Blockchain development is today’s most demanding solution in every industry. Whether it is retail, fintech, health, or education, blockchain offers effective and advanced solutions for all types of industrial needs. If you also want to incorporate blockchain technology you must have the essential knowledge to start with this technology.
Since I am also a blockchain developer, I know what people need to know to effectively utilize blockchain technology. And in this article, I will talk about how to get started with blockchain development.
What is Blockchain development?
Blockchain development is the process of creating software, web applications, and mobile apps with blockchain technology. It contains the development of blockchain-based applications for web and mobile devices. Therefore, to ensure you generate the best outcome from this technology, find the best blockchain development company that can build your high-class blockchain solution.
Blockchain is a decentralized and distributed ledger technology. It records information in the form of blocks across multiple networks. So in this way, blockchain makes it almost impossible to manipulate the data and provides strong security. Hence, blockchain development is used in various industrial requirements.
What applications are built in blockchain development?
Blockchain is complex and diverse technology. It is used to create different types of software, web apps, and mobile applications for several industrial use cases. Mostly, businesses hire blockchain developers to develop the below types of solutions and applications.
- NFT marketplaces
- Cross-border payments
- P2P payment application
- Personal identity security
- Supply chain and logistics monitoring
- Original content creation
- Cryptocurrency exchange
- Real-time IoT operating systems
- Real-estate processing platform
- Smart contracts
- Decentralized applications
- Web development
- Mobile app development
What is a Blockchain Developer?
A blockchain developer is one who has expertise in blockchain development. They are responsible for creating blockchain-based solutions and applications. For instance, if you want to build smart contracts, then you will need to hire blockchain developers for smart contract development. In blockchain development, there are primarily two kinds of blockchain developers-
1. Core blockchain developer
Core blockchain developers create, design, and maintain the security and architecture of blockchain systems or applications. They create blockchain protocols and security algorithms. They also administer the network as a whole. Core blockchain developers take part in high-level decisions. For instance, building the foundational block and the consensus protocol of blockchain applications.
2. Blockchain software developers
Blockchain software developers generally develop blockchain applications for desktop, web, and mobile platforms. They are responsible for creating decentralized applications. Blockchain software developers are not typical software developers or engineers.
But they hold good skills in programming languages such as Golang, Python, Java, Solidity, and Truffle for web and mobile app development. For instance, if you want to build dApps for mobile devices. Then, you can hire blockchain software developers from the top mobile app development company.
Why do Businesses Need Blockchain Development?
Blockchain is decentralized and distributed ledger technology. It records and saves transactions in a block. It establishes a strong consensus between multiple networks. It means no malicious, unauthorized, or external activity can break this network. Hence, blockchain-based applications provide great data security and privacy.
Therefore, businesses use blockchain technology for developing fast, decentralized, and secure applications. Especially finance companies heavily use blockchain in Fintech app development to create solutions for financial services. Overall, blockchain is an advanced, secure, and decentralized technology that empowers businesses to build trust and security.
Benefits of Blockchain Development
Most people assume blockchain with Bitcoin. But the use of blockchain development is extensive. It provides immense benefits that help businesses in various cases through these below features
Blockchain is a decentralized technology. It doesn’t require the involvement of any third-party or middle man for verifications. It builds automated consensus between the parties for data validation and user verification.
And since blockchain records data in blocks and shares it across several networks. As a result, it becomes fully protected from any kind of external data manipulation. Only defined users can access the blockchain network.
Blockchain provides great immutability. It stores data across different networks and doesn’t allow any type of alteration or deletion. It means information stored on a blockchain network is fully protected from cyber threats. Hence, the immutability feature of blockchain helps you build secured applications.
High Data Security
Blockchain utilizes cryptography to encrypt the data which are stored within blocks. These blocks can only be attached to the blockchain network when they are verified after the consensus between ledger parties. Hence, blockchain adds an extra layer of security to save data stored within the network.
Blockchain allows you to create better transparency in systems. It is because parties involved in the blockchain network have the access to the same documentation. There is no need for multiple individual copies of the same or sensitive information.
Top Companies That Are Currently Using Blockchain
- Walmart (WMT)
- Goldman Sachs (GS)
- Microsoft (MSFT)
- Oracle (ORCL)
- Alibaba (BABA)
- Intel (INTC)
- Anheuser-Busch InBev (BUD)
Why You Should Hire Blockchain Developers
Now you have got a good understanding of blockchain development. So you must be interested to know why ultimately you need to hire blockchain developers? Well, the answer is pretty straightforward. A blockchain developer is a qualified professional who can build industry-oriented blockchain solutions for desktop, web, and mobile platforms.
They can help you streamline your existing financial system and improve overall efficiency in daily operations. At present, the use of blockchain in mobile app development is evolving. So you can hire blockchain developers to build blockchain-based mobile apps to take an early competitive advantage.
How Much Does it Cost to Hire Blockchain Developers?
Well, this might be diverse since it depends on country to country. However, on Upwork and other hiring platforms, the average cost of hiring blockchain developers might cost you between $50-$150 per hour.
But since independent blockchain developers aren’t reliable for developing sensitive or enterprise-scale projects due to security and confidentiality reasons. Hence, it is advised to hire blockchain developers from a reliable blockchain development company.
Blockchain is an advanced technology. With blockchain development, you can create high-level solutions for multiple business requirements. And today when blockchain is being used widely across industries. Investing in blockchain development could be a smart decision to drive maximum benefits in the future.
About the Author
Josephine Baker is associated as a Blockchain developer at MobileCoderz-a globally acclaimed blockchain development company. This company provides world-class blockchain development services to startups, business founders, and enterprises. She has more than 4 years of experience in Solidity programming and using hyper ledger for creating blockchain applications. Besides her tech life, She helps various organizations in crowdfunding and conducts webinars in the blockchain developer community.