Why Businesses Should Hire Engineers for Blockchain Application Development

BySara Suarez

In the era of digital transformation, Blockchain has evolved into one of the highly considered technologies. At present, be it a start-up or leading organization, all are adopting Blockchain and incorporating it within their existing system. Blockchain technology has now entered the domain of application development, which delivers greater transaction security and speed for users.

Many companies across the globe have started launching Blockchain applications for their users. It has been estimated that the global market for Blockchain development is expected to touch US$23 billion by the year 2024. Unlike other mobile app development technologies, Blockchain eliminates the possibilities of app inaccuracies, while allowing businesses to maintain a tamper-proof and reliable record of user transactions. However, organizations can’t implement Blockchain applications without qualified engineers who possess industry-specific skills to build applications and networks.

Importance of Blockchain App Developers

A Blockchain developer plays a crucial role in developing and deploying Blockchain applications. Before hiring a developer, businesses should assess the developer’s knowledge of the programming technologies, Blockchain architecture, integration of Blockchain modules into a unified system, testing application, and more. Since, Blockchain developers with the requisite skills can seamlessly design and organize Smart Contracts, Decentralized applications (DApps), and other Blockchain-based platforms. Besides, developers from the right Blockchain development firm help organizations to tap into a decentralized ecosystem effectively.

Let’s understand the key development knacks to look for in a Blockchain app developer below:

Programming Languages

Blockchain development often involves several programming languages, based on the platforms used for implementing the Blockchain environment. Some of the important programming languages that Blockchain developers should be aware of include C++, Java, JavaScript, and Python. Developers should also have a basic understanding of the OOPS (Object-Oriented Programming) concept and be well versed with a range of development frameworks and libraries.

Blockchain Architecture

Blockchain developers must have a complete awareness of how the technology functions and the architecture on which it’s established. It is important to understand the four types of Blockchain architecture public, private, hybrid, and consortium.

  • Public Architecture – refers to the network that anyone can contribute to and access the network. For instance, Bitcoin is one of the popular public Blockchain networks. Anyone can execute transactions or authenticate transactions within the network.
  • Private Architecture – is a centralized architecture owned by a particular group of companies with several security checks for participants.
  • Consortium Architecture – also known as permissioned Blockchain. This model is administered by a group of enterprises, rather than one person. Therefore, Consortium architecture delivers higher levels of security and more decentralization capabilities than private Blockchain.
  • Hybrid Architecture – is a combination of both public and private blockchain. This architecture can be governed by a single organization. For instance, XDC is a hybrid Blockchain project that was developed to enhance Smart Contract operations efficiency.

Businesses should determine the architecture before developing a Blockchain application. Besides, developers should be familiar with areas such as consensus, cryptography, distributed ledgers, Smart Contracts, and hash functions for understanding Blockchain’s internal mechanisms.

Cryptographic Methodologies

This approach is essential to be followed by developers to eliminate an external object from reading and learning content from transaction records. Simply put, Cryptography practice enables a secure Blockchain app infrastructure by guarding user information and communication. Developers should have a solid foundation in encryption, decryption practices, and concepts, including keys, wallets, and digital signatures. They should also be aware of implementing public-key cryptography for connecting blocks and safeguarding the authenticity of the information.

Knowledge of Smart Contracts

This is one of the most significant Blockchain concepts that Blockchain developers should be aware of. Smart Contracts are automated agreements that allow two participants to transfer services without the need for intermediaries. Blockchain developers should have a thorough knowledge of Smart Contract development. Organizations can hire the right Blockchain application development company to create accurate and immutable Smart Contract solutions which make the business infrastructure hassle-free.

Blockchain developers apply the programming languages like Solidity, Vyper, and Chaincode for developing Smart Contracts. Moreover, developers should validate the methods, verify the boundary value, and authenticate the conditional statements before implementing Smart Contract solutions.

Wrapping Up

Blockchain technology has transformed the business world at large. Its capacity to solve business complexities in a time-sensitive and cost-effective way is a great reason behind its extensive implementation and adoption. For those enterprises looking to develop Blockchain applications, it is significant to consider the above-listed factors and hire skilled Blockchain developers for seamless development.