Top Blockchain Development Companies 

How to Find and Hire the Best Blockchain Development Company for Your Business

Blockchain is an evolving technology. When it was invented, few people thought of its possibility of paving the way to digital currency alternatives, as it is. Now that its price is surging upwards and more govt and financial entities are warming up to it, many Blockchain service providers are popping up. You cannot choose any random blockchain development firm in this regard. Use the following parameters to assess the agencies offering Blockchain development services.

1. Choose a veteran agency- Blockchain has been on the scene since 2008. However, the number of agencies offering Blockchain services has been growing in recent years. It is prudent that you choose an agency that has been operating for a long time. 
2. Range of packages- When assessing the blockchain app development companies, you need to check out the range of packages being offered by them. Find out which cryptocurrencies it is capable of working with. The top agencies offer support for cryptocurrencies like Ethereum, Hyperledger, and Bitcoin, among others. 
3. Expertise- The ideal Blockchain service provider should be capable of setting up a new Blockchain driven system from scratch. It should also be capable of migrating from older systems based on this technology. It is better if the agency is well versed in programming languages and technologies like PHP, JavaScript, etc. 
4. Work samples- When dealing with a company offering Blockchain development services, it is necessary to check out its work samples. Then you will understand if it is right for your business requirements or not.
5. Clientele- You have to check out the client base of a Blockchain development agency before signing up for its services. It is better if the company has already worked for one or more clients belonging to the same niche as your business. 
6. Response type- A reliable and professional Blockchain development company will not back out from resolving client queries. You may have multiple queries regarding its services, and it is also necessary to learn the nuances of pricing. Besides, you have to figure out if the agency is well versed in emerging technologies in the realm of Blockchain. Evade an agency trying to evade your queries.
7. Feedback and image- Check out the feedback of clients of the Blockchain development agencies online. Explore the agency website as well as its social media profiles for this. 
8. Terms of service- You have to find out the nuances of service terms of a company offering Blockchain services. It is not only about pricing. You also need to know about its support policies. It is important to know if it adheres to the latest safety protocols pertaining to Blockchain development or not. 

The Latest Trends in the Blockchain Development Arena

Before you sign up for any Blockchain development agency, it is important that you are aware of the latest and emerging trends in the Blockchain sector. That will help you in assessing the contenders better.

1. Growth of the global Blockchain market- This is something nearly all Blockchain sector experts are hinting at. The COVID-19 pandemic actually expedited the digital transformation, and the blockchain sector, too, got affected. By 2025, the global blockchain market will grow to USD 39.7 billion, as per the data. In 2020, it was estimated to stand at USD 3.0 billion. 
2. Covid-19 lingering will boost the sector- Despite the arrival of vaccines in different parts of the world, the Covid 19 pandemic is far from over- warn the health experts. New mutant strains have arrived too. So, people will keep on using digital transaction methods, and they will get accustomed to newer means like those powered by Blockchain technology. So, it is fair to say the lingering effects of the pandemic will speed up blockchain transition and wider adoption. 
3. Safe digital technology seekers will embrace Blockchain - In recent years, the loopholes of popular and prevalent digital payment systems have been exposed. Instances of debit card cloning, credit card frauds, and wallet scams have made headlines. These incidents have made headlines, and the users are now wary and anxious. A lot of people are seeking safer digital payment options. Blockchain technology comes across as a viable alternative for these users. 
4. More adoption by MNCs and Corporate entities- Already, a number of technology giants and famous financial entities have embraced Blockchain technology, and some others are dabbling with it. However, in the near future, this trend will grow. More corporate users will warm up to Blockchain. 
5. China is leading the Blockchain race- While the leading companies in Europe and the USA are making major strides in Blockchain development, it is China that will take the biggest leap in this sector. It's a much-touted "new infrastructure" national initiative, and Blockchain-Based Service Network will make Blockchain an embedded part of the digital infrastructure of the country. The Chinese government aims to play the role of a provider offering global public infrastructure through this technology. While the European countries are making plans to unveil their versions of Blockchain-based Digital currency, China's Crypto yuan is all set to roll!

Banking sector embracing Blockchain- Ironically, it was the banking sector that was a major opponent of Blockchain deployment a few years back. However, in 2021 some of the largest international banks are expected to embrace Blockchain technology.

Summing it up

The Blockchain sector is growing, and you can now find more blockchain service providers than ever before. At Companies List, we offer a database of companies offering such services. You can count on us to find the top blockchain development companies.