Top 10+ Blockchain Technology Companies
Looking for top blockchain development companies? Here’s a list of best blockchain development services with verified client reviews and ratings to assist you in selecting your trusted top blockchain developer. Blockchain development is an intriguing concept of being a distributed ledger of unalterable digitally recorded data. The blockchain technology was initially limited to protection of financial transactions being a global database that does not rely on a centralized administrator. But, with fresh case studies coming into the picture, the use of blockchain technology has emerged as a new horizon for I.T. business market. Hence, finding the perfect blockchain development company for your business idea is now made easy by GoodFirms through the below list:
- Sort By
- Relevance
- Most Reviews
List of Blockchain Companies | Top Blockchain Developers
Filter
Unicsoft is a trusted technology consulting company, delivering AI and Blockchain solutions to drive business outcomes for startups and enterprises. The Unicsoft team has deep expertise in: Machine Learning, Natural Language Processing, Computer Vision, Blockchain, Big Data, Data Science, Data Analytics fields. We help startups validate ideas, build an MVP, iterate towards reaching product-market fit, and scale fast. For enterprises, we provide technology consulting comprising building business-led solut... read more about Unicsoft
Singapore
One of the top blockchain development companies with over 50M+ active users for their apps and an industry-competitve 97% customer success score. SoluLab has partnered with Fortune 500 enterprises to high-growth startups including Walt Disney, Goldman Sachs, Mercedez Benz, University of Cambridge, Georgia Tech, and more. Led by management leaders from Goldman Sachs and Citrix, SoluLab targets cost savings of over 50% for the client with an enhanced hiring model that improves hiring speed by 400% compared to other industry players. S... read more about SoluLab
India
Talentica Software is an innovative outsourced product development company that provides startup-oriented remote teams to help startups build their own products. In last 17 years we have successfully enabled 140+ Startups to create their own success stories. With average client tenure lasting for 2.5+ years, we promise a strategic & valuable tech partnership for Startups. We have a team of 400+ problem solvers across 9 Technology Excellence Groups: AI/ML, Blockchain, BigData, De... read more about Talentica Software
India
ELEKS is a Top 100 Global Outsourcing company. We partner with enterprise clients and SMEs to elevate their value through innovative technologies. Our 1,500+ experts, located across Europe and the US, provide our clients with a full range of software services. These include custom software development, product design, quality assurance, R&D, smart teams and support and maintenance services. We’ve been helping industries including logistics, retail, finance, agriculture, healthcare and government, digitally transform the... read more about ELEKS
United States
Labrys is a leading Australian blockchain development and consulting agency. We help our clients plan, architect and build innovative blockchain products. At Labrys, we provide end-to-end services for Individuals, Startups, Enterprise and even Government clients looking to Design, Build and Launch Innovative Software Solutions using Blockchain Technology. From Smart Contracts to mobile applications and everything in between, Labrys can handle your blockchain related development needs. By adopting the latest technologies and framewo... read more about Labrys
United States
ADORIASOFT IS A TEAM OF ENGINEERS WITH A PRIMARY FOCUS ON BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGIES. We develop software products for startups and mid-size businesses. Building software from scratch, we always look at it through the end- user’s eyes making it as intuitive and functional as possible. Our partners can rely on Adoriasoft as our team knows perfectly and follows all the product development phases. We know how new products are entering markets, whether the goal is to pitch investors or release the MVP. In creating s... read more about Adoriasoft
United States
We are Idealogic Idealogic is a full-cycle software development firm based in Kyiv, Ukraine with strong expertise in product design, custom software development, QA assurance, and post-release support in Fintech, Logistics, Retail, and Business Intelligence areas. We are focused on the partnership with startup founders and entrepreneurs that are keen on the development of their ideas in a flexible and transparent way with an affordable budget. Why Idealogic? We do care about each project as our own. Firstly, you will think it'... read more about Idealogic
United States
Incorporated in 2009 and headquartered in the USA, OpenXcell is an industry-leading & most reliable software and mobile app development company known for delivering innovative software solutions and engaging mobile apps. Due to our unstoppable quest for adopting newer technologies & innovations, we have evolved into a one-stop destination offering end-to-end Business & Technology Consultation. We have made a stellar reputation in the technology industry by adhering to strict timelines and quality deliverables. We are considered t... read more about OpenXcell
India
S-PRO is an innovation technology partner. We help startups to create innovative products and empower existing businesses with the digitalization of their core processes to much customer-centric economy needs. By partnering with accelerators Founder Institute, Sente.Link, BCCS Cluster and others we help our clients to achieve more business connections and competent advisory. S-PRO team of 150+ talents has expertise and capabilities to provide a sophisticated personal approach and deliver complex market recognized solutions. Our R&D... read more about S-PRO
United States
Welcome to Cubix! We are excited to see you on our profile. Cubix is a leading mobile app, games and enterprise software development company! – expert in development, customization, and integration of complex enterprise-level solutions, business intelligence analytics, advanced web and mobile solutions. With over 8 years of experience, we have worked for clients that include individuals, startups, and organizations Our team is constantly improving and mastering industry progression. E-Learning, IoT, Artificial Intelligence, Machin... read more about Cubix
United Arab Emirates
We build and design complex, high performance digital solutions that stay ahead of the rapidly changing pace of the industry. Since you pinpoint what you need, be sure we have a comprehensive approach to the full development cycle.
inMind is a Software Factory that provides outsourcing mobile software solutions, for local companies as well as for international corporations. Our main idea is to identify our customers needs and provide them Software Engineering Services that could resolve their problems. The notion that idealizes our endeavor is to generate latest technology applications to enable customers be on the forefront of their industry.
Bitfury is the leading full service Blockchain technology company and one of the largest private infrastructure providers in the Blockchain ecosystem. Bitfury develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain. The expertise of Bitfury ensures successful, easy, fast, secure and cost-effective connectivity to the Blockchain. Bitfury employs a global team of experts in technology, business, communications, security ... read more about BitFury
United States
The team behind Bitswift is passionate about emerging technologies and their capabilities. We provide technology solutions for businesses and individuals increasing their productivity, profitability and enjoyment. We provide responsive and reputable remote support. Call Bitswift to receive a session key to establish your remote connection. In Canada, the private sector’s use and application of personal data is highly regulated, protecting sensitive and personal information for both individuals as well as businesses. The Bitswift Rewards N... read more about Bitswift
Block Cyper is based in California and provides BlockChain services. Our architecture allows us to run in multiple data centers for redundancy and low latency. Simple and easy web APIs enable developers to build blockchain applications quickly and confidently. Our modular, cloud-optimized architecture is enterprise-grade for scalability, performance and reliability. We maintain a cluster of distributed databases which contain all transactional data for the entire block chain. We host full node blockchains for optimal security in validating and ... read more about Block Cypher
AlphaPoint is a financial technology company helping make illiquid assets liquid. It enables customers to launch new products and services by providing institutions enterprise-grade blockchain solutions to digitize assets, launch markets, and reduce operational costs. AlphaPoint has customers across 5 continents with offices in New York, Philadelphia, and San Francisco. Our mission is to help firms and institutions discover and execute their blockchain strategy.
Ardor is a blockchain-as-a-service platform focused on scalability that will allow people to utilize the blockchain technology of Nxt with their own blockchain, known as child chains, that are powered and secured by the Ardor blockchain. Since all processing will be done on the Ardor main chain, child chain creators won’t need to worry about common issues when creating a blockchain as well as securing it with enough nodes. Child chains will be able to utilize features currently seen in Nxt such as decentralized phasing, voting, and tradin... read more about Ardor
Blockstream was founded to develop new ways to accelerate innovation in crypto currencies, open assets and smart contracts. We're renowned architects of Bitcoin, cryptographers, cypherpunks, entrepreneurs, as well as leaders from the business, policy and the open source community. We believe in the potential of bitcoin and blockchain technology to have a significant, positive social impact.
Canada
Bloq delivers enterprise grade blockchain technology to leading companies worldwide. Blockchain-enabled technology is changing the way companies approach commerce, trading, transparency, security, identification, supply chain, auditing and so much more — the most significant and valuable business systems in the world will be powered by blockchains. Bloq maintains a deep open source ethos, built from decades of open source experience. Bloq delivers enterprise grade layers of key software infrastructure to power blockchain applications. Blo... read more about Bloq
WE ARE ADDICTED TO GROWTH AND KEEPING ABREAST WITH THE TRANSCENDING TRENDS OF TECHNOLOGY. Care for business-growth? Work with inventive thought-leaders. Get high-performance, profit-attracting and custom web solutions and mobile apps. Take your ideas to the new level. We let your brand create niche product and knowledge authority, in the busy online-era. Our methodologies are designed to help your brand gain excellence. We turn sporadic business ideas into steaming revenue. So, you taste the thrust of purpose-centric products. We va... read more about UpperThrust Technologies
ConsenSys is a blockchain venture production studio. Our global team is building an ecosystem of consumer-centric products and enterprise solutions using blockchain technologies, primarily Ethereum. ConsenSys aims to improve current services and concepts as well as building new ways in which we engage with technology and others. Blockchain technology and dApps have the ability to decentralize power from existing authorities through the use of smart contracts, cryptocurrencies, and asset ownership. This shift will change current businesses and e... read more about ConsenSys
Bitmark Inc. stands at an important crossroads between two phases of the internet: the Wild West, where bit companies own and exploit the digital lives of millions of people; and a future in which individual users can reclaim their digital property along with all the benefits of ownership. Unfortunately, neither the current reality or the future vision have been solidified in the public consciousness. People far too often still believe they own their digital assets when they do not, and so therefore a vastly different future is inconceivable. ... read more about Bitmark
Osiz Technologies, an eminent Enterprise Web, Mobile App and Software Development Company determined to deliver an absolute software based solutions For Start-ups, Entrepreneurs, Businesses and Industries. Osiz undergoes continuous research and be in constant update with the latest cutting-edge technologies to leverage the newest innovations including Blockchain, Cryptocurrency, Artificial Intelligence (AI), Big Data, Business Intelligence (BI), Internet of Thing (IoT), AI ChatBot, Machine Learning, AR/VR and Cloud computing for client’s ... read more about Osiz Technologies P LTD
We meet your business needs and know how to take your project to the next level. We stay on the cutting edge of each service we provide, from blockchain and DApp development to consulting and advisory services. Our team of professionals will guide you through blockchain adoption and integration whether you are a newbie or an expert.
United States
Technoloader (P) LTD. is a blockchain development company which provides a wide array of services based on blockchain such as blockchain development, supply chain development, cryptocurrency exchange development, cryptocurrency mlm development, dapp development, smart contract development, private blockchain development, multi currency wallet development and hyperledger blockchain development. Besides being an expert on blockchain and cryptocurrency, Technoloader is a leader for various other IT solutions including Website De... read more about Technoloader
At Deqode, our purpose is to help businesses solve complex problems using new-age technologies. We are industry leaders in blockchain solutions and we leverage our deep industry knowledge and technical expertise to optimise business processes, maximize impact and foster business growth. We are driven by our passion to innovate and create solutions that inspire the future.
India
Bitdeal is a Cryptocurrency Exchange & Blockchain Development Company. The main focus of the firm is to reduce the risks in bitcoin trading and to encourage new bitcoin exchange startups by providing a well-developed bitcoin exchange script or a cryptocurrency exchange software. Being a cryptocurrency exchange software solution, bitdeal has covered around 50+ countries around the world, and have collected more than 200+ happy clients within two years of journey. Bitdeal is also popularly known for providing complete blo... read more about Bitdeal
United States
Xord is a blockchain solution provider company. At Xord, We offer first-class Blockchain solutions to businesses to help them build reliance by integrating Blockchain technology in their processes. We help companies grow, build, improve and scale their Blockchain products. We aim to create an honest world by integrating blockchain into the usual business processes.
Antier Solutions Pvt. Ltd. is a blockchain development company offering solutions like decentralized cryptocurrency exchange and wallet development, P2P lending platform development, ICO/STO, coin development, crypto banking solution, and more. We have a team of 100+ blockchain developers with the knack for delivering result-oriented solutions to add value to our clients’ businesses. Apart from blockchain development, we specialize in web app and mobile app development, UI/UX design, corporate branding and digital marketing, and we have b... read more about Antier Solutions
United Kingdom
SAG IPL is an ISO 27001: 2003 certified full-service IT company based in India, particularly known for app and website development. Since its inception in 2010, the company has been engaged in offering comprehensive mobile app development, web development, digital marketing, ICO and cryptocurrency development services to its customers situated globally. The company is providing offshore website and mobile app development solutions, which are delivered to customers on a predetermined time frame and reasonable budget. They have a skilled and e... read more about SAG IPL
Australia
HoC Solutions is a USA-based blockchain development company with a solid background of developing innovative and result-oriented software applications and mobile apps. We primarily focus on helping businesses turn their dreams and imagination into a profitable reality by drawing up a feasible blockchain project development plan, presenting a realistic budget and then doing our best to stick with the timeframe while delivering the best possible blockchain product in the contemporary IT environment. What makes us a power-packed team of blockch... read more about HoC Solutions
Qatar
TechGropse is a Mobile App Development Company with a strong team of highly skilled IT experts. Being a leading Mobile App Development Company, We have developed extended expertise in developing Native Mobile Apps for various segments. The company also develops cost-effective Hybrid Mobile Apps and cross-platform mobile apps for various start-ups and entrepreneurs which can be run on multiple devices or platforms. Our client domain is 100% international from the US, UK & UAE. Why TechGropse... read more about TechGropse Pvt. Ltd.
United States
Agile Infoways is one of the leading IT solutions & services provider company. We have strong competencies in Mobile App Development, Web App Development, Blockchain, AI, ML, AR/VR, UI/UX and more. We have 13+ years of global presence in the USA, Canada, Australia, UK, European countries & India for delivering custom solutions for small, medium & huge enterprises and individuals. Having full essence of IT field, we have delivered 2200+ projects with a 750+ happy client base. With team strength of 250+ employees, we are gett... read more about Agile Infoways Pvt Ltd
India
Parangat Technologies stands tall amongst mobile app development giants. Parangat team of top iPad developers pays special attention to communication and requirement analysis in order to understand project complexity which leads to the foundation of a great application/game and helps in creating long term value for the iPad app user as well as our clients. It has the satisfaction of being one of the leading names in enterprise-level apps development space with complete authority in integrating people, processes, and products by providing cus... read more about Parangat Technologies
United States
We develop elegant blockchain solutions and platforms to empower successful businesses into new technology spaces. Every once in a while, a revolution comes along that changes everything as we know about this world. It was the computer in 1940s, the microprocessor in 1980s, the internet in 1990s and now it is the age of Blockchain. Interestingly, the growth pattern and adoption always follows the classic S curve with early adopters coming first followed by the masses. You can see a similar analogy happening the world of Blockchain just th... read more about BirthVenue Growth Solutions Private Limited
We are DxMinds Technologies, the fastest growing digital transformation company. We have our offices set up in the silicon valley of USA, India, Peru, UAE, and Australia. We master the art of developing cutthroat digital products and solutions leveraging state of the art technologies and best industry practices. Our innovation labs set up across various nations ensures on-time delivery of precise and full-fledged products to our end customers. We showcase a wide array of engagement models like offshore development, turnkey and co-owned projects... read more about DxMinds Technologies Inc
India
Debut Infotech is a full-service Blockchain development company that leverages Blockchain, IoT, AI, and other cutting-edge technologies to develop highly intriguing, intuitive software applications that cater to the diverse needs of modern-day businesses. Since 2012, we’ve been helping startups, SMBs, Fortune 500 companies, and leading global enterprises to steer their businesses towards rapid growth and profitability. Over the years, we’ve established ourselves as a market leader in mobile & Blockchain app development, havin... read more about Debut Infotech
United States
Accubits Technologies is a full-service software provider offering product development and digital transformation services to Governments, Tech startups, Fortune 1000 companies, and Businesses. Accubits helps organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms. Accubits is headquartered in Virginia, USA and has offices in Australia, Canada, UAE, Hong Kong, India, Norway, Singapore, Indonesia, and Switzerland. By focusing on emerging technologies and building a collective of u... read more about Accubits
United States
Errna is a leading technology company specializing in the areas of niche technologies like blockchain consulting and development, cryptocurrency exchange development, smart contracts application development, digital tokens creation, ICO launching, and other related solutions. We have been helping businesses from all around the globe venture into blockchain technology with our extensive expertise and experience in the technology. With our team of skilled blockchain professionals we work on developing quality-focused solutions that solve clien... read more about Errna.com
Knackroot TechnoLabs is an IT consulting and solution provider of next-gen business collaborate with customers across the world. With tremendous experience, comprehensive intelligence system across diverse industries and domains, we work with customers to turn them into most successful and high-performance organizations. Established in 2017, Knackroot TechnoLabs is headquartered at Ahmedabad, India with presence in Canada, Australia and the USA. The commitment to quality and the spirit to innovate has made us serve over 20+ clients across 7 ... read more about Knackroot TechnoLabs LLP
Smartym Pro is a full-cycle development company specialized in Mobile, Web and Blockchain development. The company has strong development culture and focuses on innovative solutions, using cutting edge technologies and frameworks. Smartym Pro is based in Belarus and has offices in some European countries (United Kindom, Germany, Poland). Our management team is certified with PMP, CSM. We use Agile and Waterfall methodologies (depending on the project needs) to deliver quality products that achieve your goals. Let's turn y... read more about Smartym Pro
Belarus
Founded in 2007, Prolitus Technologies is an ISO 9001 & ISO/IEC 27001:2013 certified company offering IT consulting, design and development services and dedicated IT teams to its customers. We are working on futuristic technologies like Blockchain, RPA, AI and ML, IoT, Business Intelligence along with the complete ERP solutions for your business growth. The company comprises of more than 250 employees in India, UAE, Singapore, USA and the development center in India. Our focus is to Maximize Customer Value Through Innov... read more about Prolitus Technologies
United States
ArStudioz is a best-in-class software solutions company that develops user-friendly Mobile Apps and software to help you increase engagement, transactions an overall satisfaction with your customers! We develop across all platforms—including Android and iOS devices, tablets, desktops, connected devices, IoT, Augmented & Virtual Reality Development and BlockChain. We believe in your Idea and help you with the hardest part- Implementation. We design innovative Applications for all platforms that out-perform the competition. We use th... read more about ArStudioz
Germany
Minddeft was founded back in 2015, by group of like minded techno people with customer centric approach. With our expertise, skills and dedication we have built number of solutions, with Blockchain Technology, which can make difference to business of our customers. During the short journey we have built some great partnerships with US and UK based companies, to expand our customer base. Since our inception our core focus is of providing Blockchain and Enterprise Solutions. Our area of expertise includes Ethereum, Hyper Ledger, Smart Co... read more about Minddeft Technologies Private Limited
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 blockch... read more about Pragmatic DLT inc
China
Software & Mobile App Development Company - Your Technical Partner iQlance being the quickest growing Custom Software and Mobile App Development Company possesses a team of certified developers, creative designers, product testers who follows the Scrum approach to bring your idea into reality through technology. We believe that the synergy between our customer and technology knowledge would create the best digital solutions that help the business to achieve its objectives efficiently and effectively.
India
*instinctools is a tech company with focus on digital transformation. We provide smart software solutions and innovation consulting services to businesses and enterprises from all over the world. For 20 years in the market, we have proved to be tech experts with solid experience in delivering solutions for Healthcare, FinTech, Education, Retail & eCommerce, Advertising & Marketing, Manufacturing & Logistics, Construction, and other industries. Why us: 350+ of Technology and Business expe... read more about instinctools
Germany
We create not just apps—we build apps that make money, drive real value for Your users, and hit the charts. How? A strategic approach to the Planning Stage provides an analysis of Your users’ current needs, development time estimation, deadlines planning, and actual work with them. We know our work well and, first of all, take care of Your future results. Our Team Lead and Tech Lead, who have 8+ years’ experience, test code themselves because we are focused on quality product. You can be sure that Your project is going righ... read more about OpenGeeksLab
Canada
Giraffe Software is a Ukrainian software development company providing high quality IT solutions in web development, consulting and software testing. We have expertise in a variety of areas such as, retail analytics, real estate market solutions, and high load dating web applications.
TrendLine Global is a software development company. We provide you with outstaffing and outsourcing: remote developers, web and mobile app development, blockchain technologies and other IT solutions. What abot us? 9 years on the market. 122 loyal customers. 262 completed projects. Wide network of IT experts. 5 offices all over the world (Ukraine, UK, Germany, US). We’re powered by the latest technologies. Customer data is protected digitally, physically and by internati... read more about TrendLine Global
United Kingdom
Buyer’s Guide
- What is Blockchain?
- What are the Benefits of Incorporating Blockchain Application?
- Which Are the Most Popular Blockchain Platforms?
- How to Choose the Best Platform for Your Company?
- How Much Time and Capital Is Required to Build a Blockchain Application?
- Which Are the Most Widespread Blockchain Solutions?
- Which Are the Revolutionary Applications of Blockchain Technology?
- Should You Build an In-House Team or Outsource Blockchain Technology Solution:
- How to Hire an Ideal Blockchain Development Company?
- GoodFirms Research Process:
What is Blockchain?
Blockchain technology rose to the heights of popularity after the inception of Bitcoin in 2008. Blockchain consists of blocks of unalterable data, which is then time-stamped and operated by an assemblage of computers. These blocks are connected employing the fundamental postulates of cryptography, thereby deriving the name Blockchain.
It was introduced as the first decentralized point to point automated cash system. Today, however, more and more industries such as financial services, healthcare, government initiatives, etc. are implementing blockchain technology solutions to streamline business models as per their requirements.
What are the Benefits of Incorporating Blockchain Application?
Here are the top five advantages of blockchain development services.
1. Reinforced Security:
The blockchain technology solution is an ideal method to ensure a secure record-keeping system. The blockchain application warrant that each transaction is approved before recording the data. The transaction detail is then encrypted and connected to the preceding transaction. The data on a blockchain application is saved over a ‘chain’ of networks rather than a single server, ensuring protection against hacking attempts. Moreover, the blockchain industry prevents any unauthorized actions, such as the addition or removal of certain entries, guaranteeing the legitimacy of the transactions.
2. Improved Transparency:
The decentralized blockchain app enables the access of the documentation to each network, ensuring transparent proceedings. The information on a blockchain network is more precise and consistent since the alteration of any record must be updated through general agreement amongst each participating network. This simplifies the task of assessing each record, analyzing and maintaining the integrity of the data. Moreover, blockchain systems facilitate the analysis of the asset’s journey from inception till the end, streamlining transaction traceability.
3. Time and Cost Efficiency:
Unlike traditional trading procedures, the blockchain development service streamlines and automates the transaction process, reducing the chances of human error and third-party intervention. This increases the speed as well as the efficiency of the transaction. In addition, since multiple members use a single ledger, the excessive cluster is easily cleared. Moreover, organizations can substantially reduce costs by removing 3rd party vendors and middlemen.
Which Are the Most Popular Blockchain Platforms?
Numerous blockchain platforms rose to fame since the inception of a blockchain technology solution. However, we are going to discuss the most prevalent blockchain networks.
1. Ethereum Blockchain
Ethereum was first developed in 2014 by Vitalik Buterin. It is a highly active blockchain platform that is employed to formulate decentralized blockchain applications. Key features of Ethereum Blockchain:
- It is an open-source, cross-industry platform.
- Its algorithm is Proof of Work-based.
- Ethereum developers design the platform.
- It accommodates smart contract functionality.
- It grants a 'permissionless' ledger.
2. Hyperledger
Hyperledger was introduced in 2016 by Linux Foundation. Hyperledger has mainly three variants, Hyperledger Fabric, Hyperledger Iroha, and Hyperledger Sawtooth. All three platforms adopt a modular approach to promote a decentralized blockchain app. Key features of Hyperledger:
- It is a Cross-Industry platform.
- Hyperledger Fabric and Hyperledger Sawtooth work on a pluggable framework algorithm, whereas Hyperledger Iroha employs the Byzantine Fault Tolerant algorithm.
- Like Ethereum Blockchain, Hyperledger supports smart contract functionality.
- Hyperledger Fabric and Hyperledger Iroha grant permissioned ledgers. Hyperledger Sawtooth offers a permissionless ledger.
3. OpenChain
OpenChain is created by the CoinPrism organization. It is ideal for managing digital assets due to its open-source functionality and unified API. This blockchain network also offers additional control to individual systems at a number of levels. Key features of OpenChain:
- It is a private network.
- It is based on the Partitioned Consensus algorithm.
- Administered by Linux Foundation.
- It provides permissioned ledgers.
- OpenChain has smart contract functionality.
How to Choose the Best Platform for Your Company?
Before teaming up with a blockchain development company, it is essential to select a blockchain platform that matches the various features required for the successful running of the project.
1. Permissioned vs. Permissionless:
The decision to choose a permissioned or permissionless interface is influenced by authority allotted to the participation servers. Permissioned platforms are the ideal option for businesses that require individual systems to be authorized before engaging in the chain. In addition, a permissioned blockchain application can accommodate thousands of transactions per second as opposed to permissionless systems.
2. Scalability:
The organization must analyze the scope of expansion in the number of its members and transactions before opting for a blockchain platform. The blockchain channels need to expand with the overall company growth. Moreover, consider the expected intensity of the trades to opt for the right platform. For example, platforms such as Paypal and Visa offer faster transaction results in comparison to Bitcoin and Ethereum.
3. Adaptability and Availability:
Each business has multiple pre-existing technologies in place. However, while incorporating a blockchain framework, the decision-makers must consider its versatility with such systems. Besides, organizations must examine the current trends and accessibility of the platform. Select the blockchain system that can be developed using a programming language that the Blockchain Platform’s SDK supports.
4. Support and Security:
Businesses must ensure the type of post-integration support offered by the blockchain platform. The platform association must be accessible and active. Inquire whether the firm provides timely feedback and resolution in case of a technical malfunction. Before selecting a platform, check out whether the system is deployment-ready or is still in the experimental phase. Furthermore, ensure the codes of the platform are peer-review tested across numerous use cases.
5. Cost:
Several blockchain platforms do not charge transaction fees. Whereas, systems such as EOSIO or Ethereum costs cryptocurrency for every transaction. Furthermore, Ethereum has a static pricing model as opposed to EOSIO. Therefore, being clear about the charges and tolls imposed, organizations can factor into the total investment of the project.
How Much Time and Capital Is Required to Build a Blockchain Application?
The expert team of researchers at GoodFirms conducted a blockchain development research based on the in-depth data provided by 50+ blockchain development companies.
Time:
The time taken to implement a blockchain project depends upon various factors such as the location of the client company and the blockchain development service provider company, the type of platform, required features, as well as the tools and technologies used by the blockchain development company. According to the survey, a straightforward project can be delivered within 1 to 2 months’ time. A blockchain development solution with moderate complexity is generally ready between 2 to 4 months. Whereas, a complicated system, all-encompassing an extensive network of users and limitless transactions can take 6 months to complete.
Cost:
The cost of developing a blockchain app can cost somewhere between the range of $10K to $300K. This may seem like an extremely wide range, however, the cost depends upon the type of blockchain development services required by the business. The cost may decrease if an organization builds a Distributed App with the help of a public blockchain network as opposed to creating a completely customized blockchain solution. Moreover, the cost also depends on infrastructure, data structures, SDK, encryption, framework, storage space, P2P network, and other such factors. In addition, the skill, expertise, location, and team size of the blockchain development agency plays a major part in deciding the cost of the blockchain application.
Which Are the Most Widespread Blockchain Solutions?
1. Smart Contract:
The Smart Contract is an ingenious method for making a transaction or deciding upon the terms and conditions in a contract between two fractions without the intervention of a third-party. For instance, consider a crowdfunding project - a person with an idea or a venture can directly receive funding from the supporters via top smart contract blockchain without middlemen such as the government or the banking sector slashing any amount as transaction charges or taxes. Moreover, due to the distributed blockchain network, each transaction is validated by the entire network ensuring that there is no fraudulent conduct. This promotes direct dealing with the clientele creating a transparent, trustworthy relationship.
2. Exchange:
Cryptocurrency trading is at the peak of fame today. The top blockchain developers offer a decentralized, immutable, pseudonymous platform that offers high-level transaction security while simplifying and speeding up the bidding process. The peer-to-peer solution also eliminates brokers, thereby reducing transaction costs. Furthermore, having a fast system means that businesses can conduct countless transactions in a fraction of time thereby increasing the chances of financial gains in the stock market. Blockchain technology is also apt to automate the post-trade events by streamlining real-time settlements, supply chain optimization, etc.
3. Blockchain Wallet Development:
Blockchain wallets are ideal for online trading without incorporating an arbitrator. The top crypto wallet development companies supply automated KYC verification methods that aid individuals in avoiding money laundering & frauds. Cryptocurrency also proves to be an asset during inflation since its value doesn’t change drastically. Blockchain wallets contain detailed information about each and every transaction allowing users to monitor their investments and purchases. It is also capable of accommodating multiple currencies making it a flexible choice.
Which Are the Revolutionary Applications of Blockchain Technology?
1. Elections:
The top blockchain development companies are working on projects that will secure the results of any poll-taking situations such as government elections, the board of director polls, customer surveys, etc. It will promote a transparent and easily accessible process. Blockchain app can further prevent the system from the hackers and ensure the integrity of the results.
2. Identity Management:
With the world going digital, most transactions and payments take place on the online forum. However, to date, the number of account hacking and identity theft cases is on the rise. Introducing a blockchain technology solution can eliminate this by creating a safe and clear digital identity database.
3. Land Registration
Blockchain ledgers are publicly-accessible, which makes an extremely efficient mode of record-keeping. A revolutionary project is the property title registration process. The real estate industry faces countless cases of fraudulent transactions due to the lack of a proper database system. This has urged a list of blockchain companies towards blockchain land registry projects.
4. Healthcare:
The best blockchain companies are exploring ways to provide a decentralized and secure platform for exchanging and handling personal medical records. An open platform will allow medical practitioners to view the entire medical history of their patients easily. This will enable them to provide quick treatment in case of an emergency.
5. Logistics:
Blockchain development companies are looking to enhance the way global logistics works. A decentralized supply chain method will not only automate the traceability of the goods but also increase the authenticity of financial transactions. Moreover, the blockchain system can eliminate unnecessary manual practices, thereby minimizing logging errors.
Should You Build an In-House Team or Outsource Blockchain Technology Solution:
Decide whether you wish to build an in-house team of blockchain developers or outsource your project to an established blockchain technology company. Having an internal team will offer you complete access to the developers as well as the on-going process. However, it is time-consuming and expensive since you have to invest in the infrastructural setup as well as the recruitment process. Contrarily, outsourcing gives you the freedom from nitpicking every single developer for the project. You simply hire a blockchain development agency, and they deliver you the product. Moreover, you save a substantial cost on the workspace, as well as investing in the latest tools and technologies. Finally, pick the top blockchain developers after evaluating their expertise, knowledge, and professional social media accounts such as Linkedin profiles to assess their quality.
How to Hire an Ideal Blockchain Development Company?
Discovering the best blockchain developer can be an immensely time-consuming and overwhelming process. Check out the following tips in order to hire the best blockchain development company:
1. Requirements:
Developing a blockchain application is a tedious task, even so, is explaining your exact needs to the blockchain development company. To be able to outline your vision clearly, you need to conclude what you need to build. Decide whether you are seeking a public or private blockchain development services. Define the scale of the project as well as the time and money you are willing to invest. This will help you identify the type of blockchain consulting services you would need along with the size of the team.
2. Budget:
After analyzing the features you wish to incorporate in your blockchain application, review the amount you are willing to invest in the project. Once you have a clear idea about how much you are ready to spend, request the shortlisted blockchain companies to send a detailed quotation. The goal is to identify a candidate that offers a complete solution within your budget. A certified blockchain development company proposes varying pricing models on the basis of multiple characteristics, like time duration and the difficulty level of the project. You may coordinate meetings with the team to negotiate the charges.
3. Work Profile:
Review the past work of the shortlisted companies. Inquire in detail, about the previous projects - what was the use case, the blockchain platform used, the size of database offers, as well as the feedback of the client. You may also probe whether the blockchain consulting service provider hit a snag during the project and how they tackled it. You may also request references of their previous clients and connect with them to comprehend their firsthand experience. Besides, do not forget to check out autonomous review and rating platforms such as GoodFirms to get an unbiased evaluation.
4. NDA:
Protecting your business idea and the data is a crucial aspect while outsourcing to a blockchain development company. Create a rough draft highlighting all the vital data and processes you wish to keep a secret in a Non-Disclosure Agreement. The top blockchain developer may request to add or edit a few clauses, however, if they outright deny signing the contract, consider it a red sign. The agreement must also outline the "all-inclusive" cost of the project to protect you from any deliberate deception or miscommunication.
GoodFirms Research Process:
To develop an ideal blockchain technology solution, business owners must invest in the best blockchain development company. GoodFirms helps prospective clients in this quest by listing down the best blockchain development companies worldwide.
The quintessential blockchain developers that made it to the list of top blockchain development service providers in GoodFirms' research are classified based on GoodFirms established research methodology which evaluates the participants on various qualitative and quantitative factors. This highlighted list of the best blockchain companies has been identified based on their blockchain development skills and expertise, market penetration, and experience in delivering customized blockchain solutions. The other valuable parameter considered by the research team is the valuable feedback and recommendation offered by genuine clients.
After a thorough analysis, our team of expert researchers deduced that the above-mentioned list of top blockchain technology companies provides unmatched blockchain technology solutions to meet the requirements of their clients from all across the globe. The esteemed companies possess a team of skilled blockchain developers that are up-to-date with the changing tools and technologies. The above list of blockchain companies then employs these tools to create customized blockchain solutions to help their client gain a competitive edge in the market.
If you think your blockchain development company possesses the streak and deserves a spot in our 'Research' section, register in GoodFirms to participate in the upcoming research process.
