Top Blockchain Development Companies in 2023

Featured Companies

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. Top blockchain development companies in 2023 are focusing on Decentralized Applications (dApps), Smart Contracts, DeFi (Decentralized Finance), Scalability Solutions, Privacy and Confidentiality, Tokenization and NFTs.

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!

What is Blockchain?

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.

Who are the Blockchain Developers?

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

2. Infosys

3. IBM

4. ConsenSys

5. L&T Infotech

6. Alpha Point

7. LeewayHertz

8. Peiko

9. Antier Solutions

10. SotaTek

11. Rather Labs

12. Interexy

13. SoluLab

14. LABRYS

15. INC4

14. Suffescom

1. HashCash Consultants

HashCash Consultants is one of the top blockchain development companies based in a US. 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.

Services Offered:

Blockchain Development
Crypto Exchange Development
Crypto Payment Processor Development
CBDC Consulting & Advisory
NFT Development
Smart Contract Development

About the Company:

Founded: 2015
Hourly rate: $50 – $99 / hr
Employees: 100+
Headquarters: Palo Alto, CA

2. Infosys

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.

Global Recognitions:

Infosys is listed among the top blockchain development companies in 2023 as it positioned as a Leader in the NelsonHall NEAT Vendor Evaluation for Blockchain Services 2021.
Infosys was named to the Constellation ShortList™ for Blockchain Technology Services Q1 2021.
Infosys a Leader in the IDC MarketScape: Worldwide Blockchain Services 2020 Vendor Assessment.
Infosys is positioned as a LEADER in the IDC MarketScape for Blockchain Services 2020 Vendor Assessment.

About the Company:

Founded: 2 July 1981
Headquarters: Bangalore, India
Employees: 276,319
Revenue: USD 16 billion

3. IBM

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.

IBM Blockchain Solutions:

Vaccine distribution
Healthcare and life sciences
Supply chain transparency
Food Trust
Trusted supplier management
TradeLens container logistics
Letter of guarantee
Trade finance
Digital Identity Management
Learning credentials

About the Company:

Headquarters: New York, US
Founder: Charles Ranlett Flint
Revenue: US$ 57.35 billion
Founded: 16 June 1911
Employees: 2,82,100

4. ConsenSys

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.”

-Joseph Lubin
Founder of ConsenSys and Co-Founder of Ethereum

Solutions Offered:

DeFi for Institutions
NFT Experiences
DAOs and Web3 Governance
Custom blockchain solutions

About the Company

Founded: 2014
Hourly rate: $50 – $99 / hr
Headquarters: New York City, US
Number of employees: 500+

5. L&T Infotech

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.

Blockchain Consulting and Advisory:

DLT Strategy and Insights
Design Workshops
Use Case Definition
Incentive Design
Value Analysis

About the Company:

Founded: 23 December 1996
Headquarters: Mumbai, India
Area served Worldwide
Revenue: US$1.8 billion
Number of employees: 35,991

6. Alpha Point

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).

Specialties:

Enterprise Blockchain Solutions
Forex Exchange
Digital Asset Exchange Technology Platform
White Label Exchange Software
Crypto Exchange Software
Tokenization

About the Company:

Employees: 100+
Headquarters: New York, USA
Founded: 2013
Hourly rate: $25 – $49/hr
Focused Industry: Financial Services

7. LeewayHertz

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.