By Malini Raman , Product Head , Quartz Blockchain Solutions , Tata Consultancy Services and Ganesh Jayapalan , Business Consultant , Quartz Blockchain Solutions , Tata Consultancy Services
l Identifying collateral assets
l Bidding and negotiating on loan prices
l Maintaining payment schedules
l Tracking repayment
l Asset sharing
l Compliance approvals
l Lender query resolutions
The solution will provide participants a real-time view of assets , deal status , and repayment schedules .
Using the decentralized architecture of Quartz banks will be able to securely negotiate deals with multiple counterparties simultaneously , ensuring faster deal closure than the legacy point-to-point messaging approach .
By automating and redefining the entire lifecycle of interbank borrowing and lending , Quartz will pave the way for onboarding of additional banks into the ecosystem , leading to business expansion , improved liquidity , and greater transparency .
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