Should you hire Freelance Blockchain developers or Blockchain development companies?
Are you a business or an enterprise looking to leverage the use of Blockchain technology? Do you think that your business could be better by employing Blockchain? If you answered yes to both of these questions, then there is a dilemma that you may be facing. Should you hire a freelance Blockchain developer or an established Blockchain development company? Well, that question sounds simple but is very complicated to answer. There are many aspects to consider when it comes to making this decision. It depends on your business type and what your needs are.
Blockchain development can solve multiple problems for many different businesses across different industries. But every business has some specific requirements and constraints that will ultimately decide the optimum technology partner. On some occasions, it might be better to hire a freelance developer; in others, a reputed Blockchain development company might be a better choice. In this blog, we will help you decide which option is best for you and your business. Here you can find the comparison between the various attributes such as cost, availability and the skill level of the two choices. This data has been compiled after conducting meticulous research about Blockchain environments in the US, UK, Canada and Australia. After reading this article, you will be able to make an informed decision on whether to choose a freelancer or a company.
Freelancers vs Companies
In this section, we’ll be analyzing and making comparisons between the two on all the critical attributes. Below we have mentioned a table which contains the data regarding the same. The choice you make depends on your budget, whether you are a startup or a company, and your other requirements.
If you choose an established Blockchain development company, you’ll have more convenience, post-development support and fewer confidentiality issues. On the other hand, if you choose a Blockchain developer, you can cut down on your costs significantly if your project is a small scale one. The final decision lies with you.
Hiring a Blockchain company comes with a slight upper hand over the freelancers. You’ll be working with a team of people who are experts in their area. They’ll take care of your project from scratch and handle every aspect of it. A freelancer, on the other hand, would be a single person who would be able to handle only a few aspects of the project.
The extra cost that an established firm charges comes with a bunch of extra perks. They can be crucial, depending on the nature of your project. If you want someone to handle your project from scratch, then a company is the best choice for you. A company also offers you maintenance and post-project support, which a freelancer won’t.
Hiring a freelancer for only the development process can save you a ton of money. There is a trade-off though. You’ll have to manage other aspects like deployment on your own. If you think you can handle that, then a freelancer could be a good budget option for you.
Things to make sure before hiring a Blockchain developer
Whether you hire a freelancer or a company, there are few things that you need to check before making a decision. Here are a few of them.
- Development Skills
Any Blockchain developer that you hire must be aware of the necessary development skills. These include having fundamental knowledge of programming concepts like OOPs, procedural language and relatable database. They should also understand data structures like Tree, Stack, Queues and Hash tables.
2. Understanding of Blockchain concepts
Ensure that the professional you hire is well informed about all the blockchain concepts. Concepts like dApps, Consensus, DLT, Smart Contracts and tokenisation must be known for undertaking any project.
3. Experience in multiple Blockchain concepts
There are several Blockchain platforms in the market. Ethereum, Hyperledger and Corda are amongst the most popular ones. You should hire a professional that has relevant experience in most of these platforms. Besides developing, he should also advise you on which platform would be best for your project.
You should also consider the amount of work experience the developer has in the field of Blockchain. A developer with an experience of 5 to 7 years is a good option, given that you examine his skill level first. Before hiring, ask them about their past projects and their areas of expertise.
Leading Blockchain Development Companies
- SoluLab
SoluLab is a team of high-end Blockchain developers who are headquartered in New York City, USA. They are an organization of 250 employees, and their charges can range from $25-$49 per hour. SoluLab has previously provided solutions in the fields of Supply Chain Management, Education, Financial Services, Government, Healthcare and Energy.
- LeewayHertz
LeewayHertz is one of the best Blockchain development firms in the world with more than 100 developers. Each one of them expertise in working on several Blockchain platforms including Ethereum, Hyperledger and Tron. They are headquartered in San Fransisco and were established in 2007.
- Altoros
Altoros is one of the leading and oldest Blockchain firms out there. They were established in 2001, and they are experts of developing industry-grade Blockchain apps.
- ABES Lab
ABES Lab is a team of R&D Blockchain experts who specialize in a wide array of services, including Sourcing and Tendering, Digital Supply Chain Management and Contracts Management and Execution.
Blockchain Development Freelancers
There are online portals such as Upwork, Truelancer and Freelancer where you can hire an experienced Blockchain freelancer. You need to sign up, and the list of available freelancers will be available to you, along with their contact information. You can interview them as per your preference. The prices range from $20 to $90 per hour, depending on their skill level and experience.
Conclusion
Summing up, choosing a Blockchain developer is not an easy task. There are many aspects that you need to keep in mind when making a choice. Factors like your budget, the size of your organization, the size and nature of your project play a vital role. The ultimate decision rests with you whether you want to hire a freelancer or a firm for developing your Blockchain project.
