So, you wish to get a Blockchain application built by outsourcing the technology development, but have little idea of how to go about the entire process. Where do you start? How do you even find a top blockchain technology company?
We’ve helped many of our clients (and non clients… sigh), who were in a similar situation, to understand the nuance when it comes to hiring a top blockchain company for your application.
In this post we cover some of the basics that you should be aware of before you decide to initiate a conversation with a company.
Bigger is not always better
The safest way to go about this process is to hire the biggest known player in the market. However, apart from the obvious premium you would have to pay for a big company, chances are that you may also not completely be in tune with their delivery style. The instant access and the customer care of a relatively smaller company is hard to replicate at larger firms.
Your focus should be on the best fit for you and a company that’s flexible to work according to your needs.
Understand your needs
Before you go out and start researching about the top blockchain companies in the world (yea, we know you were thinking about it!) figure out what are your requirements.
If you need the entire project to be built from scratch, you may want to look at companies that offer Blockchain PoC development or Blockchain Consulting or Smart Contract Development services.
If your needs are more use case driven, like DeFi Apps, Cryptocurrency Exchange, Stablecoin etc then searching for companies that have worked on such projects before must be prioritised.
How to find agencies
A Google search is the most obvious solution to this. However, there are a fair number of marketplaces like UpWork that can also be considered. These marketplaces almost always have an inbuilt rating system to help you gauge the quality of the company along with their work history. However, you must follow a due diligence process before hiring freelancers or agencies on these platforms as the ratings can be easily manipulated.
Another thing to keep in mind is that most profiles on these marketplaces are a one-man show that outsources the tasks to local freelancers. The quality in such cases is often inferior despite choosing a high rating agency and paying top dollar.
Follow the tips mentioned below to scrutinize these firms before hiring rather than relying purely on their rating on the platform.
Shortlist two or three firms
Before you make your final decision, make sure you’ve shortlisted at least two or three companies. This will give you enough information to make an informed decision by comparing quotes, activities and expected outcomes. Don’t make price the only criterion to compare two agencies. Cheap services usually end up costing clients more in the long run.
Put on your Sherlock Hat
We know you secretly pictured yourself as Sherlock while reading the novel. Now is your time to put it into action and own it. Investigate the Blockchain companies. Here are some pointers for you to keep an eye on:
How long has the company been in the Blockchain industry. The longer, the better. If they are one of the early adopters of the technology, you have struck a gold-mine.
What sort of services do they offer? How diverse is their tech stack and the projects they have worked on previously?
Check out their social media and blog to understand the depth of their knowledge about the technology
Investigate if they have served your industry before or worked on similar use cases in adjacent industries
Investigate the technical expertise of their core team, their work culture, working hours adaptability, so on and so forth
Answers to most of the above questions would be available on their website, social media and blog. What’s missing can be asked during the call.
Choose your Preferred Partner
Still unable to narrow down to a single partner? Here are some add-on parameters that might help you pick the best from the best:
Do they fit your budget? Are they flexible with the negotiations? Can they give you ROI worth your money?
Getting answers to these questions will bring you one step closer to pick a company.
It’s all about the support!
Do they believe in building client-base or building relations? Would they be available for regular upgrades and post-deployment support? What do Industry insiders think about them?
Getting answers to these questions will bring you further closer to picking your preferred company.
Talk to Them
Pick up a phone and call them. Pour your heart out. Bare your doubts and let them answer them. You will know!
If you are not a talker, get your fingers to do the talking. Write to them. If they reply within 24 hours and are sympathetic towards addressing your pain-points, consider them the one.
And that’s it!
Congratulations! You have now finally landed your dream Blockchain Partner. Speaking from personal experience, you will love every second of this roller-coaster ride.
We wish you a happy Blockchain journey!