Blockchain has revolutionised how businesses function due to its ability to improve efficiencies and aid growth. It has especially proven itself in sensitive business segments like banking and finance, where information security is crucial.Due to the widespread adoption of blockchain, various service providers offer related app development services. Finding the reliable one can thus be a challenge. This guide will help you understand how to go about choosing the best blockchain development company for your next project.

8 things to know when choosing the best blockchain development services provider

Here are some tips for identifying a reliable blockchain app service provider.

• QualityQuality matters the most as it will eventually decide the services you can expect to receive from the blockchain app development company. So even if you have a lower budget, prioritise quality over everything else.You may come across several service providers who offer their services at cheaper rates. Focusing only on the pricing aspect will likely impact the overall quality of your project.Regarding assessing the service provider's quality, look for the experience level of their project managers and developers. In addition, look for specific skills when evaluating the experience of developers. For example, you can gauge their understanding of the development of smart contracts. Another few aspects to check quality are testimonials from past clients and a portfolio of projects.

• ExperienceThe service provider should have worked on past projects that match the scale and other critical aspects of your requirements. For example, if you are from the finance industry, the service provider should have ideally worked with companies in this domain. It will make them well-qualified to understand finer nuances like security measures and their importance in an industry as sensitive as finance.

• SecurityYour blockchain project needs to be as secure as possible from possible intrusions. A reliable service will be able to offer enough security measures to give you confidence with the implementation of the project. For example, you may need robust encryption systems that protect smart contracts.

• Customer supportYou may need support and guidance when you receive the final product. Look for a blockchain development company that prioritises customer support. They should assign you a professional for implementation support. Your contract should also include this in terms of avoiding issues later.

• Technology stackThe basic philosophy of blockchain technology is the same. What changes in the functionality of blockchain-based technologies? Ripple and Ethereum, the two leading options, have different roles. If you are looking to enable transactions across countries, Ripple is a better option. Ethereum is ideal for smart contracts, as you can build decentralised applications of varied types.

• Due diligenceDue diligence is a critical step you need to take after shortlisting a few prospective blockchain app development companies. You should be particular about this step to ensure you do not waste time and money on an unqualified company. You can also test the commitment levels of the service provider by checking their expertise and skillset.Besides your primary research, consider getting a second opinion. You can do this by getting reviews of past customers. Ask those companies about their experience of working with the service provider.

• Long-term visionIrrespective of the budget you have for your project, think of building a long-term solution. It will help you avoid a situation like redoing things again because they did not happen the right way in the first place. For example, if you have a low budget, consider choosing a mediocre service provider.That may prove counterproductive in the long run. Cheap only sometimes means reliable, and you may encounter issues later. Look for solution providers that maintain quality, no matter what.

• Adherence to timelinesYou should ensure that the blockchain development company will meet the timelines. You would not want to avoid any unexpected delays affecting the project launch. Ask for a clearly-defined timeline that includes a detailed overview of the completion of the project at each step. Then, you can ensure things remain on track and the project completes at the expected time.

Bottom line

Choosing a blockchain app development company is easy if you follow the basics. While budget is one of the considerations for any project, ensure that it only covers some things. You want a reliable blockchain-based solution that lasts for years and delivers a good ROI.If you are looking for a reliable blockchain services provider, Arcana Network can help. We are an ownership, security, and privacy-focused company on a mission to make it easier for businesses to adopt blockchain technology. Contact us today to learn more details about our services.

About Arcana Network

Arcana is Web3 infra for devs to launch and scale apps through its Auth, Store, and Access SDKs. Web3 apps use Arcana’s SDK to authenticate users with Social and Passwordless Auth and create non-custodial wallets, Store Encrypted/Unencrypted  Data, and Manage Access. Built for Ethereum and EVM-based chains, with Arcana’s privacy stack, developers can build secure and privacy-preserving apps with a seamless user experience.Arcana has raised 2.7Mn USD from some of the leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, and Digital Currency Group.Watch out for Arcana’s upcoming Mainnet in December 2022. Want to know more about our Mainnet features? Book a demo.

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