The Best Blockchain Software Development Companies in 2023

1. Reputation

The point of this article is to help you choose the best blockchain development company for your project – which includes a lot of in-depth research on each one. But, as blockchain solutions have become quite prominent in recent years, there are a lot of companies to choose from. So you first need to filter the 15 – 20 top blockchain companies you can focus on.

And the simplest way to do it is to use the companies on our list as the basis for your research, as they all have reputations for high client satisfaction. If you wish to do a bit of digging yourself, then you can use independent review platforms to see what ratings the companies have and what their clients have to say about them.

You can also browse the companies’ websites and social media to see what kind of social proof they put out. However, you should always take into account that a company will typically emphasize positive reviews and curate their social media presence, so that alone does not paint the full picture.

Once you have selected 15-20 of the best blockchain companies to focus on, it’s on to step two.

2. Previous Projects

The first deep dive that you should do is to check the experience each company has with providing blockchain solutions. The best way to find this out is to read a company’s portfolio. It should include all relevant information about previous projects that the company has successfully completed.

Demonstrable experience with comparable projects is the best indicator that a company can carry out a project in the manner you need it to. However, there is a small caveat here. Blockchain technology is a relatively young subfield of IT. Consequently, a company may not have had enough time to build an impressive portfolio.

In such cases, there is a workaround. The purpose of a portfolio is to prove that a company (and its employees) has the tech expertise necessary to complete projects. So, look for other indicators of expertise – certificates, industry awards, accomplishments – and you can even inspect individual employees to check their tech background.

Again, a company’s portfolio is the simplest and most accurate way to estimate how well it can do a job, but other indicators can also be used.

3. Tech Stack

Another way to estimate a company’s blockchain expertise is to take a look at its tech stack, i.e., the technology the company uses for its projects. Different blockchain solutions may require different types of tech expertise, so, for this step, it’s advisable to consult with your in-house developers to ascertain what tech stack is optimal for your project.

In general, a blockchain company’s tech stack should at least include several programming languages like Solidity, Node.js, Javascript, Angular JS, etc., and multiple blockchain-specific development tools like Remix, MetaMask, Geth, etc.

This step is also a good way to assess how innovative the company is. Because the blockchain domain is new, it’s constantly evolving, which also means that new tools are continually being developed. According to the tools a company uses, you can find out if it is keeping up with the latest innovations in the industry.

4. Consultation

Many blockchain development companies are willing to execute your ideas, but not all of them provide dedicated consultation services. However, in most situations, the optimal blockchain solutions for a specific project stem from knowledge sharing between clients and developers.

In fact, the best outcomes come about if a significant amount of time is dedicated to knowledge sharing and researching the best solution, long before the execution comes about. Consequently, the best blockchain development companies will not only execute your ideas but also help you crystalize them and find the best way to put them into practice.

5. Scalability

Planning for scalability is essential for blockchain projects. Since blockchain technology is often used for payment transfers and data storage and sharing, it is safe to assume that the number of users will increase over time. That also entails a higher strain on system resources, such as increased website processing and load times.

In simpler terms, a blockchain solution intended for 100 users will not function properly for 10,000. And you typically can’t simply expand the scope of your project as the time comes – unless the solution was created with scalability in mind. Thus, expect and demand that the best blockchain companies propose scalable solutions for your future growth.

6. Agile Methodology

Until now, we’ve discussed how you can find blockchain companies with the technical competence to complete your project. But there’s another important aspect to consider – meeting deadlines. That means that you should understand how the development process of the company you select works in practice and what project management methodology the company employs.

For software development projects, the gold standard is the Agile methodology. There are various frameworks for how Agile is put into practice, like XP, Lean, Scrum, Kanban, etc., but they have the same purpose – providing high-quality products and meeting deadlines, while doing continuous testing, listening to client input, and adapting to a given situation.

In general, you can expect the top blockchain companies to utilize an Agile framework for project management. However, it’s best to check. So, ask how a company’s teams are structured, what project management approach they take, what kind of support staff their teams have, and what kind of PM training their project leads have.

The end goal is to find a company that has the tech expertise to complete your project and the ability to coordinate internally and externally so that your project is delivered on time.

7. Availability

Finally, we have a practical aspect to discuss when you are outsourcing a blockchain project – availability. Blockchain projects, particularly larger ones, necessitate the inclusion of developers with a wide range of specializations. Smaller companies may have the necessary staff, but can they work on your project in the time frame you require?

When you are outsourcing a development project, you need to account for the fact that you are not a company’s only client. Thus, you should look for a company that can offer you a dedicated team where you are the primary focus.

Otherwise, your product may be unnecessarily delayed due to staff shortages, regardless of what the reason for the shortage is. You know how they say that life gets in the way? Well, you are looking for a company that is large enough to absorb any fluctuations, without your project suffering. 

Need To Find a Development Company for Other Projects?

We hope our list of the best blockchain development companies in 2023 and this guide have helped in your search. If you have other projects planned that require specialized skillsets from other areas of IT, we have similar lists of the most prominent companies – from DevOps to custom software development and everything in between. So check them out.