Blockchain Solutions

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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

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About Us
11 Locations from where we engage with global
clients
2000 Enterprise-class solutions products
delivered
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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.

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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

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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

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7 Industries that need Blockchain Testing

• Supply chain management
• Retail
• Entertainment Rights
• Industrial IoT
• Infrastructure Security
• Healthcare
• Insurance

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.
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Technology First
People Quality
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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
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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