Cygnet Infotech, a leading digital engineering service, has partnered with Algorithmic Scale to improve data management.
Data management using blockchain’s smart contract technology has been a sensation in the crypto market. Many firms worldwide are getting serious about the futuristic optimization of the crypto space. Today, a leading digital engineering service, Cygnet Infotech, has announced its partnership with Sweden-based data service provider Algorithmic Scale to boost mid-sized Nordic companies’ data management.
Algorithmic Scale To Boost Cygnature
Algorithmic Scale’s operations in Sweden and its experience in BFSI, manufacturing, and retail in the Nordics region, will allow both companies to work effectively on solving businesses’ data challenges. Through this partnership with Algorithmic Scale, Cygnet Infotech will be able to provide mid-cap Nordic companies with a trained and skilled global talent pool. Cygnet will enable clients to utilize technology accelerators and product engineering DNA, including codeless test automation, RPA, and blockchain-enabled e-signing solution Cygnature.
Premal Dave, Vice President at Cygnet Infotech, said, “We work with our global clients to implement complex digital transformation programs and hasten the shift to microservices. Many of our clients have inquired about commercializing their data, and Algorithmic Scales’ expertise allows us to bring yet another facet of insights and data to our clients.”
Somil Gupta, Founder & CEO of Algorithmic Scale, said, “A major contributor to our success is the ability to design digital products and services for commercial value realization. The partnership with Cygnet Infotech helps us bridge gaps in our offerings.”
Adoption Of The Smart Contract Technology
Cygnet Infotech has been making bullish moves to scale its technology and delivery capabilities further. The partnership between Cygnet Infotech and Algorithmic Scale will provide enhanced data management for Nordic businesses through its data engineering and AI-enabled accelerators.
Cygnet Infotech aims to accelerate comprehensive Contract Lifecycle Management (CLM) to users by implementing its existing blockchain-based digital signing platform Cygnature from a recent partnership with smartContract CLM. Yogesh Lokhande, Business Head at Cygnature, stated, “We help clients accelerate their Digital Transformation through connected ecosystems. With our collaboration with smartContract CLM, we are confident that together with smartContract CLM, Cygnature will unlock even more efficiencies for businesses and will strengthen its position as a preferred digital contract signing and management solution.”
Cygnet Infotech has a wide range of clients around the globe, with 500 enterprise corporations, mid-sized business firms, start-ups, and government bodies. With this partnership, Cygnet Infotech aims to establish its dominance in digital engineering, blockchain-based solutions, RPA, Tax technology, and many more.
Cygnet Infotech is anticipated to build a significant presence in the blockchain industry with its innovative Cygnature technology based on the blockchain network. The firm is projected to touch a market capitalization of $2.2 billion by 2024, which doesn’t seem far as the company is always searching for new innovations implementing blockchain technology. It is expected that the partnership with Algorithmic Scale will help the firm begin its operations in Sweden, elevating contract creation, execution, and post-experience in a convenient way for business firms, and thus it will help expand globally.