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
Xessable is a Macedonian-Dutch company with headquarters in Skopje with primary focus on outsourcing, in addition to providing consulting to our clients. The fact that Macedonia offers a highly skilled workforce, a fresh perspective and has the fastest growing IT market on the Balkan drove us towards opening Xessable. Our mission is to create the best possible working conditions for our employees and invest in them by organizing in-house seminars and encouraging our clients to certify their team members keeping them happy and motivated. Our cli... read more about Xessable
MAYRO IT is software development company, founded in 2018 and is especially dedicated to providing IT solutions to our clients through business process consulting, software development. We provide business process outsourcing services and support the implementation and maintenance of information systems. Our aim is to completely satisfy our clients, obtain the proposed results and over meet expectations.
LeverX International is a consulting and software engineering company focused on development and implementation of software on the platform of products and tools of SAP, as well as on engineering of web, mobile, and cloud/server software solutions. The company is a certified SAP Service Partner and a Preferred Vendor for more than 15 years; and a Strategic Technology Partner for a number of established companies and start-ups based in the USA and Europe. LeverX International is operating as a division of LeverX Group, an international group ... read more about LeverX
illionSo is an IT Company in Nepal established in 2019 and has earned the reputation as the trusted service provider for small and medium sized entrepreneurs across Nepal. Leveraging our ecommerce, web design and development skills, we’re delivering our service to over 25 clients which include multi-nationals, e-commerce, travel agencies and educational institutions etc. With our main office located at Nayabazar in Kathmandu, we’re servicing clients of various countries. We also has a successful track record for launching a... read more about illionSo Technologies Pvt. Ltd.
Fidato Creations is a leading website designing and development company based in Delhi, India since 2016. We have a great expertise of Web, graphic, 3D and digital marketing services.
BHiveLab is made up of the best and the brightest creative technologists, software engineers and hackers. We live and breathe all things digital from inventive software applications to differentiating digital customer experiences. We are a diverse team in Pittsburgh and Atlanta dedicated to transforming the way our clients are doing business by creating game changing digital products and solutions that put our client's customers first. We solve complex business problems for well-known brands. We work with startups. We even create our own pr... read more about BHiveLab (a Brunnerworks company)
Intobi - software development company with main Goal not to Impove just the Technologies and Software but overall Business in general. That is why we always starting Cooperation with new Client or Partner with the discussion of Business Model and processes there, trying to understand where we are now and what is the expected result in the end of the day. This is very simple. If you want to build great service - you need to understand real purpose and business needs of this. So if you will ask us to build a Super Car - we will ask you how y... read more about Intobi
Desmos Lab is a software development and consulting company located in Coimbatore, India. Founded by a team of professionals with experience in startups/corporate from varied domains, we have the knowledge base in a wide array of platforms, languages, and tools. Usage of Agile Methodology with the Scrum process helps in efficient project management and easy collaboration between the self-organizing and cross-functional team. HOW WE WORK We are equal parts of creative experts and technical specialist. We provide a disruptive medium to cons... read more about Desmos Lab
MetaShare Software Technology Co. Ltd is dedicated to custom software development. We are a group of people that offer not only various digital solutions, but also IT consulting. Since 2013, we have cooperated with many companies and established brands to re-image their business worldwide by providing visionary digital solutions powered by the latest technologies. MetaShare has open mind to the latest technologies, such as IoT (Internet of Things), Cloud technology, Blockchain, AI, etc, it will be helpful to provide excellent service and... read more about MetaShare. Inc
As a passionate group of professionals with a love for Web and mobile technologies, we have been successfully serving our clients for the past 15 years. Our 50+ developer team creates cutting-edge complex B2B and B2C web systems and apps as well as delivers top-notch direct outsourcing services. We work in multiple frameworks but we hold special feelings and are experts in Symfony, WordPress, OXID, React, PhoneGap, and Blockchain. We have developed around 125 large web systems and apps, as well as around 110 WordPress themes and plu... read more about createIT
Brigita is a technology service and consulting company, enabling clients to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. What makes BRIGITA unique is our ability to help clients meet both challenges. We help them enhance productivity by ensuring that vital business functions work faster, cheaper and better. And, our ability to conceptualize,... read more about Brigita Solutions Pvt Ltd
A pioneering India-based Internet-solutions company with offices worldwide. Our unique Full Service Provider (FSP) solutions model brings you the best of the worlds of Offshore Software Development, E-Business Products and Interactive Media.
Project Management and Business Analitycs Teams Project Life and QA Strong team of experienced Core-Developer who can understand new technologies and subject areas The ability to quickly power up the team with Junior + and Middle Developers Big and experienced QA Team Constant experience of developers in different directions of common projects Accumulated experience of errors and architectural problems with developed best practices of solutions
Empowered by 20+ years of experience in the field of IT, HTC has the right expertise to help you with all your technology needs. The Company Delivers Full-cycle Service Development. We have strongest team 200 specialists analysts, designers, developers, QA, DevOps and project managers. 2000 successfully delivered projects in key industries: retail, fintech, media and government.
We create highly customized web and mobile application for our clients. With a combination of a highly talented team, a robust software development methodology and off-shore platform, we will transform your requirement, needs, ideas, and dreams into fully functional and reliable software.
"Exult Cyber Solution Pvt. Ltd. (Web Development & App Development Company) Provides the Top Level Custom Web and App Development Solutions. With the Ever-evolving Mobile and Smartphone technologies, it has become imperative for companies to keep up and stay a step ahead in the Mobile landscape. We offer bespoke solutions to ensure your apps have the best interface and user experience and you stay ahead in the game. ExultCyberSolution partners with you right from the concept stage to execution and analytics. We offer services in Web Ap... read more about Exult Cyber Solution (P) Ltd.
We are a result-driven company with over 60 passionate minds and 6 years of experience writing clever codes, making flawless web and mobile applications and powerful designs. Irrespective of the size of a project, from an early stage, we have gone all out to deliver quality work keeping results paramount. We identify the latest trends, use the most modern technology, create personalized strategies and take a dedicated hands-on approach to each project that we work on — and deliver exceptional results, every time! With our cut... read more about Codegait
We transform your vision into reality through innovative & cutting edge technology. We provide range of IT solutions & software development services across multiple business domains.
Softkingo exists in the mobile app or Digital world to inspire businesses to innovate and excel. We are committed to providing users with the best possible experience due to the unique balance between product vision, service design thinking, and client service. Softkingo specializes in creating software for connected devices, from lamps and thermostats to smartphones and tablets. We use our service design principles as drivers in all of our decisions, from holistic creative practices to technical software engineering. We work with a simple a... read more about Softkingo
Plutomen is an enabler of transformation through technology and innovation, but it would be an understatement to imply that therein ends the company's role. Plutomen is a transformer, a partner who's as deeply invested in the success of such initiatives as its clients themselves. A lean, young startup, Plutomen also employs some of the most experienced resources in fields such as Augmented Reality, Virtual Reality and Mobility Solutions. That’s because Plutomen is actually the merger of two firms, Oryden Techlabs (started in 20... read more about Plutomen Technologies
Shaping emerging technologies to embed intelligence in Software, Mobile, Blockchain and Machine Learning solutions since 2015, IMEA holds an ability to apply leading technologies, great domain acumen and process to build software and mobile products that help stay ahead in today's highly competitive and hyper-fast environment. With global footprints marked, IMEA helped to create a benchmark success to 25+ Clients accross USA, EU, Canada, Australia, UAE and Japan. The exceptional tech-tactical minds are helping clients st... read more about IMEA Systems
Scriptics is your technology partner with a strong capability, capacity, and focus in Offshore Software Development and Outsourced IT Solutions which delivers next generation services, consulting and business solutions with an unmatched business value lead with process excellence within a qualitative and innovative framework. At Scriptics, we follow a proactive and customized approach throughout the process levels to help you to grow your business more strategically. We continually adapt and improve our processes to match and align with the bus... read more about Scriptics Technologies
Our team of professionals will bring your idea to reality by providing business and technical masterful competences.
We specialize in development of enterprise business software and applications for custom needs with preferable microservices architecture. Our experience allows us to create applications with high performance with the use of PHP, Java, Python, C++, C#, Linux/Unix and other technologies, programming languages and platforms. Whatever type of DevOps solutions or tech stack you’re about to use to solve your tasks, be sure that thanks to skills and in-depth expertise of our pros, it will all be done with best-f... read more about MK-CONSULTING
Ready to go teams that focus on the details that make things work. Accelerated Ramp Up periods, Simplified Communications and a Streamlined Process to deliver Sharp, Innovative and Reliable Software Development Services & Solutions. With more than 14 years in the industry; we are here to help you do your part, providing inspired and innovative solutions that perfect the interaction between individuals and companies. Maximizing customer satisfaction and multiplying businesses’ chances of success.
Quazom IT development company. We have 3 offices in Ukraine: Nikolaev (head office), Mariupol, Kiev. Our team: 120 employees (project managers, technical writers, developers, testers, marketers, etc.) More than 100 projects have been implemented. We are happy to help you in the implementation of your project!
Softence is the leading Mobile Apps and Web development company that is pioneering in bringing the products and ideas into the Mobile Space with high quality. We help clients in identifying risks and opportunities that address both short-term challenges as well as long-term value creation. Softence provides support or full management for projects from pre-concept to ongoing strategic promotion and evaluation.
Enterprise mobile app development company in Singapore. We develop mobile applications for start-ups and enterprises. Our experts and engineers are well-versed in developing both native and hybrid apps. From idea to launch, we cover everything for you.
Snowtint is an end to end technology company. We established in 2010 and worked with many companies on their technology advisory, strategy, UX/UI design and engineering services covering end-to-end mobile app development, IOT, AI and more.
আমাদের আউটসোসিং/ফ্রিল্যান্সিং ট্রেনিং সমূহ : 👉Digital Marketing 👉Basic Computer (MS-Word, Excel) 👉Search Engine Optimization (SEO) 👉Web and Mobile Responsive Design 👉WordPress Them Development 👉Graphic Design 👉Affiliate Marketing 👉CPA Marketing 👉Hydraulic Training 👉Solid Works Training 👉Video Editing and YouTube Marketing 👉Auto Cad 2D/3D Max Training
CloudTrains is a well-known firm for providing high-end, business-oriented web and mobile app development solutions across the globe. Creating innovative technology solutions to empower entrepreneurs, startups & enterprises; thereby, enabling them to serve their customers better. We can give your idea a shape that will make your product a brand that the customer wants to see & use for better life. We are working with a mission is to empower every person & every organization on the planet achieve more in their businesses by using Tec... read more about CloudTrains Technologies Pvt.Ltd
Microcis is an industry-leading web and mobile app development company known for delivering innovative and award-winning solutions for the government and private sector entities. Microcis is renowned as one of the best app development companies in app space with its outstanding capabilities and a world-class team of mobile app designers and developers. The company offers winning app strategies, stunning app designs, powerful agile app development, and stand-out launch marketing.
Since our inception, we have pioneered customized solutions that have become central components in our client’s business success. We have taken a major leap from our origins as a one man army to becoming an international venture with seasoned professionals and offices in United States of America, Malaysia and India within a very short period of time.
A Best SAP Consulting & software development company in India: HexaTech Global having a deep insight into various industry domains, allowing our SAP consultants to understand the actual client needs timely, efficiently and in a cost-efficient manner. Our main purpose is to avail a hassle-free SAP solution to our client’s across the globe. Hexatech Global presently has its presence in SAP S/4HANA Implementations, Support, Conversion & Cloud-based Services and Upgrade & Migration.
We are result-driven information technology consulting firm specialized in helping companies with our wide range of competencies in new age technologies and business frameworks. Infonium works along businesses to offer tailored IT consultancy services. We work as a business partner to help in business growth, product marketing, IT strategy planning, selecting tools and frameworks for digitization of their business process and digital transformation implementation. Our team has industry experts with 20+ years of experience have helped earl... read more about Infonium Technologies
ONE OF THE TOP GLOBAL AGENCY We provide the best solution services for you; as a Digital Agency, we provide Marketing, Branding, Development, Growth, Analysis, Auditing, and more.
gowebs is a web development company in India offering a range of products and services including website design, outsourced web development, SEO services. also, we provide Satta Matka game, 3patti game, casino game, if required any types of game contact - 858581444 or visit - https://www.gowebs.in/satta-matka-software-development static website design in kolkata Dynamic Website Development company in Kolkata
Hivish Technology Private Limited is one of India's Leading and Branded Company since 2009. We have more than 12 Years of experience. "We Provide software development, web services, android apps, shopping portals, logo design, internet marketing, SEO, SMM & SMO, PPC, web hosting solutions, domain name registration, content writing."
Uniwebb Software is a USA based provider of custom software development services to include mobile app development, web development, IoT development, AI chat bot development, AI software development, machine learning, game development and professional services with highly trained technical experts. We partner with technology businesses globally to create innovative products and help companies implement digital transformations.
Our goal is to bring your vision to life in a form that’s better than you imagined. We deliver that by providing measurable business outcomes, in a predictable and time-bound fashion. We are a trusted Inc5000 ( 2 times) and Microsoft Gold partner Software Development Company based in Southern California with clients all over North America. Since 2009 we’ve been a software innovation partner for SMBs and Fortune 500 companies. We deliver technical expertise coupled with business acumen, around-the-clock support, an... read more about Pegasus One
We provide services related to the deployment, maintenance, optimization and upgrades of your SAP systems (SAP S4/HANA, SAP HANA) Blockchain development services, developing Dapps, smart-contracts, ICO related services. Development integration solutions between SAP, Oracle, and external systems Developing curricula and courseware for information technology and products.
Diligent Staffing our goal is to provide cost effective optimized solutions with latest technologies to small and large business organizations. Our consultants have a combined experience of over twenty years. Our consultants have worked in various industries and have different certifications as well as a vast array of experience. Our clients are located around the globe. We specialize in setting up dedicated teams locally with clients to work as an extension of their teams. We have 50+ developers around the globe that have experience with Mobil... read more about Diligent Staffing LLC
Sunmait Technologies is a fast-growing tech company that builds software for startups, for small to businesses worldwide. We don’t offer traditional outsourcing services - we create compelling applications together with you. We love clients, thus we work hard to offer actual solutions, next-generation user experiences and lasting cooperation.
Quillhash Technologies Pvt Ltd, Gurugram is a prominent name in the blockchain industry for Blockchain Development and Consultancy. We explores and builds products in Blockchain, Machine Learning, AI and IOT. We help traditional businesses become more efficient, streamlined, creative and innovative. We stay on the cutting edge of each service we provide, from Private and Public Blockchain technology platforms, Smart contract audits and token sale platforms.
ClecoTech International is One of the Most Leading IT companies in India . We have 10+ years of experience with strong web application development, Mobile Development, IoT and Machine learning. Regarding programming language we work in Ruby, Ruby on Rails, Sinatra, PHP, AngularJS, Python, NodeJS, AngularJS, Vue.js, React, React Native, Swift and Android. We follow Agile based development in our organisation. We have developed, designed and deployed digital experiences for all types of companies from small start-ups to fortune 500... read more about Clecotech International Pvt Ltd
We are a leading digital agency registered in India providing comprehensive & integrated IT services that includes, Website Design & Development, and Software Development & Mobile Applications, Digital Marketing services. We provide digital marketing solutions to businesses with unrivalled insights into their true standing in the market to enable them adapt to the changing customer trends and continue in their dynamic growth. Our solutions assist businesses reach out to prospects, retain the current customers, enhance thei... read more about Targeticon Digital Services Pvt. Ltd.
Cryptosoft India is a Chennai, India based company. We also provide you all the online solutions for Blockchain & Cryptocurrency, Mobile Application Development, Wallet Development, etc., to grow your business. We have a group of active and energetic workers who full fill the requirement for our clients. Read More
Mechcubei has been part of the IT industry for more than 5 years with reliable mobile/web/digital marketing and SEO service primarily based in USA, UK, and India. The prime focus of our organization is to deliver high-quality software development services at reasonable prices to our clients. Our mission is in what we follow as the latest trend, where you don’t just meet the client’s expectation but you exceed the expectations of the client with exceptional service. Services we offer, make sure our clients accomplish their busi... read more about Mechcubei Solution Pvt.Ltd
Exafluence provides Best Big Data Service Provider in USA, Big Data Architecture, Design, Data Modeling, Development and Testing. Best Big Data Analytics Companies in USA develop and implement big data analytics using all industry-leading business intelligence tools
Relliks Systems help you achieve your business goals through right business solutions. We develop Web applications, Mobile app and Software to cover your brand and idea, converting it into reality, And help you adopt modern and open source software and databases.
- 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.