Blockchain has revolutionized the way businesses conduct transactions and share data. It can potentially increase efficiency, security, and transparency in various industries, ranging from finance to supply chain management. However, projects need to work with blockchain infrastructure companies to fully leverage the technological benefits instead of hiring a separate Web3 department that can deal with nodes and related tasks.
In this article, we’ll highlight the reasons to hire a blockchain infrastructure company for your project and what you must consider while doing it.
Reasons to hire Web3 or blockchain infrastructure experts
- Businesses can collaborate with Web3 teams to design and implement custom ledger-based solutions that cater to their needs. This involves creating smart contracts, developing Web3 applications, and integrating existing systems with ledger technology. Why? To conduct the typical procedures faster, confidentially, in a decentralized manner, and with full automation.
- Companies can partner with web3 services providers to build and manage decentralized networks—more resilient, secure, and transparent than centralized networks, enabling businesses to share data and assets without intermediaries.
- Businesses can invest in cooperation with node networks’ specialists to support the growth and development of the different blockchains if they are, for example, crypto projects. This includes providing funding, resources, and expertise to develop and support different networks’ ecosystems that might interest the business.
The collaboration between Web3 infrastructure companies and their clients is crucial for successfully adopting blockchain technology for multiple industries, spreading Web3 into new fields of application.
Factors to consider while selecting a blockchain infrastructure provider
Experience and reputation
When it comes to choosing a blockchain infrastructure provider, it’s essential to look for one with a proven track record. Look for teams that have worked on projects similar to yours and have a good reputation in the industry. This will give you confidence that they have the knowledge and expertise to deliver a successful project. Contact them to build your first impression. Anyway, you will work with people, not technologies, so matching here is vital.
Services offered
Not all blockchain infrastructure teams offer the same services. Some specialize in building private blockchain networks, while others create decentralized applications or offer special tools or APIs for certain node-related operations. Ensure the chosen company has services that align with your project goals.
Even if you have no idea if this or that service is needed, look for a company that communicates with the audience in plain and simple terms, explaining broadly what they are doing for the client. Educating while searching for a node-related services provider is always a good idea.
Technology stack
Different blockchain infrastructure service providers use a wide variety of Web3 technologies. Choose a company that can hand-pick the tools best suited for your project. The ready-made packs of solutions can work well too, but then you have to know for sure what you’ll get in the end. For example, if you’re looking to build a public blockchain network, you may want to look for a company that uses Ethereum, as it’s currently the most widely used public blockchain. But find more sophisticated service providers if you need to solve a specific problem, like isolating a validator node.
Security
Blockchain technology is known for its security features, but that doesn’t mean all blockchain infrastructure companies are equally secure. Look for a team with a strong security-providing reputation with proven cases and a company that applies the best practices to protect against hacking and other security threats.
Price
The cost of Web3 infrastructure services can vary widely, depending on the company and the project’s scope. Make sure to get quotes from several companies and compare their pricing to ensure you’re getting a fair deal.
Choosing the Right Company
Choosing the right blockchain infrastructure company can be daunting, but you can make an informed decision by considering the abovementioned factors and researching. Make sure to choose a company with experience in your industry and services that align with your project goals. Don’t be afraid to ask for references and case studies to better understand their capabilities.
With the right company by your side, you can implement Web3 technologies into your operations and take advantage of its many benefits.
