UPDATED 11:33 EDT / DECEMBER 16 2019

BLOCKCHAIN

TCS announces Quartz low-code enterprise blockchain development kit

Multinational information technology services company Tata Consultancy Services today launched a blockchain development kit, called Quartz DevKit, designed to take the complexity out of launching and operating distributed ledger business applications.

The DevKit, for the company’s Quartz blockchain, delivers an intuitive, low-code development kit that will allow business and enterprise users to quickly build and deploy applications on any popular blockchain, public or permissioned.

“Many of our customers, across industries, are leveraging blockchain technology to establish frictionless transactions across their extended ecosystem,” said R. Vivekanand, global head of Quartz TCS. “We developed the Quartz DevKit to help their teams rapidly put together high-quality pilots using smart contracts on any platform with reduced coding effort.”

Blockchain technology can be used by enterprise businesses to increase interoperability using distributed cryptographic ledgers that keep information secured and permissioned while providing a trustless environment that records transactions in a tamperproof way. Using a blockchain, businesses can reduce errors, significantly reduce transaction processing times and remain auditable by third parties without revealing sensitive information by using data masking.

Earlier this year, TCS used its blockchain to carry out a cross-border securities settlement between the Moroccan and Kuwait central securities depositories. The transaction took place during April and used the TCS BaNCS Network, powered by the Quartz blockchain. The company claims that the securities were matched and settled instantaneously – making a real-time cross-border settlement out of a process that can sometimes take days.

According to TCS, programmers using the Quartz DevKit platform can write smart contracts 40% faster than current development environments.

With the DevKit, developers can abstract away the complexity of the underlying blockchain technology and use a low-code approach to deploy on blockchains such as Hyperledger Fabric, Ethereum or R3 Corda. The development kit also allows for platform-specific code to be written as an extension to pre-built templates.

Quartz DevKit uses pre-built templates for platform setup, administration, platform security authentication, encryption, node orchestration, user management and deployment. For developers, Quartz’s web-based integrated development environment allows programmers to design business code.

The DevKit also includes an integrated code quality analyzer that ensures that smart contracts incorporate the best in class coding practices.

All of this is part of the Quartz Smart Ledgers solution, which has been deployed to redefine how organizations collaborate using blockchain technology. The entire solution is built on Smart Solutions, a set of “designed for blockchain” business offerings for different industries, the Quartz Gateway for integrating existing solutions with blockchains, the Quartz Command Center that can administer and monitor entire systems and the Quartz DevKit.

The Quartz DevKit has been launched today for public use and more details are available on the TCS Quartz blockchain website.

Photo: Pixabay

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