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
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 customers and engage them in the development process in order to increase the business value of product developed.We follow agile practices and leverage the power latest cutting-edge technologies for product application development. ... read more about NexThoughts Software Technologies Pvt. Ltd.
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 customer-centric applications on multiple platforms in mobile and web. Our web and mobile application development span across platforms such as Android, iOS, Java, Ruby on Rails, PHP, Magento, Force.com, WordPress etc. Besi... read more about Focaloid Technologies
Softlabs Group is one of the best Software Development Outsourcing Companies in India with an International Market presence of more than 15 years. We offer highly innovative, sustainable, robust, secured and cost-effective software development and mobility solutions to corporate giants, small enterprises and start-ups across different parts of the world. We are a software development company having high quality large teams of software and mobile app developers with expertise in following technologies: High-End technologies like Micr... read more about Softlabs Group
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 Development experience, and a global clientele from 45+ countries. Intuz has delivered solutions for more than 14+ Industries so far, and have empowered tech start-ups to SMBs to Enterprises globally via developing Lucid Consumer Appli... read more about Intuz
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 is Developing an effective ECommerce Store (e-commerce website development), Creating a Corporate Online Presence.
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 from 2015, we have designed and engineered various projects for our clients including individuals, start-ups, entrepreneurs, and business enterprises. Empowered by a team of experts and specialists in the field of IT, we provide... read more about Mobylogix
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 expertise in generating leads for any business house through digital marketing.
DreamSoft4U Pvt. Ltd. is India's Leading and one of the fastest-growing Custom Healthcare Software Development Company, 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 and full-service hospitals. We are offering planning, system integrations migrations, and many more. Our Healthcare IT Solutions make your staff hassle-free so they can focus on p... read more about DreamSoft4u Private Limited
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 several small and medium enterprises and pioneering start-ups across the world. Our differentiated IT outsourcing model, agility, technical prowess, and flawless execution enables us to deliver immaculate projects across industry ... read more about Clarion Technologies
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 WSS 3.0, MOSS 2007, SharePoint 2010, SharePoint 2013, Office 365, Cloud Computing and Azure. We have delivered solutions in USA, UK, Germany, Italy, Spain, France, Denmark, Sweden, and the Netherlands as fixed projects, contract-... read more about Prakash Software Solutions Pvt Ltd
Crynet is a Blockchain consulting & development company. We specialized in helping STO/ICO companies in consulting, pr/marketing services and capital raising.
IDS Logic is a leading global outsourcing company with its core focus on offering web, eCommerce, LMS,mobile apps development and digital marketing services to clients across the globe. Our team of dedicated and committed professionals is a unique combination of strategy, creativity and technology.
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 experience (UX) based design, Static local business websites, Business CRMs and custom e-Commerce web projects, both small and large. Take some time to see our development and design work to see our portfolio. Furthermore, we can re... read more about Mebsites
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. We have 10+ years of experience in software product engineering, serviced over 150+ happy customers worldwide and successfully completed 500+ projects so far. We have operations and physical presence in ... read more about Fortunesoft IT Innovations
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 Digital Transformation solutions are trusted by startups to Fortune 500 clients. We leverage technology as a competitive differentiator for success to craft unique IT solutions, provide technical consultation, and integrate busines... read more about Kellton Tech Solutions Limited
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
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 technologies helps us in providing cutting edge solutions to customers and professionally transform their business ideas to a global product in faster and cost effective manner with high quality of standards. We are supporting a lar... read more about Hermes Infotech
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, startups and enterprises. We build software that best serves your company’s needs, goals and culture. When it comes to providing professional services, we pledge transparency. We communicate with our clients about every stage o... read more about Codify Indi
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 building hardware-integrated mobile apps and the backend systems to power them. As a team of consultants and specialists, we help with every phase of planning, design, cloud infrastructure, and software engineering. Do you have an ... read more about Concise Software
Arateg is an award-winning custom software development company that helps startups and SMEs meet business-specific needs by delivering blockchain, big data, IoT, and AI/ML solutions. Since 2014, our team has been providing software development outsourcing services to clients in E-commerce, E-learning, Healthcare, Financial, Insurance, Logistics sectors, etc. What to expect working together? - Strong experience in building powerful products for startups and SMEs - Agile methodologies and a high level of communication at all d... read more about Arateg
We are a close-knit team of fearless DevOps and Blockchain practitioners, handling projects of any complexity. We can automate anything and help you save up to 85% on your infrastructure costs.
We position ourselves as a full participant in the mobile development market. Over 8 years of work, we have managed to accumulate substantial experience and our own expertise in developing projects for startups and businesses. Native app development for iOS and Android is our strong feature since we approach every project from the perspective of deep immersion into the business of our customer. We are sure that it is impossible to create a working solution without comprehensive market research, analysis of competitors and target audience, an... read more about WOXAPP
Cynoteck is a Microsoft Gold Partner, Adobe Bronze Partner and Salesforce Appexchange Partner Company. A team of 80+ employees working from Minneapolis and India offices providing CRM (MS Dynamics 365+ Salesforce CRM), MS Dynamics ERP System Development, Web and Mobile application development services. Our employees have achieved certifications in their respective technologies of specialization like Microsoft, Salesforce and Adobe etc. Some of our projects have been recognized and awarded for quality and excellent service. Over the yea... read more about Cynoteck Technology solutions Pvt.Ltd.
Jellyfish Technologies is a service based software development company that transforms ideas into applications. Our cross functional team of motivated, skilled and experienced software engineers and designers, help the clients unlock the business values of their enterprises in a time bound and cost effective manner. Since our incorporation in September 2011, we have delivered more than 250 projects of different scale and have added more than 100 enterprises, startups and individuals from across the globe, to our clients' list.... read more about Jellyfish Technologies
For 3+ years, our experienced team of 30+ professionals provides cost-effective and in-time development services for EU, US, Canada, Middle East, Asia clients. Our completed projects include corporate portals, Web and Mobile Apps, CRMs, blockchain, cloud, custom solutions. For each of our projects we form a team of niche experts to meet all the client’s expectations.
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 products. Together we’ve developed over 50 native iOS and Android apps since 2008. The mobile apps we build are powered by the cloud-based backends we engineer for them. We employ single-page application architecture to serve ... read more about Faction Studio
We are a boutique, yet global data driven growth agency who consistently delivers 10x ROI for our clients. No brand is too big or too small. We have built small brands into national and global powerhouses and will never lock you into a long term contract. We talk ROI and Numbers, Leads, Calls, Business, PERIOD. This is what SEO Brand will do for YOUR company: Assess your value proposition and current competitive market analysis Identify your Customer Lifetime Value and back into a Cost Per Acquisition Targe... read more about SEO Brand
HebronSoft is a software engineering company. We focus on technology and providing ways in which your business can run more efficiently, resulting in reduced costs and increased profits. In the same way, as our company’s values are to change the lives of less privileged youth, and orphans, our mission is to help other businesses thrive and succeed by providing high-quality services and creative software solutions. As a technology company, our teams of experienced professionals provide full-spectrum services in web/mobile, custom software ... read more about HebronSoft
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 helps reduce time to hire tech talent and time to market, and improve top-line growth and bottom-line savings. Alternatively, we deliver turnkey managed software projects, according to the client's budget and specification (T&a... read more about 8allocate
Sate creates Enterprise solutions to help clients leverage the strength of Blockchain technology for their businesses. We make it seamless for clients to break the old paradigm of centralized consensus and replace it with distributed blockchain paradigm to power remarkable range of applications. We not only use blockchain as a technology, but also as a strategy.
Our mission is to build and connect yongsters with techPAPA.in This company is good growing IT solutions company. In our way which company wanted to give an opportunity to freshers that company would be a challenging company. This company has good reputation in customer service. techPAPA.in is one of the leading name in the field of Information Technology. If your searching a good opportunity where you wanted to see yourself in a better position join techPAPA.in. It is a great privilege for anyone to work with us and make himself best in all.
We have categorized our operations in two significant segments below, which focuses on the development and expansion of Lafont Innovations Limited. As Developers We focus on providing invaluable technology-based business concepts for purposes of execution by third-parties. Also, it ventures into developing its own or a Client’s UI/UX design; software, website, pen-testing, and mobile application development. As Investors We invest in and acquire start-ups dealing in our domain, across the globe, with a view of bolstering the p... read more about Lafont Innovation LLC
winklix is software development company servicing startups, SMBs & Fortune 500 firms worldwide with specialized technology solutions. Winklix has designed , developed and integrated many solutuion such as SalesForce , SAP , mobile app development , custom software development , ERP/CRM development and more
N-iX is an Eastern European IT service provider with 900+ expert software engineers on board that power innovative technology businesses across North America, UK and Europe. Since 2002 they have shaped strategic partnerships with Canada’s largest software company OpenText, one of Europe’s fastest growing mobile companies Lebara, an innovative fintech leader Currencycloud, the US inflight connectivity provider Gogo, and over 100 other medium and large-scale businesses. With development centers in Ukraine (Lviv, Kyiv), Poland, Bulgari... read more about N-iX
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 you an online presence with a strong mobile interface. Our services are tailored to build targeted traffic to your website & mobile app to grow your business.
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 information technologies. Relying on our thought leadership, they get solutions that enable rapid implementation of their development strategies and lead to superior business results.
Rams Creative Technologies Pvt Ltd is one of the leading Web and Mobile Company across India & USA. With more than 1500+ happy customers worldwide, and having delivered successful web solutions, we are constantly focusing our efforts towards achieving client satisfaction and building a long-lasting business relationship over the past 5 years. We have served multiple industries, regardless of size and scale providing customized and fully functional web solutions that are highly efficient and affordable in cost We Have Developed Web Sol... read more about Rams Creative Technologies Pvt. Ltd.
Advanced Software Development (ASD) is a custom Travel&Hospitality software vendor. For 12+ years ASD has been the reliable partner for Financial and Travel&Hospitality companies and startups. We have been delivering varied web apps meeting our clients' current software engineering challenges and mastering the hardest tasks. Our team strong background allows solving the most complicated puzzles requiring original preliminary researches.
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. With everything in hand, it becomes easy for our clients to set up their ODC (Offshore Development Center) in India. This approach empowers our clients to run their web or app development operations smoothly. Our cost-effective, resu... read more about Your Team in India
We love to work with people who challenge what’s possible – entrepreneurs, community leaders, visionaries and executives. We ask a lot of questions, a whole lot; and we listen even more. We DO NOT build what you initially ask for... we help you Re-Define & Re-mould your vision into a provenly viable product that's based on data driven decisions, human centred design and innovative Technology. At our core we love working with Fortune 500's, Startups and Non-profits in creating amazing digital experiences from concep... read more about Bitibe Technologies Pvt Ltd
The India Blockchain Alliance was established with the purpose of mutual assistance in the field of business development, networking, cooperation and a joint approach to defending the interests of the members of the alliance. It also seeks to raise awareness of the importance of the blockchain technology among the professional and lay public, and, therefore, organizes various events and training courses. It also cooperates with the government authorities in the field of the relevant legislation. The India Blockchain Alliance will be a ... read more about India Blockchain Alliance
ThinkTub Interactives (OPC) Private Limited (ThinkTub), the first IT Developments and Services company who pledge the utilisation of AI powered technologies. ThinkTub is one of India's young digital services and solutions provider. ThinkTub offers a comprehensive suite of web services spanning business automations, analytics, prediction and forcasting, data processing, mining, digital payment solutions, server and Db managements and custom software developments to individuals, clients, enterprises, corporations and governments in both domes... read more about ThinkTub Interactives (OPC) Private Limited
We are the fastest growing Technology Solutions company in Latin America. Our applicant pool is the largest in the industry: over 1.2 million Software Engineers apply to work with us each year, and we hire only the Top 1% IT Talent, creating solid teams of 100% bilingual veteran developers. We provide end to end delivery for companies of all sizes, from startups to some of the biggest companies in the world, including Google, Rolls-Royce, Pinterest, EY, SiriusXM, Motorola, ViacomCBS & Chime, among others. The heart of... read more about BairesDev
Chetu is a global provider of software development solutions and support services. Chetu's specialized technology and industry experts serve startups, SMBs, and Fortune 5000 companies with an unparalleled software delivery model suited to the needs of the client. For more client-based Chetu reviews detailing our superior customer service and expertise, check http://chetureviews.com/
WorkLooper is a reputed website & mobile application development company based in India. We can smoothly convert your imagination into a phenomenal website and app along with the user-friendly approach. Our dedicated teams develop the hand-coded, cross-compatible and responsive Website solutions along with the eye-popping visual effects & user-centric functionalities. Our solutions are built and tested to function seamlessly between smartphones, tablets, and even older devices, creating better efficiency and a decrease in costs to yo... read more about WorkLooper Consultants
With the proficient team of dedicated and experienced developers-HourlyDeveloper.io, proffers a wide range of robust and high quality digital, mobile and web solutions. Our developers deliberate to serve clients that are outsourcing IT development projects. Hire developers from HourlyDevelopers.io to give wings to your dreams by getting a competitive edge through the best digital products! Our developers embrace new technologies and tools to offer you the best scalable IT solutions.
Acropolis is a leading global IT solution and business consulting company that helps clients transforming their ideas into reality by offering software development services with agile methodology in the areas of web-based enterprise solutions, web application development, mobile application development, portal development, eCommerce, IoT, Blockchain, Artificial Intelligence, AR/VR, digital marketing, public relations & communications and global business consulting. Considering our solid business domain experience, technical expertise, pr... read more about Acropolis Infotech Private Limited
AgileTech Vietnam is a quality software company in Website/Mobile Apps, Blockchain Services, AI - Big Data Services. With a talented team and lean process, we have built many products and become the technical partner for startups in whom millions of US dollars were invested. For websites - mobile apps, we have built e-commerce, travel, healthcare, real estate, Uber for X, VR - AR apps & website. We are technical partners of Luxstay (considered as Airbnb Vietnam), the top 5 e-commerce platforms in Vietnam, Uber of X startup who has t... read more about AgileTech Vietnam
ICOCLONE is a prominent name among the best ICO Software Development Company. We understand your target audience, analyze your requirements and build an advance blockchain driven platform. We have an experienced team of professional Blockchain Developers who have worked with clients across the world over the years. We develop a professional platform that keeps your business layer attached are always a point of development. The blockchain is one of the most innovative technologies that offer wide diversity and application. ICOclone, th... read more about ICOCLONE
- 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.