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:
List of Blockchain Companies | Top Blockchain DevelopersFilter
TrendLine provides software development services, promotion and legal advice to clients across different industries, including informational technologies, Fintech and alternative finance, distributed ledger (blockchain) technologies, cryptocurrencies and virtual assets. Our list of services includes: Decentralized application development STO and ICO development Development of cryptocurrency exchanges Promotion of blockchain projects Tokenization Custom blockchain development Smart Contracts Development Web and Mobi... read more about TrendLine Global
SODIO is a mobile app development company based in Bengaluru, India. We have capabilities in blockchain development, cryptocurrency exchange development and dApps development. Our whole process of creating blockchain products, from use-case analysis to creating proof-of-concept for blockchain implementation has been recognized by government and enterprise level decision makers. We create evolving mobile technologies. We have the expertise to take the development strategy through the mobile product design, development, testing and la... read more about Sodio Technologies Pvt Ltd
Five Systems Development was founded 25 June 2015. Company’s main office is in Vinnytsia, Ukraine Five has development offices in Kyiv and Kharkiv, Ukraine Five has representative office in Tel-Aviv, Israel Company has 50+ employees where only 10% are administrative stuff Five has its own product line and does software development services for external clients We have only happy customers. We successfully completed every project that was developed by Five engineers! We don’t charge for management, allof our inv... read more about Five Systems Development
Serokell is a software company focused on building modern solutions for your most complex problems. The team is composed of all kinds of experts – developers, QA engineers, UX/UI designers, computer scientists and mathematicians. The goal of the company is to guide you from an idea to a complete product. Serokell works in fields like: Fintech Blockchain Machine Learning Internet of Things Serokell engineers are highly experienced and frequently receive awar... read more about Serokell
Blockchain Australia Solutions is the World's leading blockchain development company. We're revolutionising future with our state of the art blockchain-based products. From Blockchain applications to ICO development and Blockchain consulting services, Blockchain Australia offers expert advice as industry frontrunners. We work closely with our clients, helping them to make the most of connecting new and existing applications to HTTP REST APIs so that you can make the most of Blockchain tools without needing to get into the comp... read more about Blockchain Australia
Crypto-Infotech is a leading cryptocurrency exchange development company that offers services like blockchain development, Cryptocurrency wallet development, STO development, ICO development, P2P exchange development, smart contract development, ethereum development, and stable coin / cryptocurrency development and marketing to tap you help into the crypto landscape. We possess a network of experts who leverage their technical expertise to comprehend the objectives and create a reliable pla... read more about Crypto Infotech
Chaincode Consulting is an enterprise blockchain consulting & development firm. We strive to simplify complex business processes with blockchain, cryptography and smart contracts. We are a team of blockchain researchers and developers focussed on re-engineering business process with the disruptive blockchain technology. Our aim is the increase the efficiency and productivity of the organizations by transforming their existing system to a decentralized transparent, trustworthy and automated system. We have expertise in Hyperle... read more about Chaincode Consulting LLP
Existek is full-cycle software development and outsourcing company with proven track record of IT services for small, medium, and enterprise businesses. We provide the fully manageable offshore dedicated development center service for software companies worldwide and custom software development service for wide range of industries including Business Intelligence, Healthcare, and Education.
Maxilect is a software consultancy firm (not an agency). Founded in 2015, Maxilect employs a modern approach to building a lean and highly professional team reaching out across Russia. Our mission is to connect talented IT professionals throughout Russia, bringing their sought after skills to the table for complex projects with our global high-tech clientele. To date, successful delivery of more than 30 international projects has earned the trust of several major companies in ongoing partnership. We achieve these results due t... read more about Maxilect
We are a Global Blockchain, AI and Software development company based in Vietnam and Japan. With the State Of Art Technologies like AI chatbot, Cloud services, Mobile App Development and Blockchain, we constantly engage and consult our customers to transform businesses through our domain experience and technological capabilities. Ekoios is a Technology company that has been the pioneer of bringing Blockchain to mass adoption. Our technical experts, with know how to employ the tools and languages has developed&n... read more about Ekoios Technology
E-Done is an IT outsourcing company that helps to bring your ideas to life. We offer web development service, including front-end/back-end development, and ICO development. We develop any kind of apps for a wide range of platforms, consulting and Blockchain development integration. E-Done creates visually attractive product taking into account your business requirements. We complete the work within the deadline set, fitting into our clients’ budgets. Using modern technologies and up-to-date tools, E-Done provides our customers with the hi... read more about Edone
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 information and technology sector. We are a complete web and software solution company providing multi-dimensional IT services catering blockchain technology solutions including Ethereum, ICO Development, Smart Contracts, Decent... read more about RWaltz Group Inc.
Mobiloitte is a Premier, Full Service Software Development Company for Blockchain, IoT, Artificial Intelligence, BOTS, Mobile and Web Development with special focus on Timeliness, Security, Scale, and Performance. EXPERIENCE: EXCELLENCE: EXUBERANCE is our work mantra for Go-to-Market Strategy of our customers With a skilled workforce of 500+ team members, Mobiloitte is equally at ease of working with: Start-Ups, Small & Medium Enterprises, Large Enterprises, Development Sector, Public-Private Partnerships & Governments. More than ... read more about Mobiloitte Inc
Zab Technologies excels in providing word-class software solutions by adopting Blockchain Technology. They have a rich expertise set of the team that remain a pioneer in adapting themselves with futuristic and advanced technologies. Their end-to-end services have so far assisted a plethora of global clients to double their profits. Zab’s cost-effective and reliable outcomes are completely intuitive, innovative which fulfills the needs of the clientele. They offer robust results which are applicable across the various set of indus... read more about Zab Technologies
United Arab Emirates
LeewayHertz provides end to end solution to build enterprise-grade custom software applications. LeewayHertz has 10 years of experience building over 100 enterprise-grade digital platforms that are being used by millions of users across the world. An experienced blockchain development company with a deep understanding of AI, IoT, and cloud services. We work with tech geeks and passionate technologists who are trained by the experts at Apple and Google and always remains at the cutting edge of technology. Experienced in developi... read more about LeewayHertz
"A Simple Solution For advanced Feature" We craft best Web & App by your imagination that will make your brand and product stand out. Lodestone App have advanced technical expertise and the ability to help companies world-wide build better software with modern technologies. Our main focus is building customized software applications on any scale, from small consultations. We provide software development, mentoring, project management and architectural know-how. We use a variety of tools and technologies such as Block-chain B... read more about Lodestone App
4ire Labs will be your long-term strategic partner helping with a full range of services required for launching the innovative FinTech or Blockchain products with the offices in Kyiv, Stockholm and Tallin, member of Parity Substrate Delivery Partner Program. Our projects: from the open-source solutions for the Web3 Community to blockchain-based projects funded by government entities, corporate banks in the EU. 4ire Labs was also the technical partner on the innovative blockchain products in Green Finance funded... read more about 4ire Labs
Chainsulting is a consulting and development company, on the subject of Distributed Ledger Technology (DLT) & Digital Assets. We show ways, opportunities, risks and offer comprehensive solutions.
Blaize is a software development & service company with a key competency in blockchain technology. We are tight-knit team of experts with more than 3 years of practical experience in blockchain development field. Our main focus is turned towards blockchain based software development, DevOps, consulting&supporting services. Our aim is to provide the highest quality for a reasonable price whie keeping up with client's goals and time frame. Our core values are honesty, professionalism and creativity... read more about Blaize
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 mobile application developers by Appfutura and is covered by Entrepreneur Magazine. Quest Global Technologies has the vision to make its clients successful by leveraging technology to increase sales, automation and reduce wastage. www.cryptodevelopment.org is the Blockchain Arm of Quest Global Technologies that works exclusively on Block... read more about Quest Global Technologies
Ulam Labs is a software development company made of Python and blockchain experts. We focus on custom software development, DevOps, consulting and outsourcing to ensure the best service and support for our clients. We deliver software to startups and SMBs from various industries: FinTech, Telecommunication, E-commerce, Banking, Supply chain, Production and Manufacturing, and many more. We have experience in analyzing complicated business processes and turning them into simple software applications. Our team works in an agile manner and pr... read more about Ulam Labs
IdeaSoft — converting ideas into profitable businesses. IdeaSoft is a custom software development company established in 2016, with a development center in Kharkiv, Ukraine, and representatives in more than 12 countries — USA, Canada, Israel, Germany and other. IdeaSoft empowers technology innovation by delivering outstanding products, modernizing systems, and implementing emerging technologies to ensure better business outcomes. We provide a full range of software development services. Combining ideas and... read more about IdeaSoft.io
Primafelicitas is a full services Blockchain Product Development company based in San Francisco and London. With an extensive experience spanning years, PrimaFelicitas offers end to end solution in multiple Blockchain applications across different industries. Primafelicitas assists start-ups and enterprises in different levels of Blockchain application development and has already worked across diverse Blockchain systems. Together with an experienced team of experts, PrimaFelicitas also offers Custom Software development, Specialist Web & M... read more about Primafelicitas
We've been honing our skills in custom web applications and mobile apps since 2008 starting in London. We strongly believe that nothing can't stop us. Here, at PLDEVS.COM we see honesty and transparency at the forefront of working together, creating the relevant web experiences that connect you to your audiences and help to build flourishing relationships. We have a strong team of experts with skills that complement as well as challenge, and our interdisciplinary approach ensures that whatever we deliver we've considered all in... read more about PLDEVS.COM
NodeFactory provides consulting and complete solutions based on a blockchain technology. We can help you create a new solution that will enhance your company, develop a decentralized application (DApp) or help through the process of a token sale (ICO). More importantly, we are not here to take your budget for the code but we are a partner that will help you achieve your objectives.
CML Team LTD is a global technology consultancy that builds holistic end-to-end solutions and platforms for startups and enterprises. We have extensive experience working with startups who grow fast and succeed. We know their needs precisely, as well as their problems. Our mission is to bring this vital expertise to ambitious startups allowing them to succeed in product development. Therefore, the partnership with our clients is our engagement philosophy. To keep ourselves in great shape and to think out of the shell, ... read more about CML Team Ltd
Monkhub is a Digital Innovation company focused on Emerging Technologies. We are passionate about developing and delivering great services. We use Design Thinking, Creativity, Innovation and Analytical Approach to solve complex problems and create a timeless experience that helps our partners positively impact their business, customers, and community. We look to disrupt traditional business models and help companies with design, product, and growth integration and create a great customer experience.
First Bridge is a European-based R&D tech company. We are a goal-oriented and motivation-driven team providing you with IT services of any level of difficulty, whether your business is small, medium, or large scale. You can take advantage of a full range of end-to-end services in development and maintenance of web, mobile or desktop applications. If you are looking for implementation of eCommerce, SaaS, ERP, CRM, you can freely ping us with your request. You can always contact us if you are not sure about your new venture or need an audi... read more about First Bridge
CMS website services is an innovative & promising designing and development service provider with a strong presence in Raleigh, North Carolina along with multiple branches in UK and Asia. The company offers a wide range of front-end and back-end IT services including designing, digital marketing and mobile app development among others. For organizational management and development, the company offers Technology Awareness Programs, Automation software development and Blockchain technology as this enhance efficiency, increase producti... read more about CMSwebsiteservices
Bacancy work with people and organizations who have ambitious missions - whether they are in the commercial, social or government sectors. We set up smart teams who love challenges and think disruptively to help our clients succeed. We are focused on helping our industry improve, and believe in sharing what we learn. We do this by writing books, blogging, running events, talking at conferences, and championing open source. We are strong believers in the power of software and technology as tools for social change. Through our Social Impact Progr... read more about Bacancy Technology
Incorporated in 2017, Terse Software is young and dynamic team of IT Service professionals dedicatedly serving the customer needs in Application Development Integration, Technology Integration. Specialists in diverse technology areas including technology consulting, enterprise business solutions, business Intelligence services, application development and maintenance services, database management and infrastructure management services and niche technology areas and upgrading to the BitCoin with good knowledge of ICO, pre-ICO, Smart Contracts... read more about Terse Software Pvt. Ltd.
We Build Fluid Apps: Affordable & Rapid Web & Mobile App Design & Development Agency (5 Million App User Engagement). Engaging & Disrupting IT Industry by provisioning “most affordable” IT Service Solutions energizing Individuals, Startups, SMEs and Enterprises to transform all into Million Dollar Companies to reach the mission of Fortune 500 Companies with Our Specialized Consultation and Dedicated Guidance. Benefits: ★ 300+ Hard Core Filtered Tech Expertise. ★ 50% off on Every Mobile App Designed ... read more about Fluper Ltd.
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 with 50+ highly skilled IT experts catering result-oriented and cost-competitive solutions to SMEs across the world now rebranded to BrancoSoft. Being a premium partner for our clients, BrancoSoft holds the trust of over 370+ cl... read more about BrancoSoft Private Limited
Techugo Inc is a leading Mobile and Web Application Development Firm based in Toronto with offices in the US, India, and Dubai. Our brood of 150+ experienced and enthusiastic professionals have delivered 475+ successful applications and websites for our clients ranging from Global 2000, Fortune 500 and emerging startups hailing from 43+ nations all across the world. Together we have conceptualized enterprise apps that are hailed amongst the best enterprise apps serving over 50 mn people. From the conceptualization of the project to techni... read more about Techugo
Ajath acts as a catalyst to provide that extra edge to our clients in the competitive market. Ajath Infotech Pvt Ltd is one of the leading Mobile app Development Company in Gurgaon, Delhi, Delhi NCR, Noida, India. We function as a full business partner, offering tech and digital marketing solutions that build brand reputation and offer real solutions to business challenges.We expedite our client’s most important goals and make lasting improvements to their performance. STRATEGY and DIGITAL Technology and Digital Stra... read more about Ajath Infotech Pvt Ltd
United Arab Emirates
A fast-growing I.T. firm, proficient in android app development, Designing, iOS app development, digital marketing, AI, VR and IOT, committed towards delivering a user centric solutions for your enterprise! Also we are one of the Top 10 Mobile Application Development Company. Who we are and what we do? • Mobile and web application development and design company driven towards the development of creative and engaging apps for your enterprise! • Proficient with android, iOS, gaming, Web development and similar ... read more about AppSquadz Technologies Private Limited
The NineHertz is a mobile application development, web development & web design company established in 2008. Since its beginning The NineHertz has been delivering the best suited solutions at a competitive cost across the world. We have a team of 50+ full-time professionals, including project managers, developers (mobile app, web design, development) & QA experts. The NineHertz has produced superlative results for the clients in past 8+ years and also earned ISO 9001:2008 certification. The NineHertz aims to deliver the best suite... read more about The NineHertz
For 10 years, we develop software that meets our clients’ business needs. 105 projects were accomplished during this time. We provide: Cloud, Custom, Mobile, Web Development Design Testing and QA IT consulting and Audit Support and Maintenance Our R&D department was the 1st in Eastern Europe to build a customer portal. By using it, any client can reduce the total cost of the project by up to 50%. This portal works great with our approach to the development process: Reducing your costs We are focused on m... read more about Diceus
We are an award-winning IT & Software Outsourcing Company based in India offering end-to-end solutions to Enterprises, ISVs, Digital Agencies, and Startups. Since our establishment in the year 2004, we have serviced 4800+ customers from 38+ countries. We are highly acknowledged among our clients for our agile/DevOps development process, SLA driven approach, and on-time project delivery. We have one of the best client-retention rates (97%+) across the industry. As on date, we are 600+ people company with over 70% CAGR over the past 3 y... read more about PixelCrayons
Since 2009, we've partnered with startups and enterprises around the world to launch 350+ next-generation apps. Our mission is to guide each company and entrepreneur that approaches us towards the right game plan for their venture's long-term success. Experts in digital product design, development and strategy, we offer set-rate pricing with dedicated project management to form a partnership businesses can rely on. Over the last decade, Chop Dawg's passionate, remote-first US team has partnered wi... read more about Chop Dawg
At Mobcoder, we always strive towards excellence in invention and development. Be it web, mobile, or anything digital, our product engineering and innovative development practices empower us to deliver in advanced technologies including web, mobile apps, e-commerce, IoT, AR, cross-platform apps, and more. Every asset of our workforce including designers, testers, developers, project managers, and business strategists are empowered to translate the latest trends and technologies into value for our clients and helping businesses to reach their... read more about Mobcoder
MindInventory has been dealing with Enterprises, Startups and Agencies since 2011 providing the services in terms of Enterprise Web Development, Startup Consulting, Mobility Solutions and UI/UX Consulting. As a top mobile application development company, MindInventory carries a combined experience of 100+ years with the team size of 160+ Employees that are working from our Head Quarters based out of Ahmedabad, India. We provide web and mobile app development services to business enterprises with the right tactical approach to reach targ... read more about MindInventory
AppsChopper, a Webby Central LLC Company, is a creative app design & development agency with offices in New York, Walpole and Boston. We are a team of creative mobile app professional who create elegant designs, engaging experience, secure code, and test it for usability; with goal to help your business grow. Who We Are? AppsChopper is a top-notch mobile app development company serving clients across the globe. The company is blessed with professionals who are well-versed with technology and innovation, and serving businesses with out... read more about AppsChopper
Zignuts Technolab is a creative team that brings Ideas into reality. We create Mobile and Web experiences that inspire in cost-effective range for Startups and Small to medium enterprices (SMEs). Mobile apps and Web solution are the enabling centerpieces of digital convergence for every business, every industry. We are here to create future-ready solutions to deliver the right business outcomes faster than our competitors-just the way you want it. We value simplicity. We are young creative team based in Berlin (Germany) & Gujarat (India)... read more about Zignuts Technolab Pvt. Ltd.
Codiant, a YASH technologies company, is engaged in strategy, technology, and next-generation services in the field of Enterprise Mobility, Web Application Development, UI/UX Development, and Application Maintenance Services across various platforms. Our customer-focused solutions help enterprises overcome technical hurdles and business challenges through our digital service excellence and software development capabilities in enterprise mobile and web applications, customer experience development, SaaS products, analytics, and IoT solutions.... read more about Codiant Software Technologies Pvt. Ltd.
We at Code Brew Labs believe in creating a fan base of clients, vendors and employees by providing exceptional products, smooth dealing and after sales support. We are a team of 250+ having the best of engineering minds and creative people who strive to improve by the day and take on new challenges.
We help startups and SME grow business with amazing apps. What makes Exyte different: 50+ successfully completed projects 10000+ stars on Github (ranked among the top global companies by Gitstar) Contact us for a free consultation and let's start our cooperation right now!
The era of classic apps is over. The world is dynamic, so those who adapt technologies to their business win. This is why TOP companies incorporate AI in their new and existing products. MobiDev combines what mobile and web apps have to offer with modern AI solutions to achieve your business goals.
WebClues InfoTech is a one-stop IT solutions provider that specializes in creating wonderful websites and applications for various industries. Our team of brilliant individuals combines years of experience with an eye for beautiful designs to create robust, user-friendly websites and mobile applications that help businesses attract customers. We've served many clients across the globe including enterprises. Some of our key enterprise companies we've worked - LaundroKart, Waterdrop, Tiledealer, Ecoaquaeurope, Nitsak, ... read more about WebClues Infotech
- 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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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 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:
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.
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.
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.