring within it or from pre-configured rules that are programmed into these contracts. Participants can provide, consume, and instruct these transactions on the ledger based on their role and privileges. Quartz Smart Solutions are designed as a combination of on-chain services deployed on blockchain and off-chain services residing on traditional databases or files, thus ensuring that only business processes well-suited for blockchain are deployed on-chain.
Quartz Smart Solutions are readily available for:
- Rewards points
- Contract authoring
- Settlements
- Announcements
- Crypto services
- Loan securitization
- Facultative reinsurance
- Cross-border remittances
- Tokenized assets
- Contract performance monitoring
- Resource management
- KYC
Benefits
- Ready business solutions across industries
- Quick time-to-market
- Seamless integration with existing systems using Quartz Gateway
- Supports cloud/on-premise/hybrid deployment models
- Data privacy by design
With Quartz, enterprises across industries like financial services, e-governance, utilities, travel and hospitality, telecom and aviation, can readily harness the power of blockchain technology to connect with larger ecosystems and evolve augmented multi-industry offerings aligned to a purpose-driven strategy, a key aspect driving blockchain adoption
Contact
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