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:

Top Blockchain Development Companies

List of Top Blockchain Companies & Developers

  • IdeaSoft.io

    Custom Software Development Company

    IdeaSoft — converting ideas into profitable businesses. IdeaSoft – a Custom Software Development Company, has been a leading blockchain service provider since 2016. Our 250+ full-stack developers will help your business or startup create and succeed with the newest and most stable technologies in niches, ... learn more about IdeaSoft.io

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    $25 - $49/hr
    50 - 249
    2016
    Ukraine
  • iQlance Solutions

    Software & Mobile App Development Company

    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 ... learn more about iQlance Solutions

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    $25 - $49/hr
    10 - 49
    2010
    Canada, India
  • Five Systems Development

    #1 Mobile Development Studio in Ukraine

    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 li ... learn more about Five Systems Development

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    $25 - $49/hr
    50 - 249
    2015
    Ukraine
  • Giraffe Software

    Web development and consulting services

    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.

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    $25 - $49/hr
    10 - 49
    2016
    Ukraine
  • TrendLine Global

    Custom Software Development Company

    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: De ... learn more about TrendLine Global

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    $25 - $49/hr
    50 - 249
    2010
    Ukraine, United Kingdom
  • Sodio Technologies Pvt Ltd

    Building Cutting-Edge and Scalable Tech Products

    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 ha ... learn more about Sodio Technologies Pvt Ltd

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    < $25/hr
    10 - 49
    2016
    India
  • Monkhub Innovations Pvt. Ltd.

    The Hub for Emerging Technologies

    Monkhub is a technology service provider majorly focused on Emerging Technologies. We undertake projects in blockchain, mobile and web application development and data sciences. We execute our projects following a structured approach of ideation, design, development and deployment. Our client base expands across s ... learn more about Monkhub Innovations Pvt. Ltd.

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    < $25/hr
    10 - 49
    2017
    India
  • CML Team Ltd

    Holistic End-To-End Solutions For Startups

    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 vita ... learn more about CML Team Ltd

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    $50 - $99/hr
    10 - 49
    2018
    United Kingdom, Ukraine
  • Serokell

    YOUR EXPECTATIONS, LIFTED.

    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. ... learn more about Serokell

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    $50 - $99/hr
    50 - 249
    2015
    Estonia
  • Blockchain Solutions Australia Pty Ltd

    Enterprise Blockchain and Apps Development Company

     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 ... learn more about Blockchain Solutions Australia Pty Ltd

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    $300+/hr
    50 - 249
    2012
    Australia
  • Crypto Infotech

    Cryptocurrency Exchange Development Company

    Metaverse Developers is a leading blockchain development company that offers services like cryptocurrency exchange development, Cryptocurrency wallet development, STO development, ICO development, P2P exchange development, smart contract development, ethereum developmen ... learn more about Crypto Infotech

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    < $25/hr
    10 - 49
    2014
    India
  • Chaincode Consulting LLP

    Enterprise Blockchain Development | NFT | GDPR

    Hyperledger Fabric |Smart Contract | DeFi | NFT |GDPR As the #1 blockchain development company, ChainCode focuses on discovering viable blockchain solutions for different businesses and startups. Our award-winning and quality enterprise blockchain solutions and products offer full-spectrum services to enterprises an ... learn more about Chaincode Consulting LLP

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    $25 - $49/hr
    2 - 9
    2019
    India, United States
  • CLARISCO

    Let the Innovation flows

    Clarisco has provided financial software and hardware systems that keep global leaders and entrepreneurs ahead of the curve. Exchanges, brokerages, hedge funds, professional traders, financial institutions, and other organizations around the world rely on our technology, which reaches millions of users in 94 countries. ... learn more about CLARISCO

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    $25 - $49/hr
    10 - 49
    2014
    India, United States
  • Maxilect

    Martech, Ad Tech, Fintech, Blockchain

    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 comple ... learn more about Maxilect

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    $50 - $99/hr
    50 - 249
    2015
    Russia
  • Mobiloitte Inc

    A Blockchain and Metaverse Company

    Mobiloitte Inc. is a USA-based Blockchain and Metaverse Company that delivers outstanding solutions to their clients on time.  [Metaverse | Blockchain | Games | AI | IoT | Mobile App | Web App and Cloud] EXPERIENCE: EXCELLENCE: EXUBERANCE is our work mantra for Go-to-Market Strategy of our customers. ... learn more about Mobiloitte Inc

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    < $25/hr
    250 - 999
    2004
    United States, India
  • Zab Technologies

    Blockchain Development Company

    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 t ... learn more about Zab Technologies

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    $25 - $49/hr
    50 - 249
    2016
    India, United Arab Emirates
  • LeewayHertz

    Software Development Company

    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 under ... learn more about LeewayHertz

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    $100 - $149/hr
    250 - 999
    2007
    United States, Canada
  • First Bridge

    R&D Tech Company

    First Bridge is a European-based R&D tech company. We are a research-driven team providing IT and business intelligence services to bring innovative products that the market is waiting for. You can take advantage of a full range of end-to-end services in the development and maintenance of blockchain, AI, IoT, ha ... learn more about First Bridge

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    $50 - $99/hr
    50 - 249
    2017
    Ukraine
  • 4ire Labs

    Create winning experience in Blockchain, DeFi

    Since 2010, 4ireLabs team has been developing and implementing cutting-edge blockchain solutions. We help our clients enter the future, which, we believe, is built on a blockchain. Focusing on FinTech, we’ve created an array of our own branded white-label products serving the crowdfunding, private blockchains and ... learn more about 4ire Labs

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    $25 - $49/hr
    250 - 999
    2010
    Ukraine, Estonia
  • Genesis Lab

    We Code Your Dreams

    Genesis Lab is one of the top global IT companies with over 30 projects developed on multiple blockchains with over 25 million active users. GenesiLab.com ex RNS Solutions’ research labs for AI, Blockchain, Cyber Security & web3 have partnered with major global firms of IT industry and provided IT solutions t ... learn more about Genesis Lab

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    $50 - $99/hr
    50 - 249
    2017
    Pakistan, Singapore
  • ZirconTech

    Professional services in blockchain technologies

    We build solutions on private and public blockchains. Over the last few years, we have created dozens of blockchain applications. Our expert team of blockchain developers takes care of the entire development stack, from deploying nodes and writing smart contracts to front-end development and graphic design.

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    $50 - $99/hr
    10 - 49
    2016
    Uruguay, United States
  • Chainsulting

    Germany's leading DLT experts

    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.   

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    $100 - $149/hr
    10 - 49
    2017
    Germany
  • Blaize

    Blockchain Development Company

    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, consu ... learn more about Blaize

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    $25 - $49/hr
    10 - 49
    2016
    Ukraine
  • Intellias

    Global Technology Partner

    Intellias is a trusted technology partner to top-tier organizations and digital natives helping them accelerate their pace of sustainable digitalization. For over 20 years Intellias has been building mission-critical projects and delivering measurable outcomes that meet our clients’ business needs. We are contrib ... learn more about Intellias

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    $25 - $49/hr
    1,000 - 9,999
    2002
    Ukraine, United States
  • Ulam Labs

    Fintech & Crypto Software Studio

    Ulam Labs specializes in end-to-end product development within the crypto and FinTech space.   Let’s move your idea forward! We can help you shape it through discovery workshops; design the complete product experience and take care of the development to make it ready to launch. Our offering: &nda ... learn more about Ulam Labs

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    NA
    50 - 249
    2012
    Poland
  • Primafelicitas

    A Blockchain Development Company

    With Alums from Stanford & LBS, with 25+ years of experience in Technology & FinTech and now 5+ years in Blockchain, PrimaFelicitas houses one of the most powerful founding teams. Started in 2013 with offices in San Francisco, London, and Delhi, PrimaFelicitas is known for following their passion for ... learn more about Primafelicitas

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    $50 - $99/hr
    50 - 249
    2013
    United States, United Kingdom
  • PLDEVS.COM

    Discover. Plan. Design. Develop. Deliver. Grow.

    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 aud ... learn more about PLDEVS.COM

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    $25 - $49/hr
    10 - 49
    2008
    Poland, United Kingdom
  • NodeFactory

    Blockchain Development Agency

    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 ... learn more about NodeFactory

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    $50 - $99/hr
    2 - 9
    2018
    Croatia
  • Adoriasoft

    ENGINEERS WITH A PRIMARY FOCUS ON DLT & BLOCKCHAIN

    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 ... learn more about Adoriasoft

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    $25 - $49/hr
    10 - 49
    2008
    Ukraine, United States
  • Zfort Group

    Custom Software Development & Dedicated Teams

    Zfort Group is a Full Service IT provider. We offer comprehensive web & mobile solutions: from consulting and website planning to application launch and support, serving businesses across the globe since 2000. Some of the most recent tech we are focusing a lot recently include: Artificial Intelligenc ... learn more about Zfort Group

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    $25 - $49/hr
    250 - 999
    2000
    Ukraine, Canada
  • Zrix

    Custom & Automation Web Solution Experts

    Zrix is an innovative & promising design 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 othe ... learn more about Zrix

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    $50 - $99/hr
    50 - 249
    2005
    United States
  • Jafton

    Your Partner in Digital Transformation

    Jafton takes a people-centric approach to building and designing your next big idea. Whatever stage in the process you’re at we come alongside you to become your partner. We know that building an app that people love, can be a risky, creative endeavor. That’s why we don’t make assumptions, we ... learn more about Jafton

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    $50 - $99/hr
    50 - 249
    2013
    United States
  • Bacancy Technology

    Full Stack Agile & Lean Development Partner

    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. W ... learn more about Bacancy Technology

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    $25 - $49/hr
    250 - 999
    2011
    India, Canada
  • Fluper Ltd.

    Top Mobile App Design and Development Company USA

    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 Mil ... learn more about Fluper Ltd.

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    < $25/hr
    50 - 249
    2013
    United Arab Emirates, United States
  • AppsChopper

    Ideas Delivered

    Who we are? AppsChopper, a Webby Central LLC enterprise, is a leading mobile app design and app development company in New York, Walpole, and Boston. Established in 2011, we specialize in creating scalable native and hybrid apps that run across platforms, like iOS & Android platforms to fulfill unique client req ... learn more about AppsChopper

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    $50 - $99/hr
    50 - 249
    2011
    United States
  • Capital Numbers

    Your End-to-End Digital Transformation Partner

    Capital Numbers is an award-winning Digital Consulting & Engineering company offering end-to-end development solutions to Enterprises, Silicon Valley Founders, Agencies, and Startups worldwide. We are ISO 9001 and 27001 certified with 700+ experts working full-time across multiple delivery centers and offices in ... learn more about Capital Numbers

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    $25 - $49/hr
    250 - 999
    2012
    India, United States
  • PurpleFire

    ✅ eCommerce ✅Web Design ✅ Mobile Apps ✅ Blockchain

    PurpleFire is a development company with HQ in Denmark but with a team spread out across Europe and offices across the globe such as London, Vancouver & New York We stand for Integrity, Innovation & transparency in all work we do for all our clients Our management team has combined experience of over 40 y ... learn more about PurpleFire

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    $50 - $99/hr
    10 - 49
    2021
    Denmark, United States
  • Techugo

    Think Innovation, Think Us!

    Transforming The World Digitally- One App At A Time!    Techugo welcomes all the tech-enthusiasts! We feel great that you’re here and reading!   Learning and getting better with time go hand-in-hand. If someone says otherwise, they are bluffing! When one decides to keep learning continu ... learn more about Techugo

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    < $25/hr
    50 - 249
    2015
    Canada, United States
  • Ajath Infotech Pvt Ltd

    Always Join Advance Technology Hub

    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 ... learn more about Ajath Infotech Pvt Ltd

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    < $25/hr
    50 - 249
    2012
    India, United Arab Emirates
  • The NineHertz

    Mobile App and Web development company

    The NineHertz is a mobile app and game development company established in 2008. Since its beginning, The NineHertz has been delivering the best-suited software solutions at a competitive cost across the world. We have a team of 300+ full-time professionals, including project managers, developers, designers  ... learn more about The NineHertz

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    $25 - $49/hr
    250 - 999
    2008
    India, United States
  • Codiant Software Technologies Pvt. Ltd.

    Mobile App & Web Development Company

    Codiant- A Yash Technologies Company, is a leading technology service provider that specializes in the field of Enterprise Mobility, Web Application Development, UI/UX Development, and Application Maintenance and support Services across various platforms. We’ve continually disrupted industries like Healthcare, ... learn more about Codiant Software Technologies Pvt. Ltd.

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    $25 - $49/hr
    250 - 999
    2010
    United States, United Kingdom
  • AppSquadz Technologies Private Limited

    Where Expectations meet Excellence!

    A fast-growing I.T. firm, proficient in android app development, Designing, iOS app development,  digital marketing, AI, VR, and IOT, committed to delivering user-centric solutions for your enterprise! Also, we are one of the Top 10 Mobile Application Development Company in India. Who we are and what do we d ... learn more about AppSquadz Technologies Private Limited

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    < $25/hr
    50 - 249
    2014
    India, United Arab Emirates
  • DICEUS

    Custom software development company & IT staffing

    Since 2011, DICEUS has cooperated with enterprises and technology businesses to deliver high-quality software solutions. For over a decade, we managed to accomplish more than 100 projects and help our customers achieve their goals. The services we provide are as follows:  Custom software development  ... learn more about DICEUS

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    $25 - $49/hr
    250 - 999
    2011
    Poland, United States
  • PixelCrayons

    Software & Mobile App Development Company

    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 5400+ customers from 38+ countries. We are highly acknowledged among our clients for our agile/De ... learn more about PixelCrayons

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    < $25/hr
    250 - 999
    2004
    India
  • Code Brew Labs

    Mobile app development Company

    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.

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    $25 - $49/hr
    250 - 999
    2013
    India, United States
  • Peerbits

    Delivering Excellence, Righteously

    Peerbits is a global IT solution company delivering web development, mobile application development and IT consulting services of any complexity to clients worldwide. Peerbits has a strong team of 50+ highly skilled IT experts. Peerbits carries trust of more than 200+ clients spread across diverse business ve ... learn more about Peerbits

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    < $25/hr
    50 - 249
    2011
    India
  • Nettechnocrats IT Services Pvt. ltd

    Work with World Best Digital Marketers

    Nettechnocrats is one of the fastest-growing digital marketing agencies listed in Top Leading Marketing and Advertising Agencies in India 2019 by Reputed Review and Rating portals. Nettechnocrats offers best-in-class Search Engine Optimization(SEO), Social Media Optimization (SMO), Search Engine Marketin ... learn more about Nettechnocrats IT Services Pvt. ltd

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    < $25/hr
    50 - 249
    2012
    India, Australia
  • Chop Dawg

    Think Partner, Not Agency | Let's Make It App'n!®

    Since 2009, we've partnered with startups and enterprises around the world to launch 400+ 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 desig ... learn more about Chop Dawg

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    $150 - $199/hr
    10 - 49
    2009
    United States
  • Alphonic Network Solutions Pvt. Ltd.

    Mobile Apps and Web Development Company

    Alphonic Network Solutions is a full-stack Mobile Apps and Web development agency established in 2013. We are in business for the past six years. Operating from Jaipur, India, with a team of 40+ smart and enthusiastic masterminds working together, we have successfully delivered 200+ projects globally. Our products and ... learn more about Alphonic Network Solutions Pvt. Ltd.

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    $25 - $49/hr
    50 - 249
    2013
    United States
  • Mobcoder

    Design, Digital Transformation & IT Consulting

    Mobcoder is a digital enabler and an IT consultancy organization passionate about technology and driven by the commitment and hard work. We have grown into a leading Mobile App Development service provider with a vast clientele from around the world. We aim to find the optimal balance between speed & quality and co ... learn more about Mobcoder

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    $50 - $99/hr
    50 - 249
    2014
    United States, India
  • MindInventory

    Connecting dots from DESIGN to DEVELOPMENT

    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 ... learn more about MindInventory

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    $25 - $49/hr
    50 - 249
    2011
    India, United States
  • Zignuts Technolab Pvt. Ltd.

    Helping Startups to turn their ideas into reality

    Zignuts Technolab is a top-rated Web and On-demand Mobile App development company in the USA, Germany, and India. We strive to excel in the invention and development of the industry’s most advanced technologies including mobile apps, web, eCommerce, blockchain, IoT, wearables, cloud integration, cross-platform, o ... learn more about Zignuts Technolab Pvt. Ltd.

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    < $25/hr
    50 - 249
    2017
    India, Germany
  • OweBest Technologies

    A Global CMMI Level 3 Appraised Company

    OweBest is a pre-eminent IT company with development centers across India. We have been delivering integrated solutions to our clients across the world for over several years and talk with excessive pride and self-satisfaction about our achievements and exhaustive experience in website designing, development, internet ... learn more about OweBest Technologies

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    < $25/hr
    50 - 249
    2016
    India, United States
  • MobiDev

    Web and Mobile development, AI apps

    To create a game-changing product, there’s a need to mix traditional software development and innovation. MobiDev is an award-winning software engineering company that delivers both classic and AI-powered Web and Mobile apps from scratch or integrates AI/ML components into existing systems. We offer you the ... learn more about MobiDev

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    $50 - $99/hr
    250 - 999
    2009
    United States

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.

1. Ethereum Blockchain

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.

2. Hyperledger

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.

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 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.

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 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. 

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, 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.

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, 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.

Cost: 

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.

2. Exchange

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.

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 & 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?

1. Elections:

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.

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 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:

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 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.

2. Budget:

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.

4. NDA:

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.

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