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. Blockchain technology was initially limited to the 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:

Top Blockchain Development Companies
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List of Blockchain Companies | Top Blockchain Developers

  • Unicsoft

    Top 1 AI & Blockchain Development Company
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    Unicsoft is a trusted technology consulting company, delivering AI and Blockchain solutions to drive business outcomes for startups and enterprises.  The Unicsoft team has deep expertise in: Machine Learning, Natural Language Processing, Computer Vision, Blockchain, Big Data, Data Science, Data ... learn more about Unicsoft

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    $50 - $99/hr
    50 - 249
    2005
    United States, Singapore
  • Aspired

    Elite. Remote Team. On-Demand.
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    Aspired helps its clients hire and build a remote autonomous dedicated team by carefully selecting the elite from the global pool of talent.  Our team of experts identifies new & emerging tech hubs and pair our top engineers with teams engaged in solving thought-provoking problems. We provide complete opera ... learn more about Aspired

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    $25 - $49/hr
    50 - 249
    2020
    United States, United Arab Emirates
  • SoluLab

    Blockchain | IoT | Mobility | AI | Big Data
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    One of the top blockchain development companies with over 50M+ active users for their apps and an industry-competitve 97% customer success score. SoluLab has partnered with Fortune 500 enterprises to high-growth startups including Walt Disney, Goldman Sachs, Mercedez Benz, University of Cambridge, Georgia Tech, and mor ... learn more about SoluLab

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    $25 - $49/hr
    50 - 249
    2014
    United States, India
  • ELEKS

    Your Technology Partner for Software Innovation
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    ELEKS is a Top 100 Global Outsourcing company. We partner with enterprise clients and SMEs to elevate their value through innovative technologies. Our 2,000+ experts, located across Europe and the US, provide our clients with a full range of software services. These include custom software development, produc ... learn more about ELEKS

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    $25 - $49/hr
    1,000 - 9,999
    1991
    Ukraine, United States
  • Cubix

    Award Winning Software Development Company
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    Welcome to Cubix! We are excited to see you on our profile. Cubix is a leading mobile app, games and enterprise software development company! – expert in development, customization and integration of complex enterprise-level solutions, business intelligence analytics, advanced web and mobile solutions. With ... learn more about Cubix

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    $25 - $49/hr
    50 - 249
    2008
    United States, United Arab Emirates
  • Labrys

    Blockchain Consultants and Developers
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    Labrys is a global leader in blockchain product development. We design, develop and launch products using blockchain technology. We don’t just build on-chain, we develop all supporting infrastructure to enable any Web 3.0 solution. We Shape the New World. We’ve helped startups, enterprises, governments, ... learn more about Labrys

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    $150 - $199/hr
    10 - 49
    2017
    Australia, United States
  • Idealogic

    End-to-end custom software development
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    We are Idealogic  Idealogic is a full-cycle software development firm with strong expertise in product design, custom software development, QA assurance, and post-release support in Fintech, Logistics, Retail, and Business Intelligence areas. We are focused on the partnership with startup founders and entrepren ... learn more about Idealogic

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    $50 - $99/hr
    50 - 249
    2016
    Ukraine, Estonia
  • Quytech

    Mobile App/AI/Game/Blockchain Development Company
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    Quytech is a trusted Mobile app, AI/ML, Blockchain and Game development company with over 10 years of experience that help startups to take their first step in the right direction. We leverage the latest technology to shape your mobile app idea into reality. Our developed applications are appreciated for ... learn more about Quytech

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    < $25/hr
    50 - 249
    2010
    India, United States
  • OpenXcell

    Leading Mobile App Development Company
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    Incorporated in 2009 and headquartered in the USA, OpenXcell is a leading resource hiring and software solutions development company known for providing the top 1% talent in the IT industry, with highly skilled resources of over 10 years of domain experience. Our inimitable talent recruitment practices ensure the best ... learn more about OpenXcell

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    < $25/hr
    250 - 999
    2009
    United States, India
  • BrancoSoft is an established software development company with an enviable & proven track-record engaged in providing application development services, technology consulting and IT outsourcing solutions to clients worldwide. Started in the year 2011 as Thoughtwaver IT solution is a software development company w ... learn more about BrancoSoft Private Limited

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    < $25/hr
    50 - 249
    2015
    India, Canada
  • FutureComes

    Backend & frontend solutions that simply work
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    We build and design complex, high performance digital solutions that stay ahead of the rapidly changing pace of the industry. Since you pinpoint what you need, be sure we have a comprehensive approach to the full development cycle.

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    $100 - $149/hr
    50 - 249
    2012
    Estonia
  • Inmind IT Solutions

    Where Your Ideas Become Real
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    inMind is a Software Factory that provides outsourcing mobile software solutions, for local companies as well as for international corporations. Our main idea is to identify our customers needs and provide them Software Engineering Services that could resolve their problems. The notion that idealizes our endeavor is ... learn more about Inmind IT Solutions

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    $25 - $49/hr
    2 - 9
    2008
    Uruguay
  • BitFury

    Leading Blockchain Development Service Company
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    Bitfury is the leading full service Blockchain technology company and one of the largest private infrastructure providers in the Blockchain ecosystem. Bitfury develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset ... learn more about BitFury

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    $50 - $99/hr
    50 - 249
    2012
    Netherlands, United States
  • Bitswift

    Bitswift Technology Solutions
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    The team behind Bitswift is passionate about emerging technologies and their capabilities. We provide technology solutions for businesses and individuals increasing their productivity, profitability and enjoyment. We provide responsive and reputable remote support. Call Bitswift to receive a session key to establish yo ... learn more about Bitswift

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    $25 - $49/hr
    2 - 9
    2017
    Canada
  • Block Cypher

    BlockChain Web Services
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    Block Cyper is based in California and provides BlockChain services. Our architecture allows us to run in multiple data centers for redundancy and low latency. Simple and easy web APIs enable developers to build blockchain applications quickly and confidently. Our modular, cloud-optimized architecture is enterprise-gra ... learn more about Block Cypher

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    $25 - $49/hr
    10 - 49
    2012
    United States
  • AlphaPoint is a financial technology company helping make illiquid assets liquid. It enables customers to launch new products and services by providing institutions enterprise-grade blockchain solutions to digitize assets, launch markets, and reduce operational costs. AlphaPoint has customers across 5 continents with o ... learn more about Alpha Point

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    $25 - $49/hr
    10 - 49
    2013
    United States
  • Blockstream was founded to develop new ways to accelerate innovation in crypto currencies, open assets and smart contracts. We're renowned architects of Bitcoin, cryptographers, cypherpunks, entrepreneurs, as well as leaders from the business, policy and the open source community. We believe in the potential of bit ... learn more about Blockstream

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    $25 - $49/hr
    10 - 49
    2014
    United States, Canada
  • Bloq

    Blockchain + Beyond
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    Bloq delivers enterprise grade blockchain technology to leading companies worldwide. Blockchain-enabled technology is changing the way companies approach commerce, trading, transparency, security, identification, supply chain, auditing and so much more — the most significant and valuable business systems in the w ... learn more about Bloq

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    $25 - $49/hr
    10 - 49
    2015
    United States
  • WE ARE ADDICTED TO GROWTH AND KEEPING ABREAST WITH THE TRANSCENDING TRENDS OF TECHNOLOGY.  Care for business-growth? Work with inventive thought-leaders. Get high-performance, profit-attracting and custom web solutions and mobile apps. Take your ideas to the new level. We let your brand create niche product and ... learn more about UpperThrust Technologies

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    < $25/hr
    2 - 9
    2016
    India
  • ConsenSys

    Capturing Blockchains
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    ConsenSys is a blockchain venture production studio. Our global team is building an ecosystem of consumer-centric products and enterprise solutions using blockchain technologies, primarily Ethereum. ConsenSys aims to improve current services and concepts as well as building new ways in which we engage with technology a ... learn more about ConsenSys

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    $50 - $99/hr
    50 - 249
    2014
    United States
  • Bitmark

    The property system for the digital environment
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    Bitmark Inc. stands at an important crossroads between two phases of the internet: the Wild West, where bit companies own and exploit the digital lives of millions of people; and a future in which individual users can reclaim their digital property along with all the benefits of ownership. Unfortunately, neither the cu ... learn more about Bitmark

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    $25 - $49/hr
    10 - 49
    2012
    Vietnam
  • Osiz Technologies P LTD

    Web, Mobile App & Blockchain Development Company
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    Osiz Technologies, an eminent Enterprise Web, Mobile App and Software Development Company determined to deliver an absolute software based solutions For Start-ups, Entrepreneurs, Businesses and Industries. Osiz undergoes continuous research and be in constant update with the latest cutting-edge technologies to leverage ... learn more about Osiz Technologies P LTD

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    $25 - $49/hr
    50 - 249
    2009
    India
  • MixBytes

    Blockchain Development On-Demand
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    We meet your business needs and know how to take your project to the next level. We stay on the cutting edge of each service we provide, from blockchain and DApp development to consulting and advisory services. Our team of professionals will guide you through blockchain adoption and integration whether you a ... learn more about MixBytes

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    NA
    10 - 49
    2017
    Russia, United States
  • Technoloader

    A Complete Blockchain Development Company India
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    Technoloader (P) LTD. is a blockchain development company which provides a wide array of services based on blockchain such as blockchain development, supply chain development, cryptocurrency exchange development, cryptocurrency mlm development, dapp development, smart contract development, private blockchain devel ... learn more about Technoloader

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    $25 - $49/hr
    10 - 49
    2016
    India
  • Deqode

    Business challenges, decoded.
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    At Deqode, our purpose is to help businesses solve complex problems using new-age technologies. We are industry leaders in blockchain solutions and we leverage our deep industry knowledge and technical expertise to optimise business processes, maximize impact and foster business growth. We are driven by our passion to ... learn more about Deqode

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

    Strategic partner.
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    S-PRO is an innovation technology partner. We help startups to create innovative products and empower existing businesses with the digitalization of their core processes to much customer-centric economy needs. By partnering with accelerators Founder Institute, Sente.Link, BCCS Cluster and others we help our clients to ... learn more about S-PRO

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    $50 - $99/hr
    50 - 249
    2014
    Poland
  • ValueCoders

    ON-DEMAND SOFTWARE TEAMS
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    ValueCoders has been providing IT Outsourcing Services Worldwide. We combine Business Domain Knowledge, Proven Methodologies, and All the Latest Technology, With 450+ Well Trained Software Professionals to Deliver High-Quality Solutions that Add Value to Your Businesses. From Startups to Enterprises, Pro ... learn more about ValueCoders

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    < $25/hr
    250 - 999
    2004
    India
  • Antier Solutions Pvt. Ltd. is a blockchain development company offering solutions like cryptocurrency exchange and wallet development, P2P lending platform development, ICO/STO/IDO, coin development, crypto banking solution, DeFi development, NFT development, and more. The cross-functional team at Antier supports yo ... learn more about Antier Solutions

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    $25 - $49/hr
    50 - 249
    2005
    India, United Kingdom
  • Bitdeal

    Enterprise Blockchain Solutions
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    Bitdeal - Leading Enterprise Blockchain Solutions Provider offers A to Z blockchain-based services & solutions to 20+ industries. We have 200+ blockchain experts who are skilled in all new technologies and trends such as Blockchain, Cryptocurrency, and NFT. Some of the key services of Bitdeal includes cryptocurren ... learn more about Bitdeal

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    $25 - $49/hr
    50 - 249
    2015
    India, United States
  • TechGropse is a Mobile App Development Company with a strong team of highly skilled IT experts. Being a leading Mobile App Development Company, We have developed extended expertise in developing Native Mobile Apps for various segments. The company also develops cost-effective Hybrid Mobile Apps ... learn more about TechGropse Pvt. Ltd.

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    < $25/hr
    50 - 249
    2015
    India, United States
  • Xord

    Aspiring to build an honest world
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    Xord is a state-of-the-art blockchain development company creating the most powerful products and services for the biggest companies across the world. From creating the world's first token studio to the flashstaking protocol - which basically provides you the option of earning upfront yield on your crypto dubbed as ... learn more about Xord

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    $50 - $99/hr
    10 - 49
    2019
    Pakistan
  • SAG IPL

    Web, Mobile App Development & SEO Company
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    SAG IPL is an ISO 27001: 2003 certified full-service IT company based in India, particularly known for app and website development. Since its inception in 2010, the company has been engaged in offering comprehensive mobile app development, web development, digital marketing, ICO and cryptocurrency development services ... learn more about SAG IPL

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    $25 - $49/hr
    250 - 999
    2010
    India, Australia
  • SotaTek

    Leading SDaaS & Blockchain Development Company
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    SotaTek is a part of Sota Holdings, a global Software Development as a Service (SDaaS) & IT Consulting group with 7 international offices in Vietnam, the US, Australia & Japan. We deliver sustainable App), , ,  with success guaranteed. With Software Development &&n ... learn more about SotaTek

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    < $25/hr
    250 - 999
    2015
    Vietnam
  • HoC Solutions

    360° Solutions of Blockchain Business Initiatives
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    HoC Solutions is a USA-based blockchain development company with a solid background of developing innovative and result-oriented software applications and mobile apps. We primarily focus on helping businesses turn their dreams and imagination into a profitable reality by drawing up a feasible blockchain project develop ... learn more about HoC Solutions

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    < $25/hr
    10 - 49
    2017
    United States, Qatar
  • Established in 2000, CDN Solutions Group is a leading Software, Web and Mobile App development company in USA, AU, and India. We are an ISO 9001:2015 certified IT Solutions Provider company delivering innovative services. Innovative web & mobile business strategy, Agile solution development, Rich design, Protr ... learn more about CDN Solutions Group

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    < $25/hr
    250 - 999
    2000
    India, United States
  • Agile Infoways is one of the leading IT solutions & services provider company. We have strong competencies in Mobile App Development, Web App Development, Blockchain, AI, ML, AR/VR, UI/UX  and more. We have 13+ years of global presence in the USA, Canada, Australia, UK, European countries & India for de ... learn more about Agile Infoways Pvt Ltd

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    < $25/hr
    250 - 999
    2006
    United States, India
  • Sfxdx

    We are outsourcing software development agency
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    Creating groundbreaking technological blockchain solutions and protocols: - We are developing cryptocurrencies and tokens based on your preferences, building something absolutely new, or using existing solutions, based on the most popular blockchains such as Bitcoin, Ethereum, Solana, Cosmos, Tron, Fantom, Avalanche ... learn more about Sfxdx

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    $50 - $99/hr
    50 - 249
    2015
    United Arab Emirates
  • Parangat Technologies

    Mobile App Development Partner
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    Parangat Technologies stands tall amongst mobile app development giants. Parangat team of top iPad developers pays special attention to communication and requirement analysis in order to understand project complexity which leads to the foundation of a great application/game and helps in creating long term value for the ... learn more about Parangat Technologies

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    < $25/hr
    50 - 249
    2010
    India, United States
  • We develop elegant blockchain solutions and platforms to empower successful businesses into new technology spaces. Every once in a while, a revolution comes along that changes everything as we know about this world. It was the computer in 1940s, the microprocessor in 1980s, the internet in 1990s and now it is the ag ... learn more about BirthVenue Growth Solutions Private Limited

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    NA
    2 - 9
    2018
    India
  • ArStudioz

    We believe in transforming your dreams
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    ArStudioz is a best-in-class software solutions company that develops user-friendly Mobile Apps and software to help you increase engagement, transactions an overall satisfaction with your customers! We develop across all platforms—including Android and iOS devices, tablets, desktops, connected devices, IoT, Augm ... learn more about ArStudioz

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    < $25/hr
    10 - 49
    2017
    India, Germany
  • Quest Global Technologies is a leading software development organization that works on Blockchain, customized ERP, Mobile Apps, Salesforce and Web Development. Quest Global Technologies has been rated as TOP Blockchain Development Company by various publication houses like Enterpreneur.com, Yourstory, Insight Success M ... learn more about Quest Global Technologies

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    $25 - $49/hr
    50 - 249
    2013
    India, United States
  • DxMinds Technologies Inc

    Product Engineering & Offshore Development Company
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    We are DxMinds Technologies, the fastest growing digital transformation company. We have our offices set up in the silicon valley of USA, India, Peru, UAE, and Australia. We master the art of developing cutthroat digital products and solutions leveraging state of the art technologies and best industry practices. Our in ... learn more about DxMinds Technologies Inc

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    $25 - $49/hr
    250 - 999
    2018
    United States, India
  • RWaltz Group Inc.

    Pioneering Blockchain & Web Development Company
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    RWaltz Group Inc. is believed to be one of the popular providers of Blockchain Application Development in the USA, India. The professional organization is firmly organized in such a way to offer progressively acquirable outcomes and solutions for use in a variety of businesses, encountering problems in the informa ... learn more about RWaltz Group Inc.

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    $50 - $99/hr
    50 - 249
    2000
    United States
  • Ekoios Technology

    Blockchain・Application Development・Web development
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    We are a Global Blockchain, AI and Software development company based in Vietnam and Japan. With the State Of Art Technologies like AI chatbot, Cloud services, Mobile App Development and Blockchain, we constantly engage and consult our customers to transform businesses through our domain experience and t ... learn more about Ekoios Technology

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    $25 - $49/hr
    50 - 249
    2015
    Vietnam, United States
  • Debut Infotech is a full-service software development organization that leverages Blockchain, IoT, AI, DevOps, Cloud and other cutting-edge technologies to develop highly intriguing & intuitive software applications that cater to the diverse needs of modern-day businesses. Since 2012, we&rsqu ... learn more about Debut Infotech

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    $25 - $49/hr
    50 - 249
    2011
    India, United States
  • Accubits

    AI & Blockchain focused development company
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    Accubits Technologies is a full-service software provider offering product development and digital transformation services to Governments, Tech startups, Fortune 1000 companies, and Businesses. Accubits helps organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms. ... learn more about Accubits

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    $25 - $49/hr
    50 - 249
    2012
    India, United States
  • Errna.com

    Crypto | ICO | Exchange & Blockchain Software
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    Errna is a leading technology company specializing in the areas of niche technologies like blockchain consulting and development, cryptocurrency exchange development, smart contracts application development, digital tokens creation, ICO launching, and other related solutions. We have been helping businesses from all ... learn more about Errna.com

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    $50 - $99/hr
    250 - 999
    2015
    United States
  • Knackroot TechnoLabs LLP

    Blockchain Development Company
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    Knackroot TechnoLabs is an IT consulting and solution provider of next-gen business collaborate with customers across the world. With tremendous experience, comprehensive intelligence system across diverse industries and domains, we work with customers to turn them into most successful and high-performance organization ... learn more about Knackroot TechnoLabs LLP

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    $50 - $99/hr
    10 - 49
    2017
    India
  • Smartym Pro

    Blockchain, Mobile, Web innovative development
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    Smartym Pro is a full-cycle development company specialized in Mobile, Web and Blockchain development. The company has strong development culture and focuses on innovative solutions, using cutting edge technologies and frameworks. Smartym Pro is based in Belarus and has offices in some European countries ( ... learn more about Smartym Pro

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    $25 - $49/hr
    50 - 249
    2012
    United Kingdom, Belarus
  • Prolitus Technologies

    Blockchain | Crypto | ERP | Digital Transformation
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    Founded in 2007, Prolitus Technologies is an ISO 9001 & ISO/IEC 27001:2013 certified company offering IT consulting, design and development services and dedicated IT teams to its customers. We are working on futuristic technologies like Blockchain, RPA, AI and ML, IoT, Business Intelligence along with the complete ... learn more about Prolitus Technologies

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    $25 - $49/hr
    250 - 999
    2005
    India, United States

Buyer’s Guide

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.

1. Ethereum Blockchain

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.

2. Hyperledger

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.

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 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.

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 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. 

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, 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.

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, 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.

Cost: 

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.

2. Exchange

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.

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 & 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?

1. Elections:

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.

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 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:

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 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.

2. Budget:

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.

4. NDA:

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.

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