Everyone is talking about blockchain adoption, but no one tells you how to make it happen!

Blockchain is becoming the trend among most businesses. Even a startup can beat a leading business and reach success soon.

What’s really behind this? It’s Outsourcing blockchain development.

You can hire an expert who knows in and out of blockchain technology to launch quickly by spending less without any technical knowledge. Outsourcing is completely dependent on who you choose to build with.

That’s where Hashcodex enters. We offer blockchain development solutions all over the world with deep expertise. Our skilled developers truly care about your project and help you till the end.

In this blog, we’ve clearly explained how outsourcing is different from in-house blockchain, our unique outsourcing blockchain development services, benefits, and a simple guide to choose the right company (you can also compare us with others), cost and location to consider.

Let’s get in!

Outsource or In-House Blockchain? A Quick Comparison

Starting by choosing the best option for blockchain development might be the hardest part. Even though in-house development gives you full control, it gives you more responsibility. On the other hand, outsourcing blockchain development is getting all done without extra effort. Let’s make it easy to understand by clearly comparing both:

So, which one is better?

• If you want to faster development process, hands-on experience, and an affordable solution, you can choose outsourcing.
• If you need full control, have long-term plans, and can invest in new hires, you can choose in-house.

Both work well according to your business requirements.

Outsource Blockchain Development: An Ultimate Guide for Business

Outsourcing blockchain development is the business practice of hiring an external team or provider to develop blockchain-related products. It’s a smart method for businesses to have access to a well-trained blockchain specialist, save development time and cost, and launch quickly without recruiting or educating a whole internal team.

Companies usually offer outsourcing blockchain solutions are already skilled in areas like smart contract development, decentralized applications (dApps), crypto payment gateway and crypto wallets. This helps to speed up the delivery time and time-to-market due to starting the development process immediately. 

At Hashcodex, we work on various blockchain-related solutions from DeFi applications to cryptocurrency exchanges. Our experienced staff are knowledged with blockchain networks like Ethereum, Solana, and Polkadot. We serve different industries like supply chain, fintech, healthcare, real estate and gaming.

Key Benefits of Outsourcing Blockchain Development

As we’ve already seen, outsourcing blockchain development has some benefits, like saving time and money, but these are just starting. It will expand even more, and let’s look one by one:

• Access to Skilled Web3 Talent: Working with blockchain developers who are already familiar with smart contracts, DApps, and other Web3 technology is possible through outsourcing. It is not necessary to train an internal staff from the beginning to the end for months.
• Concentrate on Core Business: Your team can give more time to business promotion and other crucial tasks if you outsource the blockchain work to someone else. You don't need to separate your focus between managing daily operations and technology.
• Integration into a Global Talent Pool: Outsourcing gives access to blockchain specialists not only locally but globally as well. This allows you to select the best people for your project based on their talents, expertise, and budget.
• Faster Problem-Solving: Many blockchain projects have been worked on by top outsourcing teams. They know major issues, defects, and scalability problems usually come, and they also know how to tackle them because they’ve learn from failures.
• Built-in Strategic Consulting: A skilled blockchain outsourcing partners also offer strategic insight, consultation on what to build, what to avoid, how to save money, and how to develop a long-term blockchain plan.

How to Choose the Right Blockchain Development Company?

Your entire project may succeed or fail based on the blockchain development company you choose. A right partner enables you to develop more quickly, stay away of expensive mistakes, and deliver a practical solution. Here's what you need to look for:

• Analyze their Real-World Experience: Ask companies for already built blockchain solutions. Whether it’s supply chain systems, DeFi platforms, or NFT markets, their portfolio should clearly show the actual outcome and effect.
• Understand their Technical Skills: Your blockchain partner should be technically strong with major frameworks like Hyperledger, Ethereum, and Solana, and also confident about smart contracts, DApps, and Web3 integration.
• Check their Security Approach: In Blockchain, security is everything, so think the provider prioritizes security. Ensure the company focuses on high-level security practices like encryption, code audits, and safe deployment of smart contracts.
• Make Sure they Build to Scale: Your blockchain solution should grow with your business. Choose a company that thinks scalability of your business from the beginning. Some providers don’t plan for growth, and businesses will regret it later.
• Look for Strong Support & Compliance: A right partner should support after the launch by maintaining, updating and guiding on changing regulatory compliance. Not every company provides this, so make sure before deciding.

Cost of Outsourcing Blockchain Development Solution

The cost to develop an outsourced blockchain development can range from $25,000 to $300,000 or more, depending on the complexity, features, development team’s location and expertise.

Outsourcing blockchain development costs is often reasonable than building everything in-house. You just need to pay for what you want, instead of hiring full-time developers, training them and buying expensive tools.

On average, outsourcing will help you save 30% to 60% of development costs because there’s no need for long-term salaries, infrastructure expenses, and trial-and-error mistakes.

Where Should You Look for Blockchain Development Outsourcing?

After deciding to outsource blockchain development, the next big question that arises in your mind is: where should I look? Here’s the answer for this:

Asia - Massive Skilled Team

Huge developer communities are formed in Asia, especially in India, Vietnam, and the Philippines. These regions offer everything from highly experienced blockchain experts to budget-friendly teams.

The United States - Premium Expertise

If you want high-level skills and advanced technical knowledge, then the US is the right choice. As they provide more premium services, the cost also becomes high accordingly, but US-based developers have some of the best technological depth among other regions.

Eastern Europe - Cost-effective and Experienced

European countries like Poland, Ukraine, and Romania have developers with strong programming skills, innovative thinking, and creative problem-solving. They also give an affordable solution because of the low cost of living in the region.

Latin America - Nearshore convenience

Latin America stands out for their time zone and cultural alignment, which makes interaction smoother and collaborating faster. Countries like Brazil, Mexico, and Colombia have talented developers.

Conclusion

Blockchain development becomes super easy when you’re not building it alone.

Outsourcing is a key to opening the door to freedom and moving faster in the active market. The right partner can help you skip the stress and focus on growth from the beginning.

You can trust Hashcodex to build reliable blockchain-related services. Recently, we worked on a Web3 exchange project, even our clients appreciate us for our strong technical skills and the support we provide throughout the development process. 

We help businesses of all sizes from startups to companies that want to upgrade. We’re excited to work with you. 

Contact us!