Hire Blockchain Developers In 2023

Over the last few years, many organizations have seen the potential of blockchain technology. Here we should mention finance, supply chain, healthcare, and retail verticals as the main beneficiaries. However, companies from other industries are not far behind and eagerly hire blockchain developers to implement this new technology.

As a reliable blockchain development company, OpenGeeksLab acknowledges the importance of digital innovation. Previously, we have already written a complete guide on blockchain development and its impact on businesses.

Today we will move forward and discuss how businesses can find and hire skilled professionals to build decentralized apps and other technical solutions. We will define their roles, responsibilities, and required blockchain developer skills. Also, we will discuss the key factors to consider before hiring professional blockchain engineers and the perfect blockchain development team’s composition. Let’s jump right in and start exploring!

Demand for Blockchain Developers

Blockchain has been a hot topic for the last few years. With the technology adoption gaining momentum across the globe, the demand for skilled engineers has never been higher.

• The global blockchain market size is predicted to reach $99.37 billion in 2027.
• The total crypto market capitalization reached $2 trillion in May 2021.
• The total number of NFT transactions has grown from $1.5 million in 2019 to $22.4 million in 2022.
• Since 2019, the number of unicorn crypto companies has risen by 491%.

• The total crypto market capitalization reached $2 trillion in May 2021.
• As of February 2022, there were over 10,000 digital currencies.
• In 2021, blockchain startups received the biggest investment from venture capitalists, which was $33,8 billion.

Source: Centre for Finance, Technology and Entrepreneurship

The rising interest in this technology has become a great source of career opportunities. Here we should mention IBM, Deloitte, Cisco, Accenture, and Collins aerospace as the biggest employers that hire blockchain developers.

When it comes to specific job roles in the field, the most important position is a full-stack developer, closely followed by security, back-end, and data engineer. At the same time, a business development manager, solutions architect, full-stack engineer, and security engineer are considered the most difficult job roles to recruit.

Source: Centre for Finance, Technology and Entrepreneurship

To sum up, the future of distributed ledger technology (DLT) looks very promising. Over the last few years, it has proven its effectiveness in building secure, efficient, and transparent end-to-end solutions. So it is the perfect moment for businesses to take the opportunity and strengthen their development team with skilled blockchain engineers.

Roles and Responsibilities of Blockchain Developers

Owing to their vast technical experience, blockchain coders can have different roles and responsibilities. Let’s take a closer look at the most popular ones:

Blockchain Developers

When you are going to find blockchain developers, you should focus your attention on two categories of developers: core blockchain developers and blockchain software developers. The first group of developers builds and optimizes blockchain protocols, handles third-party integrations, and manages network security.

At the same time, the latter builds applications for platforms, implements software functionality, and maintains its architecture.

Source: Central blockchain council of America

Blockchain Architects

These technical experts design, implement, connect, and support different parts of technical solutions. They also research some critical issues when building high-performance platforms and offer the most adequate solutions to address them.

Blockchain Administrators

These specialists handle the solution infrastructure. They monitor the performance of implemented services and applications and can efficiently use the capabilities of different development teams.

Blockchain Security Managers

They are responsible for building and maintaining efficient security strategies, creating secure frameworks, and setting up and maintaining processes and systems.

When choosing candidates for a specific job position, take into account their skills and experience in a particular field. This way, blockchain coders will be able to make the best use of their skills, knowledge, and qualifications.

What to Look For in a Blockchain Engineer

When wondering how to hire blockchain developers, you need to understand what skills and qualities to look for in a candidate to ensure they have the necessary expertise to develop and maintain a secure and efficient software system. To help you hire cryptocurrency developers to reinforce your team, here are several key factors to consider during the hiring process.

• Technical skills. Go for candidates who have a deep understanding of blockchain technology, including experience with popular platforms such as Ethereum, Hyperledger, and Bitcoin.
• Relevant experience. A blockchain app development partner should have practical experience in building decentralized applications, smart contracts, and various blockchain-powered solutions.
• Problem-solving skills. Blockchain development often requires creative problem-solving and an ability to think outside the box. Given that, hire blockchain programmers with a proven track record of finding solutions to complex challenges.
• Collaboration skills. Blockchain app development is a collaborative process that often involves working with teams of developers, designers, and stakeholders. So strong communication and collaboration skills are required.
• Adaptability. The landscape is rapidly changing, so blockchain developers for hire should be adaptable and willing to continuously learn and evolve with the technology.
• Understanding of security. Security is a critical aspect of blockchain development, so it is important to hire blockchain experts who have a solid understanding of security best practices and experience implementing security solutions.
• Niche expertise. It is crucial for a trusted blockchain development team to have vast experience in building solutions for a specific industry, be it healthcare, supply chain, or finance.
• Passion for blockchain. Finally, try to find blockchain developers who are passionate about blockchain technology and its potential to disrupt traditional industries and solve real-world problems.

By keeping these important factors in mind, you can hire blockchain developers who can help your business succeed in the world of decentralized technology. Now that you know what blockchain developer skills to look for, let’s explore some of the ways their expertise can benefit your business and transform your industry.

What Could a Blockchain Developer Create for Business?

Blockchain technology is a new, revolutionary way of managing and recording transactions. Owing to its extensive capabilities, it is widely used in the business world, and there is no limit to what a reliable blockchain development team can create. Here are some of the options:

• Decentralized identity management systems. Such solutions are developed to help organizations validate and manage the identities of their staff members, customers, and other end-users.
• Secure payment systems. With these blockchain applications, companies can receive payments from customers in a secure, decentralized manner. Secure payment systems can minimize the risks of fraud and reduce transaction costs.
• Supply chain management systems. Such systems track the movement of goods from the point of origin to the point of consumption.
• Digital asset management systems. Companies can hire DeFi developers to build technical solutions that allow businesses to securely store and manage their digital assets, such as digital currencies, tokens, and more.
• Decentralized marketplaces. These platforms allow buyers and sellers to interact directly, without the need for intermediaries. Advantages of these blockchain applications over traditional marketplaces include reduced fees and improved transparency.
• Decentralized HR management systems. They make it easier for companies to efficiently store their employees’ data and manage recruitment, hiring, onboarding, and training processes.
• Decentralized contract management systems. Companies can make the most of blockchain technology to create decentralized contract management systems where all contracts will be stored. This way, businesses can minimize the risks of contract disputes and ensure contract enforceability.
• Decentralized data management systems. By using the services of a trusted blockchain development team, businesses can get a decentralized data management system for storing and managing customer and other crucial information.
• Decentralized health record management systems. These software solutions enable healthcare practitioners to securely store and manage patients’ health records. Their implementation helps hospitals improve their efficiency and reduce the risk of medical errors.
• Decentralized energy trading platforms. Blockchain technology can be used to create decentralized energy trading platforms that enable buyers and sellers to trade energy directly, without intermediaries. This can help to increase the efficiency of the energy market and reduce the cost of energy transactions.
• Decentralized exchange. These peer-to-peer platforms allow two crypto traders to make transactions without banks, brokers, payment processors, or other intermediaries. Low commissions and flexible terms serve as the main reasons why these platforms are so popular these days.
• Decentralized music streaming apps. Such technology solutions provide musicians with multiple benefits, including complete control over their music, transparency of royalty distribution, boosted revenue, and removal of intermediaries.
• Crypto wallets. Businesses hire blockchain developers to build secure storage for their digital assets and allow them to receive and send Bitcoin, Ethereum, and other cryptocurrencies.
• Play-to-earn games. These are blockchain-based games where players can earn in-game NFT items and cryptocurrencies and then sell them to gain income. CryptoKitties, Axie Infinity, and The Sandbox, which have been transforming the gaming industry, offer players huge financial incentives.
• NFT marketplaces. They enable users to store and showcase digital artworks, in-game items, audio recordings, trading cards, and other non-fungible tokens. Additionally, they can sell these digital assets to other users for money or cryptocurrency.
• Blockchain bridges. They connect different networks and ensure seamless transfer of digital transfers from one blockchain to another. Bridges successfully solve interoperability issues.

Overall, today blockchain technology has many exciting application areas, and skilled blockchain developers can create innovative solutions that can help companies to increase efficiency, reduce costs, and improve security.

Top Platforms to Hire Blockchain Developers

Nowadays, we can find multiple platforms where companies can look for professional blockchain developers for hire. LinkedIn, Toptal, and Glassdoor are the most common job websites that come to our minds. At the same time, we should keep in mind Stack Overflow Talent, or Upstack that focuses solely on developers. Let’s take a closer look at some of them.

• LinkedIn. This well-known and trusted professional network allows companies to post their vacancies there and seek blockchain developers for hire. They can also view profiles of the most suitable candidates where their education, job experience, and qualifications are specified.
• Toptal. It is a remote freelance platform that connects companies with the most skilled experts in technical sectors. So it will not be that hard to hire a blockchain developer with the help of this website.
• Upwork. Upwork is a freelancing platform that allows companies to find and hire top-notch blockchain engineers from all over the world. Companies can find blockchain developers based on their skills, experience, and hourly rate.
• Wellfound (formerly AngelList Talent). Wellfound is a platform that allows companies to hire smart contract developers and other technical experts. Companies can search for developers based on their skills, experience, and location, and can also post job listings on the platform.
• CryptoJobList. A great variety of categories such as DeFi, Trading, or Anti Money Laundering make it easier for businesses to find and hire a blockchain developer to complete specific tasks or build specific products.
• Stack Overflow Talent. It is part of a popular Q&A website that allows the creation of a company profile to find blockchain developers here.
• Clutch. It is a rating and review platform that lists the most trusted software development, design, marketing, and advertising companies. Businesses can find blockchain developers there based on geographic location, services, budget, hourly rates, industry, or reviews.
• GoodFirms. This research and review platform helps businesses hire a blockchain developer by offering categorized catalogs, customer reviews, and helpful company content.

To sum up, today, we can find multiple online platforms that can help businesses hire a crypto developer or a crypto development team. The only question is the level of their knowledge and the quality of the services they provide. Luckily, they can be easily tested with the help of certain interview questions.

Interview Questions

To effectively assess the skills and qualifications of a potential blockchain app development partner, it’s important to ask targeted questions that delve into their understanding of this technology and its applications.

• Can you provide examples of successful projects you’ve completed for other clients using this technology?
• What platforms have you worked with, and what were your specific responsibilities on those projects?
• Can you walk us through your experience with implementing smart contracts and decentralized applications?
• How do you handle scalability and performance issues when building blockchain applications?
• What security measures do you consider when building a DLT solution?
• How do you handle scalability and performance issues when building blockchain applications?
• Have you worked with inter-blockchain communication (IBC)? Can you give an example of a project that involved IBC?
• Can you give examples of how you have integrated these technology solutions with existing systems, such as databases and APIs?
• Can you describe your approach to integrating decentralized software solutions with other third-party platforms and services?
• How do you approach the development of a DLT solution for a specific business need? Can you walk us through your process?
• What are some of the biggest challenges you’ve faced when developing DLT solutions for clients, and how did you overcome them?
• Can you explain your approach to project management and how you ensure deadlines are met?
• Can you explain your approach to scaling DLT solutions to meet the needs of a growing user base?
• How do you stay current with the latest advancements and developments in blockchain technology?
• Can you provide references from past clients who are happy with your software development services?

These questions can help you evaluate a blockchain developer’s skills and experience, as well as their understanding of the broader ecosystem and challenges associated with building decentralized solutions. As soon as you find blockchain developers that meet your specific requirements, it’s important to consider how to structure the team to maximize its effectiveness and efficiency.

Ideal Team Composition

We should note that the successful launch of a DLT-powered service takes time and efforts of many other specialists apart from blockchain developers, namely UX/UI designers, Quality Assurance engineers, DevOps engineers, and project managers.

The best way to ensure a company has all the necessary specialists is to hire a reliable dedicated development team. Its typical squad looks the following way:

Business Analysts

These specialists analyze project requirements and translate them into technical specifications. Also, business analysts define the basic product features and break these features into user stories, epics, and tasks for the development team.

Software Architect

A software architect defines the high-level structure of a future solution. Also, they set up technical standards regarding tools and platforms used and establish coding standards. Finally, they address potential constraints and bottlenecks.

Blockchain Developers

The primary task of blockchain developers is building decentralized apps and developing and monitoring smart contacts based on this technology. Furthermore, they work on network architecture that can be further used to centralize or decentralize the data.

Project Managers

Project managers coordinate the blockchain development team and monitor all processes to ensure timely product delivery. Also, they keep customers updated on the project’s progress and ensure that all parties involved are on the same page.

Quality Assurance Engineers

They perform different manual and automated tests to identify and report bugs or system glitches. Apart from that, these specialists ensure that the final product version meets all predefined quality standards.

UI/UX Designers

These professionals follow interactive and visual design principles to create unique, eye-catching, and user-friendly applications that provide users with a positive experience.

DevOps Engineers

They work closely with developers to deploy and maintain code changes. Also, they actively cooperate with the operations team to make sure that the whole customer’s infrastructure shows stable and smooth performance.

Hiring a team proficient in blockchain development services can be a strategic move for companies looking to roll out successful projects. With the combined efforts of experienced engineers and other specialists, such a team can provide the expertise and resources needed for a seamless and painless project launch and successful outcomes. As you embark on your software development journey, consider the benefits of working with a dedicated team for your project’s success.

Embrace the Power of Blockchain with OpenGeeksLab

We have provided valuable insights into the roles and responsibilities of blockchain developers and discussed what solutions they could build. You have learned the key factors to consider during the recruitment process and the main places to find blockchain developers that will add value to your organization. Now it is time to take action and hire blockchain app developers for your project. As an experienced, dedicated blockchain development company, we invite you to contact us to find out more about how we can support your business in understanding and implementing blockchain in 2023 and beyond.