If you’re reading this, you probably have decided to leverage the benefits of blockchain technology into your business. And, now are facing the dilemma of whether to hire an established blockchain development company or freelance blockchain developers. The question isn’t as simple as it may seem; making the right choice requires looking at contractual models offered, core competencies and services provided.

Here is a comprehensive guide on hiring the right blockchain development company or freelance blockchain developers.

Freelance Blockchain Developers

A freelance blockchain developer works outside the typical 9-to-5 realm. Mostly, these developers are self-employed, meaning they pursue a career on a contractual basis. Let’s discuss the benefits and drawbacks of hiring a blockchain developer.

Advantages of Hiring a Blockchain Developer

Freelance Blockchain developers often have great work experience in different fields. They deliver the work faster as they dedicate all their time to a single project. Moreover, the freelance economy is very competitive; this causes lower rates among freelancers, helping you to hire at a lesser cost. If your project size is small or medium, hiring a blockchain developer as a freelancer will be the right decision. 

Disadvantages of Hiring a Blockchain Developer

Hiring a freelance blockchain developer is a big risk for companies, at first. Freelancers usually showcase their all-time best work in their portfolio instead of their most recent work.This makes it hard for the companies to analyze their capabilities of producing excellent work at present. These developers may seem outstanding during the selection process but then fail to deliver what they promise. Also, freelancers take no responsibility after the deployment; you need to employ more people for the support and maintenance of the project. If you believe you can manage that, then landing a blockchain development freelance contract will be a good budget option for you.

What is The Cost Of Hiring a Blockchain Developer?

According to the data from Upwork.com, a freelance developer charges $11-125 per hour. This means it will cost you around $2500 for an intermediate and $30,000 for an expert, with 8 hours per workday. This is a useful option if the organization already has a team of UX/UI designers, requirement analysis, content writers, and Quality assurance.   

Blockchain Development Firm

Hiring a Blockchain company comes with plenty of extra perks. It provides a full-fledged blockchain solution, from consultation to maintenance and support of the project. On the contrary, freelance blockchain developers will be responsible for managing only the development and deployment of the project. Once you provide the firm with all your design and software requirements, a team manager will look after all the processes inside the team. A blockchain development company will be able to grasp the accountability of your business requirements, due to its extensive experience in handling small to big size projects. These companies also help in cutting down costs as you don’t have to pay for administrative, electricity, and office maintenance expenses. 

How Much Does It Cost to Hire an Enterprise Blockchain Development Service Provider?

The complete cost depends on the nature, size, and complexity of the solution. The average cost range, provided by a specialized development company, is $5,000 to $150,000. This covers the cost of end to end services involving UI/ UX design, development, testing, deployment, and support.

Experts recommend consulting an experienced company over freelance blockchain developers as they comprise of well-structured processes, optimized framework, and a project manager who ensures timely delivery of the tasks. 

Blockchain Development Company Versus Freelance Blockchain Developers

Expertise To Search In A Blockchain Development Firm Or Developer

Understanding the skill set of a good blockchain developer will help you to distinguish between who can deliver and who will only disappoint.

  1. Great command over programming languages like C, C++, Javascript, Python, and Java.
  2. Expert in important concepts such as OOP, data structures, database, multithreading, and socket programming.  
  3. Solid competency in blockchain development technologies, including:
  • Blockchains frameworks (Hyperledger Fabric, EoS, Corda, and Ethereum)
  • The ethereum virtual machine
  •  Distributed ledger 
  • Smart contracts 
  • P2P networks 
  • Data security
  • Consensus methods
  • Tokenization 

4) Good knowledge of deployment

In a nutshell, an experienced blockchain developer is required to develop a sustainable solution as no ordinary software developer can do it. Along with examining a rich experience and broad expertise, it is essential to make sure that the firm or developer has an extensive portfolio. Ask them if they delivered an end-to-end enterprise-grade blockchain solution in the past or not. 

Best Blockchain Development Companies

1. Global Green Tech Solutions

GGTS is based in Singapore with another office located in the United Arab Emirates. The technological solution provider offers services in Hyperledger Fabric development, Corda development, EoS development, Ethereum Development, Virtual Reality, Augmented Reality, and Artificial Intelligence. The company has a proven work record in solving various existing industrial solutions using blockchain. Their outstanding services and customized solutions include consultation, UI/UX design, development, testing, deployment, and support. Their mission is to build purposeful projects that will solve real industry problems.

2. ELEKS

ELEKS works with fortune 500 companies and big enterprises in transforming their business. The company is located in Eastern Europe and has sales offices in Europe, the US, and Japan. 

3. OpenXcell

OpenXcell was established in 2009 and is based in the US. They are experts in building industry-grade blockchain apps for startups and enterprises. Along with a growing team of over 50 experts, they turn ideas into revenue-generating products.   

Where to Find Freelance Blockchain Developers?

Here is a list of online portals that can help you find experienced blockchain developers.

1. Upwork

Upwork is a global online portal where companies and self-employed individuals can connect and corporate easily.

2. Toptal

Toptal is the online freelancing platform solution that connects organizations with software developers, globally. 

3. BountyOne

BountyOne, itself, is a blockchain-based platform that bridges the gap between highly skilled crypto wizards and businesses. The platform accepts payment in Bitcoin and other cryptocurrencies.

3. CodementorX

CodementorX contains 60 highly skilled developers, available to achieve your goals. 

5. Hired

Hired matches qualified people with innovative companies.

Conclusion:

According to Juniper Research, 55% of big corporations are leveraging blockchain to make a useful impact in their business processes. Blockchain experts are rare and highly desired due to the growing need of blockchain integration in the business processes.

To gain a competitive edge, it is essential to employ the right talent which will deliver what was promised. However, the final decision is always yours, whether to appoint a freelancer or a company to develop your blockchain solution.