Logiticks

Solutions done right

5.00/5 (8 Reviews)
About Logiticks
Logiticks provides effective and reliable information technology solutions and services for customers around the world. Our expertise in technology is coupled with a deep understanding of business needs. This allows us to offer solutions that result in productivity gains, op...
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$25 - $49/hr
50 - 249
2014
United States, India
Logiticks
Solutions done right
5.00/5 (8 Reviews)
Interview
Nishant Balan
Nishant Balan
CEO
Nishant Balan
CEO, Logiticks

Please introduce your company and give a brief about your role within the company?

FinLead Logiticks is a blend of finance and technology. We have a full 25% of our staff being finance
professionals (Qualified Accountants, CAs & CPAs), while 75% are technologists focused on custom
software development and technology consulting. Our finance team brings domain expertise to our
tech projects. Our technology division has been operating for 5 years and have executed 100+
projects across USA, UK, Middle East, Australia & India.

We have experience in domains such as FinTech, Oil & gas, Automobile IOT, Agri-tech and
Healthcare. We have also successfully executed Blockchain based projects, such as online
marketplaces (access to services controlled by crypto tokens) and enhancing accounting systems of
large charities (bringing fraud-protection and transparency using Blockchain).

I am the CEO of FinLead Logiticks.

How does your company differentiate itself from the competition?

As a business, we are focused on one single thing - value to the customer.
There are a couple of parts to it - one is related to what we stand for as a business partner and the
other is related to the service we deliver. As a business, we aim for a win-win in the long term. This
includes not only our customers, but also our employees. This can be done only on a foundation of
trust.

About the services we provide, our top priorities are Quality and Predictable delivery. Quality should
match the expectation of the business. Predictable delivery comes from good Project Management.
We use Agile Scrum and give real-time visibility into product development.

What industries do you generally cater to? Are your customers repetitive? If yes, what ratio of clients has been repetitive to you?

Industries we cater to are Automotive, FinTech, Healthcare, Agri-tech, and Oil & Gas. We do have
repetitive clients and 60% of our clients provide us with referrals.

IoT is a key area of interest. We have done IoT projects in several domains such as Manufacturing,
Automotive, Agriculture and Oil & Gas. The intersection of IoT and Blockchain is also quite
promising.

Please share some of the services that you offer for which clients approach you the most for?

●Cryptocurrency Wallet Development
●Smart Contract Development
●Initial Coin Offerings (ICO)
●Blockchain and IoT Integrations
●Cryptocurrency Exchange Platform Development
●Decentralized Application (DApps) Development Services in Ethereum and Tron
●Bitcoin Application Development Services
●Private Blockchain Solution such as on IBM Hyperledger.

Which platform do you prefer to use when developing a blockchain application? Why?

It depends on the requirement of the client and the business need. If the requirement is specific for
public ledger such as cryptocurrencies or crypto-tokens, we prefer Ethereum like platforms. For an
enterprise level solution and confidential transaction ledgers, we will use HyperLedger Fabric. Also if
the situation arise, we will build solution incorporating both platforms.

What tech stack and tools do your developers use?

Ethereum DApps comprises of a Web Application integration with web3js. The smart contracts are
developed using Solidity. Nodejs is also used for server side communication with Ethereum network
with web3js.

Are open source, decentralized protocols going to be more significant than their web equivalent?

Yes. Crypto-tokens are an excellent example. ICOs can allow startups to avoid the complexity of
regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. This
is achieved by the decentralized protocol of crypto-token. It also provides near instant liquidity for
investors.

What scalability and throughput challenges are there with blockchain? What solutions would you suggest?

Public blockchain like Ethereum can be used to store only a limited amount of data. Writing data into
it can be expensive compared to the conventional databases. So while architecting a platform, we
must incorporate databases to work along with the Blockchain ledger. Also technologies like
InterPlanetary File System (IPFS) can be used to solve theses issues.

Will the success rate of ICOs be better or worse than tech start-ups?

As mentioned above, ICOs can allow startups to avoid regulatory compliance and intermediaries such
as venture capitalists, banks and stock exchanges. Misuse and fraud usage of ICOs have made it
unpopular and untrusty. This have let down the market for crypto-token. Still crowdfunding can be
done, if enough proof or any prototype like model can be showcased or delivered to the public to gain
attention and trustiness.

What are the key factors that you consider before deciding the cost of a project?

This mainly depends on the features of the app(Scope), Risk Assessment (Complexity of the project),
Technology Stack and Architectural Design.

What kind of payment structure do you follow to bill your clients?

Our Engagement Models:
●Time and Material(T&M)
●Dedicated Team Model
●Managed Services (We take care of the project in its full entirety)

We also follow a milestone based payment structure for our clients for fixed bid projects.

What is the price range (min and max) of the projects that you catered to in 2018?

We have worked on some POC’s for startup and also build enterprise applications - range has been
from $10,000 and $200,000.
Contact information
us
Logiticks
17726 NE 26th St, Redmond, King County,, Seattle, Washington 98052
United States
206 787 9004
in
Logiticks
2nd Floor, Geo Infopark Kakkanad, Kochi, Ernakulam, Kerala 682030
India
0484-2970072
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