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How Much Does it Cost to Hire Blockchain Developers in Dubai?

Blockchain has gained notoriety among Dubai businesses, that are getting connected with advanced technology to address the biggest challenges. Some of that technology magic appears to be influencing the prospects for careers for people employed in the sector.

Many indicators point to the rising demand to hire blockchain developers in Dubai. Reports from legitimate and reliable sources state that compared to last year, demand for employment related to blockchain grew by 300 percent. The demand for freelancers with “blockchain” assets increased by 3,500% this year compared to the previous year, according to Upwork, a freelancer marketplace. A sizable pay raise has also resulted from the soaring demand for jobs in the blockchain industry.

However, as we are all aware, blockchain technology isn’t everyone’s cup of tea; although there are a great number of blockchain developers to hire in Dubai, only a select few are qualified. Because of this, businesses are struggling to recognize and hire the skillful and proficient developers in Dubai that best suit their project requirements and scope. Additionally, business visionary continues to dig into the cost of developing blockchain applications. Additionally, they have a lot of imperative questions, including:

How to find and hire an expert blockchain developer in Dubai?

What to choose: In-house or freelance blockchain developer?

What platform is the most effective for hiring renowned blockchain developers in Dubai?

What is the cost to hire a blockchain developer in Dubai?

Well, these are only a few sets of questions that businesses hit up but there are many other such questions they bring to a blockchain development company. If you’re one of them, then go through this entire blog that answers all your necessary quires associated with the cost to hire blockchain developers in Dubai.

What is BlockChain Development?

Building, maintaining, and designing blockchain applications and systems are defined as blockchain development. Overall, it seeks to solve problems and create opportunities by utilizing the unique features of blockchain technology.

The smart contract is an example of innovative blockchain development. Smart contracts, like traditional contracts, are written agreements between two parties. These are like ordinary contracts, where programs are stored on a blockchain. These programs are activated only when both parties agree to the terms and conditions. The automated compliance ensures that a contract is correctly executed in real-time

The analogy of smart contracts to parking meters is an excellent way to grasp their utility. You enter the correct payment and receive the parking validation. Because the agreement is fixed, there is no need for third-party involvement, such as a cashier.

Blockchain Technology Market Size and Growth

The Blockchain Market was valued at $4.9 billion in 2021 and is expected to grow to $67.4 billion by 2026, with a compound annual growth rate (CAGR) of 68.4 percent over the forecast period. Increasing venture capital funding and investment in blockchain technology, extensive use of blockchain solutions in banking and cyber security, high adoption of blockchain solutions for payment, smart contracts, and digital identities, and rising government initiatives are the major driving factors contributing to the high growth rate of the Blockchain Market.

The revenue generated by blockchain technology will nearly triple by 2025, reaching $39 billion. Globally, there are approximately 83 million Blockchain wallet users. According to experts, the Blockchain market was worth $1.57 billion in 2018, and it is expected to grow to $163 billion by 2027.

We hope that after reviewing the current market statistics, you understand the significance of Blockchain development services in today’s world. It has also increased the demand for Blockchain developers.

Role and Skills You Need To Consider While Hiring a Blockchain Developer 

When you aim to hire a blockchain developer in Dubai, you need to understand their roles and responsibilities. They must be responsible for creating blockchain-based application features and interfaces. They also are in charge of designing and developing a system that will prevent any changes made by intruders. The primary goal there will be to design, implement, and manage a secure blockchain network. They should be well-versed in various blockchain technologies. 

Responsibilities
  • Identifying the need for blockchain and its roles within the organization.
  • Blockchain system design, development, and testing
  • Creating application functionality with a variety of coding languages.
  • Writing modular and efficient code
  • Putting in place security measures to combat various types of cybercrime.
  • Cryptography techniques are used to protect against hackers and other cyber attacks.
  • Upkeep of client and server-side applications.
  • Using new technologies to secure the blockchain network.
  • Informing team members about blockchain technology.
  • Documentation on the blockchain development processes is being prepared.
  • Attending meetings, brainstorming sessions, and daily standups to improve your understanding of new technologies.
  • Adherence to all data protection rules and regulations for digital payments.
  • Keeping up with the latest crypto technologies for data security.
Requirements 
  • A bachelor’s degree in security, computer science, or a closely related field is required.
  • Worked as a Blockchain Developer or in a similar role in the IT department.
  • Exhibit exceptional coding skills in languages such as C++, Python, and others.
  • Working knowledge of various types of cryptography for data security.
  • Understanding of bitcoin blockchain technology.
  • Excellent written and verbal communication skills.
  • Excellent knowledge of data structures and algorithms.
  • Amazing analytical abilities.
  • Understanding of various cybersecurity policies and protocols.
  • Strong comprehension and knowledge of various types of cyberattacks.
  • Extraordinary ability to efficiently solve complex problems.
  • Capability to work in a team or individually as needed.
  • Capability to manage and handle a variety of tasks.
  • Excellent problem-solving abilities.
  • A keen sense of detail.
  • Excellent time management skills.

How to Hire a Blockchain Developer in Dubai cost-effectively?

Do you need to hire a blockchain developer in Dubai too at Budget friendly price? Not sure where to begin? Here is a step-by-step guide to assist you in hiring dedicated developers or professionals from a reputable blockchain development company. So let’s get started.

#Step 1 – Build your Blockchain Business Strategy

Determine a suitable business strategy before looking for blockchain developers. In general, there are two types of blockchain app development strategies available: building your own blockchain app or building soft applications on top of an existing one.

If you want to develop your blockchain technology, look for a top blockchain development company in Dubai with experts who are both creative and technical. 

The expert must be a technology enthusiast with prior experience developing crypto technologies and deploying blockchain applications. If you choose the second option, however, you will need to hire a Java blockchain developer.

#Step 2- Choose a suitable option to hire a blockchain developer 

For a business project, various organizations have varying budgets. Right? Because your choice of hiring a blockchain developer in Dubai will affect the cost of developing a blockchain application, doing so is advised. To get help from a reputable blockchain development company or to outsource your project, learn about their recruiting practices. Three different hiring models are available:

  • Hire Full-time developers
  • Hire part-time developers
  • Hire developers hourly

#Step 3: Blockchain developers need to have the imperative abilities

Numerous programming languages are popular in the blockchain sector. As a result, be sure that anybody you choose to work with on your blockchain project has a solid basis in the fundamental competencies necessary for developing top-notch blockchain applications. In the creation of apps, each programming language has a distinct function.

So, before hiring a blockchain developer in Dubai from a reputable blockchain development company, make sure they are proficient in the following programming languages.

  • C++
  • Java
  • JavaScript
  • Python
  • Ruby
  • JS
  • Pearl
  • Solidity

#Step 4 – Monitor the developer’s existing projects.

Also verifying technical skills and expertise, there is another excellent way to ensure your decision. What do you mean? You can look at the blockchain developer’s existing projects. It will give you an idea of everything, from the developer’s technical skills to his or her creativity, time management, work quality, and so on.

You can also contact their clients to learn more about their work process and to provide feedback on the developer. All of this will help you find the best blockchain developer for your project while staying within your budget.

#Step 5: Assess the developer’s knowledge of encryption and security

A key component of blockchain technology is cryptocurrency. Therefore, to create safe business applications, make sure blockchain developers have a deeper understanding of cryptography. The developers must be knowledgeable about TSL (Transport Layer Security) and SSL (Secure Sockets Layer) and understand how to incorporate security features.

In the long run, checking these two aspects will help you avoid incurring additional charges in the future when hiring a blockchain developer.

Also Read – How much does it cost to hire iOS Developers in Mumbai

Disclosing the Cost to Hire a Blockchain developer in Dubai

Real estate, media, manufacturing, tourism, healthcare, and cyber security are just a few of the industries that have adopted blockchain as a necessary component today. The cost to hire a blockchain developer in Dubai ranges between $5000 and $300,000 depending on the project requirements. Basically, a Blockchain developer in dubai charges $70-$100/hr on average

There is no set cost for developing blockchain apps.

Besides that, the cost depends on the kind of service you need. 

Developer experienceIn-houseFreelanceragency
Fresher’s$400,000$200000+  $1,00,000+
Experts$1000,000$45,000+$2,00,000+

What factors influences the blockchain development cost in Dubai?

Complexity of App

The complexity of a blockchain application is determined by several factors, including the platform used, tech stacks, APIs, UX/UI, consensus mechanism, MVP, and others. The more complex your business application, the longer it will take to develop and the higher the cost.

Blockchain App Type

Today, all organizations must have a digital solution to increase productivity and growth. However, different types of blockchain applications are available to serve various business purposes, and each has a different cost. As a result, the cost of developing a blockchain project will vary depending on the application you intend to create.

Industry Application

Have you ever considered how the industry in which you choose to continue your business and develop a business application will affect the cost? Because very few businessmen are aware of this fact, they do not prioritize it. So, avoid making this mistake by conducting extensive research on the industry before developing a blockchain application. However, we have included a table below to assist you.

Industry typeCost to Develop
Healthcare$40-$100k+
Finance sector$45-$100K+
Education$40-$90K+
Social Media$50-$100K+
Public sector$65-$100K

Development Process

The cost of blockchain is determined by various stages of mobile app development, such as –Requirements gathering

  • Design
  • Development
  • Deployment
  • Migration
  • Maintenance
  • Upgrade
  • Third-party tools

Conclusion

Hiring a skilled full blockchain app developer in Dubai on the first try isn’t easy, but we hope you’ll be able to do your job properly now. With all of the necessary information in hand, it should be simple to find an affordable blockchain developer.

Consider all of the above factors when searching for a reputable mobile app development company or a specific blockchain development company. When entrusting your project to experts, don’t forget the factor in the cost of app maintenance.

Frequently asked questions

What Are the Advantages of Blockchain Technology for Businesses?

Blockchain app development benefits businesses in unexpected ways. Businesses that choose blockchain development can enjoy the following advantages:

  • Increased business transparency
  • increased efficiency and speed
  • increased system security
  • Instant work traceability
  • Business process automation

How Much Does it Cost to Hire a Blockchain Developer in Dubai?

Hiring a blockchain developer does not have a set cost because it is determined by a variety of factors. Still, the average hourly rate would be between $40 and $59. The type of project you develop will also influence the cost of blockchain development. So, first, share your blockchain app development requirements with the experts, and they will give you an exact cost.

What Technologies Are Used in Blockchain?

None of the mobile applications will be successful unless the most recent technology stacks are used. So, the top blockchain development tools for businesses to use in 2022 are –

  • Geth
  • Mist
  • Remix
  • Metamask
  • Truffle