[2016-08-19] Mint: TCS throws weight behind blockchain

[polynesia]

TCS throws weight behind blockchain

http://www.livemint.com/Companies/bXjPtlHZRK46FQVb2hxhyN/TCS-throws-weight-behind-blockchain.html

Tata Consultancy Services Ltd (TCS) is throwing its weight behind blockchain and getting ready to launch core banking software based on the underlying technology behind virtual currency Bitcoin.

This will make India’s largest software exporter only the second large company globally to do so. Incidentally, local rival Infosys Ltd launched a blockchain framework for Finacle, its core banking platform, earlier this year.

None of the other large companies, including Swiss banking software provider Temenos Group AG and Germany’s SAP AG, have any blockchain-based software in their core banking platform.