India, July 16 -- IT firm, Tata Consultancy Services said that, "its TCS BaNCS Network Solution powered by Quartz Blockchain was named the Best Blockchain Breakthrough of the year at the 2019 FTF News Technology Innovation Awards," in a filing to Bombay Stock Exchange.

As per the company, Instituted by the Financial Technologies Forum, the awards recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements during the year. Winners for this year's competition were determined by votes cast online by readers of FTF News and industry participants.

The company was recognized for the successful completion of a pilot project involving t...