A Comprehensive Report on the Top Blockchain Development Companies in 2024 and Beyond.
With the popularity of cryptocurrencies and related applications growing at unprecedented levels, it is imperative that many businesses want to tap into this sophisticated technology. Currently, numerous enterprises, brands, startups, and individuals have started exploring the untapped potential lying within the blockchain space by unveiling unique use cases. As a result, the competitiveness of the market peaked in 2023, causing an urge among ventures to delve deeper into blockchains soon.
The global blockchain technology market is projected to grow at 85.9% CAGR from 2022 to 2030, which uncovers how rapid development and adoption have been among businesses. Meanwhile, the amount spent on blockchain solutions across the globe in 2024 is expected to reach $19 billion.
According to a Gartner survey, 60% of Chief Information Officers (CIOs) have planned to utilize blockchain technology in their workflows in the near future. A poll conducted by Deloitte revealed that 86% of technological teams feel that blockchains will become a vital part of mainstream life soon.
Considering all the overwhelming numbers, it is safe to say that blockchain development companies will have a stern role in launching business solutions for a diverse range of industries. As real-world world entities embrace blockchains to make their ramp up their operations, skilled service providers would have to strive hard to bring custom solutions alive.
From banking and logistics to gaming and creative arts, blockchains are set to redefine how our digital lives will look like in the future. In the meantime, the need for experienced teams to build unique decentralized business solutions will skyrocket as there are only limited providers with comprehensive expertise in the domain.
If you are planning to create a blockchain-based business solution and need to select a service provider, be sure to think of the following factors:
To lessen your pain a bit, we have conducted exhaustive research and brought the top 10 companies offering prolific blockchain development services in 2024 and beyond by answering the above questions.
Compiling the list of best service providers in the blockchain industry was a challenging endeavor, given there are thousands of ventures doing the same. Still, we managed to pick up ten among the thousands by looking closely at the following factors:
Blockchain App Factory
Blockchain App Factory is a top-rated blockchain development company with comprehensive expertise in all aspects of this futuristic technology. The firm excels in launching applications for businesses of all sizes across industries using its technological excellence. The company’s team is skilled in using numerous layer-1 and layer-2 blockchain networks to develop business-compatible apps.
Its team of over 500 employees across all facets of blockchain business development makes it easy for clients to conceptualize and realize their dream business model at competitive costs. Its marketing and support teams are also lauded for their skill sets and data-driven approach. The company has also recently entered the exciting sector of artificial intelligence with several notable products being delivered
$100 - $249 /hour
501 - 750
2016
Tokyo, Japan
Shell, McDonald’s, Globant, Brewan Howard, Li & Fung
ConsenSys
ConsenSys is one of the earliest blockchain service providers to enter the space, with its founder being a pivotal part of Ethereum’s development. Such prominence makes the firm well-liked among corporate giants wishing to tap into blockchain technology. Alongside offering custom services to clients, the company is also behind the popular crypto wallet MetaMask.
With its extensive provisions for developers and ecosystem in with Infura, Truffle, Linea, Besu, and Teku, ConsenSys empowers high-profile endeavors for tech giants. Its highly skilled workforce makes its projects technologically sophisticated while remaining easy to access for most users. It even offers a custom blockchain product, Quorum, that clients often utilize.
$750 - $999 /hour
751 - 1000
2014
New York, United States
Microsoft, AWS, Ernest & Young, Smart Dubai, P&G
IBM Blockchain
A part of the global computing technology provider IBM, IBM Blockchain emerged into the scene with Hyperledger in 2015. Since then, the company has been providing enterprise-grade blockchain solutions for renowned ventures in the USA and beyond. The firm primarily focuses on supply chain management and food and beverage industries.
Clients can build branded solutions using IBM’s blockchain platform with support from experienced developers. As a result, hundreds of high-profile ventures from leading technological corporations use some kind of IBM Blockchain’s products. Also, the firm’s emphasis on real-world industrial utilities makes its solutions reach all nooks and corners of the world, promoting efficiency and transparency.
$499 - $899 /hour
5001+
2015
New York, United States
Visa, Cigna Group, Elevance Health, PNC Financial Services
ChainSafe Systems
ChainSafe Systems has been a prime player in the Web3 industry with its all-around technological excellence. The company provides notable blockchain development services for clients, including consulting, prototyping, node implementation, external integration (tools, APIs, and libraries), and cryptography. The firm also offers military-grade audits for smart contracts written in Solidity.
Alongside its prolific services, ChainSafe Systems offers a suite of Web3 products for gaming, decentralized storage, and data encryption that numerous enterprises have used. Its technological expertise is portrayed well in its public goods that work on Ethereum, Polkadot, and Filecoin to accelerate Web3 adoption among businesses.
$399 - $699 /hour
101 - 250
2017
Toronto, Canada
Web3 Foundation, Palm NFT Studio, Push
LeewayHertz has emerged as one of the prominent blockchain development companies globally transforming from humble beginnings in software development. The company now has been behind 60+ high-octane Web3 projects that have tasted unanimous success. With expertise in multiple blockchain networks and related technological stacks, LeewayHertz prioritizes quality applications over anything else.
From developing custom blockchains to launching ready-made business-grade solutions, the company has the necessary teams to supplement clients’ unique goals. The firm has also ventured into artificial intelligence (AI) and has been delivering some impeccable products for clients recently. Notably, the company has a role in several real-world blockchain projects that have transformed industrial workflows.
$50 - $99 /hour
251 - 500
2007
San Francisco, United States
Klaytn, Filecoin, Tezos, XinFin
Infinite Block Tech
Infinite Block Tech is a medium-scale company offering enterprise blockchain solutions for ventures across the globe. The firm has been among the top service providers due to the presence of a dedicated team of blockchain experts across business facets working synergistically. It has delivered several valuable projects for startups and brands tapping into its expertise.
The company has three service arms – custom development, White-labeled products, and marketing. Each of these services has been rated highly by clients for the company’s professional nature and approach. The firm is known for handling development projects using a six-step workflow that emphasizes efficiency and quality.
$50 - $99 /hour
101 - 250
2016
Chennai, India
Polaris, DasCoin, Dash, Medical Cannabis
TurnkeyTown
TurnkeyTown is a leading company in blockchain-based business development with an ocean of experience in cryptocurrencies, NFTs, DeFi, and metaverses. The company offers working solutions based on blockchains for ventures of all scales across the world. With over 180 successful projects launched, TurnkeyTown has the necessary technological expertise in the industry.
The firm caters to clients from digital-first industries like gaming, media and entertainment, and web development to real-world industries like supply chain, mining, and real estate. The developer team excels in building solutions from the ground up and ready-made software while maintaining high standards. The company includes user-friendliness in its solutions, resulting in higher customer satisfaction levels.
$100 - $249 /hour
251 - 500
2016
Chicago, United States
One of the top four international accounting firms, Deloitte has been involved in providing services related to blockchain development for quite some time. The company offers end-to-end solutions for clients looking to enter the Web3 business space. Custom blockchain development, exchange development, blockchain integration, crypto custody services, asset tokenization, and corporate technological adoption are some of the top-notch offerings from the firm.
The company has built numerous projects in the domains of insurance, customer loyalty, healthcare, business licensing, and cross-border payments. The multinational nature of the firm lets clients access experts from all continents, resulting in solutions that align extremely close to their business needs.
$399 - $599 /hour
751 - 1000
2016
London, United Kingdom
Metlife, Morgan Stanley, Berkshire Hathaway, The Blackstone Group
Altoros
Altoros is an established Silicon Valley-native blockchain services provider that began as a software development venture. With access to state-of-the-art technology and new-gen thoughts, the company powers industrial clients across insurance, energy, telecommunications, supply chain, finance, and manufacturing. The firm lets clients find the ideal solution by providing them with the perfect frameworks that align with their business goals.
Altoros’ blockchain division also provides turnkey solutions that can be launched for commercial use within a matter of weeks. The team’s expertise working with Ethereum, Hyperledger Fabric, Quorum, and Corda makes it easy for corporate clients to adopt blockchain technology seamlessly.
$50 - $99 /hour
501 - 1000
2001
Pleasanton (Silicon Valley), United States
Russian National Settlement Depository
Inoru
Inoru fetches a place in our list of top blockchain development companies due to its working approach and novel solutions. The firm offers top-level business platforms for both virtual and real-world entities, making it a vital player in enhancing blockchain adoption. Its partnerships with Polygon, Ripple, and Avalanche make its products and services commendable in the Web3 space.
Inoru’s project management approach is one of the underrated in the Web3 services space as it emphasizes transparency with clients, irrespective of their scale and budget. With prowess in building both full-fledged and Whitelabel solutions, Inoru stands as a powerful firm offering comprehensive solutions for businesses.
$50 - $99 /hour
101 - 250
2011
Singapore
Anyswap, GSX Coin, Minty, Evai
While you have seen our list of the top 10 blockchain development companies, do not consider it to be conclusive. As we had discussed earlier, there are thousands of providers of such services, and different people might have different views of what makes a provider the best in its game.
If you are planning to work with one such service provider, do not forget to ask the below questions and anything else you want to have a clear understanding of. Knowing as much as possible about the provider before signing a contract can help your project development sail smoothly.
While having a company excelling with numerous blockchains is a big positive, working with limited and outdated software stacks will render the power of blockchains.
Ensuring what tools the firm uses for front-end development, back-end development, web design, testing, and APIs can ease your pressure during development.
Also, it will be great if the firm utilizes established workflow management tools to conduct your project development campaign smoothly.
Before planning to work with a blockchain development firm, it is important to know where it is located and what time zone it operates in. Learning these little details will be pivotal during the development journey as there will be a number of meetings (virtual/physical) between you and the development team. It would be nice if you could access the team at nearly any time of your convenience, both in-person and online.
Getting answers to these questions and more doubts relevant to your project can help you find the perfect development partner for your blockchain-based business project.
If you are in search of a well-known blockchain development company with all-around technological and business expertise, get in touch with Blockchain App Factory’s professionals!