Do you know that people find it harder to hire Blockchain Developers than hiring AI specialists?
This might come as a surprise, but the demand for blockchain experts has always skyrocketed and there is no sign of this demand slowing down. Even LinkedIn agreed that Blockchain Developer was the most in-demand hard skill since 2020. But one might say that this high demand is due to the skill set Blockchain Developers bring to the table. The term “Blockchain Developer” might seem simple, but the tasks aren’t.
These experts not only need to be well-versed in cryptographic techniques but also need to master multiple programming languages, dApps, and smart contracts. Not to mention that they also require knowledge in several other areas like finances, marketing, economics, and legal implications. These significant shortages of skilled blockchain developers have made the process to hire blockchain developers highly competitive. Despite these challenges, the value that experienced blockchain developers bring to a project cannot be unrewarded.
If you are still stuck with any concerns, keep reading we will discuss the elements that revolve around this “hiring blockchain developers” process. It would be great if we begin by discussing the key reasons for how and why hiring blockchain developers can be a game-changer for your business.
Why Should You Hire Blockchain Developers?
Given these challenges, let’s explore why the effort to choose blockchain developers is worth it. Here are the top 3 reasons justifying why the idea of hiring blockchain developer is the best.
Experiencing the full potential
One of the prominent advantages of hiring a blockchain developer is that you get to enjoy the full potential and skillset of the said professional. From decentralized applications to integrating smart contracts, these developers will apply techs to your business, ensuring it stands out. They have the expertise to harness the drop-end potential of the blockchain, allowing you to not only follow the trend but also set them by yourself.
Improved Security
Blockchain technology is well known for its comprehensive security characteristics. It eliminates the chances of data breaches, cyber-attacks, and the risks of hacks or scams. Thus, blockchain tech plays a significant role in safeguarding and maintaining data privacy, resulting in to hiring of blockchain developers. With their expertise, you can rest easily knowing that your business is protected by one of the most secure technologies out there.
High Performance
By hiring blockchain developers, you can be assured of your project’s performance. They ensure your blockchain solutions run smoothly and efficiently, handling high volumes of transactions without breaking a sweat. Also, being in the industry the developers have a good grasp of the industry trends, and what might work and what not. The said high performance is crucial for maintaining user trust and satisfaction, especially in fast-paced industries like finance and supply chain management.
Understanding the advantages when you hire blockchain developers might have solidified your perspective on their value. Even so, for a truly successful hiring process, it’s crucial to consider several key factors before choosing one.
Curious about what these considerations are?
Factors to Consider While Hiring Blockchain Developers
This section outlines the crucial factors that need to be taken into account before you hire blockchain developers. Ensure you check these boxes to achieve a successful outcome, making the most of your investment.
Understanding the Basics
First and foremost, make sure you are well aware of the basic concepts of blockchain technology and the tech influence it possesses. Knowing well about blockchain functionality, principles, smart contracts, consensus mechanisms, and other various revolving factors is essential to proceed further. Additionally, be aware of how the blockchain can influence several industries. And if the tech also has the same impact on your chosen industry.
Define your goals and objectives
Before beginning to hire a blockchain developer, it is essential to determine your business goals and objectives. What exactly do you want to do with this blockchain tech? Whether be it developing a blockchain application or enhancing existing one security systems, it is important to have a clear vision. This plays a vital role in finding and hiring the right blockchain developer, who aligns with your needs.
Fix the budget
Every project has its own value and budget, and so does your business plan. It is always best to fix the budget before straight up jumping in the process. Moreover, you might have the impression that Blockchain development can be costly. But remember it is an investment that is worth spending. Determining the budget early will cut down the alternate options and the budget quote defines how much the project can be customized. Also, keep in mind that it may be tempting to go for cheaper alternatives, but quality and expertise often come at a price.
Analyze the industry for experts
As the blockchain industry is booming, there’s no shortage of professionals. Furthermore, finding the right fit for your project requires a thorough and detailed analysis of the competitive market. Hire blockchain developers with a proven track record and relevant experience. Check out the forums, LinkedIn profiles, websites, and portfolios to refine your search for an expert. Don’t forget to look after reviews and testimonials from previous clients.
Evaluate Technical skills and proficiency
Blockchain development demands a high level of tech proficiency and expertise understanding of various industries. Thus, when evaluating potential hires, it is advised to look out for their expertise in relevant programming languages like Solidity, C++, Python, and JavaScript. Familiarity with blockchain platforms is also crucial. Also, make sure that they are following. aware of trending tech stacks and how much expertise they possess in handling them.
Customizable Solutions
Every business is unique, so each has a different level of blockchain needs. Thus, when you hire blockchain developers ensure they take a personalized approach to your project. They need to work closely by understanding your business objectives and requirements to deliver customized blockchain solutions that align perfectly with the business goals. Whether enhancing data security or automating processes with smart contracts, everything needs to be tailored. This customization helps you stand apart from the crowd.
Choose between Freelancers and Companies
When hiring blockchain developers, you can possibly go with two options, either pick a freelancer or a professional blockchain development company. Based on your project’s goals and budget, it is up to you to choose which you are going to pick. Yet, the complexity and dynamic nature of blockchain projects suggest opting for professional blockchain development services is often the best choice.
These are the important factors that need to be considered when hiring blockchain developers. But, mostly when you look to hire blockchain developers, many are freelancers. Besides, you cannot always expect the same level of work from a freelancer as you would from an organized company. Blockchain development Companies like Coinsclone offer structured and hierarchical approaches. Separate teams of experienced blockchain developers, and strategists will work together on your project goals.
Not sure how?
Why Hiring Coinsclone’s Team of Blockchain Developers is the Smartest Choice?
Choosing a professional company like Coinsclone can make all the difference in the success of your blockchain project. The expertise tech knowledge and a support system focusing on each phase ensure that your project stays on track moving towards your goal.
Team of Professionals
With nearly a decade of experience in the blockchain industry and a track record of completing 150+ successful projects, we are well-versed in blockchain development. Our developers work with business consultants, strategists, and specialists in various fields to handle every aspect of your project with expertise.
Usage of Futuristic Tech Stacks
By utilizing the most advanced and futuristic tech stacks, you can stay ahead in the competitive market of blockchain development. The developers are proficient in the latest programming languages, frameworks, and tools, ensuring that your project leverages cutting-edge technology. Advanced techs like Solidity, Angular, React, nodeJs, and many more industry-leading frameworks and technologies are utilized to enhance the performance of the project.
Transparent Communication
Coinsclone maintains open lines of communication throughout the development process, making the entire process transparent. The clients are always regularly updated about the live status of the project. This communication is handled by the responsive team, who are always ready to address concerns and queries. We believe that transparency builds trust and reassures that your project is staying on track.
Single Packaged Services
Usually, you may need to hire blockchain developers, digital marketers, business analysts, and so on to run your project successfully. You can eliminate this by choosing a Blockchain Development Company like Coinsclone, which offers services mostly in a single package. We have a dedicated individual team from several business sectors each focusing on your shared goal. From consultation to deployment, everything is done under a single roof saving you time and effort while ensuring quality.
No risks or fraud
Opting for freelancing blockchain developers might have chances of exposing you to potential risks and fraud. So, choosing a renowned blockchain development firm like Coinsclone promises a secure and trustworthy experience. The successful project portfolio stands testament to the services Coinsclone offers, protecting your project from any potential threats or scams. The reviews and testimonials of the company ensure that your project is in safe hands.
However, there isn’t much difference. When deciding whether to hire blockchain developers or go with a blockchain development company, the lines might seem blurred. In the first case, it is a straightforward method where you hire blockchain developer based on their skills and pay for the services they offer. On the contrary, when you go for a professional blockchain development agency like Coinsclone, you’re not just hiring a single blockchain developer. You get an entire team of blockchain experts, along with additional support teams to work on your project.
Now this might get you thinking about…..
Blockchain Development Services offered by Coinsclone
The professionals of Coinsclone offer numerous Blockchain Development services.
Blockchain Consultation Services – Coinsclone offers blockchain consultation services, assisting businesses to understand the potential of blockchain technology and help to plan out strategies aligning with business goals.
Custom Blockchain Development – Custom blockchain development services are specifically designed to meet the unique requirements of each business, creating private, public, and hybrid blockchain networks based on business needs.
Crypto Exchange Development – Our developers specialize in secure and scalable crypto exchange platform development equipped with advanced trading features promising a secure and seamless trading experience.
Crypto Wallet Creation – Coinsclone develops crypto wallets that support multiple cryptocurrencies. These wallets provide users with a versatile storage solution, with top-notch features. They are compatible with web, mobile, and desktop platforms.
Crypto Payment Gateway Development – We specialize in developing crypto payment gateways that facilitate smooth and secure cryptocurrency transactions, enabling businesses to accept global payments easily.
DeFi Platform Development – We create robust and secure DeFi platforms like DeFi lending and borrowing systems, Staking platforms, Decentralized Exchange platforms, and dApps by integrating necessary AMM protocols to facilitate efficient trading.
NFT-based Development – Our blockchain developers are proficient in building NFT-based projects like NFT Marketplace Development, NFT minting Platforms, and NFT staking Platforms to buy, sell, trade, mint, or stake NFTs to generate revenue.
Crypto Token Development – Hire our developers to create custom tokens on various blockchain platforms. We provide end-to-end solutions for launching ICOs, and several other crypto-based fundraising projects helping from token creation to fundraising.
With these many exquisite types of services provided by blockchain developers, it is natural that one may wonder,
Cost Included in Hiring Blockchain Developers
On an average note, the cost to hire a blockchain developer can range between $45 – $70/h. But, note this isn’t the fixed rate. Remember how vast the blockchain use case is and how much influence it holds in several industries? So before going to look over cost, consider the industry sector that you are going to adopt. For instance, whether you’re in finance, healthcare, or supply chain management, the industry sector you’re choosing will influence the overall Blockchain app development Cost.
Apart from industries, certain factors have a strong say in the final cost when planning to hire blockchain developers. The complexity of the project, the specific service chosen, the tech stacks employed, the integrated features, the security mechanisms adopted, and the expertise of the blockchain developers all play a significant role in determining the final cost.
To summarize,
If you still have questions lingering about whether is it worth hiring a blockchain developer, think of it this way “A penny well spent is a penny invested”. The money and time you spend on such innovation is never going to drag you down making the investment well worth it. Blockchain tech has been viewing innovation and advancement daily not even a sign of slowing down, so why should you?
FAQ – Frequently Asked Questions
How to hire Blockchain Developers?
Start with defining your project requirements and explore the tech market, and forums to find suitable candidates. Review their portfolios, client reviews and assess if the technical expertise is best fit with your project needs before making a hiring decision.
Should I hire a blockchain development company or a freelancer?
This purely depends on your project requirements and the budget you planned out. Yet, for complex blockchain-based projects, and to avoid any risks, it is suitable to hire blockchain developers from a renowned blockchain development firm.
Which industries use Blockchain Technology?
Blockchain technology has influenced numerous industries, including finance, healthcare, supply chain management, education, entertainment, and many others.