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October 26, 2024
Table of Content
Blockchain technology has seen significant growth in 2024, setting the stage for its continued progress into 2025.
According to a report published during the month of July 2024, it is stated that the global blockchain market size is estimated to grow from USD 201 Billion in 2024 to USD 248.9 Billion by 2029 at a compound annual growth rate of 65.5%. It's huge, isn't it?
But, what is the reason behind this huge surge? Any guesses?
This surge is driven by its transformative potential across various sectors like healthcare, finance, supply chain management, and many more.
For example, the healthcare sector is using blockchain for securing patient data, while supply chains are using it to enhance transparency.
Through this, it is evident that Blockchain is slowly taking shape in almost all sectors.
Now are you ready to take a look at the top blockchain development companies?
Here it is!
Fourchain Technologies is a leading blockchain development firm that excels in creating custom blockchain solutions and smart contracts for diverse business needs.
Founded in the year 2024, by an energetic team with cumulative experience of 20+ years in blockchain landscape, offers a variety of services including consulting, development, and maintenance of blockchain applications.
In addition to this, the company emphasizes a user-centric approach, by collaborating closely with clients to deliver customized solutions that meet their requirements.
Cost of Development: Varies widely based on project scope
Number of Employees: 30+
Established Year: 2024
Headquarters Location: India
Established in the year 2005, Antier Solutions is a prominent blockchain development company focused on enterprise solutions.
With over 1,200 successful projects delivered globally, the company offers a diverse range of services including blockchain consulting, smart contract development, and artificial intelligence solutions.
The company focuses on emerging technologies such as the metaverse, and provides businesses with innovative solutions to enhance their operations.
Average cost of development: $25-$50
Number of Employees 500-1000
Established Year: 2005
Headquarters Location: Punjab, India.
LeewayHertz, a prominent blockchain development company, delivers custom blockchain solutions crafted specifically to meet diverse business needs.
They are specialized in blockchain application development and consulting. With more than 15 years of experience, LeewayHertz has successfully completed 60+ blockchain projects across various sectors.
Through this, they have showcased their expertise in platforms such as Ethereum, Hyper ledger fabric, and much more.
Average cost of development: $10,000 - $25,000.
Number of Employees: 100+
Established Year: 2007
Headquarters Location: San Francisco
Founded in 2009, and headquartered in Riga, Latvia, Axioma focuses on creating both centralized and decentralized systems for secure cryptocurrency exchanges and storage including mobile wallets.
They have expertise in the development of smart contracts and decentralized applications (dApps), making them a key player in the fintech world!
Notable works of Axioma include partnerships with major banks and financial institutions to implement blockchain technologies.
Average cost of development: $100-$149/per hour
Number of Employees: 240
Established Year: 2009
Headquarters Location: Riga, Latvia
Empirica is a famous blockchain development agency that has established itself as a leader in innovative blockchain solutions since its establishment in 2010.
The company specializes in providing blockchain solutions across various industries.
Their services include smart contract development, digital asset management, cryptocurrency algorithm trading platform, and ICO investor portals.
Average cost of development: $100- $149/per hour
Number of Employees: 50
Established Year: 2010
Headquarters Location: San Francisco
Innovecs is a leading global blockchain development company founded in the year 2011.
With over 500 successful projects Innovecs has secured a position in the blockchain development landscape.
The company is specialized in offering money transfer solutions, and distributed document management.
Average cost of development: $25-$49/ per hour
Number of Employees: 1000
Established Year: 2011
Headquarters Location: New York
EvaCodes is a blockchain-based company that started in the year 2019. The company focuses on developing smart contracts and dApps positioning itself as a prominent blockchain development institution.
With headquarters in Ukraine, it has completed 50+ projects in the Web3 and blockchain sectors in the past few years.
They have launched multiple Initial Coin Offerings (ICOs) for clients, and earned a very good collection!
Average cost of development: $20- $70/ per hour
Number of Employees: 50-100
Established Year: 2019
Headquarters Location: Ukraine
ConsenSys is another famous blockchain development company specializing in Ethereum technology.
It is known for developing essential tools that support the growth of decentralized applications (dApps) on the Ethereum blockchain.
ConsenSys secured a significant position in the blockchain space, especially with its flagship products like MetaMask and Infura.
Average cost of development: Varies widely based on project scope
Number of Employees: Over 1,000
Established Year: 2014
Headquarters Location: Brooklyn, NY
Markovate was started in the year 2015, and it specializes in integrating artificial intelligence with blockchain technologies.
By having a strong stand on developing AI-driven blockchain solutions, Markovate specializes in creating applications that have increased transaction speed and overall efficiency within the blockchain network.
Within the last 9 years, the company has delivered 300+ successful projects, thus making a mark as a leading blockchain development company!
Average cost of development: $25-$49/ per hour
Number of Employees: 50-100
Established Year: 2015
Headquarters Location: San Francisco
The last one on the list is Chain, a well-known blockchain development company, specializing in the development of private blockchains.
The company has made significant achievements by collaborating with major financial institutions to enhance their operations through innovative blockchain solutions.
Chain has recently launched Chain Cloud 2.0, a new platform that makes it easier and faster to set up and manage blockchain nodes.
Average cost of development: $25-$49/ per hour
Number of Employees: 100+
Established Year: 2014
Headquarters Location: San Francisco, CA
But, you might wonder on what basis this list has been prepared.
In the next section, we will view that!
When choosing a blockchain development partner from this list, you have to find answers to a few questions. Don't worry I have listed the questions below;
Experience matters the most! Look for the company’s experience in the industry. And analyze the successful projects they have delivered so far.
Before signing the agreement with the company, ask them about the technologies they use. And ensure whether it aligns with your business goals are not!
People find location to be a least considered one. But, to be honest it does play a vital role. Because if the particular company is not in your country, probably there will be a difference in time zone. So, make sure whether they operate in your country’s time zone or not.
Some companies provide post-launch support themselves, but some don’t! So, you have to make arrangements separately.
Note: You are not restricted to the above-mentioned questions, these are just samples to guide you!
By analyzing these questions thoroughly with potential partners, you can ensure that you are selecting the right fit for your business venture in this growing blockchain market.
Are you looking for blockchain development services?
Then Fourchain will be your right partner in this journey!
With an expert team, we are here to help you in commencing your successful business venture.
Connect With Us Now
Fourchain is the premier IT solution provider to help businesses in making a change for the global industry. We are industry-equipped professionals with a passion for taking business to the next level.
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