Hire Blockchain Developers: Everything You Need to Know

With an increasing demand for blockchain-based solutions, finding the right Blockchain developer is a wild goose chase. Let’s explore why.

Blockchain technology has quickly caught on in recent years. According to an analysis by LinkedIn’s Economic Graph team, crypto, and blockchain-related job postings skyrocketed 395% from 2020 to 2021. While crypto sees a hiring boom, blockchain developers with reasonable knowledge and hands-on experience are relatively low in the market.

Businesses are looking for blockchain solutions to create secure and faster payment systems, streamline supply chain management, conduct identity verification, and more. If you are also looking for a way to take your company to new heights, you’ll have to find blockchain resources who understand the market trends and how blockchain works.

The rising demand for blockchain software developers coupled with the talent gap makes it understandable why companies find it hard to hire blockchain engineers.

This post will teach you the basics you need to know to find blockchain full-stack developers for your team and the exact skills you must look for in them.

How Blockchain Hyperledger Works & Helps In Business Transformation

Reasons Why You Should Hire a Blockchain Developer

In recent years, blockchain technology has completely changed the way businesses used to operate. Blockchain acts as a competitive edge in the market, allowing companies to automate their operational workflow and offer secure services.

With the emergence of decentralized finance applications (DeFi) and dApps, the demand for blockchain developers is incredibly increasing. A blockchain developer should have a strong understanding of consensus methods, blockchain architecture, and mathematics to build scalable solutions. Below are some reasons why you should hire blockchain developers for your company/project.

Keep up With the Market Demand

The demand for blockchain-based projects is increasing with each passing day. We witness new blockchain technologies and scalable solutions that help businesses meet customer expectations and market needs.

Prevent Fraudulent Activities

Since blockchain is a decentralized ecosystem and offers enhanced transparency to your business functions, blockchain developers help you with bullet-proof development solutions that can reduce fraudulent activities and cyberattacks within an organization.

Transform your Business Seamlessly with InvoBlox’s Blockchain Development Services

Reduce costs

As we know blockchain networks operate without the need for any intermediaries and central authorities, therefore reducing processing costs.

Automate

Blockchain developers create smart contracts to automate regular business processes and improve efficiency.

Implement Security

Blockchain developers implement cryptographic methods to encrypt data and ensure controlled access to make it difficult for hackers to access confidential information.

Quick Checklist to Look For a Great Blockchain Developer

Before we begin, it is important to know the difference between a good and a great blockchain developer. A good blockchain developer knows all the basic concepts, architectural models, and working of the blockchain networks. But finding a great blockchain developer costs you an arm and a leg. You need a layer-eye to find the right talent who can execute your dream solana blockchain idea!

A good blockchain developer would know all the below-mentioned concepts.

• Object Oriented Programming Structure (OOP)

• Data structures

• Digital Ledger Technology (DLT) architecture

• Cryptography (SHA and other encryption methods)

• Smart contracts

• Consensus methods

• DApps

• Blockchain scalability solutions (Sharding and more)

• Permissioned & public blockchains

• Tokens

• Crowdsale platforms

And what about a great blockchain developer?

We’ve prepared an exclusive checklist for you to evaluate the hands-on experience of the blockchain developer you are hiring. This list is created based on real-world use cases and challenges devs go through. The ever-evolving financial models call for resilient solutions that handle exceptions and offer highly scalable solutions. So let’s go through the traits of a great blockchain developer.

Blockchain Development & The Future Of Banking

Great blockchain developers are technical & creative

Blockchain experts are very dissimilar from the rest of the IT workforce. The reason is that a few years back, blockchain technology was an interloper interest that has now made a portable impact on businesses. As a result, most knowledgeable and passionate developers are seeking careers in blockchain technology. Blockchain enthusiasts focus on cryptography and transference as a substitute and more viable solution for industries.

Companies need to admire this approach to draw the best resources for their positions. While we talk about improvements in transparency and democracy in the developing world, a crypto-anarchist might be more interested in the projects whose end goal is to build a future-proof blockchain application. As a final observation, a great blockchain developer knows more than just the basic concepts. They consider blockchain as a foundational technology to reshape real-world solutions with more digital freedom and economic value.

They are extremely up-to-date with latest technologies & solutions

A full-stack blockchain developer encounters advanced solutions, toolkits, and trends that escalate their end-to-end development efforts. You’ll find various blockchains and languages mounting the game of blockchain-based projects. For instance, if we talk about blockchain technologies then Polkadot, Ethereum, Hyperledger, Cardano, and Solana are at the top. Similarly, Golang, RUST, Javascript, Solidity, Node. Js, C, C++, Python, etc. are some prominent blockchain programming languages.

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They are passionate about implementing out-of-the-box ideas

They are outstanding blockchain developers who simplify technology for its usefulness in real-world use cases. Industries are looking to hire blockchain programmers with conditions that fit in with their company’s goals and background. This erroneous kind of developer can help in productive working. Their innovative ideas, bullet-proof approach, and passion for putting every ounce of their expertise into your project separate them from ordinary developers.

Benefits of Hiring Blockchain Developers from InvoBlox

InvoBlox offers you the blockchain supremacy of control, security, and transparency for your business. Our dedicated team of blockchain experts includes blockchain developers, QA engineers, architects, project managers, and UI/UX designers. You can hire a remote hybrid developer team on the following basis.

• Part-time

• Full-time

• Hourly

Comparative Analysis: InvoBlox, Freelance Developers, In-house Hiring

Here we’ve sorted a comparison table depicting InvoBlox’s dedicated blockchain developers vs outsourced and freelance blockchain experts.

Factors	InvoBlox Pvt Ltd.	In-house	Freelance
Time to get right developers	Within 5 - 14 days	5- 8 weeks	4-6 weeks
Time to start a project	Within 5 - 14 days	3-6 weeks	4-7 days
Recurring cost of training and benefits	No cost involved	$12k - $25k	No cost
Time to scale the size of team	Within 7 - 14 days	4-12 weeks	4-10 weeks
Pricing Weekly avg	1x	4x	1.5x
Project failure risk	Extremely Low	Low	High
Dedicated resources	Readily available	Yes	Not always
Agile development methodology	Always	Some	Not always
Quality Guarantee	Yes	Yes	Some
Impact due to turnover	No Impact	No Impact	High Impact
Strategic training program	Yes	Sometimes	No
Communication	Hassle-Free	Moderately easy	Medium
Working hours	Full-time (160 hrs/month)	Full-time (160 hrs/month)	It varies
Communication Channels	Slack/Teams/Skype/Discord/Telegram	It varies	It varies
Professional environment	Top-notch	It varies	Normal
Termination cost	No cost involved	No cost involved	No cost involved
Talent pool	Full excess to the Talent	Limited Access	Limited Access
Management	Remotely	Remotely	Remotely
Delivery speed	Fast Track	Possible delay due to lack of resources	Possible delay due to lack of resources

What is Blockchain as a Service? Working and Profitability for Businesses

InvoBlox’s full-stack blockchain developers are committed to delivering the real value of your project. Before getting started, you can consult with our team to identify the project scope, challenges, and possible solutions/tech stack to turn your idea into a success!