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

  • Exyte

    Award-Winning Mobile and AR Development Company

    We help startups and SME grow business with amazing apps. What makes Exyte different: 50+ successfully completed projects 11000+ stars on Github (ranked among the top global companies by Gitstar) An article to help understand how we work. Contact us for a free consultation and let's start our coo ... learn more about Exyte

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    $25 - $49/hr
    10 - 49
    2014
    United States, United Kingdom
  • Nextbrain Technologies

    Digital transformation company to your business

    Nextbrain is famous to build customer interactive web and mobile applications for startups, SME,s and Enterprises. We have an experienced team of web and mobile apps developers with an average of 5 years since quality is our motto, customer satisfaction is our blood and support is our life. We do strategy, de ... learn more about Nextbrain Technologies

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    $25 - $49/hr
    10 - 49
    2016
    United States, India
  • WebClues Infotech

    Your Vision, Our Creation

    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 busin ... learn more about WebClues Infotech

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    $25 - $49/hr
    50 - 249
    2014
    Canada
  • Clavax Technologies LLC

    Transform Your Ideas into Digital Solutions

    Clavax is a leading software, web and mobile app development company in San Jose, California, United States. Our top-notch development 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 u ... learn more about Clavax Technologies LLC

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    $25 - $49/hr
    50 - 249
    2011
    United States, Canada
  • Plavno

    Web/Mobile/Blockchain Development

    Plavno is listening to you and answering with software development services. Excellent communication and a complete understanding of the client's goals are our standards.    We provide a variety of options to help you scale your business. 🔝 Outstaffing Plavno provides you with highly skille ... learn more about Plavno

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    $25 - $49/hr
    50 - 249
    2007
    Kazakhstan, Poland
  • Prismetric

    Delivering Quality Products and Premium Services

    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 ov ... learn more about Prismetric

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    < $25/hr
    50 - 249
    2008
    India, United States
  • AppTrait Solutions

    AppTrait Solutions is best mobile app builder.

    AppTrait Solutions is a full-service mobile app and website development company. We specialize in developing innovative, user-friendly apps and websites that help businesses reach their targets and exceed their expectations. We also offer digital marketing services that help businesses promote their products and servic ... learn more about AppTrait Solutions

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    $25 - $49/hr
    10 - 49
    2013
    India, United States
  • APPSTIRR

    Award Winning App Development Company

    APPSTIRR is a leading mobile application development company with expertise in game development, software product development, enterprise-level solutions, custom web apps, artificial intelligence, blockchain, business intelligence, and big data. We also provide high-end web solutions to assist businesses in achievin ... learn more about APPSTIRR

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    $25 - $49/hr
    50 - 249
    2010
    United States, United Arab Emirates
  • Dot Com Infoway

    Making the Mobile & Web work for businesses

    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 h ... learn more about Dot Com Infoway

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    < $25/hr
    50 - 249
    2000
    India, United States
  • Reveation Labs

    Blockchain Development Company

    Top Blockchain Development Company We are an established Blockchain Consulting and Development Company based in the US, founded with the purpose of empowering businesses with solutions using the latest technologies. Utilize our blockchain consulting services to fully realize the potential of blockchain and o ... learn more about Reveation Labs

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    $25 - $49/hr
    10 - 49
    2020
    United States, India
  • NetSet Software Solutions

    Accelerating digital transformation

    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 turnke ... learn more about NetSet Software Solutions

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    $25 - $49/hr
    50 - 249
    2011
    Singapore, United States
  • NEX Softsys

    IT Partner for Global Clients

    NEX Softsys is a technological partner for global enterprises and startups, with the mission of empowering industries through excellence through integrated IT solutions. Since 2009, we have provided innovative software and data-based solutions to many companies, attending various countries, including the USA, Australia ... learn more about NEX Softsys

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    $25 - $49/hr
    50 - 249
    2003
    United States
  • Fusion Informatics Limited

    Leading AI, Mobility, IoT, Cloud Solution Provider

    Fusion Informatics is a leading full-cycle application development company with a proven track record of delivering meaningful Web, Mobile, and Cloud applications. Since its inception, the company has distinguished itself as one of the niche firms in providing end-to-end applications for Startups, SMBs, and Enterprises ... learn more about Fusion Informatics Limited

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    $25 - $49/hr
    50 - 249
    2000
    India, United States
  • Code&Care

    🚀Great Software Products for Your Business Ideas

    Code & Care is a first-class development service enabling corporations and startups to build cutting-edge software by experienced and fast developers. Our team at the forefront of technological advances and innovations, working with top-notch platforms and frameworks.  🔹 We believe that quality is m ... learn more about Code&Care

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    $25 - $49/hr
    50 - 249
    2015
    Ukraine, United States
  • Xicom Technologies

    Mobile App Development / Web / Software Solutions

    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 ... learn more about Xicom Technologies

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    $50 - $99/hr
    250 - 999
    2002
    United States, India
  • Techuz was started by a group of tech-minded individuals focusing on creating world-class web and mobile solutions leveraging advanced technologies. Since our inception we have been growing 300% yearly and have established an authority on Angularjs, Nodejs, Laravel, iOS - Swift and Android technologies. Not only are we ... learn more about Techuz InfoWeb Private Limited

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    < $25/hr
    10 - 49
    2013
    India, United States
  • BR Softech Pvt Ltd

    Website & Mobile Apps Development Company

    BR Softech is a credible and reliable partner for the development of customizable iGaming solutions for Android, iOS, and Windows Mobile platforms. We aim to focus on customer-centricity and satisfaction to deliver cutting-edge and tech-advanced software solutions, complimenting your business reach and profit margins i ... learn more about BR Softech Pvt Ltd

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    $25 - $49/hr
    1,000 - 9,999
    2012
    India, United States
  • Orion InfoSolutions

    Mobile & Web App Development Company

    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 bu ... learn more about Orion InfoSolutions

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    < $25/hr
    50 - 249
    India
  • Panacea Infotech Private limited

    Delivering Professional Excellence

    Panacea Infotech Pvt. Ltd. is a leading edge custom software development, web and mobile app development company. The company is ISO 9001 and 27001 certified and has 125 plus professionals working from its Pune head office. Since inception Panacea has focused on understanding and delivering custom applications as ... learn more about Panacea Infotech Private limited

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    $25 - $49/hr
    50 - 249
    2004
    India, United States
  • Mantreza Technologies Private Limited

    Next Generation Mobile App & Digital Solutions

    Mantreza Technologies is a leading Mobile App Development Company & Digital Marketing Agency. 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 em ... learn more about Mantreza Technologies Private Limited

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    < $25/hr
    50 - 249
    2017
    India, Canada
  • Biz4Solutions LLC

    Top Mobile and Web App Development Company

    Biz4Solutions excels in developing top-class software solutions for start-ups and enterprises across the globe. We have 11+ years of experience in tailoring revolutionary mobile/web app solutions that have elevated our clients’ business operations to the next level and provided them a competitive edge. Our tea ... learn more about Biz4Solutions LLC

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    < $25/hr
    50 - 249
    2011
    United States
  • Artjoker Software

    Software development company

    From 2006 we have been doing what we love, and doing it the best way. We are Startup Launching Base regularly establishing successful tech products. Our team of ambitious and talented people is good at hot Idea Pitching, designing rapidly-launched MVPs, and developing efficient FFPs. We cultivate high quality of servi ... learn more about Artjoker Software

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    $25 - $49/hr
    50 - 249
    2006
    United States
  • Zudu

    Breaking Digital Boundaries

    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 strat ... learn more about Zudu

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    $50 - $99/hr
    10 - 49
    2014
    United Kingdom
  • TechAhead

    Top Mobile App Design & Development Company USA

    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, ... learn more about TechAhead

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    $25 - $49/hr
    50 - 249
    2009
    India, United States
  • Sphinx Solutions

    Inspire : Innovate : Evolve

    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 ... learn more about Sphinx Solutions

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    < $25/hr
    Freelancer
    2010
    India, United States
  • Neebal Technologies

    Making Possibilities Real

    Neebal, a technology solutions provider, has delivered top of the line solutions across Agro, Pharma, and BFSI verticals. Neebal aims to provide top tier services for API Integration, RPA, and advanced mobility with prime focus on Hyperautomation. Founded in 2010, Neebal is proud recipient of the Deloitte Technology Fa ... learn more about Neebal Technologies

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    $25 - $49/hr
    50 - 249
    2010
    United States, India
  • Blackthorn Vision

    BUILDING A BETTER FUTURE THROUGH DIGITAL EVOLUTION

    Our company was founded in 2009 in L'viv, Ukraine, as a custom software development provider, specializing in Microsoft tech stack. Now Blackthorn Vision is a dynamically growing global outsourcing partner with deep expertise in a variety of leading-edge technologies and a portfolio of projects across multiple ... learn more about Blackthorn Vision

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    $50 - $99/hr
    50 - 249
    2008
    Ukraine
  • Geniusee

    Mobile App Development & Software Development

    Geniusee is a software, and product development company focused on the win of its clients. Founded in 2017 in Kyiv, Ukraine, it cumulates the expertise of 200+ skilled professionals who have already delivered 100+ notable projects in FinTech, EdTech, Retail, and other industries.  Our team is constantly enhanci ... learn more about Geniusee

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    $50 - $99/hr
    50 - 249
    2017
    Ukraine
  • Oyelabs

    Driving Growth and Business Value

    Helping companies execute or accelerate the idea. We have executed good amount projects in Blockchain, IoT, Machine Learning/ AI along with mobile apps and web apps.

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    < $25/hr
    10 - 49
    2019
    India, United States
  • Kwix Global Solutions

    Connecting Businesses One App At A Time

    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 sup ... learn more about Kwix Global Solutions

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    NA
    10 - 49
    2015
    Australia
  • Napollo Software Design L.L.C

    Best Software Design Agency in Dubai & New York

    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; S ... learn more about Napollo Software Design L.L.C

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    NA
    50 - 249
    2011
    United States
  • Endurance Softwares

    Your ideas, our codes

    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 use ... learn more about Endurance Softwares

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    < $25/hr
    10 - 49
    2019
    India
  • SovTech

    Business Software. Sorted.

    SovTech is a bespoke software development company that provides world-class software products to growth-driven technology businesses. SovTech offers flexible subscriptions at competitive rates that are geared towards building scalable and sustainable products. With a decade of success in the bespoke software space ... learn more about SovTech

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    $25 - $49/hr
    250 - 999
    2012
    South Africa, United Kingdom
  • Deorwine Infotech

    A Word to sum-up our love for Development-Passion

    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, str ... learn more about Deorwine Infotech

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    < $25/hr
    10 - 49
    2015
    India
  • SemiDot Infotech Pvt Ltd

    Right Technology Partner for IT Solutions

    SemiDot Infotech is a Top rated multi award winning software development company providing a full suite of services and solutions like website development, mobile application development, software development, blockchain development, crypto currency development, NFT marketplace development & e-wallet app developmen ... learn more about SemiDot Infotech Pvt Ltd

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    < $25/hr
    50 - 249
    2011
    United States, India
  • Linea Digitech

    Automation at its Best

    Linea Digitech is a growing App Development, Software Development and Digital Marketing Company having offices in India and Saudi Arabia. We have been continuously working to improve user experience over mobile application by using the technologies such as Big Data, Chat Bot, Artificial Intelligence etc. We also have e ... learn more about Linea Digitech

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    $25 - $49/hr
    50 - 249
    2018
    India
  • App Maisters Inc

    Web & Mobile App Development Services

    App Maisters Inc. is recognized as one of the Top Digital Solutions Providers in United States. Bringing Digital Transformation and Solutions to Startups, Enterprises & Government Agencies, App Maisters offers a wide array of business solutions to ensure clients achieve Sustainable Competitive Advantage using our e ... learn more about App Maisters Inc

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    $50 - $99/hr
    10 - 49
    2014
    United States, United Kingdom
  • UkrInSofT

    Web & Mobile / Cyber Security IT Solutions

    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, w ... learn more about UkrInSofT

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    < $25/hr
    10 - 49
    2006
    Ukraine, Bulgaria
  • DevBatch

    Delivering Best Custom Software Solutions

    DevBatch, the technology partner of Fortune 500 companies and other tech startups and enterprises, for the end-to-end development of scalable software solutions. We are delivering full-scale software development services including Mobile App Development, E-Commerce Development, and Web Development, that adapt ... learn more about DevBatch

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    $25 - $49/hr
    50 - 249
    2010
    United States, Pakistan
  • Citrusbits

    Mobile App Strategy, Design, and Development

    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 acro ... learn more about Citrusbits

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    $100 - $149/hr
    10 - 49
    2005
    United States
  • Epnovate Technology Pvt. Ltd.

    SAP Software Development Company in India

    Epnovate Technology is a pioneer Information Technology services company, delivers SAP ECC & S4 HANA consulting, Implementation, Support, systems integration and outsourcing solutions to the clients in numerous industries.We are providing customized solutions, based on solid foundations and rigorous best practice. ... learn more about Epnovate Technology Pvt. Ltd.

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    NA
    10 - 49
    2016
    India
  • Trigent Software, Inc

    Custom Software Development Company

    Trigent, founded in 1995, is an early pioneer in IT services and a leading software services company. We believe in partnering with clients across their value chain, assisting them to design, build, deliver, and maintain their products and services that make them the best in their industry. We enable our clients t ... learn more about Trigent Software, Inc

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    $25 - $49/hr
    250 - 999
    1995
    United States
  • Lunar Strategy

    Raising Crypto & NFT Businesses as Authorities

    In an increasingly competitive landscape, Crypto & NFT companies need a compelling, actionable marketing strategy to stand out, get more relevant leads, and attain clients. That's where Lunar Strategy comes in - and our successful collaborations with $100m tech unicorns prove it. We help #Crypto and #NFT compan ... learn more about Lunar Strategy

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    $100 - $149/hr
    10 - 49
    2019
    Portugal
  • SumatoSoft

    We help companies to digitalize their businesses.

    SumatoSoft builds complex custom software to help companies apply the best IT innovations to meet their goals through business digitalization.  5 key points we follow and stand for:  Focus first on the business value delivery; Make the software delivery process transparent and predictable; Use on ... learn more about SumatoSoft

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    $50 - $99/hr
    50 - 249
    2012
    United States
  • N-iX

    Software development company

    N-iX is a European software development service company that helps businesses across the globe expand their engineering capabilities and develop successful software products. Founded in 2002, N-iX has come a long way and increased its presence in six countries spanning Europe and the US. Being in business for almo ... learn more about N-iX

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    $50 - $99/hr
    1,000 - 9,999
    2002
    Malta, Ukraine
  • Aspire SoftServ Private Limited

    Software Development Simplified

    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 ... learn more about Aspire SoftServ Private Limited

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    $25 - $49/hr
    50 - 249
    2010
    India, Australia
  • iSEE MarkComm

    RELIABLE PARTNER SINCE 2010

    Get a non-binding quote automatically on our website. Hire us with no strings attached for up to 3 months. Get your marketing subscription meant for growth. iSEE MarkComm is a trusted marketing company with deep CSR history since 2010. It helps post-revenue early-stage companies successfully manage growth op ... learn more about iSEE MarkComm

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    $50 - $99/hr
    10 - 49
    2010
    United Kingdom
  • Venture Aviator

    Top Web, App, and Blockchain Development Experts

    Venture Aviator is an innovative software development company. Venture Aviator has capabilities in Web Development, Mobile Development, Blockchain Development, Full-Service Initial Coin Offering (ICO) advisory & cryptocurrency launches, and Artificial Intelligence. Venture Aviator was recently named ... learn more about Venture Aviator

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    $50 - $99/hr
    50 - 249
    2012
    United States
  • Zestminds

    Empowering Solutions

    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 maintenan ... learn more about Zestminds

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    < $25/hr
    10 - 49
    2017
    India
  • RW Infotech Private Limited

    Mobile & Web Application Development Company

    We are a team of young, talented & self-driven professionals who thrive to learn, build and grow. At RWIT, we provide end-to-end software services for a wide range of platforms. Our approach towards the solution makes us different from everyone else. It is a blend of flexibility, scalability, effectiveness, innovat ... learn more about RW Infotech Private Limited

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    < $25/hr
    10 - 49
    2013
    India
  • DreamSoft4u Private Limited

    Healthcare IT Solutions for Hospitals & Startups

    DreamSoft4U Pvt. Ltd. is India's Leading and one of the fastest-growing , established in year 2003 to provide excellent services in the field of ITES.  We provide Custom Software Development Services to the client range from hospitals, rural clinics, and blood processing agencies, individual physician ... learn more about DreamSoft4u Private Limited

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    < $25/hr
    50 - 249
    2003
    India, United States
  • ICTS Custom Software

    Your dedicated outsourcing partner

    ICTS is a Vietnam-based software development boutique that focuses on cutting-edge technologies. Our engineer team specialize in custom CRM/ERP software for businesses who wish to optimize their productivity or develop their e-commerce division. We also build applications for SMEs (small-medium enterprises) and Start ... learn more about ICTS Custom Software

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    < $25/hr
    10 - 49
    2016
    Vietnam
  • Focusteck

    Building Apps that Inspires

    Focusteck is a full-service digital agency, busy designing, engineering and marketing products, brands, and experiences from idea to launch.

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    $25 - $49/hr
    10 - 49
    2013
    United States, Pakistan
  • Aipxperts Technolabs Pvt Ltd

    Web and Mobile Application Development Company

    Aipxperts is a Web and Mobile application development firm that is dedicated to providing best-quality software solutions to our clients and helping them realize their big digital ideas into reality. Our company works across a wide field of mobile and web development applications like iOS, Android, WordPress and PHP th ... learn more about Aipxperts Technolabs Pvt Ltd

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    $25 - $49/hr
    10 - 49
    2012
    United States, India

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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