TOP BLOCKCHAIN DEVELOPMENT COMPANIES of 2024
After cryptocurrencies gained a lot of traction, blockchain technology emerged as one of the most promising technologies to transform businesses. Today, a wide range of large and mediumsized enterprises are exploring the blockchain’s potential to make a place in the competitive market. The global market of blockchain technology is expected to grow over USD 39 billion by 2025, and the USA alone accounts for 56% of the global blockchain investments.
In 2020, blockchain technology reached new heights with its increased adoption across several industries. It is destined to achieve even greater heights in 2024. With the amount of attention blockchain technology has been attracting, we can look forward to more and more industries adopting the technology in 2024.
According to Forrester, most projects that will transition to production in 2021 will run on enterprise blockchain platforms. Also, according to IDC, about 30% of manufacturers and retailers across the globe will build digital trust through blockchain services by 2021.
As a result, blockchain development companies will come into sight to cater to the cutting-edge market’s needs. With the increasing number of options, finding the right blockchain development company will be challenging as the technology is still new for many enterprises.
What makes any company look different from others can involve a combination of short and long-term strategies. Not every company can work according to your requirements; therefore, it is essential to consider the right company.
While looking out for a blockchain development firm in 2024, be sure to ask the following questions:
- What are the blockchain platforms a company works on?
- What is their blockchain development process?
- How many blockchain developers a company has?
With in-depth analysis and deep research, we have curated a list of top blockchain development companies to look for in 2024, based on the criteria mentioned above.
The leading blockchain companies discussed in the article are not only experts in building blockchain applications, but they also offer blockchain consulting services to enterprises and startups.
Request Quotes From the Top Blockchain Development Companies.
How did we compile the list of top blockchain development companies?
Selecting the top blockchain companies was indeed a tedious task, but we have come up with great results by considering the following factors:
- Years of experience in the market.
- Client testimonials
- Quality of delivered products.
- Size of the team.
- Variety of industries the company has worked with.
- Cost of the services.
- Reviews by customers and references by media and other companies.
- The number of blockchain products delivered.
- Expertise in understanding business and market development.
- Technology Stack.
Now, let’s move ahead to the top blockchain companies which we have listed.
With the amount of attention blockchain technology has been attracting, here is the list of the leading Blockchain Development Companies you can work with.
7. MLG Blockchain
How can you select the right partner from the listed Blockchain Development Companies?
While hiring the blockchain developer for your blockchain project, ask as many questions as possible and expect them to answer your queries eminently.
Here are some of the questions that you can consider before hiring a blockchain company:
It is essential to consider the blockchain portfolio of the company while choosing them. Before you sign off a blockchain project with any organization, ensure that the blockchain company has provided scalable blockchain solutions to startups or enterprises.
Ask if the blockchain development company has worked on public, permissioned, or both platforms? It is a must to have a portfolio on blockchain technology while looking out for a blockchain company.
2.What is the technology stack they work on?
Knowing about the portfolio is not enough; you also need to ask about the company’s technology stack and tools to manage the projects.
Ensure if the blockchain company works on the latest development tools and platforms or not. Hire a full stack development company that also has in-depth knowledge of various front-end and back-end technologies other than blockchain.
Also, ask if they use enterprise-grade project management tools like Jira, Confluence, or Pivotal Tracker to track every project’s progress.
3.Where is the team located and if it works in your timezone?
While you lookout for a blockchain company, ensure to check the strength of the team.
The team’s size shows how well a company can do and if they can complete the project within the decided time frame. Do not forget to ask where the development team is located and if they are available to communicate or work according to your timezone or not. Make sure to check LinkedIn or other professional networks of the company’s technical experts to recognize their experience in the blockchain field.
The blockchain company you choose should be able to identify whether your project needs a blockchain solution or not. Considering all these factors can help you find the right partner without any effort.
If you are searching for a top blockchain company with in-depth domain knowledge that has worked on various blockchain projects, contact the team of blockchain developers at LeewayHertz.