7 Industries Influencing Blockchain Testing - PowerPoint PPT Presentation

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7 Industries Influencing Blockchain Testing

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Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities. – PowerPoint PPT presentation

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Title: 7 Industries Influencing Blockchain Testing


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7 Industries Influencing Blockchain Testing
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Contents
  1. About Us
  2. The Need for Blockchain
  3. What is Blockchain Testing?
  4. 7 Industries that need Blockchain Testing
  • Supply chain management
  • Retail
  • Entertainment Rights
  • Industrial IoT
  • Infrastructure Security
  • Healthcare
  • Insurance

3
About Us
11 Locations from where we engage with global
clients
2000 Enterprise-class solutions products
delivered
4
The Need for Blockchain
  • Organizations are looking for secure and robust
    platforms to transparently share the information
    and build absolute trust for the end user.
  • Blockchain can help organizations maintain
    transparency through Decentralization with added
    security.
  • Adopting Blockchain can have certain challenges
    such as high energy consumption, integration
    issues, privacy and security issues.
  • To overcome these challenges blockchain testing
    is important to implement.

5
Blockchain Market
  • Per a report by the International Data
    Corporation (IDC), the calculated global spend on
    blockchain will hit a whopping 9.7 billion by
    2021.



The global blockchain market is expected to grow
from USD 212.12 million 2016 to USD 8,682.82
million by the end of 2024, at a Compound Annual
Growth Rate (CAGR) of 59.04 ResearchAndMarkets.
com

6
What is Blockchain Testing?
  • Blockchain applications demand standard testing
    such as functional performance, integration, and
    security testing. In addition, testing teams must
    have these specialized testing capabilities.
  • Specialized Testing Capabilities
  • Smart Contract Testing
  • Node Testing

7
7 Industries that need Blockchain Testing
  • Supply chain management
  • Retail
  • Entertainment Rights
  • Industrial IoT
  • Infrastructure Security
  • Healthcare
  • Insurance

8
Supply chain Management
  • Supply chains are a series of transaction nodes
    used to move a product from one point to another.
    Blockchain helps to make these transaction
    decentralized records. Blockchain can create a
    traceability system for better customer
    experience. This reduces the overproduction of
    products, removes third-party involvement and
    saves space.

9
Retail
  • Blockchain directly connects buyers with sellers
    eliminating third-party.
  • Using any of the cryptocurrencies customers can
    purchase products and sellers get paid in
    Bitcoin.
  • The data related to the transactions get
    distributed across the global network.

10
Entertainment Rights
  • Increasing number of artists have begun accepting
    cryptocurrencies in their online store.
  • Blockchain connects fans directly with the
    artists keeping the channel secured.
  • Music industries use Blockchain to make their
    work easy and safe.

11
Industrial IoT
  • Internet of Things is a system of interconnected
    devices having the ability to transfer data
    across the network without human intervention.
  • Blockchain manages the data transfer with a
    secured channel for the transaction.
  • Blockchain creates a decentralized network for
    IoT devices so that the devices can communicate
    directly with each other.

12
Infrastructure Security
  • Organizations with huge infrastructure are
    connected to sensors such as powerplants and
    transportation are still easy to hack.
  • Using Blockchain, organizations can exchange the
    data securely across the network.
  • Adopting Blockchains cryptographic techniques
    reduces the rate of phishing attacks

13
Healthcare
  • It is difficult for the healthcare sector to
    share private data while maintaining the
    integrity of data.
  • The Collaboration of accurate data leads to
    better diagnoses, the higher rate of success in
    treatments, and reduced costs.

14
Insurance
  • In the insurance industry, Blockchain has
    excellent potential. Generally, in an insurance
    contract, there are several parties. There are
    parties like insurer, third-intermediary, and
    customers. Their databases may not be up to date.
    But Blockchain takes care of this issue. All the
    data and transactions have validation from all
    the parties. This includes those parties also
    which are not part of an insurance contract.
  • Using Blockchain Powered Smart Contracts, the
    Insurance process can be swift, easy and
    rewarding for all parties involved.

15
Powered by a thorough Testing Architecture
supported by nearly 200 certified and experienced
quality professionals combined with intuitive
Automation Engine and short learning curve
Cygnet promises to take your product Quality to
the next level.
16
Technology First
People Quality
Adaptable Flexible in order to serve customers
irrespective of their domain
Teams with strong understanding of ethos
culture, fully capable of mitigating risk
The CygnetAdvantage
100 Agile
Scalable Architecture
More aligned, higher autonomy to deliver high
quality enterprise applications
Engineering for the future, today
17
Cygnet Values
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Contact Us
INDIA OFFICE
USA OFFICE
Cygnet Infotech LLC. 125 Village Boulevard, Suite
315, Princeton, NJ 08540
Cygnet Infotech Pvt. Ltd. 16-Swastik Society, Nr.
AMCO Bank, Stadium Circle, Navrangpura, Ahmedabad
380009
91-79-67124000
1-609-245-0971
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