QuartzTM from Tata Consultancy Services Ltd. (TCS) has won the Gold Prize for Digital Identity Innovation at the Future Digital Awards for Fintech & Payments 2024 by Juniper Research in the Banking Innovation category. The Future Digital Awards, conferred by Juniper Research, recognize organizations that have made outstanding contributions in their industries and are positioned to make a significant impact in the future. Since 2008, these awards have been presented to technology companies leading their way in their respective fields – companies that deliver imaginative, innovative products and/or services with the potential to disrupt ecosystems and offer significant benefits to their target audience.
Quartz™ has been recognized as a Gold Winner for Digital Identity Innovation at the Future Digital Awards for Fintech & Payments 2024. The Quartz solution for digital identity leverages distributed ledger technology (DLT) to create a secure, decentralized, and verifiable framework for digital identities and credentials. These decentralized identifiers (DIDs) which are managed on the blockchain, are encrypted and used for identity issuance, storage, and verification, ensuring secure storage as well as verification in a privacy-preserving manner. The solution supports zero-knowledge proof (ZKP) and selective disclosure, allowing users to establish and share their identity information without revealing personal details.
Built on the self-sovereign identity (SSI) principle, Quartz enables various entities to own, manage, and share their identity information securely and independently. The solution is built on a co-existent model with a combination of on-chain and off-chain services, allowing organizations to make the most of their existing technology landscape. It allows seamless integration with the existing systems with blockchain using Quartz Gateway.
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