Blockchain implementation is cost-intensive. When can I expect payback?

From ScienceSoft’s experience, investments in blockchain software development typically pay off in 12–18 months . In our blockchain projects, we help our customers reveal the cost optimization opportunities and bring in our established Agile practices to speed up development and drive faster payback from blockchain implementation.

How can you ensure the privacy and security of data stored in blockchain?

Our blockchain development company devises a strategy to prevent technology risks and stay compliant with GDPR, HIPAA, PCI DSS, FINRA, ISO 27001/27002 , and other relevant standards and regulations. We also enforce policies to confirm transaction validity, implement authorization controls for APIs, set up privileged access management, and apply other security-boosting strategies

How to choose the right blockchain app development company?

Consider the vendor experienced in building the type of blockchain solution you want and serving the industry you operate in . The chance is, such a company already had the clients with similar needs, thus will be able to create the solution that meets your business specifics. Look for the vendor that provides blockchain consulting . Such a company will help you optimize the blockchain solution design and determine the proper development approach – you get an opportunity to cut the project cost and timelines. Pay attention to the available skills and tech stack . A good vendor will be able to provide all necessary competencies – from BA and PM to coders and QA engineers – to cover blockchain development end to end. General expertise in IT matters. It helps differentiate the pros with established practices from the newbies with limited experience and a focus on quick success. A strong portfolio and customer testimonials indicate a trustworthy tech partner with a proven track record in the domain.

Blockchain Development Company

Blockchain development services help create decentralized software with full traceability and security of data and transactions. In IT since 1989, ScienceSoft can provide your company with expert advice and full-scale practical assistance on custom blockchain app development.

Blockchain Solutions ScienceSoft Delivers

Blockchain networks

Secure and scalable decentralized ecosystems with minimized downtime:

Permission-based networks.
Permissionless networks.

Asset tokenization platforms

Decentralized platforms that allow users to create, manage and trade their asset-backed tokens:

Blockchain-based market platforms

Peer-to-peer platforms for transparent, fraud-free transactions between the parties:

Smart contracts

Protocols that guarantee the integrity of multi-party agreements and automatically enforce fixed obligations.

Crypto assets

Custom cryptocurrencies.
Crypto tokens: NFTs, security, utility, governance, reward, etc.

Crypto wallets

Digital wallets for storing and transacting various types of crypto assets.

dApps

Encrypted peer-to-peer applications with no single point of failure and zero downtime.

DAOs

Blockchain-based platforms for collaborative decision-making across communities with no central authority.

Cross-chain bridges

Decentralized solutions that enable compatibility of crypto assets across different blockchain platforms.

Build Your Own Blockchain Solution with ScienceSoft

We can provide a full scope of blockchain software development services – from blockchain development consulting to blockchain implementation, quality assurance, and support.

Blockchain consulting

We introduce a clear concept of your blockchain solution, compose an optimal tech stack, and provide expert advice on security and compliance. You also receive a detailed project roadmap for risk-free blockchain development.

I need this!

Blockchain development

We design and build blockchain software with your business goals in mind. Plus, we integrate blockchain with all required systems. You get a state-of-the-art, highly secure blockchain solution promptly and at the optimal cost.

I need this!

Explore Our Featured Blockchain Projects

Development of Blockchain-Based Supply Chain Software

3 months to build an MVP comprising a distributed ledger, a consensus algorithm, and a smart contract.
A secure private network with flexible modular architecture built on the Hyperledger Fabric framework.
Web apps for manufacturers, distributors, and stores to access the blockchain network.

Customer’s benefit: Shorter time-to-market for the blockchain-based supply chain software product.

Project details

Crypto Wallet Integration with NEAR Protocol for CoolBitX

Introducing tech documentation on the operating capabilities of the NEAR network.
8 weeks to create integration SDK that comprised NEAR network API, code libraries and compilers, and more.
Performing functional and integration testing.

Customer’s benefit: Fast and smooth integration, high product value for the end users.

Project details

Team Augmentation for Front-end Development of a Mobile Bitcoin Wallet

Cooperation start in 5 days.
4 days for full knowledge transfer and analysis of the existing JavaScript code.
Modification of the blockchain app’s JavaScript code according to the Customer’s requirements and within the agreed time frame.

Customer’s benefit: Faster launch of a cross-platform cryptocurrency wallet to facilitate bitcoin management.

Project details

Consulting on Crypto Wallet Development for a EU Fintech Startup

Cooperation start in 10 days.
Suggesting an optimal approach to crypto wallet development.
Introducing a crypto wallet product concept, a technical requirements specification and a detailed implementation project plan.

Customer’s benefit: An opportunity to cut the development project cost over 12x times.

Project details

NFT Marketplace Consulting for a US Startup

An optimal tech stack, feature set, architecture and infrastructure design for the NFT marketplace.
Suggesting value-adding features, such as NFT minting capabilities for non-technical users, multiple payment options, auction bidding for NFT.
NFT marketplace prototyping.

Customer's benefit: Confirmed business idea feasibility and a well-designed NFT marketplace concept.

Project details

Blockchain Use Cases ScienceSoft Supports

Blockchain software has already proven its viability for a range of use cases. If you are still not sure blockchain is the right technology for your business, ScienceSoft’s consultants can analyze the feasibility of blockchain use for your company-specific needs.

Financial transaction management

Secure and fast payment, lending, currency exchange transactions with no intermediary services. Reduced fraud, minimized delays, and zero lost agreement opportunities in trade finance and commodity trading due to the use of smart contracts.

Health record management

Unchangeable, HIPAA-compliant recordkeeping, secure transfer of sensitive data between multiple healthcare providers for quick and accurate patient diagnosis and effective treatment. Safe and easy medical record sharing with patients.

Supply chain and logistics management

Faster validation and execution of supplier contract obligations, transparent goods provenance tracing and monitoring, enhanced supply protection, and more for a streamlined supply chain cycle with reduced disruption risks.

Asset management

Immutable asset records for various industries, from media and luxury retail to real estate and additive manufacturing. It helps provide proof of ownership and prevent fraud and counterfeiting.

Identity and access management

Irrevocable credential data and a zero-knowledge proof encryption scheme to prevent unauthorized access to the company data, networks, apps or devices.

Document management

Safe document sharing, guaranteed legal compliance, easy record validation due to end-to-end traceability of document manipulations, from creation and editing to viewing and sharing.

Marketplace management

Secure multi-seller access, immutable record of all marketplace transactions for improved order and payment traceability, faster and less costly payments.

Insurance claim management

Fast and accurate claim validation, assessment and payment, transparent resolution of claim disputes with reduced manual work to cut claim handling costs.

Electronic voting

Easy vote verification, secure vote storage and transparent vote counting for credible, incorruptible voting and improved voter engagement.

Why Choose Blockchain Development with ScienceSoft

Since 2020 in enterprise blockchain development and cryptotech.
Proficiency in leading blockchain frameworks and networks: Ethereum, Hyperledger Fabric, Graphene, Substrate, Solana, Polkadot, NEAR, etc.
Solidity, Rust, Vyper, Golang, Java, Python, C++, JavaScript developers in the team.
Software development expertise in 30+ industries, including BFSI, retail, healthcare, manufacturing.
Since 2003 in cybersecurity to establish world-class security of custom blockchain solutions.
Hands-on experience in blockchain cryptography algorithms: SHA-1, SHA-2 (specifically SHA-256), SHA-3, MD5, Diffie-Hellmann, ECC, and more.
Compliance experts with 10+ years of experience to ensure that a blockchain solution meets case-specific legal standards.
Presented in the list of the Top 10% European Solidity (Ethereum) Development Companies by Aciety.

Perks of Our Custom Blockchain Development Services

Flexible cooperation models

– full blockchain development outsourcing, dedicated teams or team augmentation.

Fast blockchain development

– quick project start (1–2 weeks), frequent releases (every 2–3 weeks), MVP in 1–4 months.

High quality of the blockchain software

– due to access to the proven technology skills and multi-industry expertise of our developers.

Get Expert Help to Roll Out Blockchain Software

ScienceSoft's blockchain development team is ready to build:

Blockchain-based products for product development companies to generate revenue fast.
Tailored blockchain solutions for non-IT enterprises to improve the efficiency, transparency and security of their businesses.

Request assistance

Blockchain Development Steps

Blockchain software development process with ScienceSoft as a technology partner looks as follows:

A discovery phase: business and end user needs analysis, market research, analysis of regulatory compliance requirements, the blockchain feasibility study.

Blockchain solution conceptualization. Depending on the case, it may cover selecting an architecture type, a consensus mechanism, a blockchain platform, an asset to tokenize, etc.

The proof of concept development (optional).

Blockchain software design: feature mapping, architecture design, UX and UI design, and integration planning.

Project planning: introducing a project roadmap with cost and time estimates, as well as a risk mitigation strategy and plan.

Blockchain software development: back-end development (including APIs), front-end development, smart contract development (including oracles and proxy contracts), establishing the off-chain data storage.

Running quality assurance procedures in parallel with coding.

Blockchain solution integration with the required internal and third-party systems, including those built on other blockchains.

Blockchain software deployment and release.

For more information on the specifics and duration of each stage, please visit our detailed guide to blockchain software development.

Blockchain Software Development and Blockchain App Development – Feel the Difference

While both blockchain software development and blockchain application development involve creating a blockchain-based solution, the former is a much broader field and may cover the latter within the task scope.

Blockchain software development

Blockchain software development typically encompasses the design, implementation, and maintenance of complex blockchain-based systems that perform a wide variety of operations and may comprise dedicated processing engine and off-chain data storage.

Examples: a blockchain system for cross-border payments, blockchain-based food supply chain software.

Blockchain software development tends to be more effort-intensive; it requires the knowledge of multiple technology domains and involves specialized skills, such as blockchain architecture and infrastructure design.

Blockchain application development

Blockchain app development is a subset of blockchain software development that focuses on designing and building the applications for end users to perform specific tasks like tracking certain transactions and events, making requests or payments.

Examples: a crypto wallet, a blockchain app for insurance claim filing, a blockchain app for inventory control.

The main goal of a blockchain application development company is to create a winning app design that guarantees seamless user experience. Hence, such companies mostly focus on UX/UI design, usability testing, and front-end development.

Technologies & Tools We Use

Blockchain frameworks and networks

Blockchain cloud services

Smart contract programming languages

Smart contract development and testing frameworks

Front-end programming languages

Languages

JavaScript frameworks

Back-end programming languages

DevOps

Containerization

Automation

Driving ROI with advanced techs

See how we help increase the value of your blockchain solution.

Advanced Techs to Integrate with Blockchain

When combined with the latest technologies used for data aggregation, interpretation, and analysis, blockchain offers high integrity, full traceability, enhanced security of data and data-associated transactions and events.

Our blockchain software development company can power your blockchain solution with the following advanced techs:

Internet of Things (IoT)

Automated aggregation, an immutable record, and secure sharing of unstructured and semi-structured IoT big data.

AI-based security techs

Instant detection of inaccurate data and suspicious transactions and preventing their upload into the blockchain.

Machine learning (ML)

High quality of analytical results due to ML model training using the reliable and incorruptible data stored in the blockchain.

Designing for growth

Explore a sample blockchain architecture we rely on.

A Sample Blockchain Architecture

ScienceSoft understands how confusing and counterintuitive the blockchain concept may look at first glance even for the tech-savvy persons. However, when explored from the course of traditional architectural patterns, blockchain appears not that complicated. To help you get a general idea on how blockchain functions, we share a sample blockchain architecture our blockchain developers rely on. In our projects, we employ a multi-layer blockchain architecture to ensure high scalability and facilitate evolution of blockchain software.

Sample architecture of a blockchain solution - ScienceSoft

Presentation layer enables user interaction with the blockchain network via web and/or mobile applications.
Application layer (business logic) provides instructions for transactions defining, invoking and execution.
Distributed computing layer enables transaction e-signing, validation, execution and recording, comprises data block hashing and auto-updates across nodes’ copies of the shared ledger.
Platform layer ensures communication between blockchain and other applications and blockchain-to-blockchain interoperability.
Infrastructure layer defines the type of network utilized by the blockchain, participating nodes, virtual and physical storage for the blockchain ecosystem.

Blockchain Software Development Costs

Blockchain software development may cost $30K–$2M+, depending on the type of blockchain solution to build, requirements for its functional and non-functional capabilities, and the chosen software design patterns.

Below, we provide the approximate cost estimations based on ScienceSoft's experience in blockchain development services.

$30,000–150,000

A basic dApp that comprises role-specific user interfaces and smart contracts.

Around $150,000

A blockchain-based marketplace of average complexity.

$400,000–$2,000,000+

A full-featured blockchain that comprises a private network and smart contracts.

Get to Know the Cost of Your Blockchain Solution

ScienceSoft’s team is ready to calculate the project cost for your specific case.

Get my quote

Blockchain Development FAQs

What Our Customers Appreciate About ScienceSoft

Yuhan Cheng

Business Development Manager

CoolBitx

Owing to ScienceSoft’s expertise in Blockchain-based software development, we chose them as a technology partner for the CoolWallet SDK development project. We were pleased with the outcomes of the project, as well as with the transparent and responsive collaboration from the vendor.

Read Original

Jeff Cafolla

CMO and Co-Founder

Secure-DeFi

We wanted to build a multi-chain crypto wallet that would let users convert cryptocurrencies without commission. ScienceSoft came up with a go-to architecture, features, and tech stack for our multi-chain wallet, and introduced a detailed roadmap for crypto wallet implementation. Besides, they helped us develop a corporate website to represent essential technical information and a white paper for our potential customers and investors.

Read Original

Devin Hanchar

Director of Technology

Ghostlab Inc.

For our project – building a Bitcoin mobile wallet on Cordova – we needed the assistance of a skilled mobile developer. The developer managed to quickly understand the existing code base and proceeded to modify and evolve it according to our requirements. Together, we released our app on time and budget.

Read Original

Leverage Effective Blockchain Solutions

ScienceSoft is ready to provide blockchain app development services to deliver reliable blockchain solutions which allow for enhanced traceability, security and faster processing of data and transactions.

Contact the team