Blockchain technology is getting much attention and popularity in this tech-driven era. Most startups and companies look forward to leveraging blockchain space to develop robust and responsive applications. However, creating a blockchain application is not as easy as it sounds. It requires a lot of expertise and experience. Therefore, hiring the best blockchain development companies to build a custom application is suggested. Here’s a list of top Blockchain development companies to help all our readers in hiring the best blockchain solution providers according to their requirements.
Check out the list of top blockchain development agencies for more insights.
- What is Blockchain Technology?
- Blockchain Development Stats and Facts
- Top Blockchain Development Companies
- How to Choose from Blockchain Development Companies
- How much does it cost to hire Blockchain Development Companies?
- What is the process for hiring top blockchain development companies?
- FAQ (Frequently Asked Questions)
What is Blockchain Technology?
Blockchain technology is a decentralized ledger that records and verifies transactions across several computers. The technology relies on a computer network for validating and storing transaction-related data.
In simple terms, the blockchain is a chain of blocks where each block carries a list of transactions. Whenever a new transaction takes place, it is added to a block. Once the block is filled with the maximum transactions, it is permanently added to the chain.
Blockchain is highly appreciated for being decentralized and secure. The participating blockchain nodes carry a copy of the entire chain, making tampering with data hard.
Blockchain Development Stats and Facts
- The money spent on building blockchain solutions in 2020 was $4.5 billion; it is further expected to touch the benchmark of $19 billion by 2024.
- In 2018, a blockchain protocol set a record for raising a massive investment worth $4.2 billion through an ICO (Initial Coin Offering).
- The number of blockchain wallets has crossed 170 million worldwide.
- Moving securities to blockchain technology can help save $17 to $24 billion yearly in processing fees.
- Using Blockchain, the FI (Financial Institutes) can save up to $12 billion annually.
Top Blockchain Development Companies
Let’s explore our carefully reviewed list of top blockchain development agencies.
1. Octal IT Solution
Octal IT Solution is a leading blockchain app development company with 17+ years of experience that delivers quality mobile apps for blockchain. The blockchain experts at Octal IT Solution can help transform your business by building a custom and responsive solution according to your requirements.
Developers at Octal IT Solution stay updated with the latest trends and advancements to develop innovative and robust solutions. The company offers various blockchain services, from Consultancy to blockchain application development.
Established Year – 2007
Headquarters – Jaipur, Rajasthan
Number of Employees – 51 to 200
Key Services – Mobile App Development, E-commerce and CMS, On-Demand Solutions, Website Designing
Major Clients – IBM, Skype, BMW, Prshots, Oricom
2. Dotsquares
Another name on the list of best blockchain development companies is Dotsquares. Using innovative technologies, the company has been developing custom blockchain applications for businesses across several industries. The team of top blockchain developers at Dotsquares carries years of experience and expertise that is utilized to develop a creative and tailored solution.
Established Year – 2002
Headquarters – London, England
Number of Employees – 501 to 1,000
Key Services – App Development, CRM Implementation, Game Development, Blockchain Wallet Development, Cloud Solutions
Major Clients – Dunkin Donuts, Travelsoon, Ericsson, Virgin Mobile, Airbnb
3. LeewayHertz
One of the top blockchain development agencies, LeewayHertz, has made its way into the list of our top blockchain development companies by carrying a deep understanding of developing decentralized platforms. The company has helped several startups and businesses integrate secure and reliable decentralized blockchain solutions to automate processes.
The custom blockchain solutions developed at LeewayHertz are tailored according to business necessities.
Established Year – 2007
Headquarters – San Francisco, CA
Number of Employees – 51 to 200
Key Services – Blockchain, IoT App Development, Artificial Intelligence, Custom Software Development, Enterprise Grade App Modernization
Major Clients – ESPN, 3M, McKinsey, Johnson and Johnson, NASCAR
4. Markovate
Markovate is one of the leading blockchain service providers with a strong command over blockchain technology. The company is recognized for blockchain wallet development, crypto exchange development, and custom decentralized applications. The top blockchain developers at Markovate leverage the latest technologies to build flawless blockchain applications. Markovate is surely one of the top blockchain development agencies to hire for blockchain solutions.
Established Year – 2015
Headquarters – San Francisco, California
Number of Employees – 11 to 50
Key Services – Artificial Intelligence, Web Design, Blockchain, UX/UI Design, Mobile App Development
Major Clients – FedEx, Kraft Foods, MedME, Writeback, SmartEats
5. CoinFabrik
Another name on our list of best blockchain development companies is CoinFabrik. Since 2014, the company has successfully worked on 200+ Web3 App Development projects. CoinFabrik has been providing its services to start-ups and tech giants. The service list of CoinFabrik includes consultancy, exchange development, and quality analysis.
Established Year – 2014
Headquarters – Ciudad Autonoma de Buenos Aires, Capital Federal
Number of Employees – 51 to 200
Key Services – Blockchain, Smart Contracts, Crypto Economy, Security Auditing, DeFi
Major Clients – Telegram, RNDR, Xapo, Hubii, MuleSoft
6. Chain Labs
Chain Labs is another name in our list of blockchain development companies that is best at offering blockchain app development services. It has single-handedly helped several businesses to integrate blockchain technology for favorable results. Having expertise and a deep understanding of blockchain technology, it can easily design, develop, and deploy a custom blockchain solution according to the defined business requirements.
Established Year – 2021
Headquarters – Pune, India
Number of Employees – 2 to 10
Key Services – Web3 Research, Technical Advisory, Smart Contract Development, Blockchain, Web3 Integration
Major Clients – Primobots, Simplr, Daughter of Blockchain, Block Ape Lads
7. Labrys
Labrys is recognized as one of the leading blockchain development agencies. The company is responsible for planning, designing, developing, and deploying the application. The business requirements are also taken care of by the team of top blockchain developers while building a custom and responsive solution.
Established Year – 2017
Headquarters – Fortitude Valley, Queensland
Number of Employees – 11 to 50
Key Services – Enterprise Blockchain, Smart Contracts, NFT Project Launch, Blockchain Consulting, Cross-Chain Deployments
Major Clients – TracerDAO, NEM, Cloud Nalu, Downer Group, EarthFund DAO
8. Zeeve
One of the top blockchain development agencies that hundreds of blockchain startups and businesses entrust for scaling and deploying Blockchain networks and nodes. The top blockchain developers at Zeeve team promises to build a secure and reliable blockchain space infrastructure. Zeeve has access to all the tools required to build robust blockchain solutions.
Established Year – 2021
Headquarters – Irvine, California
Number of Employees – 51 to 200
Key Services – Blockchain, Web3 Development, Decentralized App Development, Blockchain Nodes Management, Blockchain Consulting
Major Clients – Polygon, bdc, Fluree, Shardeum, Coreum
9. Invoblox
Invoblox has been placed on the list of top blockchain development agencies by developing and launching multiple blockchain solutions. Its exclusive and responsive blockchain solutions have enabled end-to-end traceability of transactions and data. Their services can also be used to create smart contracts to automate transactions.
Established Year – 2014
Headquarters – Pembroke Pines, Florida
Number of Employees – 201 to 500
Major Clients – Wolverinu, Airswap, Analog, MintsClub, Basar.io
Key Services – Blockchain Consultancy, Wallet Development, DAO Blockchain, Smart Contract Development, NFT Marketplace Development
Recommended Read: Metaverse NFT Marketplace Development
10. Infograins
Infograins utilizes its years of experience and technological competence to explore your business and identify blockchain integration possibilities. The experts at Infograins promise to develop top-tier blockchain solutions to boost the growth of your businesses. One of the top blockchain development agencies, Infograins analyzes a business’s demands and develops a tailored blockchain solution accordingly.
Established Year – 2011
Headquarters – Indore, Madhya Pradesh
Number of Employees – 51 to 200
Key Services – Blockchain Development, Cloud Solutions, Web Development, Mobile App Development, SRE (Site Reliability Engineering)
Major Clients – Sliceledger, Bharattoken, Bharatnft
11. Blocktechbrew
Blocktechbrew is a fast-growing smart contract app development company committed to elevating your business solutions with cutting edge technology. Partner with the experts to enter the blockchain space with solutions that ensure transparency and security.
Established Year – 2021
Headquarters – New York, NY
Number of Employees – 51 to 200
Key Services – Blockchain App Development, DeFi Development, Metaverse Development, DAO Development, Blockchain Wallet Development
Major Clients – Passivo, Monir, BharatPe, Crypto eTrade, Fintex, Met Heavens
12. Oodles Blockchain
Having spent years building high-end blockchain solutions for businesses, it is one of the top blockchain development companies. It has helped multiple businesses across various verticals to decentralize, enhance security and transparency to operations. Best minds at Blockchain.oodles harness blockchain technology for building a scalable and decentralized application.
Established Year – 2009
Headquarters – Gurugram, Haryana
Number of Employees – 201 to 500
Key Services – Smart Contract Development, Blockchain Development, NFT Development, Hire DevOps Engineers, Fintech Application Development Services
Major Clients – Sosh NFT, Uhuru, Belrium, A5 Labs, Distinct
13. Pixelplex
Pixelplex has been helping startups and big businesses leverage blockchain technologies and operate efficiently. The DLT expertise of the best minds at Pixelplex enables the development of secure and responsive digital solutions for businesses. Pixelplex also leverages other technologies like AI & ML, AR, VR, etc, to build a robust solution that meets the business requirements.
Established Year – 2007
Headquarters – New York, NY
Number of Employees – 51 to 200
Key Services – Blockchain Consulting and Development, BI Solutions, Machine Learning Services, Custom Software Development, Web3 Products
Major Clients – Microsoft, Oracle, QTUM, Kakao, Intel
14. Evacodes
Another name in the list of the leading blockchain development companies is Evacodes. It has been helping businesses to leap forward in the future through innovative and custom blockchain solutions. Evacodes practices proven methodologies and the latest tech stack to develop a top-tier tailored solution for their clients. The squad of top blockchain solution providers at Evacodes is professional and dedicated to helping businesses achieve their goals.
Established Year – 2019
Headquarters – Kiev, Kiev Obl
Number of Employees – 11 to 50
Key Services – Cryptocurrency Exchange Development, Smart Contract Development, DeFi, NFT Marketplaces, Crypto Trading Bots
Major Clients – Yop Finance, Synesis One, Crypto Nomadic, X528, Moral City
15. Inc4
Last but not least; Inc4 is among the top blockchain development companies that leverages Blockchain space to transform businesses i.e., make them more secure, faster, and robust team of blockchain developers. The Inc4 can develop custom solutions for businesses that meet their requirements and help them automate processes and operate efficiently to stand strong in the industry.
Established Year – 2013
Headquarters – Kiev, Kiev
Number of Employees – 51 to 200
Key Services – Smart Contract Development, DevOps, Full-cycle Product Development, Blockchain App Development, NFT
Major Clients – AirDAO, JerHash, Nextadent, Minerall, Open Forest Protocol
How to Choose from Blockchain Development Companies
Many blockchain development companies are increasing hand-in-hand with the popularity of blockchain technology, making it hard for businesses to filter and pick the best service provider. Thus, here are a few points that can be considered when choosing from the best blockchain development companies.
Fits in your Budget
Blockchain development providers have fixed pricing for their services. Similarly, service seekers also have a fixed budget to avail of the services. Thus, ensuring being on the same page with the service provider regarding the project’s pricing and budget becomes important.
Examine Experience and Expertise
Blockchain is a complex technology to understand and master. Thus, developing an application leveraging blockchain requires expertise and years of experience. Therefore, ensure examination of the knowledge and experience of the blockchain development by interviewing, asking relevant questions, etc.
Have a Look at Their Portfolio
The top blockchain development companies are in the habit of maintaining portfolios. It is the collection of the projects and achievements they accomplished throughout their service years. Thus, checking the portfolio becomes the best option for evaluating the company’s expertise.
Ensure Excellent Reviews and Ratings
Last but not least, check out the reviews and ratings of the bitcoin development companies as they directly represent the quality and reliability of the services. I always prefer a company that has good ratings and reviews. The reviews can be valuable in gauging the worthiness of the company.
Read More: How to Develop a Blockchain Wallet App
How much does it cost to hire Blockchain Development Companies?
The cost of hiring a team of blockchain developers is not fixed. The hiring cost depends on various dynamics like the developer’s origin, app features, app complexity, requirements, etc. The formula to calculate the blockchain development companies’ hiring cost is multiplying the developer’s per-hour charges by the project’s longevity.
Moving forward, the per-hour charges of a developer fluctuate a lot depending upon their location. The top blockchain developers of North America usually charge from $45 to $65, whereas developers from Latin America charge less i.e. $35 to $55 – developers from South Asia charge even less i.e. $28 to $40.
Regarding project longevity, the time utilized in developing a blockchain application also plays a major role in deciding the hiring cost. The time consumed in app development depends on the app’s features, complexity, and business requirements. Thus, quoting the exact cost to develop an application or hire blockchain development companies is impossible.
Anyhow, you can contact us, and we will use our expertise to analyze your project and the estimated cost required.
What is the process for hiring top blockchain development companies?
The process of hiring blockchain development companies needs to be executed prudently. Thus, here is a quick guide to help with the hiring process.
Plan your project requirements
The initial step of hiring blockchain developers includes outlining the project’s requirements. Take time defining the blockchain application’s functionalities, features, digital assets, and goals you look forward to developing and deploying. Pre-defining the project requirement helps the blockchain app development company better understand the project and its goal.
Investigate and shortlist companies
Secondly, you need to start looking for blockchain development companies in the market and filter them based on their capability and expertise. Cream off the companies that have a verified record of developing blockchain applications. Run your eyes through the company’s portfolio, reviews, and ratings to gauge its expertise and dependability.
Weigh and Connect with Companies
Now you have narrowed down the list of the best blockchain development companies, it’s time to connect with the companies and discuss your idea, requirements, and budget. I prefer engaging and questioning them related to your project and their portfolio. The expert and experienced development companies will answer all your questions excellently.
Proposal and Cost Estimate
After all the shortlisted companies are evaluated, take a step forward and request proposals from the blockchain development companies. The proposals will include all the project-related information like projected cost, deadline, deliverables, and plan towards managing the project. Further, the proposals can be examined, and based on the proposals, you can hire the blockchain development companies offering the best blockchain app development services.
Negotiation and signing the deal
Once you have finalized the blockchain app development company to develop your application, it’s time to negotiate the deal regarding pricing, deadline, approach, etc. I prefer sending a counteroffer to the development company to negotiate the terms and conditions of the deal. Ensure you are on the same page as the app development firm while signing the deal. Legal advice for managing paperwork can also be availed if necessary.
