5 Tips to Select the Right Blockchain Development Partner

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5 Tips to Select the Right Blockchain Development
Partner
Blockchain has connective intelligence that
weaves the entire world without an intermediate
fabric. We have seen blockchains meteoric rise
from bitcoin enabler to a purveyor of trust.
This highly promising technology has captured the
attention of many innovative startups and legacy
organizations. Both global market leaders and
new startups leave no stone unturned to implement
blockchain-powered solutions. However, many
organizations lack the ability to do so. Lets
say, you have a blockchain project in mind. You
have outlined the complete product roadmap for
development. However, moving into development can
be challenging on various levels. As an early
adopter, you may find some hurdles in
implementing blockchain solutions. Perhaps your
tech-team lacks the subject matter experience or,
they may lack the bandwidth or internal
resources to build it. Whatever the reason, many
enterprises are forging partnerships with
technology-focused companies for blockchain
solution and services. One reason, of course, is
blockchains growing popularity.
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• They are competing for professional blockchain
  development service providers. Finding the right
  blockchain development partner can be costly,
  time -consuming and frustrating. After all, it
  is difficult to evaluate the relative merits of
  various blockchain development companies. The
  stakes are high, and one wrong choice can quickly
  derail your project.
• It is essential to find the right people with
  precise skill -sets that matches your
  organization needs and meets your blockchain
  project objectives.
• The company you partner with must demonstrate
  solid competency in most technical languages
  such as Java, C, Solidity, Python, and
  Hyperledger Fabric. They must have the ability
  to create minimum viable blockchains, smart
  contracts, or related products.
• Lack of expertise in any one of these can affect
  the functionality or security of your product.
• To begin, here are some quick tips that can help
  you decide what a great blockchain development
  partner would be like
• Technical Skills and Experience
• It is crucial to validate technical skills and
  experience of a blockchain development company.
  Here's what you should consider
• Check their experiences in developing blockchain
  projects
• Ask about their coding standards and good
  practices
• Assess the technical expertise and skills of
  blockchain architects of the company
• Review similar work that they've done for other
  customers
• Software development projects are complex. Things
  are likely to get even more complicated with
  blockchain technology. Thats why its important
  to pick a firm having a proven track record of
  developing blockchain products.

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• methodology, your partner should also use the
  same methodology. This brings agility to quickly
  pivot if things dont go according to plan.
• Hire someone who can work at breakneck speeds and
  on a schedule, so you dont suffer from missed
  deadlines, frustrations and unpleasantness.
• Availability and Commitment
• It is very rare that your product development
  roadmap and the expected development time will
  be 100 aligned.
• Projects often veer off because of unforeseen
  technical problems, functional dependency, or
  the lack of coordination among cross-functional
  teams. Before you hire anyone, ensure that they
  understand your product requirements clearly and
  must adapt to the solution they develop.
• Get a clear idea on the key areas of development
  like
• Ask about their project management methodologies
• Talk about how they will handle changes and
  enhancements
• Discuss about their approach on the crises that
  may occur
• Confer about support and maintenance they provide
  post product launch
• Finally, if you dont want to be left scrambling
  after the product goes live, hire someone that
  you can retain for bug fixes, regular maintenance
  and upgrades.
• Dedicated Support Services

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• Mainly, there are two types of pricing model
• Variable Rate Pricing Model
• Fixed Rate Pricing Model
• You can opt for variable pricing model, if you
  need additional or customized services. However,
  if you are tight on your budget, then the fixed
  price model might be the best choice for you.
  With this model, you pay a fixed price for your
  product development. The 'Fixed Price Model'
  also called the 'Agile Fixed Price Model' allows
  more flexibility during development. This is
  because the developer utilizes the agile
  development methodology, which inherently allows
  for changes along product development.
• Dedicated Team
• If your project demands an ongoing availability
  of developers, or if you have multiple projects,
  this may be the most suitable model for you.
  Under the Dedicated Team model, the development
  company assigns a dedicated team that works
  solely on the unique requirements of your
  project.
• The advantages of this model are
• Extension to your existing inhouse IT or
  development team
• Flexible interaction during changes of
  requirements
• Fast-Paced Development Cycle
• On a closing note, it is very important to ensure
  that the vision of partnering companies is
  aligned. It is crucial to seek a company that
  understa nds your needs and relentlessly pursues
  the achievement of your objectives. If you are on
  the lookout for professionals with real, proven
  experience in blockchain products development,
  call us on 1-609-245- 0971 or email us on
  inquiry_at_cygnetinfotech.com.