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Pragmatic Distributed Ledger Technologies is an innovative software development company with the focus on blockchain and fintech industry. At its core, Pragmatic has a solution-based, hands-on corporate culture. Partnership with our clients is our engagement philosophy.
We believe that the world economy is undergoing a tectonic shift caused by megatrends, one of which is decentralization. At Pragmatic, we merge expertise in financial services and software development domains to facilitate the transition to a peer-to-peer economy. The blockchain is a dynamic and novel technology and most of the businesses are only starting to implement it in conventional industries. Pragmatic specializes in Proof of Concept projects to quickly launch blockchain solution and if successful, scale it at the speed of light.
Pragmatic DLT was founded in 2018 and is based in Toronto, Canada, the epicenter of blockchain tech scene. The Company has also an R&D center in Kyiv, Ukraine.
Locations
Canada
36 Toronto St,
Toronto,
Ontario
M5C 2C5
China
135 Yanping Road Jing'an District,
Shanghai,
Shanghai
200042
Ukraine
Bilomorska St, 1А,,
Lviv,
Lviv
02000
Focus Areas
Service Focus
- Blockchain Technology
- Other Services
Client Focus
- Small Business
- Medium Business
Industry Focus
- Information Technology
- Transportation & Logistics
- Retail
Pragmatic DLT inc Executive Interview
STANISLAV KOMAROVSKYI
CEO
Please introduce your company and give a brief about your role within the organization.
Pragmatic DLT is a global leader in consultancy and R&D focused on blockchain and crypto technology. We have delivered over 30+ high complexity projects spanning across industries and geographies, including the US, Canada, Germany, Singapore, and China. Beyond standard CEO responsibilities, my primary goal is to transform the complexities of blockchain technology into understandable concepts that help to advance real-world business decisions.
What is the story behind starting this company?
Pragmatic DLT was started in 2018 by a group of partners and friends that had a background in finance, M&A, accounting, software delivery, software architecture, and engineering. The idea brewed for a year and finally, after seeing how controversial and out of touch the business establishment was at the time with blockchain technology, we decided that we can contribute and shed some light on crypto.
What are your company’s business model–in house team or third party vendors/ outsourcing?
Right from the start, we had our core team in-house. Our business model stems from our core values, specifically we prefer much closer alignment with the customer goals. As a result, we always work in relatively small teams of senior developers, whom we call SWAT teams. This is just to give it a bit of an edge, not a typical day in the office when you are on a mission with a SWAT team!
How does your company differentiate itself from the competition?
Perhaps our core differentiator is our focus on blockchain technology. In addition, we do work across many different industries and have accumulated a huge knowledge base of what blockchain application will be the most relevant to this particular business. This allows clients to save big and get to the desired outcome much faster.
What industries do you generally cater to? Are your customers repetitive? If yes, what ratio of clients has been repetitive to you?
So far we have seen tremendous growth in traditional finance and lately starting from 2020 DeFi. However, supply chain and legal applications are a close #2.
Please share some of the services that you offer for which clients approach you the most for?
Our delivery model is uniquely structured to facilitate rapid prototyping and deployment.
- Solution Discovery Session to design product and scope of work.
- Proof-of-concept to quickly develop a demo for key stakeholders and verify blockchain and conventional architecture decisions.
- MVP development and launch timeboxed to two months.
Recently, we have also proposed a flexible staff loan model for more mature projects.
What is your customer satisfaction rate according to you? What steps do you take to cater to your customer’s needs and requirements?
I suppose our ratings on GoodFirms tell it all. Don’t trust, verify as Satoshi Nakamoto says :)
Perhaps, this recognition is our ability to make complex technology simple by helping our clients to understand not how ERC20 token works, but how it can be used in their business, like improving supply chain tracking or speed up loan agreement review.
Perhaps, this recognition is our ability to make complex technology simple by helping our clients to understand not how ERC20 token works, but how it can be used in their business, like improving supply chain tracking or speed up loan agreement review.
What kind of support system do you offer to your clients for catering to their queries and issues?
Pragmatic DLT has offices in Toronto, Canada, and Kyiv, Ukraine. This allows us to offer an almost 12h a day window to customers from Europe and North America to be in direct communication with us.
What kind of payment structure do you follow to bill your clients? Is it Pay per Feature, Fixed Cost, Pay per Milestone (could be in phases, months, versions etc.)
Predominantly our projects are broken down into two-week sprints and we are committed to taking full responsibility for the product. Our fees are directly linked to the scope of work and deadlines.
Do you take in projects which meet your basic budget requirement? If yes, what is the minimum requirement? If no, on what minimum budget you have worked for?
We are very liberal with respect to minimum budgets. Although I won’t be able to comment on a specific amount, I’d like to point out that for us several factors, such as novelty and impact plays a huge role. For example, I’m personally very much interested in projects that have a direct impact on improving governance and focus on climate change issues. I think there is an enormous potential for blockchain in government tech and we will be very happy to work on a project like that, however small.
What is the price range (min and max) of the projects that you catered to in 2020?
Our largest engagement in 2020 was slightly in the north of US$200k. The average project lasts for 2 months and can be starting at $15-20k.
Where do you see your company in the next 10 years?
Perhaps, it is expected that CEO should have a long-term vision. However, we come from an extremely dynamic industry, anything can happen within a year. Bitcoin whitepaper or COVID-19 is a good example of that. My personal goal is to maintain Pragmatic DLT leadership in the tech race and become the go-to firm for all things crypto and blockchain.
Pragmatic DLT inc Reviews
2 Reviews
- All Services
- Blockchain Technology
- Relevance
- Most Recent
- Rating: high to low
- Rating: low to high
Alex Zhebryakov, CEO & Co-Founder at Y-Productive
Posted on Nov 07, 2018
Blockchain specialists
Review Summary
We turned to Pragmatic DLT for technical consultancy on the blockchain technology. Our goal was to evaluate how blockchain can help us build secure user data storage for Y-Productive application, which helps people become more productive.
We went for solution discovery session and it was an eye-opening experience that helped us to understand specifics of the technology. The session resulted in well-structured recommendations on how to seamlessly incorporate blockchain into existing architecture. Next step was proof-of-concept development that was aimed to measure the performance of Ethereum network against our requirements. As the technology is relatively new, we considered this as an important step to make the final decision.
In essence, I am happy that Pragmatic DLT was my partner in this engagement. Guys possess strong expertise in blockchain and software architecture and are truly pragmatic in their recommendations.
We went for solution discovery session and it was an eye-opening experience that helped us to understand specifics of the technology. The session resulted in well-structured recommendations on how to seamlessly incorporate blockchain into existing architecture. Next step was proof-of-concept development that was aimed to measure the performance of Ethereum network against our requirements. As the technology is relatively new, we considered this as an important step to make the final decision.
In essence, I am happy that Pragmatic DLT was my partner in this engagement. Guys possess strong expertise in blockchain and software architecture and are truly pragmatic in their recommendations.
Billy Chan, Information technology and services at DropChain
Posted on Mar 04, 2019
They helped us build stronger team & product
Review Summary
What was the project name that you have worked with Pragmatic DLT inc?
Supply chain ecosystem