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

  • Queppelin

    Metaverse - AR | VR | NFTs | AI | WebAR | 3D

    Unlock the Metaverse with Queppelin’s end-to-end solutions that will enable your business to participate in this landscape today and in the future. Access the world Scale the world Change the world We Build Metaverse - At Queppelin, we develop AR and VR Applications, Immersive Experiences for Adver ... learn more about Queppelin

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    < $25/hr
    50 - 249
    2010
    United States
  • Tech Exactly

    Top Notch Mobile Apps

    Tech Exactly is an award winning Mobile App Development company based in India. We work with smart Startup Founders who are working to bring the next big revolution in the Mobile App space.Our team has the experience of working with over 100 Startups and has been recognized by many leading B2B research agencies for our ... learn more about Tech Exactly

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    $25 - $49/hr
    50 - 249
    2016
    India
  • ViitorCloud

    Instilling Innovation. Exceeding Excellence.

    ViitorCloud Technologies Pvt. Ltd. started in 2011 is a leader in the application of technology solutions and has been helping their clients with digital transformation whilst creating new avenues for generating value and growth for them. We provide innovative solutions and services across contemporary cross-platform s ... learn more about ViitorCloud

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    $25 - $49/hr
    50 - 249
    2011
    India
  • Mobiweb Technologies Pvt Ltd

    Web Development and Designing Company

    MobiWeb Technologies started as an offshore Web development company, providing customized internet and client-server solutions to the industry. We offers different services includes hire drupal developer, angularjs development company and m ... learn more about Mobiweb Technologies Pvt Ltd

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    < $25/hr
    Freelancer
    2011
    United States, United Kingdom
  • Prakash Software Solutions is Microsoft Gold Certified Partner with specialization in Net and SharePoint development - Migration, BI, Branding, Web Parts, and Workflow. We have a team of near to 100 experienced and certified developers working on Microsoft, Open Source & Mobile technologies. We use tools like WS ... learn more about Prakash Software Solutions Pvt Ltd

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    $25 - $49/hr
    50 - 249
    2000
    India
  • InnovationM

    End to End Technology Solutions

    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. Head ... learn more about InnovationM

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    < $25/hr
    50 - 249
    2010
    United States, India
  • Fortunesoft IT Innovations

    High-end software product engineering & services

    Fortunesoft is a highend software product engineering and consulting company providing full cycle software development services for enterprises and startups. We build, improve and scale software products across platforms leveraging disruptive technologies in mobile, web, cloud, analytics, AI and blockchain. ... learn more about Fortunesoft IT Innovations

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    $25 - $49/hr
    50 - 249
    2009
    United States, India
  • Enkode Technologies

    Building Software for Startups

    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 t ... learn more about Enkode Technologies

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    $50 - $99/hr
    50 - 249
    2016
    United States, Canada
  • Tech Pathway Consultancy LLP

    Website and Mobile application development company

    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, We ... learn more about Tech Pathway Consultancy LLP

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    < $25/hr
    10 - 49
    2017
    India, United Kingdom
  • DreamzTech Solutions Inc.

    Digital Partner for Web, Mobile & IoT Solutions

    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 & Amaz ... learn more about DreamzTech Solutions Inc.

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    < $25/hr
    50 - 249
    2013
    United Kingdom, United States
  • Weboconnect Technlogies Pvt Ltd

    We connect businesses via web

    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 var ... learn more about Weboconnect Technlogies Pvt Ltd

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    $25 - $49/hr
    50 - 249
    2014
    India
  • IBR Infotech

    Web and App development

    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 mo ... learn more about IBR Infotech

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    < $25/hr
    10 - 49
    2012
    India
  • Space-O Technologies

    [Mobile, Web, BigData, Ruby, Python Expert]

    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 fol ... learn more about Space-O Technologies

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    $25 - $49/hr
    50 - 249
    2010
    India, Canada
  • Hashtaag

    Digital Innovation Lab

    When you need a talented, fast, and powerful team – Hashtaag, we’re it! We can deliver beautiful, functional products in about 1 Month with our product discovery! Hashtaag helps entrepreneurs and startups bring their product ideas to life. We care about your vision, mission, and company goals – ... learn more about Hashtaag

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    $25 - $49/hr
    50 - 249
    2015
    India
  • Softlabs Group

    Hire Dedicated Developers Team

    Softlabs Group is one of the best Software Development Outsourcing Companies in India with an International Market presence of over 21+ years. We offer highly innovative, sustainable, robust, secured, and cost-effective software development and mobility solutions to corporate giants, small enterprises, and start-u ... learn more about Softlabs Group

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    $25 - $49/hr
    50 - 249
    2003
    India, United Kingdom
  • Walkwel Technology

    Build amazing stuff, get walkwel

    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 ... learn more about Walkwel Technology

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    $25 - $49/hr
    50 - 249
    2011
    India
  • Innowrap Technologies

    wrapping ideas innovetively

    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 ... learn more about Innowrap Technologies

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    $25 - $49/hr
    10 - 49
    2015
    India
  • Faction Studio

    We Engineer iOS, Android and Web Applications

    We create meaningful mobile user experiences that look great, define customer journeys and fulfill user’s needs in a manner which keeps people loyal to your product and brand. Our iOS and Android developers work in small teams to move quickly to solve engineering problems and build secure, robust produ ... learn more about Faction Studio

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    $50 - $99/hr
    10 - 49
    2006
    United States
  • Cygnet Infotech

    Technology that moves business

    Established in 2000, Cygnet Infotech works with clients across 35 countries and has a strong team of over 1000 employees. Cygnet Infotech’s offerings range from IT Services, Technology Products, and Tax Technology solutions. Aligned with its vision of providing technology enabled business solutions, Cygnet Infote ... learn more about Cygnet Infotech

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    $25 - $49/hr
    1,000 - 9,999
    2000
    India, United States
  • Blockchain Firm

    Enterprise Blockchain Solution Provider

    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 ... learn more about Blockchain Firm

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    $25 - $49/hr
    10 - 49
    2017
    United Arab Emirates, India
  • Ocyan

    Cloud & Analytics for FinTech Blockchains Apps

    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 integr ... learn more about Ocyan

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    $150 - $199/hr
    10 - 49
    2018
    United Kingdom
  • Get Crypex

    Blockchain Development Company

    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 lates ... learn more about Get Crypex

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    $25 - $49/hr
    10 - 49
    India
  • Ethereum Services

    Smart contract Business Integration

    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 pos ... learn more about Ethereum Services

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    $100 - $149/hr
    2 - 9
    2019
    United Kingdom
  • BloxBytes

    Transparent Blockchain Consulting Partner

    BloxBytes is a leading enterprise blockchain development company with 10+ years of experience in gaming, fintech, and health care markets, headquartered in the United States with branch offices in 3+ countries. Our blockchain consulting and development services ensure full-cycle technical support for your token offe ... learn more about BloxBytes

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    $50 - $99/hr
    50 - 249
    2012
    United States
  • ICON Worldwide

    Big Ideas Are Built Here.

    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 ... learn more about ICON Worldwide

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    $150 - $199/hr
    10 - 49
    2007
    Switzerland, Bulgaria
  • Susco is a 15-year-old New Orleans-based technology firm focused on developing business software, mobile workforce applications, and commercial mobile apps, specializing in C#.NET development and cross-platform mobile development.  We serve mainly mid-market companies with 100 to 2000 employees. Susco serv ... learn more about Susco Solutions

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    NA
    10 - 49
    2005
    United States
  • Velvetech LLC

    Technology Solutions & Digital Strategy Execution

    Velvetech LLC is an award-winning custom software development and consulting company from Chicago, IL that facilitates innovation and growth in the mid-size market. At Velvetech, we supply our clients and partners with the most effective and advanced IT solutions that enable rapid implementation of their development st ... learn more about Velvetech LLC

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    $50 - $99/hr
    50 - 249
    2004
    United States
  • Your Team in India

    Offshore Software Development Company

    Company Overview: Your Team in India is an offshore software development company that help businesses to scale up their IT team quickly. Having 150+ dedicated offshore developers, 10+ years of industry experience, and ready to use IT infrastructure, we aim to simplify the outsourcing experience of entrepreneurs. Wit ... learn more about Your Team in India

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    < $25/hr
    50 - 249
    2009
    United States
  • NexThoughts is a complete Software Solutions Company with a team of 45+ professionals expertise in Development, Testing and Evaluation of Enterprise software and web applications. We look to disrupt traditional business models and help companies with Digital transformation.   We work closely with our custome ... learn more about NexThoughts Software Technologies Pvt. Ltd.

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    < $25/hr
    10 - 49
    2013
    India
  • Stalwart Info

    Building a good customer experience

    Stalwart info specializes in custom mobile applications and web software with innovative partners, from startup ventures to Fortune companies.We offer exceptional all-round IT services that is testimony to our top-notch offerings and commitment to excellence. With our agile, collaborative approach, we have provided ... learn more about Stalwart Info

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

    YOUR RELIABLE IT PARTNER

    Technorely unites the developers and IT experts willing to contribute their profound knowledge and expertise to your projects. Our team is experienced in fintech, industrial, healthcare and blockchain projects. We can guarantee a proactive approach to your project and the high quality of our work, that is why E ... learn more about Technorely

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    $25 - $49/hr
    50 - 249
    2018
    Canada
  • Damco Solutions

    Enabling Business Transformation and Innovation

    Damco Solutions is a leading IT Services and Solutions company with expertise in providing exceptional customer value and immense business advantages to its customers worldwide. We bring 26+ years of experience in the IT industry, having helped several leverage technologies, transform their businesses and acquire susta ... learn more about Damco Solutions

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    NA
    1,000 - 9,999
    1996
    United States
  • Focaloid Technologies

    Digital Solutions. Simplified.

    Focaloid is a digital solution providing company that focuses on developing value-adding technology solutions with user-engaging designs. Broadly, our services include Enterprise, Mobile & Web Platform Solutions, Design and Animation Solutions, Internet of Things (IOT) Development.  We engage in creating cu ... learn more about Focaloid Technologies

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    $25 - $49/hr
    50 - 249
    2012
    India, United States
  • ExpertsFromIndia

    We Make IT Possible

    EFI 'Dedicated Developer Service is a leading company to offer you access to Single or team of Dedicated Developers/ Programmers, exclusively working for you on your projects on full-time or part-time basis at our software development outsourcing center in India. One of the Prime examples of our services and custom ... learn more about ExpertsFromIndia

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    $25 - $49/hr
    250 - 999
    2003
    United States, India
  • Intuz

    Microsoft and AWS Partner Company

    Intuz is a leading global digital agency providing end-to-end software development services on Mobile, Cloud, Web & IoT. We are based out of San Francisco, California and India. We are an ISO 9001 certified, Microsoft partner and AWS Cloud Consulting Partner organization, with 10 years of Consulting and Developm ... learn more about Intuz

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    $25 - $49/hr
    50 - 249
    2008
    India, United States
  • REGO Techno Solutions

    Scalability is our identity

    Rego Techno Solutions is a Leading Website Design Company in India. We at Professional Web Design and web development company in India, give an extensive variety of Creative and Technical Web Solutions including Web Design, Web Development, Website Hosting, Digital Marketing and SEO Services. Regardless of whether it i ... learn more about REGO Techno Solutions

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    < $25/hr
    50 - 249
    2016
    India
  • Clarion Technologies

    Your Idea. Our Code.

    Clarion Technologies is a leading IT Outsourcing company with 3 state-of-the-art development centers in India. Our unique engagement model helps our clients leverage the best of outsourcing world - high-quality resources, world-class technical supervision, and infrastructure. Clarion has been innovation partner for sev ... learn more about Clarion Technologies

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    $25 - $49/hr
    250 - 999
    2000
    United States
  • Relia Software

    UX Led Offshore Development Partner

    Relia Software is a complete product development shop from initial concept or idea to live product and application. We also process in-house DevOps and QA experts to ensure one stop solution to our clientele. We have been able to set up offshore development teams for companies like WhiteCoat Global, Independence Plu ... learn more about Relia Software

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    < $25/hr
    10 - 49
    2011
    Vietnam, United States
  • Codestore Technologies Pvt Ltd

    Leading Technology Solution Provider

    CodeStore consists of a team of proactive senior professionals in: * Asp net Zero Development - Angular, MVC * JavaScript Development- AngularJs, Angular2-5, Telerik, Kendo, Infragistics, SPA * Front End Development * Web Development - Full Stack * Dot.Net Web Development * Dot.Net Core Development ... learn more about Codestore Technologies Pvt Ltd

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    < $25/hr
    50 - 249
    2016
    India
  • 8allocate

    Staff Augmentation and Custom Software Development

    We’re a staff augmentation and custom software development provider specilized in Fintech, AI/ML, eCommerce, data science, blockchain, and AR/VR/XR siolutions. We help other businesses augment and extend their in-house software teams with high-caliber web, mobile and enterprise developers from Ukraine, which help ... learn more about 8allocate

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    $25 - $49/hr
    50 - 249
    2015
    Estonia, Ukraine
  • Mobylogix

    Top Product Design Engineering & Marketing Company

    Welcome to Mobylogix! It's great to see you at our profile. Mobylogix is the most trusted software engineering & marketing company that delivers top-notch & innovative IT solutions. We are experts in developing advance mobile apps, web apps, software, Blockchain, IoT solutions & more. Starting f ... learn more about Mobylogix

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    $25 - $49/hr
    10 - 49
    2015
    Lithuania, United States
  • Stepping EDGE

    Solutions beyond EDGE

    Stepping EDGE - Having More than a decade of experience in eCommerce, Product development, Staff augmentation, Business Process Outsourcing & Digital Marketing. We're a team of 20+ have been focusing primarily on client satisfactions. With our well places sources and solid research network, we ensure that our c ... learn more about Stepping EDGE

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    $25 - $49/hr
    10 - 49
    2018
    India
  • Crynet

    Blockchain Consulting Service

    Crynet is a Blockchain consulting & development company. We specialized in helping STO/ICO companies in consulting, pr/marketing services and capital raising.

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    $50 - $99/hr
    10 - 49
    2016
    Czech Republic
  • IDS Logic

    Services That Deliver Value to Your Business

    IDS Logic is a leading global outsourcing company with its core focus on offering web, eCommerce, mobile apps, LMS development,application maintenance & support and digital marketing services to clients across the globe. Our team of dedicated and committed professionals is a unique combination o ... learn more about IDS Logic

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    $50 - $99/hr
    50 - 249
    2007
    India, United Kingdom
  • Mebsites

    An Evidence Based Approach To Performance

    We Work With SEO Clients in the Gold Coast, Australia and Internationally Performance first approach to internet applications from: SEO, Web Hosting, Software Developers of eCommerce, Websites to Blockchain. WE ARE FULL STACK SEO AND HOSTING EXPERTS Our SEO expertise includes creating user exper ... learn more about Mebsites

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    $150 - $199/hr
    10 - 49
    2011
    Australia, New Zealand
  • Sunvera Software

    Best Mobile App Dev Company In Orange County

    SunVera Software creates unique digital experiences for individuals, start ups, small businesses and Enterprise customers. These experiences span website development, designing and developing mobile apps, and building full stack Ecommerce sites. With traffic shifting towards mobile phone use, we focus on giving yo ... learn more about Sunvera Software

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    < $25/hr
    10 - 49
    1993
    United States
  • Kellton Tech Solutions Limited

    Infinite Possibilities With Technology

    Kellton Tech is a ‘Born Digital’ technology consulting and services company founded on the belief ‘Infinite Possibilities with Technology.’ We are driven by our deep strategic thinking approach and agile methodologies to help our clients shape business strategies and growth. Ourdisruptive D ... learn more about Kellton Tech Solutions Limited

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    $25 - $49/hr
    250 - 999
    2009
    India, United Kingdom
  • Decipher Zone is leading edge software development company. We deliver immaculate and impeccable IT solutions with strict code of analysis, development and rigorous testing procedures. Agile teamwork of our competent experts yields in placid performance of our products. Our technology stack includes blockchain dev ... learn more about Decipher Zone Technologies Pvt Ltd

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    < $25/hr
    50 - 249
    2015
    India
  • RootQuotient

    Digital values, delivered.

    A firm technology partner for startups & enterprises driving towards innovation. Our award-winning team ideate, design and develop bespoke software solutions that create values to brands and its users. Expertise: Web & Mobile Machine Learning Blockchain IoT

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    $50 - $99/hr
    10 - 49
    2018
    Canada
  • Hermes Infotech

    We Convert Your Ideas Into Digital Products

    Hermes Infotech is a fast growing IT Services company with offices in Singapore and India. We provide web development, mobile apps development, custom application development and digital marketing services to customers globally. Our extensive IT experience of multiple domains clubbed with in-depth knowledge of techn ... learn more about Hermes Infotech

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    < $25/hr
    10 - 49
    2017
    Singapore
  • Codify Indi

    The full-service software development company

    Codify Indi is a customer-focused organization that consistently delivers exceptional custom software and mobile apps development services to its customers. We are a full-service web and software development company specialized in building high-quality iOS and Android mobile apps for small and medium businesses, startu ... learn more about Codify Indi

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    < $25/hr
    10 - 49
    2019
    United States, India
  • SpaceDev

    Blockchain and other cutting-edge technologies dev

    We are SpaceDev, a software development company specialized in Blockchain that helps clients turn their ideas into stellar products. We are headquartered in Montevideo, Uruguay, one of Latin America’s tech powerhouses with a team of over 40 engineers. We are Expert Vetted on Upwork with over +2M earned! Clutch ... learn more about SpaceDev

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    $50 - $99/hr
    10 - 49
    2017
    Uruguay
  • Our motto is crafting software solutions for the Future. We provide you with a full set of services to help you to realize your business idea, starting from business analysis through design and implementation phases to stabilization, deployment, and maintenance of the end product. We offer flexible cooperation ... learn more about HF-Solution

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    $25 - $49/hr
    250 - 999
    2016
    Macedonia
  • Concise Software

    Building an integrated world

    Blockchain, dApps and mobile technology are moving fast. From intelligent hardware devices (IoT) to app-enhanced car dashboards, every industry can now participate in the smart, customer-driven app revolution. We help our clients and partners keep pace and thrive. As an engineering team, we specialize in buil ... learn more about Concise Software

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    $50 - $99/hr
    50 - 249
    2011
    Germany, Poland

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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