Top Blockchain App Development Companies Jun-2023

The process of building applications starts with defining the issue in order to solve by building and deploying the app in the market. Choosing the appropriate consensus mechanism depending on the type of blockchain you go for holds importance too. 

Validating the transactions, designing the architects to explore the additional issues, and from the development of chains of blocks to successfully doing the transactions, it requires a lot of expertise to develop blockchain applications. 

So, you need the right people who can do the job for you. Our directory provides blockchain companies from around the world to make an impression for themselves by listing themselves on our platform. This directory delivers all the required information that you might use to shortlist the future blockchain development partner for your app. 

What is blockchain? What are the benefits of blockchain?

Blockchain is a database that is powered by a network of nodes that store copies of data that is recorded on the blockchain servers. Each transaction or data recorded on the blockchain server is verified by all nodes of the server before it is permanently stored on the chain. 

This process makes it harder for any data to be hampered or harmed once it is stored on the blockchain server. Due to such data security capabilities, developers around the world are shifting their digital products to blockchain so they can offer better data protection and build a higher trust level in users’ minds. 

Now, to properly understand what is blockchain and why developers are preferring it over traditional cloud-based storage systems, we will have to go through the benefits of the technology. So, let’s have a look!

Benefits of blockchain

• Better Security: The data stored on blockchain servers is encrypted using high-quality encryptions. Additionally, due to the involvement of multiple nodes that approve every modification and transaction on the server, it gets almost impossible to break through the server security to harm or steal data that is stored on blockchain servers. 
• Decentralization- Blockchain servers are safer due to having no centralized authority to approve or monitor transactions. Instead, a single blockchain server can have multiple participants who store and manage their data. Data is controlled by data owners and they have the authority to share data with anyone they want. Additionally, each time users’ store data is used and accessed by any authorized or unauthorized party, an entry is made along with details like timestamp, modifiers’ user stamp, and changes made.
• Performance- Blockchain servers are known for not being dependent on third-party mediators for any kind of approval. The technology supports smart contracts. These contracts are a set of rules defined as programs to automate approvals of different processes. Smart contracts are being used by banks, fintech companies, and more to automate payments, international transactions, insurance settlements, etc. Eliminating the need for third parties is also helping organizations tackle and counter corruption and cyberattacks.
• Transparency: Blockchain creates a trail of activities that are done on any server within the architecture making it easily trackable and transparent. The data is also easily accessible and visible to everyone with authorization. Users can also review the transactional history of the data stored on servers to monitor all changes made to it.

What are some of the most common blockchain currencies used?

The most common blockchain currencies include:

• Bitcoin: The world started using Bitcoin in 2009 which was built by developer(s) under the signature name Satoshi Nakamoto. At the moment, Bitcoin holds the top position as a cryptocurrency with the largest market cap. The ledger of Bitcoin is secured by proof-of-work (PoW) consensus.
• Ethereum: The second largest cryptocurrency in terms of market capitalization, Ethereum was introduced in 2013. Cryptocurrency is known for being one of the leading supporters of smart contract technology. However, the technology comes with a higher transaction processing cost and a slow processing time. Ethereum is the cryptocurrency that saw an increasing adoption by dApps developers. 
• Binance Coin: This cryptocurrency was initially introduced to the world by Binance decentralized exchange (DEX). By volume, Binance Coin, or BNB as the world knows them, is one of the largest cryptocurrencies. The currency also powers the BNB Chain ecosystem. Initially, Binance Coin was launched in 2017.
• Cardano: The revolutionary cryptocurrency uses a proof-of-stake blockchain, an alternative to the traditional proof-of-work blockchain. Proof-of-stake (PoS) blockchain is known to be more eco-friendly as it consumes lesser power to run and offers better transactional speed as well. The development of Cardano began in 2015 but it was launched in 2017 to become the largest proof-of-stake cryptocurrency.
• Dogecoin: A cryptocurrency that is inspired by memes and popularized by Elon Musk was a project that started as a joke. Known as the meme coin or dog coin, Dogecoin was introduced in 2013 and initially within 30-days, Dogecoin.com had over a million visitors. Even currently this popular meme coin has a massive fanbase on platforms social media platforms like Twitter.

What are some of the best listed blockchain companies?

The quality of a blockchain development company can be determined by the kind of work they have done in the past. The client’s historical data gives insight into the possible success of cryptocurrencies. 

However, we have a few names that are considered leaders in building blockchain development solutions and probably you might have heard some of these names. For instance, Appinventiv, IBM, Cognizant Softvision, GlobalLogic, Xebia, Exyte, Birlasoft, DataArt, Fueled, Codiant Software Technologies, and Blockstream

What are the steps to build a blockchain solution?

Blockchain development is costlier compared to building traditional solutions due to the requirement of expertise these servers demand. However, with a proper strategy, probability to achieve better ROIs by building blockchain solutions can be made possible. Further are the steps for the blockchain application development by development companies to build these solutions:

• Research and ideation- The quality of your research will influence the probability of a good outcome. So, it is crucial to indulge into an in-depth process of researching your target market so you have a sufficient amount of data to build a foolproof app development strategy. A proper research strategy can help you identify the problem that can be solved with a new blockchain solution. 
• Discuss and brainstorm- Once you have identified the problem that you want to solve through your blockchain solution and once you have enough data to ensure that a foolproof solution can be built, it is time to discuss and brainstorm your idea with experts so a strategy to build a blockchain solution can be finalized along with all steps involved.
• Budget- For a smooth implementation of the blockchain development cycle, it is crucial to figure out the maximum budget required in advance. Your budget will cover costs to hire developers, licensing costs, software testing costs, and more.
• Prepare a design- The design of a blockchain solution can be the roadmap to make your software successful. The design has to cover aspects such as the number of features you want to integrate into your platform, UI/UX design, and more.
• Development- Once the designing and prototyping phase of the blockchain development process is complete, it is time to kickstart the development process.
• Testing and feedback- It is crucial to test blockchain solutions once the development is complete to ensure that the product that is going to the market is of the best quality. There are several tools existing nowadays to make that possible. Some of these tools are Truffle, Embark, Drizzle, Ganache, etc.
• Deployment- Blockchain solution, once developed and ready to be deployed should be properly observed for some time to find out if users are facing any bugs in the actual product. As it is crucial to build a good impression, taking this feedback seriously and solving bugs as soon as possible should be the priority.
• Maintenance and upgrades- These feedback that are collected through users’ reviews should be used to prepare maintenance and through upgrade strategies. Additionally, upgrading the digital product with time is also a good opportunity to build amazing conversions. 

What is the average cost of hiring a blockchain app development company?

The average cost of hiring a blockchain app development company is reminiscent to any kind of development hire. It depends on several factors such as the complexity, requirements, level of expertise, size of the team, features, etc.

To give a ballpark estimate, the cost of hiring a blockchain app development company can range anywhere between $50 to $300 per hour. However, to average out the figure, the cost can lie between $50 to $150. Some companies can also put a fixed price over the development cycle. This total of blockchain development will lie between $10,000 to $500,000. 

The cost to build blockchain solutions can also vary depending on whether your app is simple, moderate, or highly complex to build. Simple apps are usually built within $40,000 to $60,000 due to their lesser development time. However, for complex apps, crypto apps, etc the cost can go up to $500,000 if the development time is too high.

What are the different industries catered to by the list of blockchain app development companies mentioned above?

A blockchain application can be used for a variety of industries. The industries for which blockchain app development companies mentioned above can provide service are Consumer, Fintech, Healthcare, Insurance, Logistics, Manufacturing, Edtech, Startup, Travel, and On-Demand App Development among many others.
Additionally, Services provided by these blockchain app development companies are:

• Consultation for blockchain technology
• Development of NFT marketplace
• Development of decentralized apps
• Supply chain development using blockchain
• Custom development of blockchain apps
• Creation of decentralized exchange
• Development of blockchain wallet.
• Tokenization of assets.

This range of services covers various facets such as deployment, maintenance, migration & updation, etc.

What are some of the most important factors you should consider to hire a blockchain development agency?

Picking a blockchain company that understands your vision, has a good track record, and fits within your budget is an overwhelming task. To ensure that you have filtered the best possible companies, you can use a few filters to shortlist companies from this directory. These filters are:

• Years of experience
• Portfolio diversity
• Ratings and reviews of the company
• Capability to effectively communicate thoughts & ideas
• Cost associated with the development
• Security of the blockchain technology
• Overall support provided for maintenance, updates, and troubleshooting

Well, whether you are planning to build a single blockchain solution or already have a plan ready to build future projects as well, you can always rely on our dictionary covering the leading blockchain companies. You can bookmark the list to find whether your old tech partners’ details again or explore new options everytime you decide to build and deploy a blockchain solution in your organization. 

All these enterprises have been offering impressive blockchain services for quite some time and now they hold a respectable position in the industry. Each company is different and offers something innovative from the others. The USP of every blockchain development company has been displayed in the specialties that renounce their prominence.

For a better understanding of the blockchain software development companies, you can directly connect with us through our ‘Contact Us’ page and let us know your concern and we will try our best to resolve your query at the earliest. 

In addition to this, you can also refer to MobileAppDaily's exclusive list of best app development companies that have been curated keeping in mind ever-changing technology trends.

Also, if you have a similar blockchain development company, you can Showcase your agency as well by registering it on the MobileAppDaily portal. 

We hope this list of blockchain developer companies may have sorted your journey to finding the best blockchain software development companies. For similar information, check out our different categories of content for top companies, top products, and the latest news related to the IT industry.