Blockchain Development Outsourcing: Benefits, Process, and Misconceptions

Blockchain technology is transforming industries with its ability to enhance security, transparency, and efficiency. However, developing blockchain solutions requires deep technical expertise.

Hiring an in-house team for blockchain development can be both time-consuming and expensive. That’s where blockchain development outsourcing comes in.

Outsourcing blockchain development provides a strategic alternative, offering access to specialized skills, cost efficiency, and faster deployment. 

This guide discusses how to outsource blockchain development services. We’ll also explain the benefits of blockchain development outsourcing, clarify some common misconceptions, and provide you with the top companies to consider to find the right talent. 

Benefits of Blockchain Development Outsourcing

Whether you’re looking to streamline operations, create decentralized applications, or implement smart contracts, blockchain can revolutionize how your business operates. 

A Deloitte survey revealed that 86% of businesses agree blockchain enhances efficiency, fosters innovation, and has the potential for mainstream adoption. 

Embracing it can give you a competitive edge, and outsourcing blockchain development is a strategic way to leverage this technology.

Here are the benefits of hiring offshore blockchain developers: 

Access to specialized expertise for tailored solutions

Blockchain is a complex and rapidly evolving field that demands specialized skills. Offshore blockchain development services connect you to global talent who can craft secure, scalable, and innovative solutions tailored to your business goals. 

Cost efficiency to maximize working capital

Hiring and maintaining an in-house blockchain team is expensive, involving costs for recruitment, onboarding, and continuous training. Outsourcing can significantly reduce these expenses, allowing you to channel resources toward strategic growth areas. 

Scalable operations for optimized resource use

Project needs can vary, and blockchain development outsourcing gives you the flexibility to scale your team up or down as required. Companies can add resources during critical phases or reduce team size post deployment. Outsourcing ensures optimal resource use without having to overcommit.

Enhanced focus on core strengths to fuel innovation

By delegating blockchain development to your offshore team, your internal team can focus on their core competencies. This means dedicating more time to innovation, customer experience, and strategic initiatives while you let the experts handle the technical complexities of blockchain.

Faster deployment and time to market

Experienced blockchain developers know the tools and frameworks needed to accelerate development. This reduces the time taken from concept to deployment, making sure that your business stays competitive in fast-moving markets.

How Blockchain Development Outsourcing Works

Outsourcing blockchain development services involves a structured process designed to deliver high-quality results. Here’s how it unfolds:

1. Choose the right blockchain development partner

Evaluate potential firms based on their expertise, portfolio, client reviews, and industry experience. Look for a partner with a proven track record in blockchain projects similar to yours and with an understanding of your business goals.

2. Define the project scope and requirements

Before development begins, clearly define the project’s scope, objectives, and deliverables. Include specifics like timelines, desired features, and expected outcomes.

This way, both parties are aligned, and the chances of delays or scope creep are minimized.

3. Maintain a collaborative development process

Once the project kicks off, maintain regular communication. Your outsourced team will collaborate with your internal team to design and develop the solution. Regular updates, feedback sessions, and progress reports keep everyone on the same page. 

4. Ensure quality assurance and testing

Testing is critical to blockchain development. Your outsourced team should conduct thorough quality assurance checks to ensure the solution is robust, secure, and scalable. This prevents potential vulnerabilities and makes sure that the product works as intended. 

5. Initiate deployment and integration

After testing, the solution is deployed and integrated into your existing systems. A reliable outsourcing partner makes the transition as seamless as possible, with minimal disruptions. This helps your team adapt to the new system more smoothly.

6. Ongoing support and maintenance

Blockchain technology requires regular updates and support. Outsourcing partners can provide ongoing maintenance to address issues, improve performance, and implement new features as needed. In doing so, you can be more confident that your project will succeed in the long term.

Common Misconceptions About Blockchain Outsourcing

Despite its growing popularity, many myths surround the decision to outsource blockchain development services.

Let’s debunk the most common ones:

• Outsourcing compromises quality: Quality concerns may arise with unverified providers. However, reputable firms do deliver high-standard solutions, which they should be able to demonstrate with a proven track record.
• Blockchain development outsourcing involves significant risks: Trusted partners follow extensive security measures, protecting sensitive data and assuring project reliability.
• Outsourcing focuses solely on cost reduction: While cost savings are a benefit, outsourcing also prioritizes expertise, innovation, and efficiency to maximize value.
• Outsourced teams struggle with communication and collaboration: While this may be the case with inexperienced offshore teams, nearshore software development outsourcing offers cultural and time-zone alignment.
• Outsourcing results in reduced project control: Collaborative models and regular updates can still keep you in charge of the project’s direction and outcomes.
• Outsourcing is exclusive to large/small businesses: Blockchain outsourcing suits companies of all sizes, from startups seeking cost-effective solutions to enterprises aiming for scalable innovation.

By separating fact from fiction, you can more confidently leverage the advantages of blockchain development outsourcing.

Where Should You Outsource Blockchain Development?

Deciding to outsource blockchain development services is about finding the right balance between cost, expertise, and efficiency.

Here are some of the best locations to consider when you look for a provider:

The United States

The US is home to leading blockchain innovation hubs. Companies here have access to cutting-edge technologies and highly skilled developers.

While it’s one of the more costly options, outsourcing within the US (onshoring) ensures premium expertise, especially for complex blockchain development projects requiring advanced solutions.

Eastern Europe

Eastern Europe, particularly countries like Ukraine, Poland, and Romania, is a growing tech hotspot. Offshore blockchain developers there are known for their technical skills, creativity, and cost efficiency, partly due to the region’s lower cost of living. 

Asia

Countries like India, the Philippines, and Vietnam dominate the outsourcing market. East Asia and Greater China, for instance, account for one-fifth of the global developer population.

This means that Asia has talent in a wide range of developer expertise and seamless round-the-clock operations from your time zone to theirs.

Latin America

Latin America (LatAm) has become a top destination for nearshore software development companies. The region boasts a thriving software industry due to educational investments and policies promoting innovation.

LatAm also offers cultural and time-zone alignment, making collaboration seamless. 

Top 5 Companies for Outsourcing Blockchain Development

Choosing the right partner is the key to a successful project. Here are five impressive companies to consider, whether you need one or a whole team of blockchain developers. 

Note that this list isn’t ranked in any specific order and includes both dedicated blockchain development companies and firms that provide blockchain developers as part of their wider recruitment offerings.

Near

At Near, we specialize in connecting your businesses with top LatAm talent. Our fast and personalized hiring process helps companies onboard blockchain experts in just 21 days or less. With us, you gain cost efficiency, cultural alignment, and a competitive edge to build high-performing teams.

Flatworld Solutions

Flatworld Solutions operates globally, with offices in the US, UK, India, and the Philippines. With a team of nearly 5,000 developers with extensive experience, it caters to clients across 167 countries, delivering tailored solutions for diverse industries. Its expertise ensures secure, scalable blockchain products.

LeewayHertz

Based in the US, LeewayHertz focuses on solving complex technological challenges with custom blockchain solutions. Its AI-driven platforms and deep expertise help businesses unlock new opportunities in the blockchain space. LeewayHertz delivers scalable and secure blockchain solutions across various industries. 

Peiko

A Ukraine-based firm, Peiko specializes in blockchain and Web3 solutions. It excels in smart contract development, distributed ledger systems, and decentralized apps (DApps). Peiko’s technical prowess and innovative approach make it a trusted partner for blockchain projects. 

SpaceDev

SpaceDev, headquartered in Uruguay, excels at advanced blockchain development services using Agile methodologies. Its focus on decentralization and innovation turns ideas into successful, tangible products. SpaceDev is committed to delivering high-quality, future-proof solutions to empower businesses. 

Final Thoughts

Blockchain development outsourcing offers a powerful way to bring your vision to life while staying efficient and innovative. 

By outsourcing this service, you can connect with top talent and receive specialized expertise that will otherwise be challenging to find locally while keeping cost efficiency in mind.

Near can help you supercharge your business by connecting you with top LatAm talent. With our streamlined process, you can build a high-performing team specifically catered to your business needs in no time.

Book a free consultation call today and start assembling your dream blockchain development team!