large scale image
LCP Image

Back to TSCFM News

TCS in talks with states to set up blockchain infra

December 14, 2021

TCS in talks with states to set up blockchain infra

In a sign of things to come, a few State governments are in talks with organizations like Tata Consultancy Services (TCS) to set up blockchain-based foundation for different public projects and citizen services. The worldwide IT administrations major let BusinessLine know that in the following year and a half, blockchain technology will be commanded while offering for some government projects.

As indicated by TCS, blockchain can be utilized for giving decentralized and transparent population scale services including KYC, asset registration, fund transfers, procurement, voting system, digital currencies and data security.

R Vivekanand, Vice-President and Head of TCS Financial Solutions and Global Head of TCS Quartz, told BusinessLine, “There are numerous State governments, which are attempting to set up a blockchain framework. We are talking with atleast three of them. We take part in a portion of these discussions and guiding the states on blockchain framework.” TCS Quartz has made The Smart Ledger arrangement that upholds all the standard hidden blockchain advancements. The set-up of arrangements is a stage with basic devices to make blockchain-based decentralized solutions. The majority of the contributions under the blockchain solution have been kept open source in the Linux ecosystem.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp