TCS to Implement Quartz™ Smart Solution for Wallets and Rewards for Zapaygo

The Capital • October 6, 2020

Tata Consultancy Services’ Blockchain-based Solution to Provide a Secure Wallet for Digital Asset Tokens and Power Zapaygo’s RewardZ Marketplace Program

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced that it will implement the Wallets and Rewards solution from Quartz — The Smart LedgersTM at UK-based startup Zapaygo, for its pre-order mobile ordering and payment platform for the entertainment, hospitality and leisure industry.


In this first of its kind initiative, a hybrid blockchain platform will power Zapaygo’s wallet services and RewardZ program, enabling its customers easy and quick access to high street benefits and offers from merchants in sports and leisure venues across the globe. The Quartz solution will help provide wallet services to Zapaygo’s customers through tokens managed on the public blockchain and leverage a private permissioned network for rewards program management.


Customers can purchase, avail, and redeem reward points from merchants instantaneously while also managing ZAPS in a secure manner in wallets using cryptographic keys. In addition, the Quartz Command Center will facilitate monitoring and administration of the entire ecosystem. The Quartz suite of solutions will be offered in a managed services model running on a private cloud.


Elliot Hall, Founder CEO & Chairman, Zapaygo, said, We were impressed by the start-up friendly aspect of Quartz and the solution’s technical capability to help us launch to aggressive timeframes and support our vision of geographical expansion. The objective is to support numerous merchant venues and redefine how they deliver services, and in the process increase customer loyalty. The solution from Quartz provides a hybrid network that allows our customers to pre-order goods and services from merchants utilizing the rewards on the private blockchain network and manage the Zap tokens on the public network simultaneously.”


R Vivekanand, Global Head, Quartz, TCS, said, “Targeted at multiple industry segments spanning travel & hospitality, e-commerce, telecom and financial services, the Quartz solution for wallets and rewards, can help organizations reimagine the way these programs are currently administered. The solution can be used to securely hold tokens in wallets and manage the end-to-end rewards management process, ushering in more efficiency, transparency, and ultimately a superior customer experience. Quartz has the potential to transform dormant loyalty points held in multiple end customer accounts into an easily redeemable token on a secure distributed ledger, and will foster trust and allegiance to brands. We are excited to be part of Zapaygo’s journey, and the innovative proposition they are bringing to the market.”


The Wallets solution from Quartz provides a secure way to create and operate accounts in the public blockchain and maintain the custody of digital assets for customers. The solution uses a Hardware Security Model (HSM) to store the private keys and operate wallets on behalf of customers.


The Rewards solution ensures real-time settlement, fungibility of points and greater transparency and can help create an ecosystem that connects multiple customer loyalty programs. Organizations that use the Quartz solution can take advantage of the configurability it offers to convert an existing reward point to one that is maintained in a digital wallet on the blockchain ecosystem. Smart contracts handle the instantaneous accrual and redemption of funds and rewards, enable funds conversion to equivalent points for multiple issuers, and provide an audit trail for a complete history of transactions, ensuring confidentiality of data by allowing access only to authorized participants.


The availability of Quartz Rewards on the cloud means that companies seeking innovative blockchain solutions can now connect and use a readily available and secure hosted offering, without having to develop their own blockchain-based solution or invest in expensive in-house computing resources.


About Zapaygo

Zapaygo is an app for ordering in customers favourite venues, such as bars, restaurants, hotels, hair salons and more. No handling menus, money, card machines or missing social, sports or concert moments while waiting to make or receive orders. Venues improve revenue, efficiency and help customers stay safe by reducing the risk of spreading the likes of COVID-19.


Through Zapaygo’s large partnership network, they are rolling out into the UKs largest stadiums and exhibition centres, with a global rollout planned. Off the back of this they’re providing a RewardZ Market Place for their large user base to benefit from.


RewardZ is utilising blockchain technology and its ZAPS tokens to bring a consortium of businesses together, allowing them to reward their customers through a seamless rewards marketplace.

To know more about Zapaygo, please visit https://www.zapaygo.com


Quartz — The Smart Ledgers

Quartz, The Smart Ledgers, is a startup incubated by TCS, and provides foundational technology, tools and business components for creating distributed ledger solutions across varied industries.


Built on the core principles of Coexistence, Integration and Interoperability, Quartz enables existing systems to coexist and integrate with blockchain platforms and other messaging networks. With data masking, privacy and anonymity — the premise on which the solutions are designed — organizations can focus on enhancing their core competitive strengths in an environment of utmost security.


With Quartz, you can also facilitate the creation of a complete distributed ledger ecosystem for stakeholders in your value chain. Quartz caters to organizations across Industry segments including Financial Services, Banking, Supply Chain, Energy & Utilities and eGovernance.

To know more about Quartz, please visithttps://www.tcs.com/quartz-blockchain-solutions


About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.


A part of the Tata group, India’s largest multinational business group, TCS has over 443,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index.

For more information, visit us at 
www.tcs.com.

To stay up to date on TCS global news, follow @TCS_News.

To stay up to date with Zapaygo follow them on Twitter.

Source: The Capital.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
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The power was more than enough, and the lack of interest in a new, untested technology didn’t allow for Bitcoin to make waves. Still, as competition grew, users upgraded to more powerful graphics processing units (GPUs), which offered better efficiency. The popularity of Bitcoin also surged, and that’s when Bitcoin mining slowly stopped being just a hobby. Eventually, application-specific integrated circuits (ASICs) became the standard for serious miners, offering unparalleled speed and energy efficiency. But ASICs are expensive, consume large amounts of electricity, and demand constant maintenance. Large facilities led by companies spearheaded the change and Bitcoin mass adoption . This evolution effectively shut out the average user from participating in mining. Today, running an independent mining operation requires significant capital, technical knowledge, and physical space. There are seemingly too many barriers that deter mainstream adoption. 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GoMining combines ease-of-use with real mining infrastructure. It's a Bitcoin mining website designed for both beginners and seasoned crypto users. The core of its ecosystem may be built around accessible Bitcoin mining, but there’s so much more to the platform. What sets GoMining apart is its holistic approach: Two Mining Modes: Aside from solo mining, which allows users to acquire daily BTC rewards according to the power of their farm, there is another mode. Miner Wars is a clan-based mining game, in which players join clans and compete against each other for rewards. Launchpad: A Bitcoin-centric launchpad allows Bitcoin projects to present their tokes for pre-sale. GOMINING Token: Used to pay maintenance fees at a discount, access token presales, and participate in the ecosystem through voting. The tokens can also be invested in a liquidity pool . Secure Wallet: Integrated features that allow users to hold and store their Bitcoin rewards and GOMINING tokens. 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It transforms passive income apps into real revenue channels tied to blockchain infrastructure. As Bitcoin continues its journey toward global acceptance, platforms like GoMining will play a crucial role in democratizing access to mining. They are not merely tools, they’re part of the broader movement toward decentralized financial empowerment. Final Thoughts The landscape of Bitcoin mining is shifting. From hardware-heavy operations to app-based solutions, the evolution has opened doors for millions of new participants. Digital mining, exemplified by GoMining, is the most advanced iteration yet. It offers the security of real hash power with the ease of mobile access. In navigating the challenges of Bitcoin mining, GoMining and similar passive income apps offer clarity, control, and opportunity.  They bring us one step closer to true Bitcoin mass adoption, where earning BTC is not limited to those with tech labs and industrial budgets, but is available to anyone with a phone and a plan.
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