Recent years have witnessed the growth of several new technologies across the globe, out of which, blockchain is a pivotal one. It wouldn’t be wrong to assume that it is gradually becoming the mainstay and may even overtake other existing public ledgers in no time. According to a report by PwC, the technology has immense potential to improve global GDP by more than $900 billion in the next 8 years. Several industries, including manufacturing, food and agriculture, healthcare, financial services providers, etc. are leveraging this technology to increase their market growth. It is predicted that in the next 6 years, blockchain in healthcare may reach the value of $1189.8 million and $1.48 billion in the agriculture and food sector by as soon as 2026.
While numerous tech-savvy enterprises are keen to invest in this technology that apparently can take their business to an all-new level, others still do not recognize its unmatched potential. They are probably not even well-acquainted with blockchain development and its benefits. So, before we get down to the list of top blockchain development companies in 2023, let us first explain what blockchain is and how it can benefit your business in the long run. Scroll on!
In the simplest terms, a blockchain is a decentralized database of financial records that does not require any third-party security system to guarantee safe transactions. The main difference between a traditional database and a blockchain is the latter can store financial information in the form of blocks that are strung together to form a cryptographic chain. In the traditional database system, information is stored in the form of centralized tables that can easily be tapped into and exploited. Whereas, in blockchain development, the database is decentralized, thus giving no scope for any inconsistency. Each participant in the blockchain has a record of the data, which gives no one the scope to make changes in the timeline. Even if there is any change made by a malicious participant, the blockchain will immediately verify the same with the other records set in the timeline and restore it to the correct form. Hence, unlike traditional databases, blockchain is a more secure way of recording and storing financial information in a world full of malicious hackers, who do not leave a single chance to exploit critical financial information.
As the term implies, the companies or agencies concerned with the development of blockchains are known as blockchain developers. However, the work is not as easy as it sounds. These enterprises deal with a multitude of advanced tools and systems to create impermeable blocks that may store critical financial data.
There are two main types of blockchain developers – the core developers and the blockchain software developers. The core developers can also be referred to as blockchain architects, as they are concerned with the architecture of the system, its design, and security conventions. On the other hand, blockchain software developers are groups of professionals developing advanced blockchain applications using high-end technologies, like Truffle, Solidity, etc. Well, there are some developers who also use technologies like Java, React Native, etc., to create web or mobile-like applications in the blockchain.
Now that you are aware of the basics of blockchain development, let us give you a thorough idea of the top blockchain development companies in 2023.
|1. HashCash Consultants|
|6. L&T Infotech|
|7. Alpha Point|
|10. Antier Solutions|
|13. Rather Labs|
HashCash Consultants is a US-based global blockchain development company. The products authorize businesses to trade or move assets, and make real-time cross-country payments for remittances, Payment Processing, Trade Finance, etc. HashCash Consultants has launched its crypto exchange platform, PayBito, and a crypto payment processor, BillBitcoins. The blockchain development company offers white label crypto exchange, crypto payment processor solutions, ICO Services, and customized user applications. HashCash drives technological advancements through its investment arms, Satoshi Angels, and Blockchain 101 Programs. The metaverse company has offered white label blockchain solutions to large enterprises in over twenty-six countries. The company has been placed on top of the list as the best blockchain development company in San Francisco. Even during the global recession, the company has announced its plans of hiring over a hundred employees across its development centers in the Middle East and India. The company has also announced its plan to build a HashCash Park in Bengal Silicon Valley, Kolkata. The blockchain development company is globally recognized for its IoT, AI, and Big Data solutions, through its products, platforms, and services. HashCash provides innovative solutions and strategies to address difficult issues, for its global client base.
Interexy is a global blockchain development company. Headquartered in Miami and with a development center in Europe Interexy team has successfully designed and developed world-class custom blockchain solutions for their clients using the latest technologies and partnered with platforms, like Sandbox. Interexy developers are capable enough to develop decentralized platforms for NFTs, bridges, DEX, tokens, metaverse, and dApps. They work with top blockchains like BNB, Solana, Avalanche, Chainlink, and more. This company also helps mobile startups & enterprises design and develop high-quality market-winning mobile products | swift, Objective-C | Java, Kotlin | React Native, Flutter, Ionic | node.js, PHP, Ruby on Rails, and AWS.
Infosys, the world-renowned MNC, started its journey in Pune, Maharashtra, India, with a seed capital of $250 USD in 1981. Its revenues are currently worth $16 Billion (2022). Infosys is also among the leading players in the blockchain. Infosys blockchain services are disrupting industries around the world. Their list of clients includes diverse industries such as Supply Chain, Government, Insurance, Financial Services, Pharma, Communications, FMCG, Retail, etc.
On blockchain technology, CEO and MD Salil Parekh said that it “allows authenticated work to be done”. He said that Infosys is working with various companies and helping them transact between different countries and institutions.
“Infosys has witnessed the successful digital transformation of its clients. Interest in quantum and metaverse will increase over the next two to three years. We are already seeing many real-world applications of the metaverse, and blockchain is being used with the client. Fundamental technology is very good,” he added.
Being one of the leading leaders in technology, extended its services into Blockchain technology years ago. IBM has over 1600 experts working on blockchain, using insights gained from over 100+ real-world networks, helping clients with the three core design points: governance, business value, and technology. Industry leaders are using specialized applications of IBM blockchains to reduce friction, enhance trust, and unlock new value, in industries and across the world. IBM’s Blockchain services are pretty popular across industries such as Supply Chain, Health Care, Government, Retail, Media & Advertising, Oil and Gas, Telecommunications, Manufacturing, Insurance, and Financial Services.
ConsenSys is a leading Ethereum software company. They empower developers, enterprises, and individuals around the world to create next-generation applications, deploy cutting-edge financial infrastructure, and access a decentralized network. ConsenSys suite of products, comprised of Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serves millions of users, supports billions of blockchain-based queries for our customers, and has processed billions of dollars of digital assets. Ethereum is the largest programmable blockchain in the world, leading the way in enterprise adoption, developer communities, and Defi businesses. On this trusted, open-source foundation, they are building the digital economy of tomorrow.
In August 2020, ConsenSys acquired Quorum from JPMorgan Chase & Co. Financial terms of the transaction were not disclosed. In November 2021, ConsenSys raised $200M from Animoca Brands, Coinbase Ventures, and HSBC, among others, for a valuation of $3.2B. In March 2022, ConsenSys raised $450 million in a new round led by ParaFi Capital, with Microsoft, SoftBank, and Temasek also joining as new investors in the company.
“We have arrived at a breakthrough in how we can build trust into all of our systems. We are at the beginning of the next revolution, the Trust Revolution.”
Founder of ConsenSys and Co-Founder of Ethereum
Being the industry leader L&T Infotech is featured as the top contender on the Everest Group PEAK matrix assessment of enterprise blockchain services for 2020. This firm’s blockchain solutions are powered by Microsoft Azure. Security and transparency have been the primary criteria for L&T Infotech from its inception in 1997.
Alongside this, L&T offers numerous other services in the area of digital innovation from its global locations. They help companies in industries such as payments, supply chain, ID management, insurance, and health care deploy tailored DLT solutions.
AlphaPoint is a white-label software company that powers cryptocurrency exchanges around the world. Through its secure, scalable, and configurable distributed ledger platform, AlphaPoint allows customers to launch and run markets, and digitize assets. This award-winning blockchain technology-providing company has helped more than 150 clients across 35 countries identify and execute their blockchain strategies since 2013.
This New York-based firm has developed financial technology solutions for institutional operators that enable access to digital assets and cryptocurrency worldwide. Their full suite of tools includes exchange technology (matching engines, order management systems), liquidity solutions (remarketers, market makers), custodial solutions (wallets, risk management), and yields (lending, staking, interest-bearing accounts).
LeewayHertz is a leading Web 3.0 & Blockchain Development Company that specializes in building world-class digital solutions & applications for enterprises and startups around the world.
They have a team of 250+ developers, designers, and full-stack innovators that have developed 100+ digital solutions. LeighwayHertz leverages emerging technologies such as Web 3.0, Blockchain, and Cloud, helping companies to roll out next-generation applications and solutions that are more open, effective, and secure. LeewayHertz is an echo of the motto: You Dream it: We Build it.
They are tech industry pioneers with deep expertise in how conceptualizing custom software development ideas and delivering an expected final product. Having worked with over 30+ Fortune 500 companies, building a wide range of solutions for the On-Demand, they have a spectacular portfolio of works that showcases their proficiency. Industries served by LeewayHertz are healthcare, government, media, insurance, education, identity management, supply chain, lending, and many others.
Peiko is the company that designs the most demanding and technically challenging web projects, where there are no ready-made solutions available in the market. This Ukraine-based company provides Blockchain solutions, web and mobile development, user interface/UX design, business analytics, and QA services to projects in different industries with various needs.
The major areas where Peiko is currently developing software solutions are Financial Technology, Banking, e-commerce, Healthcare, and Blockchain. However, they are always looking for new challenges.
Antier Solutions is a Blockchain Development Company providing various services such as Cryptocurrency Exchange & Wallet Development, P2P Lending Platform Development, ICO/STO/IDO, Coin Development, Crypto Bank Platform Development, DeFi Development, NFT Development, Metaverse Development, The DAO Development. Moreover, the company specializes in building customized blockchains according to the needs of businesses.
Antier’s cross-functional team supports you through each stage of your blockchain adoption journey: from a design-thinking-driven evaluation of your blockchain solutions across different dimensions, through piloting development, to deployment. Forward-thinking insights, rigorous research, and personalized consultancy help companies to identify and capitalize on opportunities to take advantage of an unprecedented decentralized ecosystem. Combined with innovative approaches and an unprecedented depth and breadth of expertise, Antier guides businesses into the next wave of digital businesses, fueling growth and driving deep, positive change.
Headquartered in California, Suffescom Solutions Pvt. Ltd. is a global IT service provider specializing in blockchain and metaverse development. They developed various Gaming & Mobile applications, NFT Marketplace, and Crypto application-based projects.
Suffescom has a strong client base, according to them, they have delivered over 50+ blockchain projects so far. They are working on more than 150 blockchain, crypto, and metaverse projects.
SotaTek is a global software company based in Hanoi, Vietnam. This software company offers all kinds of full-stack public blockchain development, including custom blockchain solutions that fit your needs.
SotaTek is part of Sota Holdings, a worldwide Software Development as a Service (SDaaS) & Blockchain Development group with 8 offices in Vietnam, the United States, Australia, and Japan.
With 1000+ team members, this blockchain development company successfully completed 350+ projects globally and in 21 countries. Their clients are from various sectors such as Finance, Banking, Health Care, Retail, Real Estate, Logistics, Manufacturing, Education, Media & Entertainment.
Rather Labs is a blockchain technology hub based in Buenos Aires, Argentina. This blockchain development company was founded by industry experts who have huge expertise in finance, gaming, NFTs, token launch, DeFi, real estate, and much more.
Rather Labs has completed more than 30 blockchain projects worldwide and helped entrepreneurs, and funders design and build their blockchain & crypto products.
SoluLab is one of the leading Blockchain development companies. SoluLab also offers other software development services like mobile application development, customized software solutions, data analytics services, and software using technologies such as IoT, Machine Learning, Artificial Intelligence, Cloud, and more. SoluLab has worked with Fortune 500 companies and high-growth startups including Walt Disney, Goldman Sachs, Mercedez Benz, Cambridge University, Georgia Tech, and others. Led by leadership teams from Goldman Sachs and Citrix, SoluLab targets over 50% savings to customers through a modernized recruiting model, which increases recruiting speeds by 400% over other industry players.