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
Miri is a one-stop solution for software-based solutions. Founded in 2003, we are a IT Service provider, agile tech-solution developer with big capabilities. We're helping hands to offer the best IT solutions with increased productivity & greater insights. We create solutions to make your business, job, and workflow better. Additionally, we offer custom technology solutions—so whether you need software, applications or websites developed or customized, we can always help. As an IT consulting firm, we also offer a number of pre-mad... read more about Miri Infotech
CodeCoda is an innovative global IT and BPO services, solutions and Advanced Software Development provider, in one of the fastest growing industries worldwide. We were founded by IT Veterans to provide a stable way of working for themselves and being true to their understanding about true customer dedication and technical excellence. Headquartered in Dublin, Ireland and with a production facility in Plovdiv, Bulgaria, CodeCoda provides reliable IT Outsourcing services in a variety of high-tech technologies, ... read more about CodeCoda Ltd
Pulsehyip is the best Cryptocurrency & Blockchain Development Company in India. We provide eminent business solutions like Cryptocurrency Exchange, Crypto Wallet Development, Hyperledger Blockchain Development, Decentralized Exchange (DEX), ICO Development, Ethereum token Development like ERC20, ERC223, ERC721, Crypto Coin Creation, Bitcoin Mining, Bitcoin MLM software
Start preparing for STO in a week with a professional blockchain development team. We have real experience in the following platforms: Ethereum, Stellar, Hyperledger, EOS We developed the world’s first platform for real business assets tokenization on Stellar that raised 1,700,000$ ! SheerChain is a custom software development company and a trusted IT outsourcing provider for our clients worldwide. Combining the latest technology with our deep expertise in various fields, we deliver software solutions tha... read more about SheerChain
We help systems integrators to fill vacancies using remote staffing. We help company complete DLT, Blockchain and Mobile projects. We help startups get ready to find capital, by creating necessary software infrastructure.
Winterwind is a blockchain-specialized website and app development agency based in San Francisco, California and employs a team of Filipino developers and graphic designers. We are a Laravel, cryptocurrency and payments focused software agency, managed by senior software engineer Anthony Vipond. In 2017, Anthony was the lead developer of LoyalCoin, the first cryptocurrency from the Philippines. Winterwind has a physical office in Manila, Philippines and employs a team of more than 25 people. We have an impressive list of clients which i... read more about Winterwind Software Services
Venture Aviator is an innovative software development company. Venture Aviator has capabilities in Web Development, Mobile Development, Blockchain Development, Full-Service Initial Coin Offering (ICO) advisory & cryptocurrency launches, and Artificial Intelligence. Venture Aviator was recently named as one of the Top Custom Software Development Companies by GoodFirms and Clutch for 2017. Clients range from Fortune 500 companies like Allianz and Cisco to award-winning startups and top Blockchain companies and ICO's (I... read more about Venture Aviator
Ionixx Technologies is a full-spectrum development firm that specializes in mobile, web and blockchain technologies. Our team of over 80 designers and developers have expertise in iOS, Android, Web, Server-side technologies and Blockchain. We work with startups and fast-growth companies as a technology execution partner. We operate out of the San Francisco Bay area, Los Angeles, Toronto and Chennai, India where we have a development center.
Digital Securities Tokenized Assets Sharkaroo is able to offer project management and governance to your digital securities offering. Our goal is to make this as pain-free of a process as possible, at a time-frame that is quicker than standard offerings with the cost of capital that is as good or better than what you will find via traditional sources. Typical costs range between 2.5% & 12% depending upon the specifics of your project. The large variation is due to broker-dealer marketing your issue directly or simply managing the t... read more about Sharkaroo
Velmie is a team of passionate tech-nerds and experienced business advisors with access to bleeding edge technology, training and strategic business insight that position us at the forefront of the industry. We’re a team of technologists laser-focused on delivering companies a competitive advantage through technology. And we love what we do. From Fortune 500 companies to budding startups, our goal is to apply our technical expertise to build systems that make your business more efficient, agile, and ultimately, profita... read more about Velmie
NordWhale is progressive IT company that provides a full range of services in the field of blockchain and software development of any complexity. We develop custom blockchain solutions and smart contracts for all types of clients, from enterprises to startups. We have experience in all stages of blockchain development including the core, the sever level, and web and mobile interfaces. Our professionals will help you achieve maximum performance at a minimal cost by offering custom solutions and challenging approaches. Also, our talented t... read more about NordWhale
Cloud MLM Software comes with the best responsive dashboard. It can fit to any screen size using advanced responsive techniques combined to its core. Cloud MLM Software makes use of advanced responsive techniques for cross browser compatibility which offers multiple device compatibility. Mastered in responsive designing and advanced browser techniques who takes care of issues related to designing and revamping the UI of Cloud MLM Software.
We Build Dedicated Agile Software Development Teams to Deliver Cloud Applications In over 8 successful years of business and with the help of 50+ fantastic team members Vaival has perfected its sole dedication: to deliver Offshore Agile Software Development Teams. We have worked with businesses of all types and sizes from all around the world, from independent startups and agencies to software product development companies, enterprise ventures and much more. They all came to Vaival with a simple request – to simplify their outsourci... read more about Vaival Technologies
Espay is the technology partner for businesses that want to disrupt the cryptocurrency market with innovative technology. Our cryptocurrency exchange development services are designed after careful observation of the future of cryptocurrency and the continual evolution in the crypto trading sphere. We provide end-to-end solutions for the development of centralized exchange, decentralized exchange, P2P exchange, Security token exchange, Equity/Forex exchange. Espay Exchange is a leading & specialize in the security token exchange, forex e... read more about Espay Exchange
We are a small but ambitious company from Siberia. Founded in 2011, today we have a large portfolio of long-term as well as mid-term projects. We are aimed at effective and long collaboration. Visit our website and start our collaboration today!
ZirconTech is a trusted partner helping organizations to thrive in their digital transformations using its expertise in Blockchain technogies, Mobility, IoT, big data and cloud computing. Ensure the success of our customers by providing them with the best solution based on state-of-the-art technology. We are a group of passionate about technology. For more than twenty years we have participated in challenging projects forming multicultural groups distributed in different countries, always working with state-of-the-art technology. In re... read more about ZirconTech
ISHIR is a global diversified outsourced IT services company which brings offshore outsourcing to clients' doorstep.We assist our clients in achieving their business objectives by successfully outsourcing their non-core business processes and functions in the areas of technology and digital marketing.
WebNet Creatives is a leading Creative & Digital marketing agency helping companies focus and grow their business by finding and reaching out to new prospects online through Search engine optimization (SEO), Pay-per-click (PPC), Social Media programs (SMM) along with other marketing strategies.
Indium Software is a technology solutions company committed to delivering exceptional, customer-centric solutions across Big Data Engineering & Analytics, Product Development and Independent QA. We have over 20 years of experience, serving 350+ clients across Startups, Fortune 500 companies and Global enterprises. Since the inception of the company in 1999, we’ve been serving customers in North America, India, APAC, Europe and South Africa. Big Data Engineering - Setup & configure big data platforms, build data wareho... read more about Indium Software
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 customer satisfaction ratio is that Microsoft has chosen us as Microsoft Gold Partner for 2010-11 in India.
Offcoders Solutions is a leading mobile app development and website development Company based out of India. The Company’s portfolio spans from App Consultation, UX-based Design and Development, to the sophisticated SaaS offerings. We, at Offcoders Solutions have also disrupted the field of blockchain development by creating, deploying custom decentralized blockchain applications and infrastructure support to propel your business to new heights. The team at Offcoders Solutions excels in response management and is equall... read more about Offcoders Solutions
ICTS is a Vietnam-based software development boutique that focuses on cutting-edge technologies. Our 30- engineer team specialize in custom CRM/ERP software for businesses who wish to optimize their productivity or develop their e-commerce division. We also build applications for SMEs (small-medium enterprises) and Startups, helping them boost their revenues or visualize their idea into minimum viable and scalable products. As a tech startup ourselves, we understand the struggles and challenges that each entrepreneur faces everyday, so we al... read more about ICTS Custom Software
WoMA Technology Solutions is deeply entrenched in the philosophy of designing and developing client-centric digital solutions. When we develop your app or website, or when we handle your digital marketing, it will be like you yourself doing it. Through a combination of cutting-edge technologies, stunning visuals and out-of-the-box strategy, we will help you establish a digital presence your customers and clients will fall in love with. Being a well-organized and flexible team, we can work on projects that are being started from scratch an... read more about WoMA Technology Solutions
At Ksolves we focus on delivering global business solutions by providing high-quality software and application development services Our performance can be best defined with our achievements: Publicly Traded Company with our IPO launched in July’ 20 (registering more than 300% growth since inception) We are ISO Certified and a NASSCOM Member 8+ years in business, 250+ developers, 550+ Projects, 95% Client Retention and 500+ global clients Registered Salesforce Consult... read more about Ksolves India Limited
We are a cutting-edge team that redefines the way people work. Forming meaningful and personal relationships with our clients is very important to us. We cooperate with clients' developers or work as an independent, self-sufficient team. We are capable of going far beyond single apps. We strive to solve the most complex problems and empower our clients and teams to develop exceptional products. Whether you want to develop an amazing app, hire an excellent dev team or get help on your tech architecture, we are here for you. ... read more about Aurity.co
One of the best startups cybersecurity companies in United Arab Emirates (UAE) and Dubai. Building real-time intelligence and cybersecurity solutions, products, and services.
Try Codnet is a Fintech Software House & Marketing Agency in the blockchain industry. We are the first company in the world, that combine marketing solutions with software development. Your business goals are the most important thing for us. Thanks to our huge experience and knowledge about Fintech & Blockchain industry, we know, how to deliver the best solutions for you. We want to change your future through developing, improving and optimising your idea or project.
Peerbits is a global IT solution company delivering web development, mobile application development and IT consulting services of any complexity to clients worldwide. Peerbits has a strong team of 50+ highly skilled IT experts. Peerbits carries trust of more than 200+ clients spread across diverse business verticals.We are committed to excellence through the systematic and disciplined process. Our expertise guarantees quality, competence and rapid execution of any projects ranging from mid-sized portals to complex app development and ... read more about Peerbits
Panacea Infotech Pvt. Ltd. is a leading edge custom software development, web and mobile app development company. The company is ISO 9001 and 27001 certified and has 125 plus professionals working from its Pune head office. Since inception Panacea has focused on understanding and delivering custom applications as per its client's requirements, hence it has become a trusted partner for hundreds of satisfied clients.
SemiDot is one of the top-rated Web & Mobile app development company across the USA & India. Our ideology is to excel in what we provide as custom services, tailored specifically for each of our client’s needs. We strongly believe in the client's first approach and will prioritize to develop your application in the latest technology, and in the least possible time. What makes SemiDot infotech different isn’t the 500+ successful applications that we delivered since our inception, it’s how happy each of our... read more about SemiDot Infotech Pvt Ltd
We are custom web and mobile app development company which help entrepreneurs, business owners and investors to launch their market disruptive ideas to streamline their verticals using technology solutions.
We are a team of passionate design-thinkers, curious product strategists, innovative digital transformers and certified solution architects. You’ll see we are focused on your product’s outcome, not project output. Your growth is the key to our success - it means thrilling your customers and your bottom line. Our experience spans over 200 commercial mobile apps for startups and mid-size businesses.
OBLIQ Labs offers its clients world-class Services for Web Development, Mobile app development & Software Development., Enterprise Web Solutions and Hosting. Our emphasis on UX/UI makes our product and websites far more user friendly and competitive than most of the offshore developing companies in the world. We have mostly sourced new business through our client referrals, which is a testimony to the quality and efficiency that we work with. We draw our competitive advantage by being exceptionally cost effective. The company is capable of ... read more about Obliq Labs
Arthonsys is a one stop solution for all your software development needs. From concept to development, to marketing and ongoing maintenance, Arthonsys delivers. No matter how diverse or complex the project is, Arthonsys is capable of providing you with an application that suits your needs with the least amount of effort on your part. Having won the several awards as top development company and ISO Certified using best practices, we are confident our team of experts can deliver. We are confident because of their years of global experience in sof... read more about Arthonsys Technologies
AppClues Infotech was established on the idea of developing mobile applications that are user-centric and captures the imagination of our clients. Through our best-in-class features and high-end functionalities, we empower our client's business to achieve new heights of success. We are a global firm established across 3 countries but we work for clients all across the globe. We customize our mobile app development services as per the client’s business requirements. We have expertise in developing mobile applications for di... read more about AppClues Infotech
We are a progressive and dynamic IT service company that has creatively operated within the international market of web & mobile development since 2007. Our main focus and expertise lie in filling the technical void that barges you and your team’s online growth. We have immense experience in working on a varied genre of technologies. We always look forward to learning latest technologies and provide very high-quality services. A few of our specialties are below but we are not limited to just these: Our front-end developers ar... read more about Chrishan Solutions
We strive to build products for Global Startups/Mid-sized business and be a part of their success story. We love Startups, we understand them. We understand the life of high ambitions, scarce resources, limited time and an unparalleled excitement. Expert in Blockchain development, Smart contracts, Cryptocurrency, Golang, RoR, Laravel, Symfony and a few open source platforms, we always adapt globally accepted validations and standards to provide a better user experience with ultimate outcomes. Every project we undertake receives careful atten... read more about Agira Technologies
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 European and American companies choose us as their reliable partners. We suggest thinking about marketing and sales of your product first and only then proceed with the technological solutions. This way you will lower the risk f... read more about Technorely
Synsoft is a full-stack Web and Mobile App Development company, and has now carved itself a niche position in customised Blockchain App development. We offer an entire gamut of software development services to our customers operating across industries. Bringing together decades of domain expertise, we create the best-in-the-industry enterprise IT solutions to drive your businesses in the e-market. Tech Stack: React JS, React Native MEAN Stack : MongoDB, Angular, Express, Node Js .NET Technologies: Asp.net MVC, Web API, SQL Ser... read more about Synsoft Global
404 is a software boutique based in Buenos Aires with 7 years of experience. We are a solid small team composed by 11 experienced professionals on web & mobile development, UX / UI design, and product discovery / definition. We are obsessed with product internal and external quality, from simple and elegant code, to flows and user interfaces.
Efficient. Agile. Reliable. Collabor8 is a boutique IT services company focused on customer success and satisfaction. We use an amazing combination of strong and experienced R&D management and top European technical talents. We bring offshore development cost to a local team experience. Collabor8 provides organizations of all sizes with the best, most trustworthy R&D solutions. In the ever-evolving technology market, we believe that companies need reliable allies who can guide them through the challenges that a... read more about Collabor8
RareDevs is an end-to-end IT solutions and digital marketing services provider. We are based in Ahmedabad and we lend support to our clients in Web Design & Development, Mobile App Development, Social Media Marketing, Branding, SEO, Content Marketing, and Graphic Designing. Our aim is to help our clients grow and succeed in the competitive online space by understanding their brand and unique requirements and providing them with actionable digital marketing strategies and well-informed web design and development. Having over 4 years of ex... read more about RareDevs Innovations LLP
We have been providing IT services in different countries from the last 5+ years, offering professional services such as App Development, Website Development, E-Commerce Development and UI/UX Design. Having 5+ years experience in the Application and Website development services, WebClues Global has become a one-stop solution provider empowering small to large enterprises achieve their business goals. With the offices in USA, UK, Canada, and Development Center in India, WebClues Global offers sufficient, Cost-effective and qualitative solu... read more about WebClues Global
About Company Inspiratech is a next gen digital transformation, technology consulting, enterprise IT and product engineering services company, that helps customers to become smarter, highly productive, nimble and better at predicting the future. Leveraging our extensive deep industry and business process expertise, passion for customer excellence, and proven global IT services delivery model and network. We offer best of the breed offerings for Industry verticals like Education, Healthcare, Life Sciences, Networking, Telecom, Hi-T... read more about Inspiratech Web Solutions
TroonDX is a SAAS enabled all in one Blockchain, AI and Data Engineering Platform that enables Independent Software Vendors, Enterprises or Government entities to rapidly implement their business models on Blockchain using its Flexible and intuitive framework - which also couples the power of decentralization with an ability to perform low latency data analysis. This enables its clients to reach new business goals and achieve greater efficiency with marginally less cost and time spent.
Web Daytona is a Florida based digital marketing agency. We believe sustainable growth starts with a strong marketing foundation. Web Daytona is committed to using the best practices and staying on top of the latest innovations in digital marketing. Whether it’s organic SEO, paid advertising campaigns, new ways to improve search results, or better ways of connecting on social, we are constantly looking for the newest and most innovative ways to connect your brand with an online audience. Founded in 2009 by Gary Vela, a Peruvian born entre... read more about Web Daytona
Abto Software is a full-cycle custom software engineering company delivering AI solutions for the CTO offices of Fortune 500 companies worldwide. Since 2007, we have been earning the status of a trusted long-term software development partner for our customers in North America and the EU with high-quality delivery and business continuity.
Cliffex Software Solutions had a clear goal from the beginning and that was to help our clients create amazing products for mobiles and to help them achieve their corporate objectives. Since the company was created in 2007 we have always considered innovation in the mobile sphere to be an essential factor and for this reason, we have thoroughly studied and adapted new technologies that have come about during this period with the purpose of developing leading apps in innovation. We began or path developing webs adapted to smartph... read more about Cliffex Software Solutions
SegWitz is a privately owned IT Support and IT Services business formed in Malaysia. Today we’re proud to boast a strong team of developers who thrive on rolling up their sleeves and solving your problems with technology and meeting your business needs. Our vertical solutions expertise allows your business to streamline workflow, and increase productivity. No matter the business, SegWitz has you covered with industry compliant solutions, customized to your company’s specific needs. SegWitz will take away the perception that Te... read more about SegWitz Tech
- 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.