Top Blockchain Development Companies
Looking for leading blockchain development companies? Find a list of the top blockchain companies with reviews to assist you in selecting your trusted top blockchain developers. Blockchain development is an intriguing concept that allows the creation of a distributed ledger for digital data. Because blockchain technology is a global database that does not require a central admin, it has initially used to protect financial transactions. But, with new case studies coming into the picture, blockchain technology has emerged as a new horizon for the I.T. Business market. Choose the right blockchain technology company for your business idea is now made easy by GoodFirms through the below list:
List of Top Blockchain Companies & Developers
Web3 / Blockchain Developers
Labrys is a global leader in Web3 & Blockchain Poduct Development. We design, develop and launch products using blockchain infrastructure & Web3 technologies. We also build all supporting infrastructure (Web/Mobile Apps, APIs, Integrations) to enable any Web3 solution. We help&n ... learn more about LabrysVisit website$100 - $149/hr10 - 492017Australia, United States
Blockchain | IoT | Mobility | AI | Big Data
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 mor ... learn more about SoluLabVisit website$25 - $49/hr50 - 2492014United States, India
Your Technology Partner for Software Innovation
ELEKS is a Top 100 Global Outsourcing company. We partner with enterprise clients and SMEs to elevate their value through innovative technologies. Our 2,000+ experts, located across Europe and the US, provide our clients with a full range of software services. These include custom software development, produc ... learn more about ELEKSVisit website$25 - $49/hr1,000 - 9,9991991Estonia, United States
Team Augmentation & Web 3.0 Agency
Interexy is headquartered in Miami and with a developer center in Europe. Among our clients are such prominent companies as SAP, Pampers & Square, Sandbox, Lil Durk, General Electric, Square Inc., Cut&Shave Barbers, Xylo and others. Our clients value high adaptability, responsiveness, and proactivity ... learn more about InterexyVisit website$50 - $99/hr50 - 2492019United States, United Arab Emirates
Award Winning Software Development Company
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 ... learn more about CubixVisit website$25 - $49/hr50 - 2492008United States, United Arab Emirates
Blockchain | DEFI | DAPPS | Dex | Metaverse | NFT
In addition to a fully staffed blockchain R&D department, appealing content writers, fantastic marketers, skilled engineers and compassionate delivery heads make up InfoGrains 200-plus person team, which is expanding every single day. A technical behemoth is being built at InfoGrains. Our consumers adore us an ... learn more about InfograinsVisit website$25 - $49/hr50 - 2492011Australia, United States
End-to-end custom software development
Any startup has one chance to shine. When it is a lose or win situation, your custom software development provider will be a game changer. Idealogic has more than 5 years of experience working with startups. We focus on businesses working in crypto, health, blockchain and NTF niches. Our development teams crea ... learn more about IdealogicVisit website$25 - $49/hr50 - 2492016Poland, Canada
Mobile App/AI/Game/Blockchain Development Company
Quytech is a trusted Mobile app, AI/ML, Blockchain and Game development company with over 10 years of experience that help startups to take their first step in the right direction. We leverage the latest technology to shape your mobile app idea into reality. Our developed applications are appreciated for ... learn more about QuytechVisit website< $25/hr50 - 2492010India, United States
Leading Mobile App Development Company.
Incorporated in 2009 and headquartered in the USA, OpenXcell is a top resource hiring and software development company known for providing the top 1% of talent in the IT industry with highly skilled resources with over ten years of domain experience. Our inimitable talent recruitment practices ensure the best resource ... learn more about OpenXcellVisit website< $25/hr250 - 9992009United States, India
Cutting-Edge Solutions for App Development
We have been providing custom block chain development services for the past few years now and we are experts at creating block chains that meet all the requirements. We offer complete support throughout the life cycle of your project. From consultation to post-launch maintenance, we will be there with you every step of ... learn more about 5StarDesigners LtdVisit website$25 - $49/hr50 - 2492013United Kingdom, United Arab Emirates
Blockchain | NFT | Web3 | Crypto | Wallet
Having 13+ years in the Industry & nearly 5.5 years in blockchain and metaverse-related technologies, we delivered 50+ blockchain projects and 180+ others. We have over 150 blockchains and metaverse experienced developers who have developed and delivered various blockchain networking projects such as NFT Ma ... learn more about Suffescom Solutions IncVisit website$25 - $49/hr250 - 9992013United States, India
Crypto Exchange & Blockchain Development Company
Osiz Technologies Pvt Ltd, An CMMI - Level 3 Software Development Company determined to deliver an absolute software based IT 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 th ... learn more about Osiz Technologies P LTDVisit website$50 - $99/hr250 - 9992009India
Blockchain Development On-Demand
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 a ... learn more about MixBytesVisit websiteNA10 - 492017
Leading SDaaS & Blockchain Development Company
SotaTek is a part of Sota Holdings, a global Software Development as a Service (SDaaS) & IT Consulting group with 7 international offices in Vietnam, the US, Australia & Japan. We deliver sustainable App), , , with success guaranteed. With Software Development &&n ... learn more about SotaTekVisit website< $25/hr250 - 9992015Vietnam
Blockchain Development Company in India
Technoloader (P) LTD. is a blockchain development company that provides a wide array of services based on blockchains such as blockchain development, supply chain development, cryptocurrency exchange development, cryptocurrency MLM development, IDO Development, Smart Contract Development, Dapp development, crypto tradi ... learn more about Technoloader Pvt LtdVisit website$25 - $49/hr10 - 492017India
Mobile App development Agency
BrancoSoft is an established software development company with an enviable & proven track-record engaged in providing application development services, technology consulting and IT outsourcing solutions to clients worldwide. Started in the year 2011 as Thoughtwaver IT solution is a software development company w ... learn more about BrancoSoft Private LimitedVisit website< $25/hr50 - 2492015India, United Arab Emirates
Business challenges, decoded.
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 ... learn more about DeqodeVisit website$25 - $49/hr50 - 2492012United States, India
You Think..We Deliver..!
TechGropse is a mobile and web development agency with a strong team of highly skilled IT experts. 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 vari ... learn more about TechGropse Pvt. Ltd.Visit website< $25/hr50 - 2492015India, United States
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 ... learn more about S-PROVisit website$50 - $99/hr50 - 2492014Poland
Enterprise Blockchain Solutions
Bitdeal - Leading Enterprise Blockchain Solutions Provider offers A to Z blockchain-based services & solutions to 20+ industries. We have 200+ blockchain experts who are skilled in all new technologies and trends such as Blockchain, Cryptocurrency, and NFT. Some of the key services of Bitdeal includes cryptocurren ... learn more about BitdealVisit website$25 - $49/hr50 - 2492015India
ON-DEMAND SOFTWARE TEAMS
ValueCoders has been providing IT Outsourcing Services Worldwide. We combine Business Domain Knowledge, Proven Methodologies, and All the Latest Technology, With 450+ Well Trained Software Professionals to Deliver High-Quality Solutions that Add Value to Your Businesses. From Startups to Enterprises, Pro ... learn more about ValueCodersVisit website< $25/hr250 - 9992004India
Decentralizing the World
Antier Solutions Pvt. Ltd. is a blockchain development company offering solutions like cryptocurrency exchange and wallet development, P2P lending platform development, ICO/STO/IDO, coin development, crypto banking solution, DeFi development, NFT development, and more. The cross-functional team at Antier supports yo ... learn more about Antier SolutionsVisit website$25 - $49/hr50 - 2492005India, United Kingdom
Top 1 Blockchain & AI/ML Development Company
Unicsoft is a trusted technology consulting company, delivering Blockchain and AI/ML solutions to drive business outcomes for startups and enterprises. We have deep expertise in Decentralized Applications, DeFi, NFT, Blockchain/Play-to-Earn/Web3/NFT Games, KYC/AML, Smart contract  ... learn more about UnicsoftVisit website$50 - $99/hr50 - 2492005United States, Singapore
Aspiring to build an honest world
Xord is a state-of-the-art blockchain development company creating the most powerful products and services for the biggest companies across the world. From creating the world's first token studio to the flashstaking protocol - which basically provides you the option of earning upfront yield on your crypto dubbed as ... learn more about XordVisit website$50 - $99/hr10 - 492019Pakistan
Blockchain, NFT, Mobile App, Software Development
Established in 2000, CDN Solutions Group is a leading Blockchain, Software, Web and Mobile App development company in USA, AU, and India. We are an ISO 9001:2015 certified IT Solutions Provider company delivering innovative services. Innovative web & mobile business strategy, Agile solution development, R ... learn more about CDN Solutions GroupVisit website< $25/hr250 - 9992000India, United States
Your faithful marketing assistant
ReVerb is an American digital agency, providing a full cycle of marketing services for IT companies, hi-tech startups, ICO projects, and industrial enterprises. Our services include but are not limited to technical content creation, email marketing, SEO, SMM, ICO promotion, design, video production, public speaking, et ... learn more about ReVerbVisit website$25 - $49/hr10 - 492018United States
Blockchain Marketing, Development & SEO Company
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& ... learn more about SAG IPLVisit website$25 - $49/hr250 - 9992010India, Australia
Top Blockchain Developer in Toronto
We are a Toronto based Blockchain consulting firm which provides security and infrastructure solutions for Cryptocurrencies as well as Distributed Ledger Technologies for individuals and companies. We have whitelabel cryptocrurrency exchange solution, DeFi clone scripts, major leading cryptocurrency exchange clon ... learn more about Blockchain MindVisit website$25 - $49/hr2 - 90Canada
Your Partner in Success
Quest Global Technologies is a leading software development organization that works on Blockchain, customized ERP, Mobile Apps, Salesforce and Web Development. Quest Global Technologies has been rated as TOP Blockchain Development Company by various publication houses like Enterpreneur.com, Yourstory, Insight Success M ... learn more about Quest Global TechnologiesVisit website$25 - $49/hr50 - 2492013India, United States
360° Solutions of Blockchain Business Initiatives
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 develop ... learn more about HoC SolutionsVisit website< $25/hr10 - 492017United States, Qatar
Blockchain Development Company
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 organization ... learn more about Knackroot TechnoLabs LLPVisit website$50 - $99/hr10 - 492017India
We are outsourcing software development agency
Creating groundbreaking technological blockchain solutions and protocols: - We are developing cryptocurrencies and tokens based on your preferences, building something absolutely new, or using existing solutions, based on the most popular blockchains such as Bitcoin, Ethereum, Solana, Cosmos, Tron, Fantom, Avalanche ... learn more about SfxdxVisit website$50 - $99/hr50 - 2492015United Arab Emirates
Mobile App Development Partner
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 ... learn more about Parangat TechnologiesVisit website< $25/hr50 - 2492010India, Australia
💡Light your way to web 3.0
Over 8 years of our experience, we have completed more than a hundred projects and our team has grown to 80 people distributed throughout Eastern Europe. In recent years, we have successfully worked with NFT platforms, DeFi applications, engaged in blockchain development for GameDev, smart contracts and other projects ... learn more about MetaLampVisit website$50 - $99/hr50 - 2492014Georgia
Getting your Organization on Blockchain
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 ag ... learn more about BirthVenue Growth Solutions Private LimitedVisit websiteNA2 - 92018India
Redefine the Future of Supply Chain Finance
BSOS is dedicated to resolving supply chain finance processes on authenticity and liquidity roadblocks via blockchain. We connected real-world assets in supply chain with capital providers, be banks or the Crypto World. GoodFirms has rated BSOS as the "Top Blockchain Development Company" as well as J.P. Mo ... learn more about BSOSVisit websiteNA10 - 492018Taiwan, United States
We believe in transforming your dreams
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, Augm ... learn more about ArStudiozVisit website< $25/hr10 - 492017India, Germany
Product Engineering & Offshore Development Company
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 in ... learn more about DxMinds Technologies IncVisit website$25 - $49/hr250 - 9992018United States, India
Blockchain Solutions Experts
RWaltz Group Inc. is believed to be one of the popular providers of Blockchain Application Development in the USA, India. The professional organization is firmly organized in such a way to offer progressively acquirable outcomes and solutions for use in a variety of businesses, encountering problems in the informa ... learn more about RWaltz Group Inc.Visit website$50 - $99/hr50 - 2492000United States
Blockchain・Application Development・Web development
Founded in 2018, Ekoios Technology has been a leading development company, with a proven track record of 200+ blockchain, AI, web & mobile application solutions successfully delivered to clients worldwide. Our in-depth knowledge and extensive experience in high technologies, combined with dedicated support can e ... learn more about Ekoios TechnologyVisit website$25 - $49/hr50 - 2492018Vietnam, Japan
Blockchain Development | Product Innovation
SPARK+ is a Tech innovation company specialized in blockchain development with a wide range of expertise and clients across the globe. Established in 2018 SPARK+ has a combination of young folks and experienced, visionary leaders who believe in building solutions which can bring value to client’s busine ... learn more about SparkPlus TechnologiesVisit website$25 - $49/hr10 - 492018India, United States
Blockchain Development Company
Peiko is a company that develops the most demanding and technically complex web projects, improving the quality of products for all major IT markets in the world. We have been helping companies and startups develop and scale with high-tech solutions for 6+ years. During our work we have closed more than 189 su ... learn more about PeikoVisit website$25 - $49/hr50 - 2492016Ukraine
Your Technology Partner- Simple. Seamless. Secure
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. ... learn more about AccubitsVisit website$25 - $49/hr50 - 2492012India, United States
Crypto | ICO | Exchange & Blockchain Software
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 ... learn more about Errna.comVisit website$50 - $99/hr250 - 9992015United States
Web3, Metaverse & Blockchain Development Company
Hivelance is the leading blockchain development company with core expertise in Web 3.0, DAO, Metaverse, NFT, DeFi, DApp, Cryptocurrency, and Blockchain applications. We are a group of professionals with more than 10 years of solid experience working in the blockchain and cryptocurrency areas. Our primary areas of fo ... learn more about Hivelance Technologies Pvt LtdVisit website< $25/hr10 - 492020India
Blockchain | Crypto | ERP | Digital Transformation
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 ... learn more about Prolitus TechnologiesVisit website$25 - $49/hr250 - 9992005India, United Arab Emirates
Results, not promises
Debut Infotech is a full-service software development organization that leverages Blockchain, IoT, AI, DevOps, Cloud 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&rsqu ... learn more about Debut InfotechVisit website$25 - $49/hr50 - 2492011India, United States
Blockchain Solutions Provider
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 part ... learn more about Minddeft Technologies Private LimitedVisit website$25 - $49/hr10 - 492015India
Software consultancy company focused on blockchain
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 undergoin ... learn more about Pragmatic DLT incVisit website$50 - $99/hr10 - 49Canada, China
Your Technology Partner
SDLC Corp is an IT company based out of India. We have a team size of 48 members which includes web and mobile developers, UI/UX eprts, graphics designers, project managers, business analyst, QA engineer. We provide services for mobile app development, web development, Digital marketing, Artificial intelligence, Blo ... learn more about SDLC corpVisit website< $25/hr10 - 492105India
Web3, Metaverse & Blockchain Development Company
Maticz is a proven Software Development Company that works on various Web3 solutions, Blockchain solutions and Metaverse solutions, headquartered in India working with entrepreneurs and brands to bring out advanced business solutions in the digital space with cutting-edge technologies. With 100+ professionals ... learn more about Maticz TechnologiesVisit website$25 - $49/hr50 - 2492020India
Delivering the future. Now.
*instinctools is a software product development and consulting company focused on digital transformation. Headquartered in Germany with development hubs in Poland and Kazakhstan, *instinctools provides a cross-functional global delivery model which reduces development costs while increasing speed to market. Our Serv ... learn more about instinctoolsVisit website$50 - $99/hr250 - 9992000United States, Germany
Crafting software that works for you.
We’re an experienced team of around 100 software developers, business analysts, managers, designers, and QA engineers with hands-on experience in blockchain, fintech, supply chain, healthcare, and entertainment software development. Our main area of expertise is businesses-oriented, outstanding mobile, web, and c ... learn more about OpenGeeksLabVisit website$25 - $49/hr50 - 2492015Ukraine
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 ideal for ensuring 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 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 access to the documentation of 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 history and analyzing and maintaining the integrity of the data. Moreover, blockchain systems facilitate the analysis of the asset’s journey from inception to 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 mediators.
Which Are the Most Popular Blockchain Platforms?
Numerous blockchain platforms have risen to fame since the inception of a blockchain technology solution. However, we are going to discuss the most prevalent blockchain networks.
Ethereum was first developed in 2014 by Vitalik Buterin. It is a highly active blockchain platform 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.
Hyperledger was introduced in 2016 by Linux Foundation. Hyperledger has three main 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.
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 several levels. Key features of OpenChain:
- It is a private network.
- It is based on the Partitioned Consensus algorithm.
- Administered by Linux Foundation.
- It provides permission 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:
Choosing a permission or permissionless interface is influenced by the 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 instead of permissionless systems.
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 compared 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 and tested across numerous use cases.
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, organizations can factor into the project's total investment by being clear about the charges and tolls imposed.
How Much Time and Capital Is Required to Build a Blockchain Application?
The expert team of researchers at GoodFirms conducted blockchain development research based on the in-depth data provided by 50+ blockchain development companies.
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, the required features, and 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. 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 six months to complete.
The cost of developing a blockchain app can cost somewhere between the range of $10K to $300K. This may seem like an extensive 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 factors. In addition, the blockchain development agency's skill, expertise, location, and team size play a significant 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 mediators 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 no fraudulent conduct. This promotes direct dealing with the clientele creating a transparent, trustworthy relationship.
Cryptocurrency trading is at its 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 the time, thereby increasing the chances of financial gains in the stock market. Blockchain technology can also automate post-trade events by streamlining real-time settlements, supply chain optimization, etc.
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 & fraud. Cryptocurrency is also an asset during inflation since its value doesn’t change drastically. Blockchain wallets contain detailed information about each transaction allowing users to monitor their investments and purchases. It can also accommodate multiple currencies, making it a flexible choice.
Which Are the Revolutionary Applications of Blockchain Technology?
The top blockchain development companies are working on projects that will secure the results of poll-taking situations such as government elections, board of director polls, customer surveys, etc. It will promote a transparent and easily accessible process. Blockchain apps can further prevent the system from hackers and ensure the integrity of the results.
2. Identity Management:
With the world going digital, most transactions and payments take place on online forums. However, 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 them a highly efficient mode of record-keeping. A revolutionary project is the property title registration process. The real estate industry faces countless fraudulent transactions due to the lack of a proper database system. This has urged a list of blockchain companies towards blockchain land registry projects.
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.
Blockchain development companies are looking to enhance the way global logistics work. 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 and the ongoing process. However, it is time consuming and expensive since you have to invest in the infrastructure setup and the recruitment process. Contrarily, outsourcing allows you to nitpick every single developer for the project. You hire a blockchain development agency, and they deliver you the product. Moreover, you save a substantial cost on the workspace and invest 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 to hire the best blockchain development company:
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 public or private blockchain development services. Define the project's scale and the time and money you are willing to invest. This will help you identify the type of blockchain consulting services you need and the team size.
After analyzing the features, you wish to incorporate into 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 pricing models based on 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 from 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.
Protecting your business idea and the data is crucial 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 deliberate deception or miscommunication.
GoodFirms Research Process:
Business owners must invest in the best blockchain development company to develop an ideal blockchain technology solution. 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 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 list mentioned above 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 'View Leaders Matrix' section, register in GoodFirms to participate in the upcoming research process.