Global Blockchain solutions spending is expected to surpass $15.9 billion in 2023. At the same time, this expenditure was $1.5 billion in 2018. Indeed, this is a huge influx in global spending, which depicts how companies will be investing more in blockchain solutions and blockchain-based mobile apps.
In this group, the major contribution will be seen from industries including finance, banking, healthcare, agriculture, and more. Amidst, outsourcing Blockchain development companies will also gain prominent attention.
If you are thinking about having Blockchain integration within your business solution, you must be having several questions in your mind, such as: what are the benefits of blockchain? Which are the best companies to hire? And more.
Don't ponder over this! As after reading this blog, you will have all the essential knowledge to begin blockchain solution development.
Benefits of Blockchain Solution Development
Blockchain has been considered a game-changing technology in the 21st century that provides incredible benefits to businesses. Solutions and mobile apps infused with blockchain will be powered with a robust security architecture that will provide users immense data safety and freedom from authoritative control.
Let's see some benefits of outsourcing blockchain development service to understand the importance of these applications.
1) Impeccable Transparency & Security
While almost every business transaction and record storage is digital, breaches are common. As a distributed ledger system, blockchain infuses a consensus system agreed by every participant. All users share the same documentation, and If you want to change any record, alteration of all subsequent records is required, which implies greater transparency of records and transactions.
In short, data available in the blockchain system or application is more accurate, transparent, secured, and consistent. Altogether, there will be no third-party permission or authority to manage data storage.
2) Increased Tractability
If your business includes supply chain or trade of product, tracing can be the most complex process. Blockchain enables a system that records each product from manufacturing to the final store. It verifies each asset destination and arrival to avert discrepancies. The history of data will improve the authenticity of assets and prevent fraud.
3) More Speed And Efficiency
For recording data, a primitive approach can be more time-consuming and prone to human errors. Altogether, it requires third-party intervention. While blockchain prevents the need for multiple data storage and brings in a digital ledger system that provides access to the same information to all users. It will offer greater speed to data access and improve organizational efficiency.
Apart from these, blockchain solutions offer many more benefits such as high-grade & futuristic solutions, more trust in systems & application, and much more. Moreover, fund transfer through apps will be more secure and faster to enable businesses to offer the best quality services.
So, do you want to infuse blockchain within your business application? You need to consult a blockchain development company expert in creating business solutions as per modern users' needs.
However, finding a company with experience and expertise for blockchain-based mobile or software development. To help you, I have enlisted top blockchain development companies by considering reviews and ratings over different online channels like clutch and Good firms.
Here are the parameters I have considered while picking up these best blockchain application development companies for 2020-21 to hire for developing a unique visionary platform with a futuristic approach.
- Experience in blockchain development (more than five years)
- Per hour price
- Reviews and ratings over trusted business listing sites and forums
- Blockchain software developed
- Expertise in software development
- Estimated revenue gained in previous years
If you are striving to secure a blockchain software application for your business or want to infuse this technology in your business solution, you must pick a deft blockchain development company with the required experience and a team of developers with a futuristic vision.
Top Outsourcing Blockchain Development Companies In 2020 For Creating A Futuristic Application
1) ValueCoders
Valuecoders is a reputed and top Blockchain development company in India, delivering top-notch solutions to diverse industry verticals, including healthcare, supply chain, IT, and more. It helps startups and enterprises deploy blockchain technology in their business to infuse security, transparency, and productivity.
The company created high quality & scalable decentralized software applications suitable to business structure and customer-centric economy. As an innovation-driven blockchain development company, it delivers solutions like Smart Contacts, Mining software programs, Crypto Wallets, ICOs, and more.
Being an innovation partner in the industry, the company has delivered the following software solutions: Lipchain Blockchain Solution, Titanium Thread Hyper Ledger and more.
For creating a visionary product, you need to hire a blockchain development company with required knowledge and experience in order to complete your project on time. This company ensures agile development through strategic planning and MVP approach to help it’s clients.
Price Per Hour: Starting $15/hr
Employee Strength: 400+
Rating: 5.0/5.0
Estimated Yearly Revenue: $3.89M
2) SoluLab
Being a leading blockchain, IOT, and mobile app development company, it caters solutions with unmatched innovation. As it says, It works to add a heart to technology, which makes it a unique team with great endeavors.
The company understands your business, objectives, pain points, and priorities. After a complete brainstorming session, It helps businesses to map out the existing workflows and future goals. With 6+ years of diverse experience in delivering one-of-a-kind software solutions, it offers solutions with great designs & features.
Its vision is to transform the dreams of enterprises and bring them into reality. Thus, it caters unique solutions as per entrepreneurs' needs and vision. Applications developed by companies are CAM-Blockchain, Versafit, Aladin-Blockchain, and Plotos.
Price Per Hour: Starting $25/hr
Employee Strength: 150+
Rating: 4.9/5.0
Estimated Yearly Revenue: $1.9M
3) Espeo Software
Espeo is a well known digital consultancy with an impeccable international presence. The company has a worldwide team locating in different locations that work seamlessly and value efficiency, transparent communication, and innovation.
Being headquartered in Poland and founded in Finland, it creates and designs top-notch blockchain solutions for its clients through exceptional industry knowledge and strong technical skills. Throughout the project, the company offers complete support and stands beside its clients and delivers best-in-class collaboration.
Remember, you need to partner with an expert blockchain development company which can understand your idea and customers and deliver a unique solution.
Blockchain projects created by the company are: CloseCross, MakerDao, Gabrotech, and GHP.
Price Per Hour: Starting $50/hr
Employee Strength: 200+
Rating: 4.7/5.0
Estimated Yearly Revenue: $8M
4) AdoriaSoft
AdoriaSoft excels as a science-oriented company with a math driven approach. Being an creative blockchain development company, it delivers solutions with impeccable security and features. The company has considerable experience in cryptography and information security.
It works on a team augmentation model; it means they can integrate IT professionals in their clients' existing teams for creating business-oriented solutions. Being an experienced blockchain development partner, they develop the project with an agile approach and ensure to implement technologies effectively.
The company follows the latest technology trends and meets its clients' expectations. Here are the blockchain projects developed by AdoriaSoft: Encrypted cloud storage, Privileged Access Management, Facerig, Token.io, Save Pharmaceutical, Agopolis, and more.
Price Per Hour: Starting $50/hr
Employee Strength: 50+
Rating: 4.8/5.0
Estimated Yearly Revenue: N/A
5) Exyte
Being one of the top blockchain development companies, it has earned a significant name in the market. The company incorporates an innovation-oriented team having expertise in mobile, web, and software application development.
It caters a comprehensive range of services, including native and cross-platform application development and deploys technologies like virtual reality, Artificial Intelligence, Augmented reality, Blockchain, and more.
Here are blockchain solutions crafted by Exyte: Trace, Vimerum, Micro Skills, Delta Airlines, PWC, Monsanto, Bayer.
Price Per Hour: Starting $25/hr
Employee Strength: 50+
Rating: 5.0/5.0
Estimated Yearly Revenue: N/A
6) S-Pro
S-PRO is one of the best innovation-driven blockchain development companies, helping startups to develop software programs that enable businesses & process transformation. The company delivers business-oriented solutions that digitize their process according to the need of a customer-centric economy.
It has already partnered with notable growth-oriented companies, including Founder Institute, BCCS Cluster, Sente.Link, and more. With a team of 150+ years of talented tech enthusiasts, it caters best in class development services with a sophisticated personal approach.
The R&D experts at S-PRO are engaged in finding the best possible usage of blockchain technology and deliver each product with a different vision & goal. Blockchain platforms created by companies are App for cryptocurrency payment & investment, Platform for crypto trading, Blockchain-powered Fintech solution, and more.
Price Per Hour: Starting $25/hr
Employee Strength: 150+
Rating: 4.9/5.0
Estimated Yearly Revenue: N/A
7) Somish Blockchain Lab
Somish is a blockchain software design & development company based in India and delivers automation services using the latest technologies. It has more than 10 years of expertise in delivering the best software design, development & re-engineering services.
It is catering services to industries' top clients with innovation, quality, and high-quality applications as per the need of the modern customer-centric market. Platforms developed by Somish are Govblocks, Plotus, VerifyChain, EdgeInvest, Konkrete.
Price Per Hour: Starting $50/hr
Employee Strength: 50+
Rating: N/A
Estimated Yearly Revenue: N/A
8) PixelPlex
Being one of the award-winning software and blockchain development companies, it is delivering the best solutions according to the needs of modern customers and users. It strives to help businesses to serve services that create the difference.
With a creative and vision-oriented team, the company has served more than 300 businesses all across the world that admire the company for cooperation and assistance. With a comprehensive background in artificial intelligence, IOT, cybersecurity, and blockchain, PixelPlex delivers solutions infused with innovation and cutting-edge technology.
For its exceptional work and assistance, the company is continuing to gain more appreciation and recognition. Blockchain platforms developed by it are Blockchain Ecosystem & Smart Contract Protocol, Intel IoT App, AIRA, and more.
Price Per Hour: Starting $50/hr
Employee Strength: 250+
Rating: 4.9/5.0
Estimated Yearly Revenue: $3M
9) MixBytes
The company has the best blockchain engineering talent engaging in creativity & robustness into each application they create. Its team offers full-fledged services, including design, development, quality assurance testing, launch, support, and more.
The is an admired partner of ambitious startups and established enterprises and has delivered decentralized solutions for a diverse industry sphere. The company creates cryptographic protocols, public and private blockchain solutions, consensus algorithms, smart contracts, and more.
Being one of the renowned blockchain development companies, it has catered blockchain solutions: Aragon One, Smartz, POA-An ethereum based smart contract, and more.
Price Per Hour: Starting $50/hr
Employee Strength: 50+
Rating: 5.0/5.0
Estimated Yearly Revenue: N/A
10) Bitdeal
Bitdeal is one of the most reliable blockchain development companies in 2020 for all kind of decentralized application development. It is potent enough to support all kinds of blockchain startups, including crypto exchange, mining, ICO, smart contracts, and more.
The significant focus of the company is to infuse this technology in business verticals with ease and simplify the risks in cryptocurrency trading. Bitcoin Exchange Script is the major product of Bitdeal that develops a robust trading environment to trade bitcoin.
It offers comprehensive support in ICO, mining, smart contract, and other cryptocurrency-based businesses. Applications developed by Bitdeal are Blockchain In Food supply chain, Blockchain In solar technology, Blockchain in pregnancy tracking, Blockchain In Agriculture, and more.
Price Per Hour: Starting $25/hr
Employee Strength: 50+
Rating: 5.0/5.0
Estimated Yearly Revenue: N/A
Wrapping Up
Blockchain is the security future in the IT industry, while cryptocurrency is a base to new financial settings. Clearly, using blockchain technology in your business solution and boost revenue generation. And! If you have a unique app idea for a blockchain solution, you must consult a blockchain company offering mobile app development services to bring it into reality.