Hire Blockchain Developers | Blockchain Development Company
If you want to launch a blockchain project yet are not a developer, the process of hiring a technical partner might be painful. Since blockchain is a new technology, it is difficult to find experienced professionals to implement an idea the best way. Next, this article will tell you about blockchain development peculiarities and how to find skilled specialists to launch projects of this complexity.
Blockchain is one of the most advanced technologies requiring safety, accuracy, security, transparency, and decentralization. The experts predict the global blockchain market will grow from 3 billion dollars in 2020 to 40 billion dollars by 2025. Average annual growth will reach an incredible 67 percent. Blockchain will be employed in a wide range of sectors: finance, logistics, accounting, marketing, documentation processing, elections, fiscal, and many-many others.
However, blockchain is a complicated technology with its features, advantages, and disadvantages that those who want to employ it must first be analyzed. It is even more crucial to use blockchain to optimize the business process for real enterprises.
Ethereum supports smart contracts. It is the most popular network to launch and deploy smart contracts and decentralized applications, making it the most secure (more participants = more security). Yet, Ethereum is relatively slow, and the fees are too high (at least until the release of Ethereum 2.0). Hence, many start-ups search for alternatives and use Polkadot, Solana, or Binance Smart Chain blockchains.
The cost of development is another unique thing about bitcoins. According to various researches hiring a blockchain developer is 20-30% more expensive than hiring a regular programmer. There are a few experienced professionals, and the demand is higher than the offer. Hence, the price of blockchain development is more heightened. According to Codementor, the average hourly rate of a blockchain developer is 80-100 dollars, while a standard backend developer is 60-80 dollars per hour.
As you might have understood, unlike the other advanced technologies like virtual and augmented reality, implementing blockchain solutions (Dapps, NFT, DeFi) requires highly qualified specialists. The situation is even more complicated if you need a complex solution that will function along with several databases or participants (e.g., cryptocurrency exchanges, marketplaces, or platforms supplying chains).
Many business owners spend a month finding a single worker to find the right and qualified talent. In this case, the best solution is outsourcing the development to a company focusing on blockchain development.
Next, this article will tell you about such a company. Furthermore, it will show you where to find these companies, what things to consider while choosing a company, and how to boost the process of searching for a company in just a few simple steps.
When you search for the right blockchain development company, the first thing to do is define your business idea. Then you will need to understand your target niche and study the competitors on the market (at least subtly). The more clearly you see your ideas, the easier it will be to find a company to implement them.
For example, if you want to launch an NFT platform, you will need a blockchain marketplace development team that understands the technology of non-fungible tokens. If you want a website targeted at a specific sector (sport, music, real estate, art, etc.), it is better to have experience in that sector.
If you know what blockchain solution you need and what team it requires, you can search for possible candidates. You may use platforms like LinkedIn, Clutch.co, Goodfirms.com, Upwork, and Toptal, or blockchain-focused ones like Coinality, Blocktribe.com, Cryptojoblist.com, Crypto.jobs, Beincrypto.com, or BountyOne. These websites offer you companies focusing on blockchain solutions. There you can study their rates and portfolio,
Of course, this will be a very superficial analysis, which will give only the most essential things: whether the company works with blockchain, whether there is an experience in the direction you need, where the company is located, and how old the company is. Furthermore, these websites share contacts and links to the developer’s website to find more specific information like services, portfolio, cases, feedback, etc.
You may use this information to remove the developers that do not fit your purposes from the list. Thoroughly study the following things to make it successful.
A vast and detailed portfolio is the main criteria in hiring a blockchain development company. The best way to understand if a particular team can do something for you is to see what they have done for other developers. For example, if you need a platform to trace the supply chains like Wide Wine, you will need a developer with a similar project in the portfolio.
Next, you will need to see what the clients and employees say about your candidates. The client’s feedback is often on platforms like LinkedIn, Clutch.co, Goodfirms.co. Yet, trust them only if you can see the name, surname, place of work, position, and social media link of the person who wrote the feedback.
Moreover, you must understand that a low price is not about poor quality (while a high price does not guarantee excellent quality). Apple, Google, IBM, and other IT giants often give a part of the development of their project to outsourcing in ‘cheaper’ countries that keep the same level of quality of their IT products on the market.
As a leading blockchain, cryptocurrency, and DeFi, NFT, and Fintech solutions company, Merehead offers extensive technical support to launch projects of any complexity. We have experience building blockchain solutions in finance, e-commerce, logistics, video games, insurance, medicine, and other areas.
Our company can help you rapidly and easily: