Top Reasons to Outsource Blockchain Development to India

There’s no denying when Blockchain experts say that blockchain has emerged as a disruptive technology that has changed the dynamics of several industries including game development, banking and multiple others. Even the coinbase CEO can vouch for how promising blockchain technology is. Moreover, several startups and SMEs have begun their quest, which is Blockchain development outsourcing. 

The 2024 Stats reveal that nearly 66% of US-based startups are currently outsourcing at least one department. There’s no surprise that the IT outsourcing market is likely to grow by 512.5 Billion USD by the end of 2024. And the demand for hiring skilled blockchain developers tops the charts. Considering an active community of Blockchain professionals and a reliable blockchain development agency in India justifies the surge.

Apart from the surge, other concrete reasons are proactively enabling this shift. In the blog, we will show you how outsourcing your blockchain app development to India can prove to be an investment-worthy strategy for your project. Read on to know more.

Understanding: Blockchain Development Outsourcing 

Suppose you want to build your blockchain app and you plan on hiring a team for your blockchain development. 

At the same time, you might not have the expertise to evaluate or interview a professional. You’re confused about whether the expertise that a blockchain professional brings to the table is appropriate for your project. 

Even when you get a grip on the Blockchain fundamentals and its architecture, you might still lag on certain parameters. On the contrary, hiring the talent acquisition team for the same might end up playing a gamble that may backfire. The repercussions? Financial losses and signing up for more headaches.

Hiring a full-time in-house blockchain development team for your project may seem to be an optimal choice. You might even consider hiring freelancers across different platforms. But again, there are some major downsides to it. you will constantly be caught up in a loophole with some major communication gaps.

The most feasible solution here is blockchain development outsourcing to India. This move will be highly effective and investment-friendly. In case you are still skeptical, we’ll show you exactly the top reasons to know why India is a leading choice for blockchain development outsourcing.. This will help you make an informed decision.  

Why You Must Consider Blockchain Development Outsourcing to India? 

• Cost-effective Solution

Let us all admit. Hiring Blockchain software developers from India has been a lucrative strategy for multiple US start-ups saving them hefty figures. By hiring Blockchain developers, companies can save a massive 50% to 80% of their salaries instead of hiring Western countries. This is a great deal of the stakeholders boosting profitability with efficiency.

The average cost of hiring a Blockchain developer in India slightly differs from a variety of parameters like experience and expertise. However, the average pay scale for beginner developers is from 2,000$ to 4000$ per month. Which is not even half of the amount that the companies pay to their respective counterparts. Especially when it comes to Western countries like the UK, the US, and Australia.

Of course, these pay rates justify the living standards, the exchange rates, and higher healthcare expenses compared to that in India. Did you know? The cost of living in one of the most cosmopolitan, Mumbai is still 64% less than that of Los Angeles. 

Moreover, businesses can opt for a diversified hiring model like Paying at an hourly rate, or weekly rate or hiring full-time professionals. The lucrative move gives the organization’s flexibility to pay taking into consideration its financial budget. What’s more?  If you outsource your blockchain development services, it emerges as a long-term cost-effective approach that has proven to be profitable for several startups and SMEs across the globe.  

1. Tech-driven Culture 

Do you know the reason why the majority of US-based tech companies have Indian CEOs? Think about that! The core reason for this is the deeply embedded technology-driven educational foundation.

Let us enlighten you with another fact. All these popular Indian CEOs have graduated from Indian universities. The reason for the Technological footprint is the strongly embedded technical knowledge in the Indian education system. India has produced some of the greatest brains and you know reason stems to its classic roots. Moreover, India has a humongous number of Blockchain developers across the globe.

How about learning more about different working styles, and embracing unique work cultures? Hiring Blockchain developers from India enables you to achieve that. Furthermore, a wide community of skilled Blockchain developers helps you explore fresh perspectives on emerging trends in Blockchain.

• Suitable Time Zones

Continuous Development Cycle 

Out of all  IT outsourcing places, India has the most suitable time zone appropriate for enterprises across the globe. Moreover, the Indian Standard Time (IST)  complements the working hours and times of other Western countries. To top it up,the synchronized way of working boosts overall productivity.

For example,  When the professionals working in other countries will wind up for the day. A team of expert blockchain developers can take over the development process. Quite a win-win situation here! More like a synergetic move!

Change the perspective – By effectively Outsourcing blockchain development services, you can drastically improve the productive work environment. Which definitely will uplift the working approach resulting in a faster development cycle. Moreover, it will help in the timely delivery of the Blockchain projects and satisfactory Client experiences. Now you know why we call it a win-win!

Choosing an offshore team by hiring a team for blockchain development can put some stress off your mind. You now have access to a talented and tech-savvy team for blockchain development who can efficiently reciprocate any client queries. Even handle  any possible worst-case scenarios.

Round-the-clock Productivity 

Expecting the blockchain team working on the same to work extra hours can not always prove to be an effective strategy. It might lead to quick burnout. This is when the outsourcing project by hiring a team for blockchain development becomes your rescue strategy.

Manage Client Meetings 

Thanks to the no-language barrier that you get when offshoring a blockchain development service. Any educated person in India is well-versed and familiar with the English language. One of its benefits in the real-life scenario is managing client meetings with impactful communication during odd working hours. 

• Risk Sharing 

Outsourcing an entire team of blockchain developers in India is a haven. Let us tell you how. Having an open-ended discussion with the other team makes me explore different perspectives. A bonus would be aware of different worst-case scenarios or any adversities. 

Moreover, offshoring a team of blockchain developers offers you a major advantage. Now you have someone to count on for your Blockchain project with shared responsibilities and mutual accountability.

• Easy Accessibility to the Wider Talent Pool 

Out of all the concrete reasons, one of the core reasons that India stands globally is the wider accessibility to a highly talented pool. Basically, getting a grip on the blockchain needs strong foundational knowledge of mathematical concepts.

Indian blockchain developers are well versed with solidity, Ethereum, hyperledger etc. Of Course the tech-savvy updates and knowledge of algorithms, Java, Python and C++ are probably criteria that one can’t ignore. The research and stats confirm that India is the second leading nation for the talented ecosystem of skilled Blockchain developers. 

Let’s just accept the fact. While a lot of countries are harnessing the power of blockchain. India is leading the domain with the most efficient blockchain development services in the world. With an ever-growing active Blockchain developer base. 

Choose Experienced Blockchain Development Company

Now we must have been familiar with a multitude of reasons justifying why India is a top-notch choice for Outsourcing your blockchain projects. The reason is not merely restricted to the time zone wins and Language barrier. It stems back into the concrete roots of a technically sound knowledge -base that makes them an optimal choice.

Furthermore, blockchain development outsourcing offers an array of added advantages. But, this doesn’t mean you sign up for any random blockchain agency that aligns with your budget.

To choose a reliable partner, you need to get your priorities straight. Get clear on your project objectives and evaluate the performance and skill of your blockchain development solutions. After defining your purpose and financial considerations, choose an experienced blockchain development company.  To facilitate better decision making you can take the following factors into account:-

• Secure and transparent solution 

• Wide expertise of several business domains 

• Tech savvy team 

• On-time Deliveries 

Bottom line! 

Outsourcing blockchain development to India is like a perfect amalgamation. In the initial phase, it optimizes your Budget considerations without compromising on the quality. Hence, partnering with a reliable choice can turn out to be quite a game changer.

The key is to strategically incorporate crucial parameters like security, scalability and decentralization in your blockchain development solutions. However, carefully evaluate core factors for your business for an effective implementation. Hiring the right professionals and a reputable blockchain development agency has the potential to boost the success ratio of your project. Embark on your blockchain journey by taking advantage of talented resources and expertise.