TCS partners with Intel for Quartz Blockchain Solutions

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

Oct 24, 2018 01:10 IST India Infoline News Service

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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.

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