They are our clients, our friends, good contacts or just people we met in the crypto-community. They have a new vision, they are running great projects, they are developing new services or they just want to share their story. Havas Blockchain is interviewing key people of the blockchain ecosystem.
We are today with DR.Nilesh who is working with Cygnet Infotech as a Vice President of Technology & Innovation.
What is Cygnet Infotech?
Cygnet Infotech is an IT solution and services company working with global enterprise level clients from more than 35 countries across 6 continents and having a physical presence in more than 10 countries. Cygnet has 900+ skilled software engineers, Cygnet is delivering services, solutions and technology products to more than 750 Clients.
How did Cygnet Infotech get into Blockchain Development?
Cygnet Infotech already had deep penetration into FinTech Industry, and as we all know that FinTech is the industry where the highest level of Security & Integrity is required and expected. Cygnet’s Journey to Blockchain started with an Indian Banking giant which required a concrete solution for tokenizing their assets. Blockchain Technology came out as the best match for these kinds of requirements/use cases particularly. So, we started with 2 Blockchain engineers working in POC to now having 40+ Blockchain engineers working on multiple projects including Global Podcasting System, an intuitive and highly secure compliance system, a Project Called IBISA — Blockchain based Agree Insurance, and not to miss out our own Blockchain based Digital Signing Solution — Cygnature.
Where do you see Blockchain Technology Going?
Blockchain became a ‘buzz’ as soon as Crypto Coin was out as an underlining technology of Bitcoin. Crypto coins are here to stay, they are not going away for sure. As cybercrime and cyber frauds continue to emerge as a major concern for the entire world today, many established companies and players are coming up with more and more secured solutions, e.g. IBM, JP Morgan is deep diving into with their own cryptocurrency establishing more reliability and stability in different market segments.
The major concern for earlier programming platform like Ethereum was scalability, but as the adaptability of blockchain is increasing, issues of scalability, performance, and stability is in the focus. Then there is a trend setting up where Blockchain is being established as Services (Baas — Blockchain as a service), IBM has come up with Bluemix, Microsoft brought Workbench. Now, these are the platforms where you don’t have to create your own blockchain infrastructure, you don’t have to use your own resources, all you need to do is to click few buttons and your blockchain platform is ready to use. So, this is going to be a major boost in Blockchain adaptability.
Another focus in the Blockchain momentum is the interoperability between blockchains where two Blockchain networks like Public & Private Blockchain and technology platform like Ethereum & Hyperledger should have smoother interoperability.