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INN4SCIENCE BLOG

INN4SCIENCE BLOG

Blockchain

How To Hire Blockchain Developer: Our Advice And Recommendations

how to hire blockchain developer

There are many startups and enterprises willing to hire blockchain developer who is able to build a dApp on top of Ethereum, a crypto-to-fiat exchanger, or a smart contract for their ICO. No wonder, as there is literally no industry that hasn’t been disrupted by this cutting-edge technology, and it seems like the presence of the distributed ledger adds extra value to each project.

The world is going blockchain. Its market size is predicted to reach $16 billion by 2024, as per recent report conducted by Global Market Insights, Inc. IBM, FedEx, British Airways, Microsoft, Nestle, Walmart — these are only a few large companies adopting the blockchain. The problem is, no blockchain development is possible without real experts in this technology, and such demand doesn’t often coincide with supply.

The question is: how to find blockchain developers? In this article, we will give you tips and our recommendations on choosing well-established developers specialized in the blockchain technology so that you avoid the most common pitfalls.

What You Need To Know Before You Start Looking For Blockchain Developer

Before you make your first steps towards searching developers for your blockchain project, you need to determine what kind of cooperation is most suitable for you: onboarding or outsourcing.

While many startups and enterprises are eager to hire in-house blockchain developers because of the low cost, it might be not a good idea, mostly for 3 reasons:

  1. It’s a time-consuming process. You or your HR department will spend weeks and months trying to find the right candidates, evaluate their expertise, and create an attractive offer for them.
  2. It’s not that cost-efficient as it may seem. If you calculate all the extra expenditures such as workplaces, HR management, and taxes, you will see that it would be better to spend this budget on the blockchain development itself.
  3. Your programmer is your responsibility. Hiring developers directly means that you will need to control their work and ensure the smooth development process.

Considering the above-mentioned, outsourcing is a better alternative. Moreover, many projects do not need blockchain developers on a constant basis. So why spend time and money on in-house coders if you only need a smart contract or an MVP for your ICO?

Determining The Objectives Of Your Project And The Desired End Result

Another thing you need to consider before starting any search of the blockchain developers is your main objective. You need to outline your requirements and the end product you want to receive: a blockchain wallet, a mining software, an exchange app, a blockchain banking solution, you name it.

The more clear your requirements are, the more your expectations will be met. Moreover, it allows understanding whether you need a one-time development or a life-long support of your blockchain project.

What Kind of Developers do You Need?

Depending on the scope of your project, you might want to hire blockchain developer as a freelancer or to become a part of your project, or outsource the development to a dedicated team. However, the latter is more recommended as the outsourcing company will have optimized processes, a framework, and a project manager who will ensure completion of the project according to the requirements and on-time delivery.

How to Find Freelance Blockchain Developers?

Hiring Process

With the extent of the Internet coverage, hiring freelance blockchain developers is as easy as it never could have been, ever. Currently, there are dozens of freelance platforms, ranging from giant aggregators covering all possible kinds of work to highly specialized platforms. Although specialized ones exist, it is better to search for candidates on the major ones, such as freelancer.com, fiverrr.com, or upwork.com, as they attract more widely specialized developers that also may fit for your work. After you have your scope of the project ready, posted and gathered several responses, it is the best to interview the top 5 responders, and select the one that fits the best.

Pros

Freelance developers often have good experience in different spheres, which gives them more knowledge, than work on one or two specific projects. Apart from that, they are usually oriented at fast commitment, as opposed to working in the office, and can deliver faster. An additional advantage of hiring freelance blockchain developers is zero set-up cost and time. In lots of cases, freelancers start their work right after securing the task.

Cons

Freelance work is widespread over the whole globe, and most probably, the best freelancer will be from a distant place. This can have a major disadvantage in your feedback and the overall progress of the project if you and your contractor are in different timezones. Also, there may be a cultural impact from people with another background. One of the popular disadvantages that is often spoken about is the lowest quality of code and the lack of developers’ responsibilities. Indeed, there are a lot of developers who can be outstanding during the selection process but then disappoint. And, of course, there are commissions that you pay to the platform when placing a job offering and transferring money to the freelancer.

How Much Does it Cost?

The hourly rates of freelance blockchain developers are estimated at $60 hourly, but there are additions in form of the commission to your freelance platform, and, sometimes, covering some taxes for your developer.

Hiring In-House Developers

Hiring Process

Finding blockchain developers for hire doesn’t differ much from hiring any other kind of developers. If your project is small, you can try to find one yourself using the local work search websites, but it is advised to delegate such work to HR specialists or human resource companies, as they will have an ability to conduct a technical interview and detect any possible issues if there are any.

Pros

Your in-house developer is a great addition to the company. Except for the workforce, new people add diversity to your team, provide fresh valuable opinions and input, and help you with shaping your project. This being said, the in-house developers often value and care about the product and concentrate on delivering a genuinely high-quality product.

Cons

Apart from the salaries and taxes, having developers in office adds tons of additional expenses on the office maintenance, administrative work, their technical support and lots more. Also, as much as a person can contribute to the project, he or she may also bring discord into the established team for some reason. Finally, it takes time for a new in-house developer to dive into the project, so you always need to consider that.

How Much Does it Cost?

You can hire blockchain developers for a cost of around $2,000 a month for a middle developer, up to $3,200 for a senior, but it is a viable option only if you already have all infrastructure, management personnel, designers, copywriters, QA, and DevOps specialists.

Delegate the Development Responsibility to an Outside Party

Hire Blockchain Development Company

The third option is to hire a specialized team of blockchain developers that will deliver your project on time in full, without the need in your attention to each team member. There are a lot of outsourcing blockchain development companies out there, so there is a place for a pick. Therefore, when choosing this option, you need to thoroughly select the candidates, check out their portfolio in terms of similar projects, consider timezone and cultural differences, just like with freelancers, etc.

Pros

Contrary to sole blockchain developers for hire, after you have provided an extensive design and requirements document, the team is well self-sustained with the help of a team manager who will manage all processes inside the team and will be your only accountable contact person. Apart from it, the outsourcing companies have all required personnel apart from developers, such as designers, QA specialists, DevOps, copywriters, and technical writers, so their work is absolutely full-fledged. Also, you won’t need to pay for office up-keeping and maintenance, electricity and the administrative expenses will be much smaller.

Cons

Although development companies deliver the product with both speed and quality, once your project is done, the team will move on to other client’s works. Not only this leaves you without the support for your new product, new developers you may hire for supporting it may require time to learn the product and may be less effective in the beginning. However, there is an option to sign up the same team for support of your product, for example, for 10 hours a month.

How Much Does it Cost?

You can hire blockchain developers for a cost of around $2,000 a month for a middle developer, up to $3,200 for a senior, but it is a viable option only if you already have all infrastructure, management personnel, designers, copywriters, QA, and DevOps specialists.

Delegate the Development Responsibility to an Outside Party

Hire Blockchain Development Company

The third option is to hire a specialized team of blockchain developers that will deliver your project on time in full, without the need in your attention to each team member. There are a lot of outsourcing blockchain development companies out there, so there is a place for a pick. Therefore, when choosing this option, you need to thoroughly select the candidates, check out their portfolio in terms of similar projects, consider timezone and cultural differences, just like with freelancers, etc.

Pros

Contrary to sole blockchain developers for hire, after you have provided an extensive design and requirements document, the team is well self-sustained with the help of a team manager who will manage all processes inside the team and will be your only accountable contact person. Apart from it, the outsourcing companies have all required personnel apart from developers, such as designers, QA specialists, DevOps, copywriters, and technical writers, so their work is absolutely full-fledged. Also, you won’t need to pay for office up-keeping and maintenance, electricity and the administrative expenses will be much smaller.

Cons

Although development companies deliver the product with both speed and quality, once your project is done, the team will move on to other client’s works. Not only this leaves you without the support for your new product, new developers you may hire for supporting it may require time to learn the product and may be less effective in the beginning. However, there is an option to sign up the same team for support of your product, for example, for 10 hours a month.

How Much Does it Cost?

The overall cost depends on the team size and the types and number of specialists you will need to hire apart from blockchain developers. The median rate of one specialist provided by a specialized outsourcing company is $55 an hour. A mid-size blockchain project will take around 7 months for an average development team, so you can easily calculate the final cost based on the number of engineers you will need.

An Individual Developer or a Team?

blockchain development company

Depending on the scope of your project, you might want to hire blockchain developer or outsource the development to a dedicated team. However, the latter is more recommended as the outsourcing company will have optimized processes, a framework, and a project manager who will ensure completion of the project according to the requirements and on-time delivery.

Skill Set of a Perfect Blockchain Developer

  1. A blockchain developer needs to have a strong understanding of the programming basics, namely, the concept of such languages as C, C++, Node JS, Java, Javascript, and such concepts as OOPS, multithreading, and socket programming. The knowledge of GO and RUST languages is something you should pay a special attention to.
  2. Secondly, you need to find a blockchain developer who has a solid background in the projects related to encryption and security, as these are necessary companions of any blockchain network. Your coder needs to understand the principles of encryption and decryption, what is a SHA algorithm, and the difference between private and public keys.
  3. Finally, a developer for your blockchain project needs to be an expert in the blockchain technology. A programmer must clearly understand how Distributed Ledger Technology works, why blockchain is immutable, what is a consensus mechanism, how to build dApps, how to create a smart contract using Ethereum, Hyperledger, or EOS.IO, etc.

As you can see, a blockchain developer needs to have quite a broad expertise, significant experience, and an extensive portfolio that includes operating blockchain products. And that is why you cannot just hire an ordinary Java developer and expect him to build a blockchain-based supply chain solution. You need a blockchain expert.

Time Management And Reporting

Blockchain is the industry where everything has to be made fast, including development. Otherwise, there is a high chance that the competitors will do it faster and present their product earlier than you do. Therefore, you need blockchain developer or a team that would meet the deadlines and deliver the tasks in a timely manner according to the agreed roadmap.

When it comes to outsourcing blockchain development, it is highly important that the advanced reporting takes place. Such an obvious but highly necessary thing is mutually beneficial to both parties, as the client is able to control the development process, and developers, in their turn, can track their progress and save time on replying to additional questions.

What is the Blockchain Development Cost?

Blockchain development was on the second place of the top 20 fastest-growing skills in Q3 2017, according to the Upwork report. The Burning Glass Technologies have reported a 115% growth in blockchain job postings.

If you want to hire Bitcoin developers, you need to stand the fact that is costs a lot. For example, an average salary of a blockchain senior software engineer in the US is over $117,000.

But, if we speak about outsourcing blockchain development, the costs can vastly vary, depending on the team’s experience and geographical location. Of course, you can hire one of the multiple development companies in India to cut your costs. Yet, you cannot stay sure about the quality of your end product and may experience difficulties because of the differences in culture and time zones.

Over the past time, Ukraine has been called a blockchain development haven because of the real experts in the blockchain technology and reasonable costs. Moreover, Ukrainian developers have strong English skills and a European mindset, which is a great set for understanding between the development team and the client.

Our Projects And Experience

blockchain developer skill set

Having dedicated blockchain experts on board, Inn4science has a strong focus particularly on the blockchain development. While many IT outsourcing companies only want to hire bitcoin developers to augment their team, we’ve been out there for quite a time working on the distributed solutions that improve the way of doing business.

Our services include but are not limited to dApp development, smart contract development, cryptocurrency and token development, Ethereum and Hyperledger development, creation of private and public blockchain, etc.

The blockchain expertise behind Inn4science can be clearly seen through the successfully completed projects in our portfolio. Thus, we have developed Nanopool software that arranges miners in pools, VIPcoin, a new generation cryptocurrency that is 100% backed by gold, a digital currency exchange Peer2Cash built on top of open sources and open protocols, and more.

Let’s Work Together

If you want to find blockchain developers and bring your idea to life, then we can help you. Our blockchain development portfolio speaks for itself, and we are willing to enhance it with your project. At Inn4science, we believe that the blockchain solutions can significantly optimize the business processes, and we know how to build them from scratch. Contact us today and we will get back with an offer that will meet your tech and financial expectations.

DO YOU HAVE ANY QUESTIONS?

LET'S DISCUSS! BOOK A CONSULTATION WITH OUR SPECIALIST


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