TCS cryptocurrency | Quartz Smart Solution

India's cryptocurrency industry only got a boost when Tata Consultancy Services (TCS) announced Wednesday the launch of its "Quartz Smart Solution for Crypto Services". 

TCS is India's leading IT solutions, consulting, and business solutions firm, part of the Tata group, India's biggest multinational company group. TCS is one of the biggest IT firms in India which consist of 440000 individual across the globe. In FY20 company reported a revenue of $22 billion and it disbursed more than $5 billion as dividends to shareholders. 

The business is listed on two Indian stock exchanges: the BSE (previously Bombay Stock Exchange) and the NSE (National Stock Exchange).

R Vivekanand, TCS’ Global Head of Quartz, commented:

Cryptocurrencies, digital fiat currencies and digital assets are poised to become viable alternate avenues for investments, hedging and portfolio diversification.

What is TCS “Quartz Smart Solution for Crypto Services”?

Quartz Smart Solution is a digitally powered solution that permits banks and investment firms to expand secured cryptocurrency trading for their clients. The designed solution supports cryptocurrencies and stable coins, digital currencies linked to fiat currencies, trading places, and public blockchain networks. Together with different options, in addition, it gives flexibility to clients while making their investment and trade plans.

More to the point, Quartz Smart Solution eases the banks and investment companies to provide their clientele, transfer payments from the kind of digital cash, and gain from reduced transaction costs in addition to faster access to liquidity.

Conclusion

Having a best-in-class hardware security module, it ensures the security and credibility of each trade.  The built-in search engine empowers configurable transaction approval policies, automobile reconciliation, compliance, and blockchain forensic checks thereby, ensuring that the trade is executed only after the identification and authorization by the user.