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How to hire a blockchain development company

Most businesses are on the web these days or on Mobile applications, the people with the business ideas begin thinking about hiring someone to create the website or mobile app for their idea. However, the web is a crowded place these days and important pieces of information can easily be overlooked.

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Is your MVP ready?

Needless to say, one must be aware of the stage your Idea is in. Is it just in ideation stage? Or do you already have the MVP and are going to bootstrap/fund your way to full scale? This awareness of your development stage greatly impacts how much you are going to spend on development and what quality of your product best fits your requirement depending on the timeline you have decided.
Unless you are dealing with compliances in your product. It is usually a fair idea to go for a freelancer. Hiring an agency promises better ownership of the contract.

What technology stack works best in your use-case?

Ethereum is not the only player in the market anymore. Challengers are already in the market and better groomed to support use-cases or pain-points of their choice as per their research of the market. Some of the noteworthy examples are Tron and EOS. Once you have narrowed down your high level research to what suits your product the best. It is time to start looking for developers accordingly. For more information on EOS, Tron and Ethereum on how they  are competing against each other, CLICK HERE

Your Budget

Most companies leave information on their average contract amount in the online directories. Make sure you have a budget set in your mind and filter the data accordingly. Cheap is not the key here, finding best possible quality in a given budget is. So do explore list of the companies online to see what kind of projects have they delivered in the similar/same vertical.

Sign an NDA

Your Idea needs protecting, which is where hiring an agency is a better option because you can expect better responsibility for the awarded contract. Keep a format ready with you and send the high level project details to the filtered list of companies per above steps for actual payment quote from the companies and see how many fit in your budget. It’s okay to keep a few exceptions in your mind if you are really impressed with a proposal and portfolio.

Run a reference check

Check if the company/freelancer has any reviews and setup a face-to-face interview/discussion if possible. Reviews are important and tell you great deal about the company you have shortlisted. It’s fine to have a great army of developers but another thing working toward’s customer experience and success.
Ask for 2-3 references (bonus points if you ask for specific clients based on what you’ve seen on their website, so they can’t just serve up their close friends or best clients) and schedule a 15 minute call to learn more about their experience.

Ask for Primary Contact and change scope

It is very important to know who will be primary point of contact and the lead on my account so that ownership of the project is streamlined and you are aware of all progress. Also, make sure to document each feature request and take a price quote for change requests, so that any change request has better visibility for all stakeholders.

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