How much does Blockchain App Development Cost In India
Blockchain is a digital ledger in which transactions made in Bitcoin or another cryptocurrency are recorded chronologically and publicly. It is an innovation that allows decentralized, fast and secure transactions that was not possible before. The news about cryptocurrency has gone viral and you can hear them all over the media. It has got tremendous potential which will take the world to new horizons. According to statista reports blockchain technology market will grow from $375 billion in 2017 to $2312.5 billion by 2021.
Blockchain development is growing at faster rate than the IT-market anticipated. Various financial sector companies understand that they need to implement this innovative technology before their competitors do. It needs tremendous expertise in order to implement blockchain technology. Very often you can found out that companies are not able to implement due to lack of specific skills and resources which are needed to make an app based on blockchain technology. It is always difficult to find a local blockchain development company. That’s why turning to outsource such work will be a great beneficial for all stake holders and one can continue working on high priority tasks while they do their job.
India is one of the most popular outsourcing destination in Asia, it has one of the most skilled and talented developers. Outsourcing your projects to Indian companies is a cost effective preposition as well. Cryptocurrency market receives lot of attention in India and elsewhere in the world. India has eagerly taken blockchain trend eagerly and developers across the country conduct various researches on development of blockchain in different spheres of economy.
There is big question on cryptocurrency whether it has legal or authorized status or not. There are many countries who has not abopted legal status on cryptocurrency so far. Although majority of the countries chooses to remain neutral in regards to it but some countries has even prohibited cryptocurrency.
Now let’s checkout cost components of Bitcoin wallet app based on blockchain technology. Before directly diving into the cost factor one needs to answer few main questions:
What features will your app have?
Remember that each small feature adds a few thousand dollars to the total price of your app. However, the number of features also influences the level of service your clients get.
What kinds of apps do you need?