The global blockchain market size was USD 2.01 billion in 2019 and is projected to reach USD 69.04 billion by 2027, exhibiting a CAGR of 56.1 percentage during the forecast period. The increased demand for cloud-based services among organizations is expected to be one of the key trends for the market. The possibilities of the Blockchain are enormous and it seems that almost any industry that deals with some sort of transaction, which would mean any industry, can and will be disrupted by Blockchain as a technology.

Kytics Technologies is one of the leading Blockchain development service providers in the country with expertise in building, deploying and maintaining Cryptocurrencies and related assets.Their services majorly fall into the following categories. Deploying of smart contracts, setup of mining farms, Development of trading platforms and Development of AI implemented Robots for crypto currency trading.

"We recently launched the first Crypto payment gateway from India, cryptoengine.in which will enable companies globally to receive payments in Crypto coins like Bitcoin and Ether. Our prices are just a share of similar service providers and we are currently targeting clients across Malaysia and Singapore.

Last few years we have seen tremendous curiosity and interest among Indian e-commerce startups towards blockchain. Once the country has a proper legal framework ready in place to address queries related to cryptocurrencies, The Indian Market shall see its biggest ever jump to being a cash free market", says Sukalyan Das, CEO at Kytics Technologies.

Kytics is catering to organizations interested to use blockchain technology. They also cater to setting up of Mining Rigs. Also for organizations who are interested in AI based Crypto trading the company specializes in developing Intelligent Robots which can handle trading in different coins and across multiple exchanges. Kytics has most of its customers from South East Asian countries majorly Malaysia, Singapore, and Vietnam who have been using these bots for quite a while now with attractive results. They also have an office at Ho Chi Minh, in Vietnam.

Started by three friends, currently the organization has over 30 members and is still going strong. The team consists of programmers, UI designers, Server administrators, DB engineers and application testers.

"Before entering the blockchain market, we handled projects ranging from small websites to large-scale cloud-based apps which gave the team a wide array of experience. This also ensures we do not depend on a single client or a single technology for our operations",says Ramprasad, one of the most senior member in the team and an expert in cloud computing. Presently, the team is working on a SaaS-based trading bots platform named Kbots (Kbots.in). This is something along the lines of Algotrader. Users can login and take benefit of the existing auto trading bots which will trade on their accounts. Kytics has been working with certain teams from Singapore and Vietnam to help reach more clients and grow technically.

Currently, Kytics is working on a market disruptive concept which shall implement blockchain to connect rural farmers to their potential market. They believe Farming is one sector that can benefit a lot from the implementation of blockchain. Also, the company is devising methods to keep the infrastructure requirements low which is a major bane for organizations interested to switch technology to Blockchain, so the end users' cost remains affordable.

"If we can't provide better and cheaper alternatives to our clients what's the use of building it at all", says Sandeep Nayak, the CTO.