A Deeper Dive into the World of Blockchain Technology, Insights Success introduce The 10 Indian Blockchain Startup To Watch Out In 2019,

1. Rajesh Soni
Vice President
Mukesh Singh
President
Manoj Soni
Chairman & MD
BLOCKCHAIN
STARTUPTO WATCH OUT IN 2019
I N D I A N
10T
H
E
VOL 8
ISSUE 1
August-2019

4. ith each passing day, the blockchain
Wtechnology is spreading its wings across
the business world by boosting the
cryptocurrency transactions alongside making all
other economic transactions easy and seamless. It
has already become a buzz-worthy technology by
outshining the traditional payment methods and
bringing in new-age methods for executing fiscal
matters and intensify storage-related tasks. The
existing as well as emerging organizations are
leveraging this tech-enabled advancements and
initiatives to uplift its standard business processes.
This technology is empowering P2P electronic cash
methods and enabling online transactions to flow
from one party to another without having any
financial mediator. This makes the business
processes more secured and proficient in enhancing
client engagements. On the other hand, an open-
source blockchain-enabled computing platform
‘Ethereum’ is rolling out noteworthy solutions for the
startup space. An OS backed by smart contract
functionality, this platform is carving out a whole new
financial world.
Today, the entrepreneurs, industry leaders, and
innovators are acknowledging the pain points and
potential gaps in the businesses and are embracing
the blockchain technology to pass on a better
financial ecosystem to the Gen Z. With skyrocketing
economic process and inflation at its peak, this
technology will surely prove be a major helping hand
for the businesses to capitalize their resources
rightly.
The blockchain technology is all set to built a finance
podium across the world thereby unlocking the
doors to numerous opportunities for the novices in
the coming times. Seeking new avenues, the future
will witness many more blockchain-based
innovations like never before!
A Deeper Dive into the
World of Blockchain
Technology
From the
Editor

5. SME-SMO Executive Manoj Shelge
Circulation Manager Tanaji
Digital Marketing Manager Prashant Chevale
Technical Specialist Amar, Pratiksha
Co-designer Deepanjali Jena
Art & Picture Editor Rahul Kavnekar
Art & Design Head Amol Kamble
Associate Designer Poonam Mahajan
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Business Development Executive Sarika Kawade

6. C O N T E N T S
CONSAGOUS
TECHNOLOGIES
Standing out as Top-notch
Blockchain Developer
08
SATE DEVELOPMENT
Creating Blockchain-enabled
Enterprise Solutions
InterviewWithInsightsSuccess
MAVEN’S VOICE
The Blockchain Tech
Reinventing the Landscape
22
34
CXO

7. CLOUDTRAINS
TECHNOLOGIES
Disrupting the Business
World Since 2015
26
QUEST GLOBAL
TECHNOLOGIES
One-stop Solution for all
your Software Requirements
30
EDITOR’S VOICE
Getting Smarter With The Blockchain Technology
Article
18
FLUPER
Bringing Scalability to
Business with Blockchain
16

8. Blockchain Startups – The New Era of
Business Transformations
hile the first quarter of 2019 was an enthusiastic year for the Blockchain Industry, the
Wsecond quarter has taken it beyond the success horizons. Recognizing the companies that
are revolutionizing this tech-space and keeping innovation on their radar by staying
up-to-speed with the developments, we have come up with this special edition of “The 10 Indian
Blockchain Startup To Watch Out In 2019”. This issue has featured a handful of professionals
offering a diverse and engaging mix of creativity and distinctiveness. This edition of ours will help
you to walk through a list of startups embracing multi-disciplinary approach and covering a range of
relevant issues in its sector.
On the Cover of the issue is Consagous Technologies – a prominent name among the best
Blockchain App Developers worldwide. The company is outshining its competitors with its
innovative solutions and redefining the Blockchain Solution Providers segment.
Apart from such an insightful cover story, we have also enlisted, CloudTrains Technologies – a
Leading Mobile App, Web & Software Development Firm; Fluper Ltd. – a one-stop destination for
building Blockchain-based solutions and Quest Global Technology Ltd. – providing a quality-driven
approach towards the web, software and mobile app development with digital marketing, ERP and
CRM.
Alongside, companies like Fusion Informatics Limited, Terse Soft, Opcito, Snowtint, Futurism
Technologies, and AFour Technologies have also been featured in the listing of this edition.
While flipping the pages, take a note not to miss out an exclusive Interview with Mr. Nakul Shah –
Founder & Director of Sate Development and an article The Blockchain Tech – Reinventing the
Landscape by Gaurav Dubey – CEO of ITH Technologies Pvt. Ltd.
Turning some more pages will help you find an article titled as Getting Smarter with the Blockchain
Technology From the Editor’s Voice. These articles will help you understand the current market
scenario of this industry. Looking at the emerging opportunities and the growing possibilities, this
issue of ours will introduce you to a whole new world of novelty.
So enjoy the exciting read!

10. Manoj Soni
Chairman & MD
Mukesh Singh
President
Rajesh Soni
Vice President

11. STANDING OUT AS TOP-NOTCH BLOCKCHAIN DEVELOPER
We are an
interactive
Top-class
software
development
service provider
company
dedicated to
crafting
intelligent
software
Cover Story

12. With each passing day, ‘Blockchain’ is
transforming the traditional models and
disrupting the business world like never
before! It is truly changing the way of doing business
and creating a unique database that offers unmatched
experience at par with the international standards.
Today, the Blockchain startups are present across all
industry segments and are most prominently
represented in the Finance & Insurance and
Information & Communication industries. The advent
of this technology is a boon to existing and emerging
entrepreneurs alongside creating diversified
opportunities quenching financial aspirations of the
masses to its best.
Established in 2008, Consagous Technologies is one
such IT services company which has embraced this
highly immersive technology to the core and is
known for its tech-based disruption globally. It is a
prominent name among the best Blockchain App
Developers worldwide. From corporate websites to
mobile applications and business process solutions,
Consagous stands tall as a one-stop solution. With
offices in USA, UK, Mexico, and India, the company
is recognized for its vast array of experience,
expertise, and a holistic approach showcasing
end-to-end web and mobile development solutions
backed by exceptional designs. It is well-equipped by
a robust team of professionals with expertise in
deploying emerging technologies and enabling client
organizations with the potential to satisfy its user’s
requirement efficiently and securely.
With a decade of experience in the IT industry,
Consagous has embraced cutting-edge technologies
and executed over 100+ projects for its esteemed
clientele worldwide. Over these years, the company
has created its niche in this industry with its
proficiency across various technologies including
Mobile, Cloud, IoT, Wearable, Big Data, Blockchain,
Dynamic 365, Salesforce on-demand, iBeacon and
more.
Meet the Dynamic Trinity
A strategic thinker imparting key operational
rhythms, Manoj Soni is the Chairman and MD of
the Consagous Technologies. He has a vast
experience in managing large business areas,
Our people are the
Cornerstones of
our business

13. formulating and implementing marketing strategies which also includes developing new market segments. Manoj is on a
mission to inspire young minds to be the leaders of tomorrow.
Mukesh Singh is the President of the company. He brings in a profound and demonstrated expertise in assimilating new
technologies to withstand real-world business situations. He has a future-oriented outlook with creative implementation
capabilities in providing executive leadership and management to the company. His know-how in managing software
engineering services on a larger scale and smart decision-making abilities helps Consagous in enhancing customer
satisfaction and generating profitable outcomes.

14. Along with Manoj and Mukesh, another key persona of the core team is
Rajesh Soni, the Vice President. He has been instrumental in positively
impacting the team morale and fostering a hassle-free work environment.
Rajesh has a proven record of building profitable sales models,
developing/leading execution of sales strategies which helps the company
in achieving its goals.
Creating Own Landmarks
Being ‘#1 in every aspect is the need of the hour, and this is what the
world of IT demands. Consagous has strived with the same intent to create
its own identity and outshine its competitors since day one. Its concrete
endeavors have helped it to achieve various milestones including Top
Mobile App Development Company award by top-notch B2B platforms
like Appfutura, Clutch, and Goodfirms.
The company’s prominent business plan has
helped it to take a successful ride over the
pathway of challenges, thereby enabling it to
design future business plans and reach the
peak. Making its business plan thorough and
accurate alongside keeping an eagle’s eye on
the hippest discoveries gives it an extra edge
to gain big dividends in the long term.
Acknowledging that the world is witnessing a
time of bizarre technological growth at its full
pace, the company has sculpted itself into a
frontrunner fulfill the ever-changing
requirements of its clientele. Its forte of
early-adoption of latest technologies provides
it with the opportunities to gauge the
effectiveness of new-age technologies.
Treading an Extra Mile
The company’s work environment adds an
extra plus to its glory and helps it to stand
apart from its competitors. Being a tech-savvy
company, it is always passionate about
shaking hands with different technologies out
it the market. It believes in collecting the
best-of-the-best technology toolset which
helps it to effectively strategize its business
operations. At Consagous, ‘Client
Satisfaction’ is what matters the most. The
principles which the company holds on to for
offering complete client satisfaction include:
We
work
together,
we
grow
together
’

15. Transparency | No Fake Promises | Acknowledging Client’s
Viewpoints | Efficient Documentation & Communication
Staying committed towards the client requirements, the core
team asserts, “We have worked within all types of
organizations from large fortune to start-ups and also
worked with young entrepreneurs who are looking to make
their way in the world. During our work journey, we gained
continuous support and an amazing response from our
clients.”
“We schedule project delivery time as per the scope of the
project and at the end of every Sprint, we notify our client
about the project progression and collect the clients view
about the project. This helps us in delivering the projects in
fixed time duration,” they added further.
Encouraging Employees
The company is well-resourced with a team of 100+ experts
who are masters in their own field and have the capabilities
to see potential procurement through a different lens leading
to revenue growth and happy customers. Whether it’s
steering through a business downturn or getting employees
back on track, Consagous has been audacious enough to
meet every challenge with utmost openness. Since
inception, it focuses on maintaining a trustworthy company-
employee relationship and consistently motivates the
workforce to bring their ideas to the table.
The idea behind this is to boost the employees and drive
them towards the pathway of overall personality
development and job-satisfaction. The company conducts
technical trainings for its designers and developers to keep
them updated about the latest technology arrivals.
Sharing their views on employee motivation the core team
says, “Though there isn’t any single strategy that can
magically motivate all your employees at once and keep
them motivated throughout their employment. Every
employee is unique, with unique values and ideas, and if
you want to be successful in motivating each and every
employee, you have to find reliable strategies to reach each
individual.”
The Pro Tips
In today’s digital era, benchmarking its presence within the
complexities of the market for a startup is not an easy
job – there are different requirements and points to be
considered for reaching the epitome of success. A first thing
first is ‘raising the funds’. Keeping this in mind Consagous
advices the young, to manage their finances before entering
the business grounds to achieve long-term success. The
company also advices the budding entrepreneurs to be a
risk-taker, but rethink before committing long-term
contracts, leases or any recurring costs.
Present and Future
Consagous Technologies is specialized in providing
advanced, integrated project engineering solutions to the
clients which shaped the organization to extend project
forwarding, engineering, and lifting solutions. It also excels
in formulating exclusive IT solutions for different
industries. Team Consagous’ competent technical
professionals offer the best possible expertise and advanced
engineering solutions at every stage of the project execution
cycle which assists the organization to climb the success
roof-top.
While the start of 2019 was challenging yet opportunistic
for Consagous, it takes pride in being ready for the future
challenges with its strategic business blueprints inclined
with in-depth information detailing. It is on its way to help
companies in achieving their branding and marketing goals
with a fresh punch of energy.
Consagous is
confident to
deliver best in
Blockchain
technology as
per industry
standards

18. Businesses need technology to stay updated and offer
solutions that are unique, and one-of-a-kind. For
this, they need to adopt technology in its functional
form and create solutions that can be implemented and used
by anyone and everyone. That said, it is not easy to change
the entire infrastructure or the organization’s working
according to new and emerging technologies. So more often
than not, they hire specialists in these niche technologies to
help create solutions for their clients. Delivering
Blockchain-based solutions for such businesses customers
is a young start-up Fluper Limited.
The company has emerged as a one-stop destination to
building Blockchain-based solutions in governance,
healthcare, banking, pharmaceuticals, and capital markets.
With a team of 250+ professionals, the startup has already
become a recognized firm among users when it comes to
delivering advanced and cutting-edge solutions. Apart from
Blockchain, it is also known for its exceptional mobile
applications in different domains, including travel, media,
IoT, AR/VR, food, and much more.
The New Start-up on the Block!
Anshul Sharma Founded Fluper at the young age of 23
and instantly became a source of motivation for many. With
his positive attitude and hard working nature, he has made
Fluper a ‘Trusted Organization’ globally. Blockchain
became an obvious choice of technology for the company
given the frenzy it has created in the world. It offers the
latest tools for authentication, as well as, authorization in
the digital era that prevents the requirement for a lot of
centralized administrators. Consequently, it allows in
building new digital relationships. After considering its
increasing demand in the global market, Anshul and his
team decided to decipher all its advancements to give
businesses a new approach.
Being a leading company in providing Blockchain and
mobile solutions, Fluper is constantly trying to innovate
something advanced and modern. These experts are aware
of the fact that in order to survive in this cut-throat
competition it is important to follow the latest trends.
Numerous organizations are adopting Blockchain
technology to enhance their business productivity and ROI.
And that’s where the opportunity lies.
Opportunities and Challenges
Anshul believes that technology is helping the organizations
to save their time and consequently, money. Exchanges are
quicker, particularly with the internet. He adds, “We all
know that massive tech-enabled advancements have also
FLUPERBringing Scalability
to Business with Blockchain
Anshul Sharma
Founder
| August 2019 |16

19. augmented the efficiency of roughly every industry in the
globe. We can now pay with bitcoins rather than using
banks.”Although technology is unquestionably making our
lives simpler, the effortlessness of accessing the public
information presents a broad variety of legal allusions for
businesses, such as data security, social media related
liabilities, cybercrime, virus attacks, and more.
With immense opportunities, the Company also faced
multiple challenges in the beginning. What kept them
floating was their clear mission and vision and the ability to
work together as a team. Anshul says, “Well, strategies vary
but your mission can act as a dynamic force behind the
position you are trying to achieve. We knew that our
mission will serve to cement our long-term goals. We made
20 diverse tactics in motion; however, we kept them reliable
with the same vision and mission.” From the beginning,
they focused on teamwork to drive creativity and help in
brainstorming ideas that are not possible in working solo.
Scalable Solutions
Fluper offers various Blockchain powered solutions, in
order to develop innovative products that increase the
digital currency like bitcoin, cryptocurrency, etc. Fluper’s
Blockchain professionals utilize their expertise in the
building of incorruptible digital, as well as, distributed
ledger for economic transactions. Here is the list of some
services it offers:
• dApps Development
• Supply Chain Development
• Custom Cryptocurrency Development
• Custom Blockchain Development
• Smart Contracts Development
• Cryptocurrency Wallet
• Private Blockchain
• Blockchain Testing
With the potential to offer customized business solutions
and the ability to diversify, Fluper has become a known
brand in the market and already has several associations,
such as BBC, IBM, and Oracle.
Let Creativity Flow
The management at Fluper believes that creative employees
can aid cultivate business by giving better solutions to
issues, growing sales opportunities, and making products
and services exclusive from competitors. Therefore, it is
quite necessary to motivate creativity, as well as, innovation
in the workspace.
In order to promote a creative workplace, Fluper offers a
stimulating environment, encourages individuality,
harnesses creativity in the workplace, facilitates anonymous
suggestions, takes action based on employee input, rewards
out-of-the-box thinking, and much more.
In the Offing
With a mission to become number one in the market, Fluper
is planning to come up with the most advanced solutions. It
wants to open new doors for the organization so that they
can grow their business globally. Fluper is always ready to
assist its clients around the clock with a team of seasoned
professionals who have the capability to fulfil all kind of
business requirements.
Only the
company with
a unique and
dynamic product
or service
can grow
its business
across the
globe
“
“
| August 2019 | 17

20. Blockchain technology is the
growing list of records that
are connected by encryption.
This technology enables you to make
instant transactions without any
middleman through a secure network
that stores the records of the
transactions in strong computer codes.
It ensures that not a single transaction
is modifiedor altered.
Mobile Companies Flagging-up
Blockchain
The first boost for the crypto-focused
smartphones from the trending players
likeSamsung andHTCis astep
GETTING SMARTER WITH THE
BLOCKCHAINBLOCKCHAIN
| August 2019 |18

21. | August 2019 | 19
EDITOR’S VOICE

22. towards a decentralized web. The devices operate on their
own operating system and private keys. They have
encrypted communications and peer-to-peer data sharing
whichprotectsfromandroid’s insecurities.
Progressive enterprises such as fortune 500 companies
from retail and finance to auto-mobile and airlines are
exploring tangible business outcomes in business
operations and security with the implementation of
blockchain solutions. Considering some of those, The
United Health Group has partnered with blockchain to
keep records up to date which will examine how data from
various healthcare organizations using blockchain
technology can improve data accuracy, streamline
administration and enhance healthcare access. The
inconsistencies in the data provided by the claimant and the
actualrecordscanbeprobablyavoided.
Amazon Web Service is now equipped with two popular
blockchain frameworks, Hyperledger Fabric and
Ethereum. The Amazon Managed Blockchain can now
create blockchain networks spanning multiple AWS
accounts that enable a group of members to execute
transactionsandsharedatawithoutanycentralauthority.
DefenceDrawing Close to BlockchainApplications
Issues of cybersecurity-related to military organizations
are the biggest concern of any nation. So adapting a secure
communication is crucial. Many of the applications such
as, integration of drone technology withAI and blockchain
applications can not only analyze and accurately report on
real-time footages but also yield autonomous drone
operations. Each drone can work as a part of a
decentralized network thus storing the data safely on the
blockchain. Many military organizations are increasing the
use of emerging tech in its operations and looking to
blockchain to check breaches and cybersecurity issues in
communicationdata.
India’s Manoeuvretowards BlockchainTechnology
India’s public sector is fast emerging as a large consumer of
Blockchain technology. Thus 50% of the state
governments are involved in initiating and collaborating
with different stakeholders to accelerate the public sector
blockchain adoption in the country according to
NASSCOM Avasant India Blockchain Report 2019. In
India, the BFSI (Banking, financial services, and
insurance) sector is leading the blockchain adoption along
with major banks and insurance companies. Other
industries such as healthcare, retail, and manufacturing are
alsojoiningtherace.
Though upgrading the skills is the biggest challenge faced
by the providers across India, they are trying to build the
gap through cross-training programs. The service
providers are also building abstraction layers on top of the
existing platforms to enable employees skilled in widely
used development languages like JAVA and C++ to code
onit,therebysavingoncosthiring.
FewWorriesbut Strong Desire
There are some challenges faced in the implementation of
blockchain technology. Cybersecurity is one of the
concerns but, tech giants are taking advanced efforts to
tackle the security issues by hiring smart competitors and
seamlessly training the candidates who need technical
support.
TimeAhead
India has a cautious approach towards shaping the
blockchain ecosystem which can help drive the innovation
in India. Certain surveys have estimated that India could be
in the leadership ranks in the adoption of blockchain
technology.The previous generations of blockchain lacked
the key features that could be used to support use cases
beyond financial services applications and limited
interoperability between diverse platforms. But due to the
emergence of the 3rd generation blockchain platform that
has security, scalability and interoperability has set
enterprisetoaccelerate.
Globally amongst the enterprises, blockchain revenue is
central to banking, manufacturing and financial services.
Other verticals are expected to ramp up quickly in the next
fewyears.
The mobile devices will be a gateway to decentralized
applications that will akin to mobile apps we use today but
run on public, peer-to-peer networks and not on the private
servers ofbigtechcompanies.
- Rajkunwar Bhosale
| August 2019 |20

24. Creating Blockchain-enabled Enterprise Solutions
he below excerpt is an exclusive interview with
TMr. Nakul Shah – Founder & Director of Sate
Development.
Kindly brief us about your company.
Mumbai-based, Sate Development is a full-service software
development company with a focus on blockchain and
distributed ledger technology. It was started by blockchain
and fintech pioneer, Nakul Shah. The company is an
innovator of blockchain solutions for corporations and
enterprises, building custom software for some of the
largest institutions in the world. Sate has been named as one
of the leading blockchain service company globally, which
empowers high-potential organizations to successfully enter
and leverage the new paradigm of blockchain.
Brief us about the Founder/CEO, and what was the
source of inspiration for your company to be in the
Blockchain segment.
Nakul Shah is the Founder and Director of Sate
Development. He is a regular speaker at conferences across
the globe, on topics like Blockchain, Hyperledger and
Distributed Ledger Technology. As a longtime creative
thought leader in financial markets, technology and
innovation, he has worked with startups and multinationals
across the world. Nakul has played a significant role in the
adoption and application of technology. He started his
career at State Street Corporation in Boston, which is one of
the biggest and oldest providers of mutual fund, pension
processing and asset custody services. He used advanced
statistical and technical tools in the field of socially
responsible investment. He also served as a Product
Specialist for the wealth management team at Charles River
Development. While executing independent consulting
assignments, he has advised a leading sustainability firm
that helps Fortune500 companies. After acquiring
significant years of experience in fintech, Nakul moved his
focus to blockchain, which was an emerging technology at
the time. His experience and vision have helped Sate grow
significantly in the past five years. Besides creating
enterprise solutions, he also provides training, consultancy
and development services, helping clients de-mystify the
technology and understand how organizations can leverage
its key features. Nakul has conducted lectures for banks,
universities and governments, on various topics covering
platforms and use cases of blockchain. He also an author
for one of the best-selling books on Hyperledger. Nakul
holds a Master’s degree in Financial Engineering from The
University of Michigan Ann Arbor, USA.
What are the different products and services provided
by your company, setting you apart from your
competitors?
Sate Development is a service-based company. We address
blockchain and its complementing technologies such as
distributed ledger technology and smart contracts. We
provide a variety of services to assist enterprises in their
journey to achieve trust less consensus based global
partnerships.
Sate Development brings its strong expertise in Platform
integration and Digital transformation services to combine
with blockchain and provide value added services and
technology platforms.
We also serve as an end-to-end partner for projects, from
exploratory phase, through the design and development,
until solution deployment.
| August 2019 |22

25. INTERVIEWWITHINSIGHTSSUCCESS
Nakul Shah, Founder & Director
| August 2019 | 23

26. What are the key attributes that helped your company
overcome the challenges that it faced during its
establishment?
Being successful in business isn’t complicated, but the
degree of difficulty is hard to explain. As far as attributing
the success in business is concerned, especially for a
startup, the goal is to connect with as many people as
possible and build a strong network. Our interpersonal
skills coupled with the marketing team’s efforts have been a
cornerstone of our growth.
With the massive tech-enabled advancements, what are
the opportunities and challenges evolving with it?
It’s amazing to see how rapidly technology is evolving,
which makes new products and platforms available to us
every day. The power to retrieve almost any information
and communicate in several different ways with buttons at
your fingertips is amazing. Something new is always on the
horizon, and we cannot help but wait and wonder about the
next technological marvel that is about to come.
There are several tech trends in store for 2019. As a service
based company, our goal is to stay on top of these
advancements and follow a constant path of self-learning
and growth in order to cater to this ever changing market.
Besides learning a new technology, we constantly try to
think about how we can leverage them to assist our clients
better.
Share with us your company’s contribution to its sector
and how it is helping its clients in their business growth.
In a world where competition consistently claims to be #1,
it’s difficult to differentiate and build your own identity.
Difficult, but not impossible. We consider effective
differentiation as one of the main challenge faced by a
business, as we are forced to compete against big
companies. We have four ways that helps our business stand
out from the crowd. Each one of the following factors has
worked well with countless clients that we have served.
Provide Exceptional Customer Service – We treat our
customers like royalty. All customers have an expectation
of great service. Even from a marketing perspective, the
cost to bring back an existing customer is lower than the
acquisition cost of a new customer. Thus, exceptional
service is an important factor in our company’s success.
Good Communication – Honest communication about our
services and project scope helps lay down realistic
expectations which ensures that the clients are satisfied with
the end result.
Come Up with Something New – We constantly try to
improve our offerings by introducing new processes and
solutions to provide better service to our clients.
Embrace Corporate Social Responsibility – While most
believe that a company’s main responsibility is to take care
of its core stakeholders such as customers, employees and
owners, we believe that businesses should give back to
society as well. As part of CSR, we try to encourage our
team to do pro-bono work as well.
How do you motivate creativity and innovation in the
workspace while maintaining a healthy work
environment?
We follow seven simple rules:
• Make our business a pleasant place to be.
• Be respectful and supportive towards all employees
• Give employees room to grow.
• Share constructive feedback with employees.
• Be honest and transparent with them.
• Offer flexible scheduling.
• Recognize their achievements.
Brief us about the current scenario of Blockchain
startups and your company’s future plans.
What began as the basis for tokens, blockchain technology
— essentially a virtual ledger having the capability to
record and verify a high volume of digital transactions — is
now expanding across a number of industries. Blockchain
tech has reached far beyond its inception within banking. In
2019, businesses are expected to spend millions of dollars
on the technology, significantly more than the amount
invested in 2018. Industries from insurance to gaming to
government are starting to see blockchain applications.
Entrepreneurs now believe that blockchain has the potential
to transform many more industries. Ultimately, the use
cases for a verifiable, transparent register of transaction data
are endless. Blockchain is also resistant to fraud as it
operates through a decentralized platform requiring no
central supervision.
| August 2019 |24

28. The below excerpt showcases the journey of
the establishment of a Blockchain-enabled
company which is consistently striving to
transform the overall scenario of the business world.
Kindly brief us about your Startup.
CloudTrains Technologies – Where Technology
Meets with Passion. We’re experts in crafting
products that engage your audience, sets your brand
apart and, helps you achieve your goals. We develop
(what people see and how they use it) for websites
and applications. We focus on making sure these are
both useful and easy to use. CloudTrains is a
blockchain technology company that provides
end-to-end blockchain development services to
multiple business domains. Since 2015, the
CloudTrains is into the IT industry serving their
clients with the high-quality services. It is a software
development company that understands emerging
technologies such as Blockchain, Augmented
Reality, Big Data, Internet of Things and Artificial
Intelligence. Founders of the CloudTrains worked
with many Fortune 500 Clients, 20+ Products
funded, 2 Selected in Y-Combinator, Awarded by
Apple & Selected in Microsoft Ventures.
They aim to transform any size of the company by
offering blockchain solutions and make them achieve
competitive advantages.
Brief us about the Founder/CEO, and what was
the source of inspiration for your company to be
in the Blockchain segment.
Tripti Tiwari is the Founder & CEO of
CloudTrains Technologies. After finishing her
Graduation, She Started CloudTrains without any
prior experience of Industry. She already decided in
early days of her college, She want to be
CloudTrains
Technologies
Disrupting the Business
World Since 2015
Tripti Tiwari
Founder & CEO
| August 2019 |26

29. Entrepreneur and take her creativity and innovation at new
level. She had lot of achievements in her bucket, she got
selected as Microsoft Student Partner in Microsoft, she is
Mentor of Change in Atal Innovation Mission, Member of
Canadian Blockchain Council. Since 2015, CloudTrains is
canvassing dream of others. We develop mobile apps,
Software & website, which are the products of various
startups & Enterprises. Right, from the starting Tripti was
very sure about two things, one is to have an organization
which works on emerging technologies and second we will
provide high class services.
In 2016, When She heard about Blockchain, she decided to
start work on Blockchain, pivoted our business model, and
started investing blockchain technology in the startups and
enterprises, so that more and more startups & enterprises
will come forward with the best of the product ready in the
initial phase.
So, For Tripti technology and her Customer always her
bigger source of inspiration to use & invest technology and
build a product for their customers by which they can take
their business & products to new level of height. Tripti
believes that We are living in a time where people carry the
entire world on their palm. In today’s interconnected and
digital world, technological advancements are transforming
the lives of people in an amazing way. The company
incorporate advanced tools and resources to keep pace with
increasing demand of industry. For effective utilization of
new and upgraded technologies to attract users, the
company constantly engages into through research and
development. Working with different types of requirements
and businesses has helped Red apple to gain knowledge
about varied technologies and their impacts.
What are the different products and services provided
by your company, setting you apart from your
competitors?
CloudTrains have a set of multiple products, currently in a
time where business become very fast, we decide to work
on our products and make doing business process easy for
our customers, we build AI based CRM & ERP System,
Lead Management System with advanced workflows,
multiple Blockchain Solutions, Chatbots, DApps, Ledger
Systems. CloudTrains understand every aspect of the
project and discover what could be the best solution as a
business point of view. Apart from this, why we are
different from our competitors, So in CloudTrains we
develop two kind of products one is MVP & second one is
full-fledge product. MVP helps our start level entrepreneurs
to find feasibility of product in market & in between
customers and this solution is very good in terms of design
& development & cost. On Another Hand, where we work
for Enterprises & their pain points, this is the complete
full-fledge product build on latest technologies and give
their businesses a new level of growth in terms of revenue
& people. We worked with TIZEN and got selected in Top
16 Partner in World and our name announced in Shanghai,
China. We face many Ups & Down in our Entrepreneurial
Journey, but today We have multiple Offices, the First one
in Gwalior, Second One in Pune, Third One in New Delhi
and USA. Currently, we have a client base of 800+ Clients.
What are the key attributes that helped your company
overcome the challenges that it faced during its
establishment?
There are many challenges in Startup Journey, But Number
of Challenges is always equal to your learning. Challenges
make you strong & give a chance to you to get the best
version of yourself. IT Service Industry has a very vast
market space in today’s era. Each & every industry depends
on technology for their success, growth & revenue. A
startup is not only about ideas; it is much more than that. It
is about team building, paying salaries, create a healthy &
innovative work culture, working on new technologies on
time irrespective of all the difficulties you face, being
accountable to a lot of people, compliances, and so much
more. We expend a very less amount of budget on
marketing, we are using content & customer marketing as
our strategy. We got our first client by one of my friend’s
reference after from that 1st client to 800+ Clients value all
we got on our trust & commitment basis. Whatever we
commit to our customer we fulfill them. Client Reference,
Meet Ups & Networking are our key marketing strategies.
We do
this because
we love
building
great
Products
“
“
| August 2019 | 27

30. entrepreneurs who have a rough idea, need fast execution at
lower cost and need a quality team which is approachable.
They come to us with an idea, and we help them build their
tech infrastructure. In short, we are a startup made to help
other startups & enterprises.
We have also developed many products for enterprises like
Samsung, HCL, TIZEN. CloudTrains got selected in Top 16
Partner from World in Tizen Developer Summit for better &
tech enabled solutions.
How do you motivate creativity and innovation in the
workspace while maintaining a healthy work
environment?
CloudTrains is people friendly organization/workspace. We
are having the best working culture, full of life, work life
balance and happy team members with decent packages and
100% client satisfaction is behind the growth that we have
achieved in just a year. With in one year after launch we
have more than 40+ Team Size.
We always take care of our employees, even they are not
our employee they are our family. We do lot of learning and
fun activities to keep our team healthy, happy and
motivated.
Brief us about the current scenario of Blockchain
startups and your company’s future plans.
With the continued development of blockchain technology,
we are not far from a reality where people can exchange
value in a peer-to-peer manner without powerful market
regulators and central authorities. Value transactions could
be programmed and enforced in code, verified through mass
collaboration, making fraud or any other interference an
impossible task. This technology opens up new
opportunities. It could potentially revolutionize the current
models of commerce, energy, finance, politics, real estate,
and many more industries. If the rise of billion-dollar
marketplace platforms marked the last decade in the history
books of technology, I do not think that it will be far-
fetched to imagine that the next 10 years to be defined by
blockchain, when we will see networks disrupt and
decentralize entire markets, redistributing wealth and
maximizing economic efficiency in the process.
In Future CloudTrains builds a blockchain platform &
products, which delivers smart contracts solutions for
industries like real estate, finance & smart cities.
CloudTrains Technologies aims at providing an optimum
solution for reducing the risks associated with the
cryptocurrency transactions.
Ÿ As a Women Entrepreneur, Tripti said her challenges
were very different. Parents support, financial support,
Customer Acquisition, Marketing, Government
Compliances. But After all this Believe in your team &
yourself. “We learnt that giving freedom to your people
is the best thing a leader can ever do. It seems to be
risky at the beginning, with most fellow entrepreneurs
advising us against it. But our team proved them wrong,
and we are proud of them today. So, believing in your
people and having a strong desire to bring change can
make any startup successful.”
With the massive tech-enabled advancements, what are
the opportunities and challenges evolving with it?
After 2013, Technology World changes very rapidly. There
are lot of new technologies came in market. So, our major
challenge at that time to work with that technologies and
keep our self-updated because in IT continues learning open
a door for new opportunities. So, we decide to set up a
R&D Department in our company and create a community
of experts according to their technology, Soon in
CloudTrains there are more than 60+ Experts who have
expertise on different technologies. After this we start to
work on new technologies, build solutions on that and we
have a set of experts too!
Share with us your company’s contribution to its sector
and how it is helping its clients in their business growth.
CloudTrains is an innovative technology company that
delivers software products based on the Blockchain, AI
technologies, iOT, Virtual Realty technologies for
organizations and growing startups. Our skilled team
analyzes customer’s goals to rocket-boost businesses and
develop long-lasting relationships with the organizations &
people. We work on latest technologies and make that
technologies useable in our daily life so this our
contribution to IT Sector and impact on tech world.
CloudTrains have in-depth knowledge of blockchain,
Artificial Intelligence, iOT, VR and many other
technologies how does it function, what problems it can
solve and what could be its use cases across multiple
industries. From idea evaluation to product design and
deployment of the product, we provide end-to-end quality
services that are required to build an application/product.
We listen our client’s ideas & pain points, work on that,
choose right technology & solution for them. Once we
deliver our solution to our customers, we always
continually in touch with them and resolve their problem.
We are specialized in building MVP (minimum viable
product) for startups. Almost 80% of our clients are
| August 2019 |28

32. In this era of information sharing, where data is flowing
at a very high rate and the life-cycle of a
product/service is short-lived, there is a need to keep
innovating and to stay ahead of the curve. This situation has
also presented numerous opportunities as industries are
being automated at an unprecedented level. With such
advancements, one can envisage loads of opportunities in
data sciences, blockchain-based IoT services, and
AI/robotics. Opportunities like these tend to create their
own challenges like Cybersecurity, Data Breaches, and
Privacy. Living in a developing country like India, there are
numerous inefficiencies in the system which hamper
country’s growth and corruption is also rampant. Switching
to the latest blockchain technology eliminates corruption
from the system, with more transparency and lesser
middlemen to make system and processes stronger.
One such company disrupting the blockchain technology
industry is Quest Global Technologies (Quest GLT). It is
a Global Information Technology company that focuses on
enterprise development solutions. “We are ranked No. 5
across the globe by Goodfirms.co and TOP Company as
reported by Appfutura,” claims Quest GLT’s team. The firm
has served several high profile clients from sectors like
Healthcare, Education, FMCG, Finance, and Real Estate.
With an aim to provide innovative and cutting edge
enterprise automation solutions, the company has expertise
in blockchain and data lake configuration services. Quest
GLT provides end-to-end solutions to clients, along with the
motive to maximize Return on Investment as per the cost
incurred by the clients.
Overseer of the Quest
The company’s founders consist of UHG, Healthcare
SMEs, S&P Certified CMBS Analyst and a team of experts
having in-depth knowledge of providing IT automation
solutions.
A charismatic Director/Co-founder and Quest GLT’s key
strategist is Romil Jain. His know-how makes him a great
resource and along with the ability to read between the
lines, he is great at number crunching. He developed these
skills while working as an S&P certified CMBS analyst,
where he was a core member of the counter-party risk
evaluation team. He has evaluated various business models
across industries like FMCG, Finance, Healthcare, and
Education. Through this Romil has acquired deep
knowledge of bottlenecks and operational problems faced
by organizations in these sectors. Such kind of hands-on
experiences is crucial in devising use cases on blockchain
and has helped the company’s clients for delivering
innovative automation solutions. His inclination to using
blockchain technology for securing the business processes
is a way of making an organization more secure and
reliable. He has orchestrated blockchain-based online
Certification, Notarization, Product Authentication, and
Land Records Management.
QUEST GLOBAL
TECHNOLOGIES
One-stop Solution for all your
Software Requirements
Romil Jain
Director/Co-founder
| August 2019 |30

33. A Helping Hand
As the company’s tagline suggests ‘Your Partners in
Success’, it believes in working as partners and helping the
clients to devise effective, long term automation strategies.
“We go the extra mile consulting the requirements, and give
our suggestions at every step, which provides us a definite
competitive advantage as compared to our competitors,”
proclaims the team of Quest GLT. The client retention rate
of the company is exceptional and most of the clients
become long term customers due to the exceptional services
provided by the team.
Some of the services carried out by the company include:
• Blockchain/ Cryptocurrency development
• Data Ingestion framework (Big data, Hadoop, SCALA)
• Customized ERP/CRM
• Cloud/Mobility Solutions
• Salesforce Customization & Development
• E-commerce end to end development
In general, blockchain-based start-ups are faring well, with
a lot of new entrants. But there is a real dearth of quality
developers working on the customized blockchains. “We
have already established ourselves as leaders in
implementing blockchain solutions,” tells Romil. Now,
building capabilities on Enterprise Data Lake solutions
seems to be one of his new goals. “Our aim is to grow the
company 10x in the next three years by providing cutting
edge innovative solutions to our clients,” he further adds.
Quest GLT would continue to explore synergies globally
and build marketing channels across the globe to propel its
clientele. The company has already opened subsidiaries in
the USA and Canada. It has also acquired stakes in
Australian companies. “We plan to open offices in Europe,
Middle East, and Singapore in the next couple of years
while enhancing the quality of our products and services,”
states Romil discussing expansion plans.
Rising and Shining
Focus, Perseverance, and Innovation were the key attributes
that have helped the company so far in overcoming
numerous challenges since inception.
It becomes a challenging process where the blockchain
guidelines are restrictive and there are no clear guidelines
when it comes to operating in India “We need to educate
the client about the policies, which is a daunting task.
However, our focus and perseverance help us in creating
effective automation solutions for the clients,” tells Romil.
Quest GLT has helped various private and government
organizations in implementing automation solutions and to
include data sciences in processes for maximizing
efficiency. Following are some of the examples:
1. Creating a wallet for Dinar Dhiram Koin (DDK)
in-order to support and facilitate a complete audit
of the code for the DDK Blockchain, DDK
Website, Staking and Voting process of DDK.
2. Whizleads is a Sales App designed and developed
by Quest GLT. The app creates quick and easy
profiles of the leads and customers. With the use of
machine learning and artificial intelligence to
analyze the personalities, mood, and values of the
leads and customers, it helps in closing the next
deal.
3. Rowan Energy Club is the world’s first community
fed green energy company where members can
buy and sell their green energy from each other
peer to peer. The company is implementing a Price
on Application (POA) based custom Blockchain
for Rowan where-in peer to peer energy trading
would be done.
While discussing workplace efficiency and maintaining the
healthy work environment, Romil suggests a few pointers
which his team at Quest GLT implements and follows.“To
enhance creativity and innovation, we have an open-door
policy, where anyone can discuss their ideas,” expresses
Romil. “We also promote Flexi-timings and have an easy
work-from-home policy,” he describes. In addition to all of
this, the team is constantly being upgraded by participating
in various developer meetings and knowledge sharing
seminars.
Helping you
transform
your business
by delivering
tomorrow’s
results, today
“ “
| August 2019 | 31

36. No middlemen, trustless framework, immutability,
and inflation, Cryptocurrencies have garnered a lot
of attention among the masses.
Is crypto restricted to just sending and receiving money
across peers and making money? Interestingly not!
This peer to peer mechanism has created an industry that
has disrupted every nook and corner in finance, commerce,
capital, and the traditional world. From Aerospace to
healthcare, real estate to voting, supply chain to
cross-border payments we are looking at another important
breakthrough after the internet. The Blockchain plays a
pivotal role in reducing costs, claiming ownership and
automation. It possesses credible properties such as inherent
trust, legitimacy and a faultless mechanism working under
the hood. Being distributed, it does not allow any single
party to have complete access or control the network, which
is why it has become one of the most favored technologies
in the world. It is now driven by ever greater amounts of
development, applications, social networking, VR, Games,
remittances etc.
Corporate giants and world-renowned banks have started
harnessing Blockchain’s power to streamline business and
money sent over centralized networks. A record-keeping
mechanism that is utterly secure and faultless, who would
not want to jump right in and become an advocate. There
are many businesses and banking Blockchain running
across the world such as public, permissioned,
semi-permissioned and private ones such as the
open-source Hyperledger project, R3 Corda, Ripple etc.
Governments are also looking forward to implementing
Blockchain in their development projects to transform
existing models which are slow and less significant.
Blockchain in India is now emerging at a decent pace. An
Indian Blockchain company is planning to implement this
technology in securing title deeds with Rajasthan state
government. It will help in auditing land titles and
preventing false allotment for personal gains. A majority of
cases in courts comprise of land disputes which Blockchain
can end once and for all. India is a growing nation with the
ambitions of becoming a superpower so utilizing
Blockchain in various sectors can boost up the economy as
well as eradicate fraudulent activities.
Disruption has knocked on our doors, are we ready to
embrace it?
The Blockchain has deeply influenced sectors like Fintech,
Supply Chain, Healthcare, Logistics, Real Estate and even
service industries such as Online Dating. Safer ecosystems,
trustless relations and paradigm-shattering solutions to
mundane things continue to attract the untouched fiat
markets as well. The recent development of this can be
attributed to JP Morgan Chase which is coming up with
their own JPM coin. It is designed to help their clients and
customers with smoother financial transactions adopting
Blockchain technology. Fintech Blockchains such as Ripple
and Cashaa is already recognized by a few prominent
banks. The Blockchain also remains unperturbed by the
governments that impose laws, create stringent policies, or
deter people from investing.
There are other industry sectors that are wide-reaching and
making changes to improve efficiency. NASA is also
boosting data security and safeguarding the privacy and
security of flight data and mid-air airline communications
by utilizing this tech. It is not an overnight prospect but is
still achievable. For competent professionals across sectors,
the abundance of modern tools and technology will aid the
facelift. Currently, the industry is in need of solutions that
offer customer services, interoperability and increased
security which is highly synonymous to innovative
technologies like Blockchain. Enterprise adoption of the
Blockchain will help revolutionize businesses in operations,
settlements, HR, data science and more as opposed to
centralized and slower models.
In the future, whether its IOT, Robotics or Machine
Learning the Blockchain will create an interconnected
universe of technologies mingled together for more
productive ecosystems.
| August 2019 |34

37. | August 2019 | 35