Blockchain development is on the rise. Blockchain is a revolutionary technology which has the potential to change industries. It already has hugely impacted financial sector and banking services. Businesses are using digital money for payments and other services.
Other sectors are exploring the benefits of blockchain technology and crypto assets to become the leaders in the new era. Thereby giving rise to the number of blockchain development companies worldwide. India has always been in the forefront of adaption of technology and working towards providing better technical solutions worldwide. This is why there is a steep incline in the top blockchain development companies in India in the last decade.
Advantages of Blockchain Development
Business face huge bottlenecks and cyber-attacks due to traditional third-party verification and transaction system. With smart phones and other smart devices, transactional volumes have risen leading to inefficient and non-transparent business system. Some of the advantages of blockchain development are –
Improved Trust – Blockchain inspires trust through a decentralized verification and storage system. Only few members of the network gain access to your confidential information therefore it is highly transparent and safe from manipulation.
Higher Security – All validated data transactions are immutable after being verified. These are permanently recorded in blocks and a connected chronologically, creating a chain. Therefore, data changes in any block is not permissible as the whole chain breaks. Hence it is highly secure form of storing information and prevents fraud, cyber-attacks.
Improved Efficiency – Smart Contracts have changed the way we transact. When certain pre-written conditions are met, smart contract is executed immediately. This means there is not delay and instant transactions can be done with blockchain technology. This time saving advantage of Blockchain has led to the demand of blockchain development companies in India and round the world too.
Top Blockchain Development Companies in India
Companies are keen to capitalize on the blockchain technology. It has streamlined businesses and help startups make their mark in the tough competitive world. It is gaining popularity and therefore there is mushrooming of blockchain development companies in India.
These are the top promising blockchain development companies in India –
- SoluLab – Based in Ahemdabad, Gujrat, SoluLab is another promising company in blockchain technology domain. It has partnered with Fortune 500 enterprises to high-growth startups including big names such as Walt Disney, Goldman Sachs, Mercedes Benz and more. According to the website, the team behind SoluLab consists of managers from Goldman Sacs and Citrix.
- MobiWeb – MobiWeb is known for cost-effective and top-notch blockchain development services in India. They have a proven record of being most effective in extreme resolutions for multiple domains at reasonable prices. They pride themselves in providing modern and clean design.
- PlatinX Technology – PlatinX Technology is another most promising blockchain development company in India. They boast themselves of being the only one stop platform for crypto and blockchain solutions such as blockchain development, token development, STO/ICO and other crypto solutions including OTC and HFT trading too. PlatinX Technology is backed by a team of experts from Blockchain and Fintech industry along with full-stack developers and programmers to give the best solutions to the clients.
- Sofocle Technologies – Although founded in 2017, Sofocle has emerged as one of the leading blockchain development company in India. They have implemented various blockchain applications and software for enterprises, startups and governments too. They have a team of 50 experts from Blockchain and IOT technologies.
- OpenXcell – It is one of the leading companies which can increase your business productivity through blockchain technology. They provide services in both India and USA. The services provided are custom software development, mobile app development, Product Engineering, UI/UX Design, Blockchain etc.
This is the list of top leading blockchain development companies in India. Some of the above-mentioned companies provide comprehensive blockchain development solutions. India is a promising land for future blockchain development projects. Keep an eye on this blog for more updates on blockchain development.