Blockchain technology has emerged as one of the most promising services in the recent years. It holds tremendous potential to transform the workings of the financial sector. Living in a highly digitalized world, a range of large and medium-sized enterprises are exploring blockchain technology services in order to make a place in this competitive market.
Companies can really excel by providing blockchain solutions in this sector. A mix and match of strategies is all you need to see your business growing by leaps and bounds. Understanding nuances of blockchain technology can play an instrumental role in charting the future path of any company.
What can make any company stand out in the crowd would involve a mix and match of short and long-term strategies. One thing which you need to keep in mind is that not every company will be able to work according to your requirements.
Therefore, choosing the right company is what you need to consider. Here is a curated list of Top 10 Reputable Blockchain Development Companies with an extensive and in-depth analysis of each of the companies.
These companies not only offer expert consulting services but are also proficient in creating best blockchain technology applications.
Why is blockchain technology important for your business?
Most of the reputed business companies complain of network downtime, security breaches and large capital investment which they need to host a range of business services and applications. Blockchain technology is one stop destination for all those problems. It provides ultimate solutions for handling the growing demands of your modern business applications. It comes with a bunch of benefits as a decentralized network can help in securing data and managing it efficiently through smart contracts.
How can you select the right blockchain company?
Initially, Blockchain Company was considered to be immensely useful for carrying out cryptocurrency transactions but now it has entered the mainstream market. This has indeed widened its scope of working. In turn, this has resulted in growing demand for blockchain technology. Experienced and reliable blockchain development companies thus come into play for diversifying one’s business prospects.
Various industries like healthcare, banking, food production are now counting upon this new industry for carrying out the processes of their company in a hassle-free manner.
Some of these processes are needed to maintain immutable, risk-free open ledgers which can help a company achieve indefeasible heights. Thus, there is a dire need for choosing the right blockchain company which can handle your requirements in the most efficient manner.
Choosing the right blockchain company can indeed be a tedious task. Therefore, this checklist will help you make the choice in the right direction. Some of the detrimental factors will include the ability to access the services provided, contractual models offered and core areas of expertise to evaluate the right blockchain company for your projects. You cannot compromise on these intricate aspects in order to make a prudent decision.
1. Knowing technologies used in Blockchain Development.
2. Variety of Blockchain Developers.
The company you choose should be well equipped to deal with a range of blockchain technologies. They should be able to bridge up the gap between obsolete and new technology needed to make your business expand.
They also need to hold great expertise in developing the kind of commercial blockchain product you need. You can evaluate them on various parameters to find out if they are a right fit for your company. There are different approaches which you need to understand to scrutinize whether your chosen blockchain company can build your DLT software or not.
Each of these techniques is different and therefore you need to make a choice according to the requirements of your company. The crux of the matter is that you will have to pick out a blockchain development firm which can develop the DLT software according to your needs
3.Identifying the Right Outsource Model.
There are four major types of models which are commonly used which include captive unit model, accelerated BOT, dedicated team and a fixed price model. Choose the model which best matches your budget and needs. This will prevent wastage of your precious time, money and resources. Also, it will prevent inconsequential negative consequences to your business.
Fixed Price Model: It is recommended that you choose a Fixed Price model if you have budgetary constraints. This model won’t allow you to be innovative and make changes according to your accord. The budget is fixed at the initial stage and that leaves no room for changes.
Captive Unit Model: The developer plays a crucial role in training and hiring the R & D team. It is also responsible for looking after the financial, administrative, legal and personal aspects of your team. It allows you to regulate the salaries and direct the team in this model. This is chosen by those companies who are looking out to build their corporate presence.
Dedicated Team: You should consider working under this model when you have a series of projects in hand and you want developers to work on them in a unique manner. The team will possess the appropriate skill set and knowledge to handle your projects efficiently.
BOT: When you plan to establish your business in a remote location, then creating an R&D team is advisable. For adding blockchain to different verticals, you will need to identify R & D infrastructure according to your preferences and requirements. BOT model (Accelerated Build Operate Transfer) is indeed the best choice in these cases.
Thus, blockchain technology is making a mark in a range of industries from retail to ‘Fintech’ and health care services need it for carrying out processes, storing data and more. Hence, blockchain development services are becoming indispensable for businesses. All you need to do is choose a team of dedicated experts who can help you in your given budget.
Top Reputable Blockchain Development Companies For Your Business:
EngineerBabu is responsible for implementing, supporting and designing a distributed blockchain based network. Their enthusiastic and hard-working team of developers is responsible for analyzing the requirements of the client and designing blockchain technology around a certain business model and building and launching a blockchain network.
What makes them stand a class apart from the thousand others in the competitive market is their dedication to deliver the best according to the business needs and requirements. They have worked rigorously with companies like Universalcoin wherein the UNV token was redeveloped by them. They also worked on intricate projects with Auscoin.
LeewayHertz has worked with a range of medium and large-sized enterprises like Identity Solution, Utility Bill Generation, and Global Supply Chain. This company was founded in 2007 and is headquartered in San Francisco, USA. What makes them stand out in the crowd among hundreds of other blockchain technology provider services is their dedication to deliver the best for every project.
They have about ten years of experience wherein they have played an instrumental role in building more than 100 enterprise-grade digital platforms. Some of the languages in which they specialize include node.js, go and solidity. Also, they specialize in developing blockchain applications namely Corda, Ethereum, Hyperledger, and Hashgraph.
They are known for providing efficient services in a hassle-free manner. With a deep understanding of IoT, AI and cloud services, they can build apps to bring transparency, establish trust and reliability in a business process. If you want to grow your business exponentially then you can trust LeewayHertz.
They can transform the workings of your business by bringing domain expertise, speed and flexibility in your day to day processes. All you need to do is book an appointment with their experts in order to get an in-depth idea for your project deployment and development.
A mix and match of blockchain strategies can help you reach ultimate business goals. The blockchain technologies used are completely safe and secure. Some of these are :
- Ethereum: A decentralized public platform that is known to run apps.
- Hyperledger: A provisioned private network meant to share data and process for various medium and large sized enterprises.
- R3Corda: A one-stop solution for managing financial agreements.
- Hashgraph: Fast, Fair and most secured acrylic graph DLT.
They follow a simple process in order to keep pace with your requirements and changing trends of the industry.
- Brainstorm idea and business requirements.
- Identify any existing system migration to Distributed Ledger.
- Prioritize use cases in “ MVP” “Fail fast” and “v2.0”.
- Define off chain & on chain business entities.
- Define technical components.
- Roadmap of the product.
Some of these areas of expertise include managing demands of logistics and pharmaceutical supply chain effectively. Freight tracking allows logistics companies, brokers, carriers and shippers to easily track the shipments in real time.
The platform can easily handle transactions to ensure fast shipments without any frauds and delays. Similarly, it allows tracking the movement of drugs to the end customer from the manufacturer at a global level.
It also helps eliminate paperwork by easily capturing records from every location to the chain. This helps to maintain trust between all the associated parties. It can also prevent any counterfeit and smooth process.
Treehouse Technology Group possesses a team of skilled and knowledgeable experts who aim at revolutionizing the workings of blockchain industry. It was founded in 2014 in Boston. They support thousands of users from Fortune 100 companies to startups by developing reliable and secure contracts using Ethereum, Solidity, and Proof of Stake Algorithm.
They offer a wide range of token services to companies at any stage of development. They offer intricate knowledge of various technological projects in alignment with the company’s services. They are proficient in security, auditing, and consultation services in compliance with ERC-20 token standards. They also specialize in running automated and manual tests, document results and creating test cases.
They also make use of smart contracts which are a set of terms programmed on top of Blockchain which is self-executable when all the predetermined conditions are met. Basically, they are used to automate different processes, operations and procedures across multiple industries from accounting and IT to finance and healthcare. Smart contracts eliminate the need for any third-party agent. This prevents time and money and thus maximizing security and accuracy.
Founded in the year 2015 in Ukraine, openGeekslab is a reliable blockchain development company. They hold expertise in delivering ICO development services for various sectors. What makes them stand out in the crowd is their dedication to successfully launch ICO campaigns from token design and smart contract to ICO platform hosting and landing page design. Some of their areas of expertise include crypto wallets, Hyperledger Fabric, smart contracts, solidity, blockchain development and more.
The creators are well equipped to build secure products for your company according to your business goals, preferences, needs and budget. You don’t need to burn a big hole in your pocket in order to make your projects a success with them. They also provide technical solutions for various fields like eCommerce, entertainment, healthcare, enterprise management.
Founded in 2001 in Sunnyvale, Altoros is best known for satisfying the requirements of the clients in the best possible way. This global IT consultancy company lies in the heart of silicon valley and has its offices in Switzerland, Norway, Denmark, and the UK. With over 300 employees, Altoros works for enterprises by deploying cloud and software solutions of Cloud Foundry ecosystem. Their areas of proficiency include big data, AI, blockchain technology and cloud consulting.
They follow a streamlined process wherein they help enterprises to start off their blockchain journey by evaluating various aspects of blockchain which can help the company in a particular case. It also helps in removing technology and business related constraints on the way. Operating in a decentralized, distributed and secure framework, Altoros can help you in speeding up processes, lowering costs and building a new level of trust while carrying out business transactions by ensuring security and auditing along the way.
Apart from that, Altoros helps organizations to enhance existing workflows, achieve transparency, enhanced customer experience and more. Some of the fields in which they have already penetrated include finance, manufacturing, insurance, telecommunication, supply chain management, and energy. Collaborating with Altoros will help you in an easy implementation of ideas and thus improving your revenue and sales by manifold.
They make use of tried and tested blockchain approaches and mature blockchain frameworks to offer personalized solutions for your services. Their team of experts will guide you regarding the feasibility of the project, the chances of its success and create a delivery strategy with minimum time to market. At Altoros, developers are respectful in helping you meet deadlines within a stipulated time and budget while ensuring product’s excellence. Their dedicated team can assist you in developing innovative solutions as per the demands of end users.
Founded in 2014 in New York, Appinventiv made a mark in the competitive market within a few years of its establishment. Their young and agile team is committed to providing a great range of blockchain services to its customers. Some of their areas of excellence include initial coin offering, smart contract, cryptocurrencies, bitcoin, ethereum, tech audit and IoT in the blockchain.
Their sole aim is to help businesses achieve indefeasible feats with blockchain app development. Blockchain technology has been revolutionizing the way businesses are changing their work model. Nowadays integrating blockchain in business processes is extremely essential for the growth of a company.
They hold expertise in cryptocurrencies, development of a smart contract and auditing the processes before they go live on an unaltered system. They also provide valuable advice to startups who are thinking to raise an ICO. Our team of blockchain marketers, designers and developers know how to employ the tools to help you work in a decentralized ecosystem.
Here are some of the USPs of their blockchain based apps :
- Transparency: All nodes in a blockchain have real-time access into all transactions in the chain. No hassle of hunting for reports in different formats at different times from different sources.
- Trust: It is a well-known fact that all participants in a blockchain have to authorize the transactions occurring in the chain, as these applications build greater trust with customers leading to increased sales and enhanced client satisfaction.
- Resilience: Longer the blockchain, more resilient its transactions and more robust is its architecture. Hugely repeated database on multiple computers doesn’t allow malpractices such as interception and hacking.
- Efficiency: The logic of smart contracts results in speed acceleration and error reduction of transactions fewer intermediaries and distributed ledger system enables lower processing fees and quick transactions.
Some of their blockchain development services include :
- Smart Contracts Development and Audit: One of the most important parts of our Blockchain App Development Offerings is the creation of blockchain contracts to safeguard your transactions in the platform. We also ensure that your smart contract code is perfect before they get updated in the blockchain and become irrevocable.
- Hyperledger: Using Hyperledger, we enable organizations to create robust, industry specified dApps, platforms, and the hardware systems that support their individual business transaction.
- Wallet Development: We Create Crypto Wallet dApps that can hold hundreds of digital currencies, which are packaged in marked sections that entail the information related to your Wallet Balance and the Details of Previous Purchases.
- Crypto exchange development: Bringing Buying and Selling of Cryptocurrencies to Android and iOS.
- ICO: Redefining Your Fundraising Strategy to Greater Profits Through Our ICO Services.
- Ethereum Applications: Enhancing businesses by bringing them on a platform that is cryptographically secure, tamper-proof, and decentralized. We run smart contracts that have no downtime, are free of censorship, third party interference, and fraud.
- Supply blockchain development: Crystallise supply chain economics using blockchain technology. We integrate efficient inventory management and transparent transaction rosters that benefit all participants.
- Blockchain in IoT: Combining the Two Transformative Technologies — IoT and Blockchain — we make the Whole Ecosystem in Which Our Users Operate Connected and Securely Decentralized.
Their team of Blockchain App Developers knows how to create different types of Cryptocurrency Wallets which are used for Recording, Storing and Transacting in demand transformative currency. The Wallet types they have the development expertise of:
- Physical Bitcoin
- Some of the major highlights of this company include :
- Team Of Skilled Blockchain Experts
- In-Depth Understanding of the Industry’s Technology Stack
- Multi-Layer Security Features
- 20+ Blockchain dApps Developed and Deployed
ABES was founded in the year 2017 in Philadelphia and is a dedicated lab of R & D experts for blockchain technologies for a software development company Aplana Software Inc. It offers a full range of services which include architecture design, blockchain consulting, support and maintenance, services and applications development and smart contracts.
The company is focusing on implementation and research of innovative solutions related to blockchain technology for customers all over the world. Blockchain technology is extremely useful for digital supply chain management, sourcing and tendering, contracts management and execution, payments inside the ecosystem of suppliers and partners.
ABES experts can handle the intricacies of the blockchain projects very well and offer them a solution according to their requirements. In short, they can play an instrumental role in driving your business to achieve great heights by making your business processes even more effective.
They also aim at transforming contract management process to a fully automated process of easy approval, execution, creation, and tracking. It no longer involves time-consuming manual work and eases out the entire process of business workings.
Some of their other areas of expertise include creating DApps, Hyperledger, Solidity, Ethereum when it comes to the blockchain. Apart from that, they also provide solutions which can help you digitally plan your business processes in a systematic manner.
Founded in 2008 in San Fransisco, ArcTouch is a renowned blockchain development company which has achieved indefeasible feats in the competitive market. It has helped companies transform the way their business processes function. They believe in following a three-step approach when it comes to transforming your business through blockchain. These steps include:
- Strategy: From carrying out the ideation sessions to looking out for a range of blockchain business strategies, this company is one stop solution for your requirements. They also conduct intensive technology workshops to help you with your business.
- Architecture: Their expert blockchain team helps you to design secure and scalable blockchain solutions to improvise the workings of your processes. In addition to that, they also hold immense experience in delivering the best according to client requirements.
- Implementation: Last but not the least, they also ensure that you achieve operationally and implementation success from scalable commercial deployments to ICOs.
ArcTouch’s technical experience includes working with:
- Blockchain-as-a-service (BaaS) platforms from AWS, Microsoft, and IBM
- Leading blockchain platforms like Stellar, Ethereum, Hyperledger and BigChain
- Wallet, MetaMask, Geth node, Remix, Truffle, and TestRPC, to build and test highly responsive blockchain apps
- Smart contract languages such as TestRPC and Solidity, Truffle framework
ArcTouch provides a range of blockchain services which include :
- Easily implementing blockchain based prototypes
- Developing DApps on top blockchain platforms
- Evaluating private blockchain networks for experimentation and development
- Implementing and creating smart contracts
Founded in 2014 in San Francisco, this blockchain company has excelled in numerous fields of blockchain technology. It enables organizations to build a solid ground for financial services. They can securely manage your financial assets in a token format on private ledgers and transfer them across public networks.
They hold a tremendous potential of working with a range of financial sector companies. Their loyal partner list includes Citigroup, Nasdaq, Visa, Capital One, Fiserv, Orange and such numerous startups.
The ledger-as-a-service is used for secure token transactions and works for both public and private networks. Some of their other areas of specialization are ledger technology, payment systems, cryptography, blockchain development and distributed systems.
Founded in 2014 in Stockholm, ChromaWay experts are working with a range of renowned real estate companies, financial institutions, and government agencies to provide them with smart contract solutions. Their ultimate focus is on blockchain as a database. Therefore, they introduced ‘Postchain’ also known as a consortium database, as a distributed database management tool. They basically work closely with real estate and finance companies.
Apart from that, they have recently created SofiWay which has improved the payment gateway between individuals with its extensible and flexible architecture. It is basically designed to support the development of an e-currency project namely E-krona.
They started when their founder Alex Mizrahi developed colored coins which revolutionized the use of blockchain technology for asset transfers. They have been pioneering the blockchain industry since then. They believe that blockchain can do wonders by fulfilling the longevity and scalability requirements of an enterprise.
With multitude options at your disposal, choosing your best blockchain development service company shouldn’t be a problem. Now that you have a fair idea about some of the services which can help your business grow exponentially, it should be easy for you to make up your mind.
The things you should be focusing on should be the areas of expertise and pricing of the company you choose to associate with. Not every company in the market can meet up to your expectations; therefore you need to be careful while making a decision. After all, it should be worth every penny you plan to spend.
Trust me, if you know exactly what you want, then choosing the right blockchain development company wouldn’t be a problem.
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Read My Other Related Articles
1. Blockchain Technology Explained: Introduction, Meaning, and Applications, Also on Hackernoon
2. How is Blockchain Revolutionizing Banking and Financial Markets, Also on Hackernoon
3. Blockchain in Healthcare: Opportunities, Challenges, and Applications, Also on Hackernoon
4. How is Blockchain Disrupting the Supply Chain Industry?, Also on Hackernoon
5. Everything You Need to Know About Smart Contracts: A Beginner’s Guide, Also on Hackernoon
I am Mayank, Cofounder of EngineerBabu. Feel free to reach out to me on Linkedin | firstname.lastname@example.org (About EngineerBabu — Medium).
In addition EngineerBabu Help startups, enterprises, and owners to grow their business by building high class IT solutions. 95% of projects developed by them were completed on-time. 30+ funded by VCs, Win most innovative Premier Design Award, selected in Y-Combinator 2016 & 2017.