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7 Industries Influencing 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 including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.

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7 Industries Influencing Blockchain Testing

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  1. 7 Industries Influencing Blockchain Testing

  2. Contents About Us The Need for Blockchain What is Blockchain Testing? 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 UK GERMANY 2000+ Enterprise-class solutions & products delivered USA Founded in 2000 DUBAI INDIA Serving in 35 Countries SOUTH AFRICA AUSTRALIA 750+ Clients Worldwide OUR VALUES Speed Integrity Entrepreneurial Spirit Team Work Mutual Respect Trusteeship 1000+ Employees Worldwide QUALITY &COMPLIANCE TECHNOLOGYPARTNERS

  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 Blockchain’s 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 Progressive Testing Rapid Productization The CygnetAdvantage Proven track record of meeting best-in-class quality standard with in-house testing product ‘Testing Whiz’ Partnering with you at each engagement level, right from ideation to UAT 100% Agile Scalable Architecture More aligned, higher autonomy to deliver high quality enterprise applications Engineering for the future, today

  17. Cygnet Values Entrepreneurial Spirit Team Work Speed Integrity Trusteeship Mutual Respect

  18. Contact Us USA OFFICE INDIA 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 UK GERMANY USA +1-609-245-0971 +91-79-67124000 DUBAI INDIA DUBAI OFFICE UK OFFICE Cygnet Fintech Software Unit 807, Ubora Tower 2, Business Bay, Dubai, UAE, PO Box No.: 418360 Cygnet Infotech Limited Devonshire House,60 Goswell Road, London, United Kingdom EC1M 7AD SOUTH AFRICA AUSTRALIA +971 52 830 5127 +44-20-8099-1653 INDIA (PUNE) +91-6359650113 INDIA (BENGALURU) +91-9986216516 INDIA (MUMBAI) +91-7433970638 INDIA (NOIDA) +91-12-04164954 SOUTH AFRICA +27 (0) 21 3002981 AUSTRALIA +61-280-147-206 UK +44-20-8099-1653 GERMANY +49-3222-1090-129 www.cygnet-infotech.com inquiry@cygnetinfotech.com

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