If you want to start a blockchain startup but don't know how to code, finding a technical partner might be difficult. Because blockchain is such a new technology, it might be difficult to locate qualified individuals who can properly implement a concept. Following that, this essay will discuss the characteristics of blockchain development and how to locate experienced people to establish projects of this magnitude.
What makes Blockchain development unique?
Blockchain is a cutting-edge technology that demands security, accuracy, transparency, and decentralization. According to experts, the global blockchain market will grow from $3 billion in 2020 to $40 billion in 2025. The average annual growth rate will be 67 percent. Blockchain will be used in a variety of industries, including banking, logistics, accounting, marketing, document processing, elections, and taxation, among many others.
However, because blockchain is a difficult technology with its own set of features, benefits, and drawbacks, people interested in using it must first research it. It is even more critical to use blockchain to improve real-world business processes.
The cost of building blockchain solutions:
Another unique feature of bitcoins is the cost of development. Hiring a blockchain developer or blockchain development solution in USA is 20-30% more expensive than hiring a standard programmer, according to numerous studies. There are a few skilled specialists available, but demand exceeds supply. As a result, the cost of blockchain development has increased. A blockchain developer's hourly rate is 80-100 dollars, according to Codementor, whereas a regular backend developer's hourly pay is 60-80 dollars.
What factors should you consider while hiring a blockchain developer?
As you may have guessed, unlike other modern technologies such as virtual and augmented reality, blockchain solutions (Dapps, NFT, Defi) necessitate the use of highly experienced professionals. If you need a complex solution that will work with multiple databases or participants, the situation becomes even more complicated (e.g., cryptocurrency exchanges, marketplaces, or platforms supplying chains).
Define your project's concept and goals:
The first step in finding the right blockchain development company is to define your business idea. Then you'll need to figure out your target niche and research your market's rivals (at least subtly). It will be easier to select a firm to implement your ideas if you can see them clearly.
Make a list of your potential candidates.
You can look for potential candidates if you know what blockchain solution you need and what team it will take. LinkedIn, Clutch.co, Goodfirms.com, Beincrypto.com, and BountyOne are some of the platforms you can use. These websites provide you with companies that specialize in blockchain solutions. You can look over their rates and portfolio there.
Portfolio of the company:
The essential criterion for selecting a blockchain development business is a large and extensive portfolio. The easiest method to figure out if a team can help you is to look at the work they've done for other developers.
Client comments and feedback
The next step is to find out what your applicants' clients and coworkers have to say about them. Client feedback is often shared on venues such as LinkedIn, Clutch.co, and Good firms.co. However, only believe them if you can see the person's name, surname, place of employment, position, and social media connection.
Make a decisive decision:
Choose a developer who fits all of your needs, knows what you want to do, and has the greatest quality and pricing offer. You'll need a blockchain development company with token launch examples in their portfolio if you're planning to produce your cryptocurrency or launch an initial coin offering.
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