Filters can help you shortlist the best blockchain app development companies in the UAE. Filtering these companies, depending on their experience, cost, and other such factors is necessary if you want to build a product that thrives in the competition.
Well, it’s time to look at these filters that help judge the compatibility of a blockchain app development company in the UAE with your projects.
- Size of the company- For a smoother blockchain app development process, the organization must have enough people. Going through the manpower of the organization can be helpful. You need to figure out things like how many people are working in the organization, their skills, how many offices the organization has, etc.
- Per-hour hiring cost- To hire organizations that deal in building blockchain apps, especially in the UAE market, the per-hour hiring cost might vary depending on several factors such as experience, skillsets, etc. To predict the cost of building a blockchain app and prepare the budget accordingly, you need to go through the hourly hiring cost of the organization.
- Years of experience- Companies that have been active for a long period in the blockchain industry might have witnessed the shift in trends drastically. Thus, it is ideal to leverage this experience to build apps that remain competitive in the massive race of blockchain-based apps.
- Tech experience- For a company to help you build a high-quality app that covers all your envisioned features, it is necessary to have the required tech expertise. The tech expertise of a blockchain app development company can be explored by going through its clientele. You can also directly cross-check or explore the website where the company publishes its services. However, to ease up the process, the top blockchain app development companies in the UAE that you can find above, display their tech stack to help you find the perfect tech partner faster.
- Ratings and reviews shared by clients- When you are not able to find other factors helpful in judging the quality of a top blockchain app development company, you can refer to the ratings and reviews that clients share. You can find these ratings and reviews on business profiles published by Google.
- Number of projects- Cross-checking the number of projects done by an organization and what kind of projects it has worked on can save you from wasting your time and money. Explore the clientele of the organization to find out the number of projects it has worked on and whether it has enough projects in the catalog to prove its expertise or not. Exploring the engagement trends on its past projects is also a good strategy for judging the organization’s capabilities.
- Company’s Annual Growth Rate (CAGR)- The growth rate of the company is another important indicator that tells the story of a brand. The CAGR of the organization shows whether a company is securing clients or not. A blockchain app development company in the UAE with good CAGR could be the company that delivers amazing quality.
Why should you partner with one of the blockchain companies in the UAE for your digital products?
Well, UAE is a thriving and growing IT market. An Arizton report says the data center market of UAE itself was valued at $1.09 billion in 2021 with hopes to reach a threshold of $1.72 billion by 2027 at a CAGR of 7.90%.
Now, the increasing numbers of blockchain companies in Qatar, Dubai, and other cities are creating opportunities for local businesses and even businesses from nearby countries to avail affordable blockchain solutions.
Also, the increasing number of providers of blockchain development services in the UAE has kept development costs in the region quite competitive and thus, it is easier for startups from Europe or the USA to save money by partnering up with blockchain developers based in the UAE.
Why you should invest in partnering with blockchain app development services providers?
The blockchain industry is continuously evolving and with new emerging technologies, its development practices are growing rapidly as well. Partnering with any of the above-mentioned blockchain companies in the UAE can help you ensure that your blockchain solutions are developed to keep this evolution of technologies in mind.
There are several other benefits of partnering with blockchain development companies in the UAE as well. Let’s have a look at these benefits in short.
- Better security- Whether you partner with blockchain companies in Dubai or New York or anywhere else in the world, the goal of these companies will be to deliver some of the best cybersecurity solutions integrated into your blockchain solutions to ensure that your data remains secure and protected. From deploying the latest cybersecurity algorithms and practices to upgrading your already existing blockchain technology solutions, a top blockchain development company can build a safer ecosystem for the IT requirements of your organization.
- Faster development- Blockchain technology companies employ people in groups and deploy these groups on projects given by clients. Thus, more minds work on each project with better coordination as they are managed and continuously reviewed by dedicated team leaders or managers. These practices ensure faster development compared to independent developers or contractors who do not have anyone to manage them or ask them for status updates regularly. Another reason behind faster development is the contribution of ideas by every team member. If there are glitches or obstacles found, the probability is one or another team member will have the relevant experience to find and get rid of these obstacles faster.
- Better development roadmap- With the help of the manpower provided by blockchain development companies, it is easier to prepare the best possible roadmap for building blockchain solutions. More people can contribute to solving development problems more efficiently thus, helping you in getting the best outcome from your investments.
- Transparency- Partnering with the top blockchain companies can reward you with better transparency for each stage of the development process. This transparency can help you understand aspects of the development process that can help you upgrade your blockchain ecosystem in the future if needed. Additionally, plenty of companies follow procedures such as providing status at every stage of the development process, offering reviews, and more to keep the mind of the client at ease.
- Availability of assistance- Partnering with a blockchain app development company can ensure that if your app faces any bugs or glitches, you have the required assistance on standby. A glitchy app can have consequences such as irritated app users, missed leads, negatively impacted conversions, and even data loss.
So, timely resolving these glitches becomes an important task whenever you partner with a blockchain developer company. Thankfully, plenty of the above-mentioned blockchain app companies offer these services.
What are some top blockchain app development trends?
Blockchain was initially introduced to digitally store data and to keep the data safe. With time, it started powering technologies like cryptocurrencies and moving forward, started supporting apps too. The blockchain tech industry has witnessed several trends and some of these blockchain development trends, we are shortlisting here. Let’s have a look!
- Federated blockchains- These kinds of blockchains are controlled by authorized people who manage and maintain the network. These authorities also validate blocks so any transactions processed can be executed. Industries like fintech, supply chain management, and insurance among others are the major users of federated blockchain.
- AI in blockchain- Most blockchain solutions are paired with technologies like artificial intelligence (AI) to help them take care of smart operations. AI in blockchain is often used to serve the fintech industry, metaverse, supply chain management, and more. The tech offers several advantages that include keeping the data safe, monitoring servers to detect suspicious activities, and more.
- Smart contracts- Automation is a requirement of the modern business landscape irrespective of industries. Smart contracts, one of the popular blockchain-enabled technologies make smart contracts possible. Smart contracts are a set of rules and regulations uploaded on blockchain servers in the form of codes/algorithms to automate the approval process. Smart contracts observe transactions to ensure transactions meet the requirements to be completed.
- Decentralized finance (DeFi) apps- Blockchain motivated the trend of DeFi apps that are focused on making lending, borrowing, and trading more flexible. DeFi apps cover apps that are involved in crypto storage and trading, lending platforms powered by blockchain, wrapped bitcoins, and more.
- Green blockchain- The concept of green blockchain is designed to reduce the power requirements of running blockchain servers. Blockchain, at its early stage used Proof-of-work (PoW) consensus which demanded heavy hardware requirements.
However, the Proof-of-Stake (PoS) consensus made the blockchain more accessible. PoS reduced computation costs and reduced the harm caused by blockchain.
Wrapping up
Well, with the above-mentioned inputs, it is time to wind up this list of blockchain companies in the UAE. However, before we end the report, you should know that if you are a part of one of the IT companies as well which are actively involved in app development, blockchain technology, AI, or other such digital technologies, you have the opportunity to see your organization in reports like this.
You can write to us to list your company among MobileAppDaily’s selections of various companies under various categories. These lists, however, are prepared after a thorough review by MobileAppDaily experts to ensure that our readers are offered only the best possible options through our lists. If qualifies, your company can have an opportunity to be visible to millions of potential clients from all over the world. Additionally, keep visiting MobileAppDaily to keep up with the evolving blockchain trends to ensure you are well-updated with the ongoing developments in the blockchain industry.
