Question 1

What is a blockchain development company?

Accepted Answer

A blockchain development company is a company that specializes in creating, implementing, and maintaining blockchain-based applications and solutions. Blockchain companies also provide various services, such as smart contract development, decentralized application (DApp) development, blockchain consulting, and integration of blockchain technology into existing systems for various industries.

There are several types of blockchain technologies, including:

Public blockchains
Private blockchains
Consortium blockchains
Hybrid blockchains
Sidechains
Permissioned blockchains

While there are many popular platforms to choose from, Ethereum is the blockchain that developers utilize the most due to its extensive use in decentralized applications, smart contracts, and decentralized finance (DeFi) projects.

Question 2

What do blockchain development companies do?

Accepted Answer

Blockchain development companies offer a range of services to help businesses leverage blockchain technology for various applications, including decentralized apps, cryptocurrencies, and smart contracts.

Here is a breakdown of typical blockchain development services:

Custom blockchain development
Designing and developing custom blockchain solutions tailored to specific business needs
Smart contract development
Writing and deploying smart contracts to automate and enforce agreements
Decentralized application (DApp) development
Creating decentralized applications that run on blockchain platforms like Ethereum
Token development
Creating various types of tokens, such as utility tokens, security tokens, and non-fungible tokens (NFTs)
Blockchain integration
Integrating blockchain solutions with existing systems and infrastructure
Blockchain security
Implementing security measures to protect against vulnerabilities and attacks
Cryptocurrency development
Developing and launching new cryptocurrencies
Blockchain identity management
Creating decentralized identity solutions for secure and verifiable digital identities
Blockchain consulting
Assessing the potential benefits of blockchain for a business and advising on possible solutions

Question 3

How long does it take to develop a blockchain?

Accepted Answer

The time it takes to develop a blockchain depends on several factors, including solution complexity, technology preference, and feature requirements. On average, it will take between two to seven months to develop a basic blockchain solution.

Some factors that affect the development timeline include:

Project requirements
If your project needs advanced features like smart contracts, custom consensus algorithms, or high security measures, the development deadline extends.
Blockchain type
Private blockchains take shorter, but if you want to develop a public blockchain like Bitcoin, it may take several years due to high security and scalability requirements.
Development tools and frameworks
Using existing frameworks like Hyperledger, Ethereum, or Corda shortens the development process. If you want to build a solution from scratch without existing frameworks, it will take between one to three years on average.
Testing and debugging
After the development phase, a thorough testing process will add three to six months to the timeline.

Question 4

How much do blockchain companies charge for their services?

Accepted Answer

The cost of developing a blockchain project depends on whether you are building a private or a public chain, the type of solution and its complexity, and the technologies used. On average, blockchain companies charge from $10,000 to $200,000 and up to develop a blockchain solution.

Here are some typical costs depending on the blockchain project type:

Decentralized autonomous organization (DAO): $10,000 to $30,000
Decentralized app: $35,000 to $150,000
NFT marketplace: $55,000 to $125,000
Cryptocurrency wallet: $125,000 to $200,000
Cryptocurrency exchange: $135,000 to $190,000

The top 50 blockchain development companies on DesignRush charge an average of $45/hour. Roughly 5.7% of the blockchain development companies on DesignRush accept projects with a budget of less than $1,000, while 9.1% require a $50,000+ minimum budget.

Question 5

Why should I hire a blockchain development company?

Accepted Answer

You should hire a blockchain development company to ensure that your solution is developed as quickly as possible to stay relevant on the market, and to get the best quality and functionality of its features.

Outsourcing blockchain development brings advantages such as:

Blockchain experience
Outsourcing helps businesses gain access to specialized expertise and experience in blockchain technology, which might be lacking in-house.
Cost efficiency
An outsourced team can be more cost-effective than hiring and training a full-time, in-house team, particularly for short-term projects.
Focus on core business
Outsourcing a blockchain development company allows businesses to focus on their core business activities while external experts handle the technical aspects of blockchain development.
Faster time-to-market (TTM)
Experienced blockchain developers can often complete projects more quickly, accelerating the time-to-market for new products or services.
Scalability
Outsourced blockchain development companies offer flexibility in scaling the development team up or down based on project requirements without the long-term commitment of permanent hires.
Cutting-edge technologies
Outsourcing partners are often up to date with the latest blockchain technologies and trends, ensuring the solution is built with the most recent practices.

Success story

In the following success story, we can see how helpful blockchain development can be:

PixelPlex partnered with a client that wanted to develop Web3 Antivirus (W3A), a security solution for the web3 space. The company built a machine learning (ML)-powered browser extension for the Ethereum blockchain, protecting users from fraudulent activities and dangerous websites. Since the product's launch, over 9,000 users adopted the extension which analyzed more than 19,300 user transactions and blacklisted over 677,643 harmful websites.

Question 6

How do I choose the best blockchain development company for my business?

Accepted Answer

To choose the best blockchain development company for your business, consider the company’s experience in your industry, existing portfolio and case studies, pricing plans, security measures, and expertise in different services and technologies.

Based on your company's needs, you should focus on these steps:

Identify your goals
Define all project features you want your blockchain to have.
Find the right industry expertise
Browse online directories like DesignRush to look for agencies with a proven track record of successful collaboration with companies from your industry. For example, some blockchain companies specialize in private blockchains, others in public.
Set a budget
Determine the total amount you can invest in your blockchain solution.
Review agency experience
Ask for a portfolio of relevant work, client testimonials, success rate, and other proof that the agency delivers high-quality services.
Ask about the pricing plan
Find out if the blockchain development company charges by the month, project deliverables, or has another pricing structure.
Inquire about analytics and reporting
Ask the company which metrics it will track to define project success and how often will you get progress reports.
Ask for proposals
Send a request for a proposal (RFP) to the shortlisted blockchain development companies.
Interview
Set up interviews with prospective blockchain companies to discuss the project in detail and determine if they fit your team well.
Make a decision
After reviewing the RFPs, choose the best-suited agency and establish all project development processes.

If you need a custom-made list of blockchain development companies, contact us. Our team will provide the list of agencies that are the best match for you based on your list of requirements. Check out our Marketplace for more details.

Question 7

How do I find the best blockchain company on DesignRush that fits my budget?

Accepted Answer

To find the best blockchain development company on DesignRush that fits your budget, use the filtering feature to sort agencies by minimal budgets in ascending order or by hourly rate from lowest to highest.

If your budget is limited, look for agencies with solid portfolios that accept projects under $1,000. Companies like Kuchoriya TechSoft, AlgoRepublic, Ekotek, OnTheBlockGaming, and Innosoft Group all accept budgets below $1,000. The average cost varies from country to country, so you may consider hiring a blockchain development company outside the US that offers more affordable rates.

Question 8

What questions should I ask blockchain companies before hiring one?

Accepted Answer

You should ask blockchain companies about the relevant experience in your industry, a portfolio of previous projects, the pricing plan and structure, team qualifications, availability, and additional services like testing and security they may provide.

Ask them about the following:

Its Relevant Background

How many years of experience do you have providing blockchain services?
Do you have a portfolio of industries you have worked with?
Do your team members have relevant training and certifications?
What blockchain platforms are you proficient with (e.g., Ethereum, Hyperledger, Corda)?

Its Services and Processes

Do you use agile, waterfall, or a hybrid development methodology?
Do you specialize in developing public, private, or consortium blockchains?
How do you handle scalability and performance issues in blockchain applications?
What technology stack does your team use?
How does your blockchain development company approach security and privacy concerns?
How do you handle potential vulnerabilities and attacks?
How do you handle bugs or issues that arise post-launch?
How do you ensure that the blockchain solution will remain relevant and up-to-date?

Related to Your Project

How do we define project deliverables and how do you ensure we get them? What happens if this is not met?
What team size and structure will you provide for my project?
Will you assign a delivery manager or another dedicated person to facilitate project development?
What metrics will you use to define the quality of your services?
How often will you provide us with project reports?
What is the planned budget? Are there any additional costs we can expect?
What kind of support can you provide besides your regular activities?

Question 9

What are the best blockchain development companies in the US?

Accepted Answer

The best 5 blockchain development companies in the US are:

Zazz
- 5.0 stars on DesignRush (95 reviews)
- 4.8 stars on Google (67 reviews)
- Top clients: Harvard Innovation Labs, Coinbase, BASF, BBC News
Suffescom Solutions Inc
- 5.0 stars on DesignRush (36 reviews)
- 4.6 stars on Google (91 reviews)
- Top clients: Modani Furniture, King Cubs, Lead Action, Mealed
Openxcell
- 4.9 stars on DesignRush (36 reviews)
- Top clients: Motorola, Google India, Puma, Unilever
AppsChopper
- 4.9 stars on DesignRush (34 reviews)
- 5.0 stars on Google (1 review)
- Top clients: Intel, Vodafone, Duracell, HP
Diffco
- 4.9 stars on DesignRush (33 reviews)
- 5.0 stars on Google (22 reviews)
- Top clients: Food Rocket, ORB, Shift, Clovitek

Scroll up to discover more about these and other blockchain development companies. All the agencies were carefully selected based on successful projects, industry reputation, customer reviews, and team expertise. Personalize your search and sort companies by location, budget size, hourly rates, and reviews.

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