Tata Consultancy Services partners with Intel for Quartz Blockchain Solutions


Tata Consultancy Services (TCS) has partnered with Intel to integrate Intel Software Guard Extensions technology with the Quartz Blockchain solution, to enhance the privacy and security of blockchain-based ecosystems implemented using Quartz.

Reacting to this, shares of the company rose 1% in the afternoon session on Wednesday.

“Central to TCS’ Business 4.0 framework is the use of technology to leverage ecosystems and to harness abundance. Quartz blockchain is a key enabler for this strategy. Even a single security incident can cause loss of trust and deter the adoption of blockchain. The integration of TCS Quartz with Intel® SGX strengthens security and helps in mitigating these concerns, so that customers can fully realize the potential offered by our blockchain solutions,” said R Vivekanand, vice president and co-head, financial solutions, TCS.

Tata Consultancy Services share price is currently at Rs1,867, up by Rs22.85 or 1.24% from its previous closing of Rs1,844.15 on the BSE. The scrip opened at Rs1,858 and has touched a high and low of Rs1,871.80 and Rs1,812, respectively. So far 21,18,959 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs6,91,996.03cr.

Source: indiainfoline.com

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