TCS Launches Blockchain-based Multi-brand Customer Loyalty Platform on R3’s Corda

Tata Consultancy Services’ Platform to Streamline Fragmented Loyalty Programs and Provide a Simple and Frictionless Experience to Customers

NEW YORK | LONDON | MUMBAI, October 23, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced the launch of a next-generation blockchain-based multi-brand customer loyalty platform using R3’s Corda.

The rise and popularity of customer loyalty programs have brought clear benefits to customers and brands, improving customer retention, driving higher cart values and helping brands identify their more profitable customers. However, the proliferation of these programs makes it hard for customers, who have to manage multiple loyalty programs to interact with different brands.

Responding to this market opportunity, TCS has designed and built a loyalty platform that uses blockchain to facilitate tokenized value exchange, making it possible to streamline and consolidate fragmented ‘earning and burning’ channels from participating brands across industries. Users can view, manage, and redeem their loyalty points from different brands in one place, ensuring a seamless and frictionless experience.

“Customer loyalty programs have proven their ability to bring consumers and brands closer together. The key to unlocking further exponential value is to provide complete control to the consumer on how they like to earn and burn,” said Lakshminarasimhan (Lakshmi) Srinivasan, Global Head, Blockchain Services, TCS. “An open, incentivized ecosystem can make trillions of loyalty points fungible as digital tokens. We are excited to launch this next-gen loyalty platform for orchestrating the tokenized value exchange.”

David E. Rutter, Chief Executive Officer, R3, said, “This is a genuinely innovative approach to improve how brands interact with their customers through loyalty programs. Corda was built and designed to deliver precisely these types of process and efficiency improvements to the interactions across multiple organizations, consumers and channels.”

TCS’ Blockchain Services offers blockchain advisory, consulting and technology implementation services. It is developing various platform solutions to drive blockchain adoption amongst enterprises across multiple industries. TCS’ award-winning Quartz™ Blockchain solution is a critical accelerator that helps enterprises embrace blockchain within their organizations as well as to build an ecosystem while co-existing with extant systems.

ABOUT TATA CONSULTANCY SERVICES (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 601,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.

TCS media contacts

Corporate
Communications & India

corporate.communications@tcs.com

saxena.kritika@tcs.com

+91 22 6778 9999

vanshika.sood@tcs.com

+91 22 67789098

Asia Pacific

y.tham@tcs.com

+65 9720 9005

Canada

tiffany.fisher@tcs.com

+1 416 456 7650

India

saxena.kritika@tcs.com

+91 22 6778 9999

kimberly.solomon@tcs.com

+91 22 67789098

Latin America

alma.leal@tcs.com

+521 55 2095 6098

Australia and New Zealand

kelly.ryan@tcs.com

+61 422 989 682

Europe

joost.galema@tcs.com

+31 615 903387

Japan

douglas.foote@tcs.com

+81 80 2115 0989

Middle East & Africa

pragya.priyadarshini@tcs.com

+971 528656700

UK

t.doherty@tcs.com

+44(0)7759396160

USA

james.sciales@tcs.com

+1 917 981 7651

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

TCS works hand in hand with world-leading investors.

TCS Launches Blockchain-based Multi-brand Customer Loyalty Platform on R3’s Corda

TCS media contacts

Corporate
Communications & India

Asia Pacific

Canada

India

Latin America

Australia and New Zealand

Europe

Japan

Middle East & Africa

UK

USA

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

TCS works hand in hand with world-leading investors.

TCS media contacts

Corporate Communications & India

Asia Pacific

Canada

India

Latin America

Australia and New Zealand

Europe

Japan

Middle East & Africa

UK

USA

In the News

Stay in the know

Oops! Something went wrong!

Corporate
Communications & India