The actual conception of Blockchain in 2008 led to progressive innovation in the field of secure, robust, scalable cryptocurrency enabling online transactions to get increasingly digitized. So much so that its hype only rivals the dot com bubble of the ’90s in the field of IT Consulting Services! As is widely known today, it pioneers the technique of hash-like methods to timestamp blocks (which in turn is a core component of Bitcoin – which is the most widely used cryptocurrency today). Bitcoin does happen to be the first of the Blockchain-based cryptocurrency offerings. Not only that, the value of a bitcoin has grown from mere pennies in its early days to more than nineteen thousand USD in December 2017. Bitcoin is the longest-running cryptocurrency in the market since its inception. Bitcoin accounts for close to 70% of the market value according to coinmarketcap.com. Ethereum, which was crowd-funded in 2014 and went live in 2015, too is rapidly gaining popularity amongst the Blockchain community due to its sophisticated technology which far outperforms in addressing the business requirements than what a plain Bitcoin can. It easily ranks as the second most valuable cryptocurrency after Bitcoin as regards adoption. Nonetheless, we are keeping ourselves braced for the new and upcoming upgrade to Ethereum – Ethereum 2.0 which will be out soon in 2020.
Looking back a bit, Blockchain attained a 13.5% adoption rate within financial services by 2016 therefore reaching the early adopter’s stage. Gauging this trend Celestica has picked the best in market resources to enable customers to integrate or customize the highly secure Blockchain platforms and protocols into their enterprise applications. We are the perfect partner to co-create the Blockchain ecosystem into your applications and enable you to deploy your enterprise-level Blockchain deployments. We demonstrate expertise in all levels of Blockchain, be it Public Blockchain or Private Blockchain as required by our customer’s use-case. We also incorporate Hybrid Blockchains to combine the benefits of both Blockchain types. Our solutions enable Banks, Payment Providers, Digital Asset Exchanges, and Corporations to send money globally. Our team incorporates efficient mining. But other than in the payments domain, we also incorporate Blockchain protocols in the below-enlisted applications just to name a few.
Blockchain, as we know, finds its applications in numerous industries ranging from Cryptocurrencies, Smart Contracts, Financial Services, Video Games, Energy Trading, Supply Chain, Health Care, Domain Names, etc. Not only does it find applications in the Technology domain but Blockchain also makes its way in compiling data in Sales, or tracking digital use and payments to content creators, such as wireless users or musicians. Due to the advent of Blockchain, new avenues within the Insurance industry have opened up, all powered by Blockchain, namely, peer-peer-insurance, parametric insurance, and microinsurance. So be it real-time invoicing, payments, or settlements our strong Blockchain team is armed with the exact Blockchain protocol capabilities to address the use case. Inherently, Blockchain presents a highly robust channel between transacting entities to build a distributed dependable ledger or highly secure digital payment system. Its scalable architecture allows it to cater to the massive trading volumes across the globe. So, our IT Consulting Services span across all these domains when it comes to Blockchain adoption and implementation.
We at Celestica provide IT Consulting Services in the Blockchain domain to build or customize your existing Blockchain solutions. We specialize in building Blockchain environments to build use of case-specific solutions. Be it in-house platform development or outsourcing to clients to enable them to meet their Blockchain deliverables, Celestica’s IT consulting services are all you need to address your requirements. We aim to build resilient, transparent, enterprise-grade Blockchain applications across industries. To engage with our customers for meeting their business goals we have been striving to come with strategies best suited for their business. Blockchain is no exception. Our goal during implementation always has been to overcome the challenges that come along with blockchain adoption because we need it to be adhering to the highest security standards, but balance it out with meeting the customer functional as well as non-functional requirements. So you can rest assured that you receive a good balance between performance and speed at all levels. We at Celestica quite much keep up with the trend and adopt it.