Blockchain technology is rapidly revolutionizing many industries, increasing demand to hire blockchain developer with proven experience. But where can you find the talent to bring your revolutionary blockchain-related ideas to fruition? Whether your endeavor involves distributed applications (dApps) or simply wishing to utilize this new technology within an established organization's business practices - finding the ideal blockchain developer will ensure its success and is therefore essential.

In this blog, we will outline the most efficient methods of hiring blockchain developers in 2024 and the associated benefits so that you can make an informed decision.

Read About: Where to Find Blockchain Developers? Blockchain Hiring Guide 2024

What Do Blockchain Developers Do?

Before embarking on your hiring journey, you must understand the core capabilities of a blockchain developer. They should possess solid knowledge in cryptography, blockchain technology, and distributed ledger systems and be adept at designing and developing secure blockchain applications for their company or clientele.

Smart Contract Development: These experts create and verify smart contracts, which self-execute code to regulate interactions among blockchain networks. Blockchain Application Development: They use blockchain technology to develop decentralized apps (dApps) for their clients.

Protocol Development: Certain blockchain developers specialize in or assist with developing blockchain protocols - the rules that regulate an individual blockchain network - for optimal functioning.

Security Audits: Blockchain developers play an integral part in assuring the security of blockchain-based apps and smart contracts by identifying weaknesses.

Skills Required: Skills required of a blockchain developer vary based on the nature of each project and platform selected for blockchain development (e.g., Ethereum, Hyperledger Fabric, or Solana), though employers typically seek some core competencies:

Programming Languages: Solidity (for Ethereum development), Java (for Hyperledger Fabric), Python (for various Blockchain platforms), and Golang are among the many software programming languages currently in use.

Blockchain Fundamentals: Gaining an in-depth knowledge of blockchain concepts such as consensus mechanisms, decentralization, cryptography, and hashing functions.

Distributed Systems Knowledge: Understand fundamental principles associated with distributed systems.

Security Best Practices: Developing secure blockchain applications and smart contracts requires a firm grasp of best security practices.

Key Factors to Keep in Mind When Hiring a Blockchain Developer

When hiring blockchain developers, consider key aspects when choosing the ideal experts for your venture. Make sure these elements are considered holistically so you can make informed choices during the selection process.

Technical Experience

Investigate their expertise in blockchain technologies such as Ethereum, Hyperledger, or others pertinent to your business. Find out if they possess programming languages like Java, JavaScript, and Solidity and expertise in IT services, software development cryptography, and digital signatures.

Experience and Track Record

Look through their portfolio and past projects to assess their expertise in developing successful blockchain solutions. Consider their contribution to the Blockchain community and involvement in open-source projects or any relevant certificates. This method can help you find the most competent individuals to join an influential blockchain-related development group.

Understanding of Security

Blockchain security is crucial. Ensure that developers know cryptography principles, safe programming practices, and techniques to avoid vulnerabilities and attacks specific to blockchain systems. Analyzing these elements will help hire blockchain developer who value secure blockchain technology.

Adaptability and Problem-Solving Skills

Blockchain technology is rapidly evolving. You should look for flexible developers who are willing to learn and have a flair for solving problems. These developers' ability to tackle new issues in the field of blockchain is vital. Finding people who are self-motivated, active, and willing to continue learning is essential.

Collaboration and Communication

Collaboration and communication are key to the success of any project. Hire Blockchain Developers that cooperate with software engineers to integrate blockchain technologies seamlessly into their applications while also ensuring security, functionality, and effectiveness.

Cultural Fit and Passion

Examine whether the developer fits the company's culture and is enthusiastic about blockchain technology. Passion can often translate into innovation and dedication, ultimately ensuring the success of your venture.

Must Read: Tips and Tricks to Hire Blockchain Developers in 2024

Where to Find Blockchain Developers?

The issue of "Where to hire blockchain developers?" concerns every hiring manager. This is a comprehensive list of options you could look into when looking for the most qualified talent to join your team.

Blockchain Job Sites

Many job search websites are available today, and this could seem a little obvious. We've researched for you to find the most effective websites to connect to skilled blockchain developers:

Google is the primary source of every user's digital world.
Clutch is a website that provides a manageable list of companies that offer development outsourcing, including blockchain experts.
Goodfirms is another source of outsourcing services for development.
Upwork is a well-known platform for remote staff recruiting. Employers appreciate this platform because they can publish an extensive job advertisement and receive multiple responses in a short time. However, the site does not allow job interviews, so you must conduct these independently to assess the applicants' capabilities and check their resumes.

Other good platforms to think about include:

Peopleperhour
Linkedin
Indeed
Angel. co
Cryptocurrency jobs
Cryptojobslist
Web3 Career
Remote three and the like.

Pros

Access to the world talent pool
The ability to tailor the job search to fit your budget and type of project

Cons

Time-consuming method
You need to have a thorough understanding of your skills and resume reviews.

Recruiting Agencies

You can utilize a recruitment agency's services if you need more time to hire a blockchain programmer or have an HR department. They typically have a vast database of resumes and can quickly find the required employees for your company.

Pros

Quick turnaround
Professional look for candidates that meet your requirements

Cons

Additional fees are charged for the recruiting agency's services

Outsourcing Companies

Some companies choose to delegate the development portion of the project outsourcing service. This is an affordable and flexible option since it only requires you to hire blockchain developer and trust their project.

Pros

Ability to outsource the whole project to a service
Flexible terms and costs based on the location of the business and size

Cons

Time difference
Communication issues
Insufficient control throughout the project

Freelancers

Working with freelancers remains an option, particularly if you don't have the right talent to fill your team in-house or aren't able to do much. Many experienced blockchain developers prefer working independently, avoiding bureaucratic red tape, and staying free in their routines and lives. However, they can perform a great job on your project and usually are less expensive than an agency for development.

Pros

Ability to pick specialists that have specific technology stacks
The rates of development are not as high as agencies

Cons

Inability to control
Communication challenges for remote teams

Employ In-House Blockchain Developers

You can employ any search options mentioned earlier to find internal Blockchain Developers to join the team. The only difference is that you must locate a developer within your area; otherwise, you must put in additional money, time, and effort to facilitate the applicant's relocation.

Pros

Internal staff members integrate more quickly into the team
Continuous availability and commitment to developers
NDA safeguards sensitive data

Cons

The overhead for hiring is high.
It is necessary to fund the candidate's move.

Outside Team of Developers

Another option is to have a dedicated team that may work from outside the area but remains committed to the work. The dedicated teams can work together, eliminating the time and communication obstacles.

Pros

You have a pre-built team, complete with the latest technology stack, that is focused on your project
There are no tax, legal, or social package expenses

Cons

The development team could have time conflicts or communication issues with the internal team.
The cost of team maintenance is greater because of the fee charged by the provider.
Connect with the top-rated web 3.0 professionals for DeFi, dApp, NFT, and GreenFi.

Schools

Many top universities and schools are turning to blockchain development, as most students studying in the technology departments want to be blockchain engineers and make a lot of money, particularly as the demand for blockchain development grows.

This is a great place for startups and large companies to locate their following employees. Corporate companies can approach the school and ask for sponsorship of the most talented student so that they'll get the perfect young mind that will concentrate on their goals after they complete their studies.

For entrepreneurs, schools are the ideal location to find a similar genius who can become part of the growing team and gain experiences, knowledge, and real-world interactions based on the information gained from the school. Here are the best classes for cryptocurrency to start:

Harvard's Introduction to Blockchain and Bitcoin
Princeton's Bitcoin and Cryptocurrency Technologies
IT University of Copenhagen's Blockchain
The University of London's online courses
Berkley's Blockchain Research

Pros

You could invest in a skilled coder in the early stages and book the talent for your company.
It's an effective way to build up relevant knowledge for the entire team.

Cons

The process can be extended.
It's pretty expensive.

Conferences

Although due to COVID-19, conferences were required to change to a digital format, they still take place. Also, many interested, forward-thinking, and famous cryptocurrency developer are present at these conferences. You can, therefore, search for future events and interact with the participants.

In-person hiring will be much smoother and more straightforward, and even by communicating online, you can get the best developer for your startup or project. Here are some forthcoming events to consider:

Wow Summit (Nov. 4-7, 2022) in Lisbon, Portugal
Blockchain Economy Conference (Nov. 9-10, 2022) in London, UK
Crosstech World (Nov. 15-17) in Miami, FL
Blockchain Summit (Nov. 22-24) on the internet

You can also look up the most up-to-date schedule for upcoming events in the crypto world here.

Pros

It's much easier to connect emotionally with someone during in-person meetings.
Access to relevant talents that are collected in one location.

Cons

It's only possible to attend some conferences across the world.
They are costly and lengthy, so they're inappropriate for short-term, small-scale project recruiting.

Github

GitHub is an open-source code repository that lets coders save their projects and perform upgrades and troubleshooting. This is why GitHub is the best source to find coders, as it allows you to see each candidate's actual projects and code logic. It also lets you see the projects they participate in and get a picture of their experiences and interests in blockchain.

Pros

The ability to locate suitable talent quickly
Coders' work samples in open-access

Cons

Only those with a technical background can analyze GitHub information

Blockchain Development Tools

Blockchain developers must also be aware of the following tools for development:

Blockchain Explorer: The program can look up transactions added to the blockchain, verify the status of pending transactions in an account, and verify block information.

Caliper: Measures the efficiency of blockchain networks. It can measure the rate of new blocks being added. It also assists in checking the status of port connections, node synchronization status, and much more.

Composer: It's an instrument used to develop and manage blockchain-related applications. It has features like Smart Contract development, unit testing, and package management.

Etherscan: The website allows you to look at the blockchain, search for transactions, and verify balances of addresses.

Geth: This software can run complete nodes in the Ethereum network. It acts as an archive of blockchain data and initiates new transactions using smart contracts or transfers ether between accounts.

MetaMask: The MetaMask browser add-on enables users to run Ethereum applications within their browser. It functions as a virtual wallet that lets users keep and send ether and tokens.

Mist: Mist is a computer Ethereum wallet that lets you store, transmit, and receive cryptocurrency. It also has an integrated browser that lets you browse and create decentralized applications.

Remix IDE: Remix IDE is an application development environment suitable for writing, testing, and deploying smart contracts.

Solidity: The Solidity programming language is used to create smart contracts for Ethereum. Ethereum network.

Solo: Solo is a command line tool that lets you use the command line to run Ethereum nodes.

Testnets: Testnets let you test your blockchain apps without using real tokens or ether.

Truffle: Truffle is an Ethereum development framework with features such as contract compilation, testing, and deployment.

Ganache: Ganache is a personal blockchain used for Ethereum. It's used to set up and maintain test accounts, implement smart contracts, conduct automated tests, and more.

Drizzle: The Drizzle library is a Python library to create Ethereum applications.

Also Read: Tips on How to Become a Blockchain Developers

Cost of Hiring a Blockchain Developer

Blockchain technology has attracted an abundance of interest and acceptance from various industries, which has boosted the demand for knowledgeable blockchain developers. If you are considering hiring a Blockchain developer, it is essential to comprehend the components that influence the cost of their service.

The cost to hire an expert in blockchain development could differ based on a variety of aspects, such as:

Skill and Experience Level

The level of expertise and experience significantly affect their price. Professionals with a solid understanding of blockchain technologies, expertise in programming languages like Solidity, and a working knowledge of blockchain platforms like Ethereum or Hyperledger will be paid more. The more experienced developers are often expensive but can offer significant knowledge and expertise.

Project Intricacy

The project's complexity will significantly impact the cost of hiring blockchain developers. Projects that require the creation of complex smart contracts, complex algorithms for consensus, and sophisticated decentralized applications (dApps) will more likely call for the expertise of highly skilled developers, which will result in higher costs.

Timeframe for Development

The date you wish the project to be completed could affect the price. Urgent projects could require additional resources or longer hours to meet the deadline, which could result in higher costs. It is crucial to discuss the project's timeline and ensure that it is in line with the developer's schedule and workload.

Location and Market Rates

The location of the developer's office could impact the price. Developers who live in areas with high living costs or areas where blockchain-related knowledge is in high demand are often charged higher rates. For instance, developers in North America or Western Europe typically charge more than other places. Yet, those from different regions may have different opinions and experiences.

Freelancer vs. Agency

The cost to Hire Blockchain Developers compared to hiring an agency could differ. Although freelancers might offer reasonable rates, they typically operate independently, which means you'll be accountable for managing your project and coordination. On the contrary, agencies provide a team-based method with project managers and quality assurance. However, the costs tend to be higher due to the additional administration and services.

Additional Services

Apart from coding, some blockchain developers also provide consulting, project management, or ongoing maintenance. These additional services could raise your project's cost but can also increase its value. When evaluating these extra services, consider your requirements and budgetary limitations.

Conclusion

Hire blockchain developer to work for you is crucial for companies regardless of size because of the technology's potential advantages. Blockchain developers provide innovation-enhanced security, increased efficiency, and cost-efficiency by streamlining processes and smart contracts. They enhance transparency, strengthen stakeholder trust, and create opportunities to generate additional revenue streams.

Investing in blockchain talent ensures the future of your business and provides endless opportunities for market growth and differentiation. Their real-world experience is crucial for the safety of Blockchain networks, resulting in success in careers within the blockchain sector.