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
Clavax is a leading edge software, web and mobile app development company headquartered in San Jose, California. Our top-notch services are backed by a strong team of 200+ highly skilled professionals to deliver innovative, secure and scalable IT solutions to our clients. We act as technology partners by understanding your business challenges and applying the latest engineering technologies to deliver innovative IT solutions. Our Client First approach allows us to believe and empower them in finding great concepts behind everyday ... read more about Clavax Technologies LLC
Established in 2000, CDN Solutions Group is a leading 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, Rich design, Protrude marketing ideas, Product lifecycle management, that’s the product and solution metaverse we are creating. Latest Services Provide by CDN - Web Design and Development Mobile App Development Sca... read more about CDN Solutions Group
Dot Com Infoway is a globally recognized mobile app development and marketing company offering a bouquet of cutting-edge services. With over 20+ years of industry experience in the IT, we know exactly what it takes to create an engaging mobile application that connects with the hearts and mind of your audience. We have expertise in developing apps across platforms, including Android, iOS, and Windows. We also design high-performing enterprise apps to streamline operations and optimise the supply chain for businesses. We pride ourselves in de... read more about Dot Com Infoway
Nex is a Technological Partner for Global Enterprises and Startups with a mission to empower businesses to excellence through seamless IT solutions. Since 2002, we have provide innovative software and data-driven solutions to many companies by our presence in many different countries including USA, Australia, Asia, Africa and Europe. Our extensive services and expertise in developing software solutions for multiple verticals make us the most preferred technology services firm. We provides services in different Technologies like Java, Scala, ... read more about Nexsoftsys
Fusion Informatics is a Leading AI, Mobility, IOT, Blockchain & Cloud solution provider, IT outsourcing company with a focus on implementing high-level technology solutions & services. We transform businesses through our extensive specialist knowledge and the status of the design Imaginative. We are 18 years old Software Development Company having global services in India (Bangalore, Ahmedabad), UAE, Europe, and the USA. An ISO 9001:2015 and ISO 27001:2013 Certified & Quality Mark Award Winning Company, founded in 2000... read more about Fusion Informatics Limited
Kilowott builds interactive experiences and implements goal-oriented disruption by combining strategic vision, product innovation and design, emerging technologies and superior digital marketing. Simply put we are a digital strategy,design and development agency. Kilowott has partnered with some amazing brands and F500 companies helping them grow and cement connections with their customers, and convert clicks to customers. We have operations in North America, Norway, Denmark, Holland and India, and have engaged with 2000+ projects globall... read more about Kilowott
Xicom is an established software development company delivering mobile apps and web application development services of any complexity to clients worldwide. Founded in the year 2002, Xicom is an ISO 9001:2008 certified offshore software development company with a strong team of 300+ highly skilled IT experts, catering result-oriented and cost-competitive solutions to SMEs across the world. As a premiere partner of NASSCOM and recognitions from leading business standardization organizations, Xicom carries trust of more than 1500+ clients spread ... read more about Xicom Technologies
Softengi is the software development company listed as one of the top 100 world's IT outsourcing service providers by IAOP. We use transformational tools, such as AI, AR & VR, Blockchain, IoT and gamification to provide businesses with the most innovative solutions. With our profound experience and expertise, we will orchestrate the digital transformation of your company using advanced technology wisely. Having succeeded in the digital transformation of our own company, we are able - like nobody else -&... read more about Softengi
Prismetric is an ISO 9001:2015 Certified Mobile App Development Company having a development center in India with offices in USA & Saudi Arabia that offer exceptional applications development for iPhone, iPad and Android devices along with other web services to provide end-to-end solutions. We have a strength of over 90+ highly skilled and competent mobile app developers and designers working with a sole mindset of customer satisfaction. Since its inception in 2008, the company has always followed a vision to provide customized technolog... read more about Prismetric
APPSTIRR (Labstirr LLC) is a universal expert in mobile application design & development. We create comprehensive applications and games for entrepreneurs, start-ups and enterprises across various platforms such as Android and iOS. We also provide high-end web solutions to assist businesses in achieving their true potential and spread their message across the digital world. Passionate, talented and highly trained designers and app developers are at your service 24/7 to deliver unprecedented mobile app solutions to you. We love to bring y... read more about APPSTIRR
Orion Infosolutions is certified web & mobile applications development company, it has Work in USA, Canada, Australia and headquarter situated in India. We have a team of more than 50 highly skilled & experienced. Orion Infosolutions is an IT consulting and solution providing organization for next generation business collaborates throughout the world.
NetSet is an ISO 9001:2015 and ISO 27001 certified company and professional services company focused on transforming Business into meaningful experiences for our clients. We specialize in the end-to-end delivery of custom applications built on providing quality, creative and strategic mobile Apps. By providing a turnkey one stop solution for development we assure clients a cohesive finished product with a support team that has built the same. Our value is derived from our ability to remain agile with an emphasis on personal client engagement. W... read more about NetSet Software Solutions
Sphinx Solution is a one-stop destination for all your mobile app development needs. We also offer services for Blockchain, Web application, and Alexa Skills development. We will start by turning your ideas into actionable concepts. And then carry out the development process to bring those concepts to life. We will be by your side during the marketing process and for on-going maintenance too. Since our incorporation in 2010, our team (based out of Pune, India) has delivered on-point solutions to all our clients. And toda... read more about Sphinx Solutions
Based out of Queensland Australia, our client base is both Australian and global. Kwix has been operational since 2015. Our strengths lie in: * Mobile app design and development * Web app development * Hard-ware prototyping * Contractual flexibility * Competitive rates Our Vision – to execute superior Quality work for our customers. Our Mission – to achieve the greatest standard in our fields by utilising the best and highly trained teams.
Napollo Software Design established in Q1, 2011 is an ISO 9001:2015 Certified leading Technology Group from New York USA. Head quartered in Manhattan with international offices in Dubai, Oslo, Mecca, Lahore, Islamabad & Upcoming new office in Sydney. Our expertise is spread across the board ranging from; Software Development Custom Application Development Web Development Cloud Solutions Big Data, Block Chain) UI/UX Design (Application Prototype, User Journey) AI & iOT Solutions (Artificial Reality AR, Virtual Realit... read more about Napollo Software Design L.L.C
Endurance Softwares is an information technology company that believes in client satisfaction through quality service and support. Our team has a proven reputation for delivering high-quality software solutions across a broad spectrum of technologies. We provide system integration and consulting services, where the user requirements are analyzed and complete hardware, networking, and software solutions are designed and implemented. Our primary areas of expertise are in providing quality, cost-effective software development and outsourcing servi... read more about Endurance Softwares
Mantreza Technologies is a leading mobile app, web and mobile games development company. We are an ISO certified company, we have successfully bagged 700+ projects, building lifetime relationships with over 100+ happy clients, for providing IT solutions to every industry sector out there. With the employee strength of over 100 mobile & web developers, designers and marketing experts working from our head office in Noida, we hail from a background of specialising in Mobile Apps, Games, Web Portal, Ecommerce, Custom Business Ap... read more about Mantreza Technologies Private Limited
Zudu is a pioneering digital agency based in the heart of Dundee, Scotland with a flair for development and conceptualisation. As a technology enablement company, we work with global enterprise level clients to create cutting edge design, develop innovative technical solutions and results focused digital strategies. Our skills pan across Digital Consultancy & Project Management, User Experience Design, Technical Development of Apps and Websites and Digital Marketing & Performance. We are also the first Scottish-base... read more about Zudu
TechAhead is a global leader in Mobile Platforms that is trusted by Fortune 500 companies to Startups. Founded in 2009, we are a 150 people company having a decade long proven track record in engineering innovative, robust, and scalable apps at speed. From ideation to execution, our innovation-led strategy, design, architecture, development, and maintenance services helps you to focus on your business while we as your one-stop solution partner take care of all your technology needs. With our physical presence in the United States and Indi... read more about TechAhead
SovTech is a custom software development company providing a complete software design and development service. SovTech delivers the best in class custom software solutions, elite software development teams and innovative cloud software to enterprise business across numerous industries. We believe new technologies are the lifeline of every business in the modern age and aim to connect businesses across all industries to innovative software, technological development, solutions and services, in a manner that’s faster, easier and better t... read more about SovTech
We are BLACKTHORN VISION - TOP ENGINEERS, PROVEN PROCESSES, and since 2009 we've been building software products and scaling tech teams worldwide. Given that only top engineers are retained in a team, we can successfully deliver such complex services as AI and digital cell biology solutions, machine vision systems, etc. Key technologies: .NET (certified Microsoft Gold Partner), Go, React.js, Angular, TypeScript, Electron.js, Native iOS (Swift, Objective-C), Android (Kotlin), Xamarin, AWS and Google Cloud. With... read more about Blackthorn Vision
Dears, Our company during 15+ years on the IT market actively provide web & mobile software solutions. Till now, we’ve successfully completed almost 200 custom software solutions for companies from North America, Europe, Asia, and Australia. So, we are always open for new challenges! At all, we are really good at Cyber Security solutions, Web & Mobile development and DevOps services. As well, our core expertise includes highly qualified Developers in the following tech stack: - Node.js - AngularJS - ReactJS &a... read more about UkrInSofT
Deorwine offers a broad foundation in designing, developing and delivering web and mobile apps with responsive, latest technological solutions that strengthen how companies meet customer expectations in today’s mobile-first world. We create impactful development experiences directed by insight, strategy, design, and technology to accommodate clients to succeed at the speed of innovation. We specialize in working with our clients on Innovation & R&D on web, mobile & emerging platforms. Deorwine's skilled dev... read more about Deorwine Infotech
From startups to fortune 500 companies, DevBatch has shared success with businesses around the globe. Since our inception, we have grown from one man’s endeavor to one big team of software engineers, creative designers, business strategists and marketing experts. Our services portfolio entails mobility, big data, CRM Solutions (Salesforce), enterprise solutions (SharePoint), digital marketing, social media & workplace reimagination, cloud, AI and IoT. In all of our services, we bring you inspiring concepts, ideas, and plans that... read more about DevBatch
CitrusBits is a mobile app development agency that designs and develops impactful mobile apps and responsive mobile content for businesses of all types. Having developed critical mobile apps for clients including Burger King, Quiksilver, Symantec, and Sotheby’s, CitrusBits is trusted by movers and shakers across all major industries. Yet, we’ve also enjoyed helping small and midsize businesses and select startups turn their mobile aspirations into juicy ROI. We’re passionate about leveraging mobile technology &... read more about Citrusbits
NIX is a full-cycle custom software development company headquartered in Florida. With 2000+ full-time engineering workforce onboard we deliver holistic technology solutions from mobile app and web development to complex enterprise systems. Being over 26 years in the technology business we’ve accumulated comprehensive expertise and built proprietary software development processes. According to IAOP, NIX is one of the TOP-100 global software development outsourcing companies (2020-2021). NIX's turn-key delivery team consi... read more about NIX
SumatoSoft is a software development company specializing in the development of challenging and complex projects. Since 2012, we’ve delivered compelling solutions for such companies as Toyota, Evolv, Nectarin, Dragon Sourcing, Boxforward and others. We offer full-cycle software development, starting from raw ideas analysis and web design and resulting in end-to-end business systems fully adjusted to customer needs and ready to work. We're Agile evangelists and build our development process ... read more about SumatoSoft
Aspire is a leading Liferay, Mobility, Software Product Development and Services providing company with development center in Ahmedabad, India. We have been providing high-quality, high-value software development services to the ISVs and the enterprises since 2010 by leveraging best-in-class people, processes and technologies. Since our founding, Aspire has built a successful business by focusing on a simple yet compelling mission: clients' success is our success. We do so through careful, strategic investments in technology, p... read more about Aspire SoftServ Private Limited
Intellias is a digital solutions and technology services company that delivers solutions to Fortune 500 companies and leading technology innovators. Intellias helps companies like HERE Technologies, LG, PTV Group, KIA, Swissquote Bank, and many others increase their IT/R&D capacity and build future-oriented products and solutions. Intellias has been featured in the 2021 Global Outsourcing 100 list by IAOP, recognized by Inc.5000, acknowledged in the GSA UK Awards, and named the winner of a Silver Stevie Award in The 17th Annual Internationa... read more about Intellias
Focusteck is a full-service digital agency, busy designing, engineering and marketing products, brands, and experiences from idea to launch.
Neebal is a proud recipient of Deloitte's APAC Technology Fast 500 award recently. The full capacity office in India is also the winner of Technology India Fast 50 award consequently for four consecutive years. We are established IT System Integrators having problem-solving attitude & fair understanding of our Client Business. Being technocrats with hands-on API Integration, Process Automation, DevOps & Mobility experience, we believe in making possibili... read more about Neebal Technologies
InnovationM provides specialized design & development services in the technology space - focusing on an end to end solution development (product development & custom application development) on mobile, web, middleware, server back-end, cloud technologies, blockchain solutions & big data analytics. Headquartered in Noida (India) with the Account & Client Solutions team present in the US. Our specialized service areas are:- • New Concept Design (UX/UI Design) • Technology Architecture and Design Services ... read more about InnovationM
Enkode is the pioneering software development agency for startups; voted Top App and Web Development Company in AppFutura, Wadline, Good Firms and holds a 5-star rating on Clutch. Our core expertise lies in: startup consulting, R&D Centers, and web & mobile development. Our mission is helping startups through the challenges of development in an ever-changing market. Too many startups fail due to working with affordable, but unqualified teams; or simply over-developing without proper guidance. We reassure the gap between ent... read more about Enkode Technologies
Tech Pathway is a full-service Design, Development and Training firm established with aim to providing best services for technologies such as Web & Graphic Designing, iPhone application development, Android application development and Business Analysis. Our unique approach for development of Mobile applications, Website Development and Business consulting stands us way ahead from other corporate institutions. We have servered for different businesses segemnt so far like Ecommerece, Healthcare, Fishing, Transportation, Dairy farming and help... read more about Tech Pathway Consultancy LLP
DreamzTech is a US-based leading software development company with expertise in New Age Technologies such as IoT, Blockchain, Enterprise Mobility, Progressive Web App Platform, Cloud Apps & Security, Data Analytics, Augmented Reality & Custom Web design & development. DreamzTech is Registered IBM & Amazon partner and recognised by Deloitte as one the fastest growing company in APAC and India. DreamzTech offices are located in USA, UK, India & Singapore with client presence worldwide & the USA division has the office in A... read more about DreamzTech Solutions Inc.
WeboConnect Technologies Pvt Ltd is one of the premier software development companies with the focus on making custom software for our clients as per their needs and choices. We help them to expand their business and bring an outline to their vision. WebOConnect is specialized in providing IT Services to various industries such as Retail, Healthcare, and Insurance, etc. At WebOConnect, we aim at providing quality IT services to our clients always on time and at a very competitive price. We are here not for profits but to provide o... read more about Weboconnect Technlogies Pvt Ltd
We offer top-notch web and app development services for our clients ranging from startups to large enterprises. Giving priority to quality, we build your digital presence, ensuring high return for your investments. Our experienced web developers design and develop responsive websites and dynamic web applications and mobile applications using cutting-edge technologies like PHP, Laravel WordPress, Codeigniter, Mongo DB, Mysql, Ionic Hybrid applications, React Native for Android and iOS platforms.
Zestminds is an IT consulting and services provider, providing end-to-end consulting for global clients. Zestminds has partnered with several start-ups to SME in building their next generation information infrastructure for competitive advantage. The Zestminds portfolio of services includes legacy application maintenance, large application development, e-strategy consulting and solutions. The offshore Model of the company leverages talent and infrastructure to provide high quality, rapid time-to-market solutions. Zestminds offers service in ... read more about Zestminds
Space-O is one stop solution for all your mobile app development, software development, Internet of things (IOT), AR & VR app development needs. From concept to development to marketing to ongoing maintenance, Space-O delivers. We are now one of the top mobile app development companies in India by following the success mantra of “Design-led-Engineering”. We work with best-of-the-best fine art grads from top design institutes such as NID and best-of-the-best engineers. Space-O's ability to meet such not-so-ea... read more about Space-O Technologies
Walkwel Technology is an ISO 9001:2008 software development organization with profoundly talented IT specialists providing result-oriented and cost-effective solutions all over the world. It holds the trust of more than 1000+ customers worldwide over classified vertical business. This trust has been earned by being one of the most commendable IT outsourcing companies among driving business houses and institutionalizing associations. In order to succeed, we believe in nurturing a culture that elevates better technology and it starts with empower... read more about Walkwel Technology
Queppelin is an Augmented Reality & Virtual Reality applications development company. We derive our name from two of our favourite rock bands Queen + Led Zeppelin. It is known that creativity is combining two different domains and this is what we do by combining design, technology and marketing strategies.
Innowrap Technologies is an ISO, DAC and IAF certified global Information Technology and Consulting Services company. We have our service presence in India, US, UK and UAE and are recognized globally for our indomitable quality of services, strong commitment and core values. By working with us, what you’ll be getting?: Pre-development consultancy so that your strategy is proactive rather than reactive. Dedicated account manager who will take care of everything end to end. Solid foundation laid out with perfect documentatio... read more about Innowrap Technologies
Cygnet Infotech has laid the cornerstone for several pathbreaking technology innovations for its clients in 35 countries. As a technology partner of choice, Cygnet has been shaping ideas into scalable and sustainable solutions that are addressing real world problems. Cygnet strives to innovate and lead with integrity for its clients, people and the environment. Cygnet is principally pillared on six values - Speed, Integrity, Entrepreneurial Spirit, Teamwork, Mutual Respect and Trusteeship that forms the core of everything it does. Cygnet has... read more about Cygnet Infotech
A couple of passionate blockchain developers, a high-end technical team, and cups of coffee on a cloudy day is all it took to build a Blockchain Firm. We are a team of motivators, dreamers, achievers, and believers. Blockchain Firm was coined to be a part of the huge industry and help individuals advance their careers and flourish in their ventures. We find bliss in completing projects and walking along with our clients in their journey. We are an enterprise blockchain solutions expert mining our way through the different industries. We prov... read more about Blockchain Firm
Ocyan is a Cloud platform that allows FinTech businesses to scale up in the blockchain space, by providing all the required infrastructure in the click of the button. Ocyan increases the extent to which FinTech enterprises can easily and reliably integrate with DLT networks in an Agile and Cloud-Native way, by providing the necessary Operations, infrastructure and analytics services that are required. Business ... read more about Ocyan
Get Crypex is a leading Blockchain Development Company. Get Crypex provides services to enterprises, startups and entrepreneurs. We provide our clients with a full range of blockchain and crypto related services. We have a team of professional and dedicated Blockchain developers, designers, who leverage the latest technologies and agile methodology to offer best solutions to our clients. We take your business to the next level.
Ethereum Services is a British company founded in Liverpool 2019 and specializes in developing Smart Contracts, Blockchain Applications and Bitcoin/Cryptocurrency Exchange Software for businesses. The development team has been involved in the cryptocurrency world since its initial beginnings and possesses years of experience, providing companies with quality Blockchain applications on a global scale.
ICON Worldwide is a design and technology company based in Zurich, Switzerland and Sofia, Bulgaria. In Sofia, Bulgaria, we have built a strong developer team including: Java, ReactJS, Angular, Magnolia (certified), Drupal, Aquia, Site Core, Wordpress, iOS and Android developers. We pride ourselves on highly personalised service, our team is highly experienced with an avg of 10+ years of professional experience. We build and support platforms for some of the worlds most demanding companies across Finance, Pharma, Healthcare, Edu... read more about ICON Worldwide
Having rich experience of 5+ years in mobile, web and software solution development, NEXTYUG INDIA is a leading IT company globally. Our team is not only skilled in on-demand mobile app solutions and website development, but we are also experts in Web Application, Graphics Designing, and other leading technologies also. With hands-on experience of 300+ projects successfully delivered to our clients, we are amongst the top companies in India, Dubai, and Malaysia. Our Key Services: - Cross-Platform App Development (React Native, Ionic) Full-St... read more about Nextyug India IT Solution
You found Fulcrum – a software agency from Kyiv, Ukraine. We build mobile & web apps that win users’ hearts. ⚡️ We create: cross-platform mobile apps complex web apps desktop applications Our Expertise: Tools for automating business processes Streaming (video processing) On-demand delivery apps High-Load Systems Cloud Solutions Gaming Cybersecurity Marketplaces Social networks Our website: https://fulcrum.rocks Or, drop us a line here: [email protected]
- 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.