Top 10 Blockchain Development Companies in UAE (Compared)
When looking for a Blockchain Technology firm, you may face several challenges. Finding the correct business with experience in your industry, language difficulties preventing communication with the development team, and not being able to reach the development team without knowing anything about their background are just a few examples. Furthermore, some persons face issues receiving accurate and timely project updates, as well as a lack of quality work, due to financing limits.
There are a few things to consider when looking for a Blockchain Development Company. First and foremost, make sure the company you pick is experienced in this field, has a good reputation, and is licensed and insured, as this technology poses a danger of cybercrime. Finally, ask a lot of questions and receive a clear proposal before signing any contracts.
Discover The Top Blockchain Development Companies In Your Region:
- Top Blockchain Development Companies In The USA
- Top Blockchain Development Companies In The UK
- Top Blockchain Development Companies in India
- Top Blockchain Development Companies In Sweden
To save your time, professionals at GoodTroopers have researched and curated a list of Top 10 Blockchain Development Companies based in the UAE.
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Top 10 Blockchain Development Companies in UAE in 2022
1) Ajath
Ajath provides tech and digital marketing solutions to big business problems. They monitor their client’s goals and provide lasting improvements to their problems. They follow different strategies for both digital and technical solutions.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2018 | 50-249 | Dubai, UAE | $10,000+ |
Other than the Blockchain Development service, they also provide other services like Mobile App Development and other applications development. The industries they focus on are eCommerce, Education, Information and Technology, Business Services, Medical, and Real Estate. Their key clients include Sygic, Member, Mr. Usta, Protein Bar & kitchen, and Be Glammed.
2) Verofax
With a smart traceability solution built on the Hyperledger blockchain, Verofax gives you an unfair advantage, enabling you to exploit the benefits of trust and traceability and change your organization.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2018 | 50-249 | Abu Dhabi, UAE | $5,000+ |
Other than Blockchain Development service, they also provide services of Financial Advising & Planning, IT strategy consulting, ERP consulting & SI, and logistics and supply chain consulting. The industries they focus on are Business & Financial Services, Government, Manufacturing, IT, Medical, and Retail.
3) TFT Technology
TFT is one of the best digital solution providers. They assist enterprises to design & develop one of the best technology. They have a team of experts of web designers, UI/UX designers, and project managers.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2021 | 50-249 | Dubai, UAE | $10,000+ |
Other than Blockchain Development services, they also provide services of Web Development, Custom Software Development, Mobile App Development, IoT, and SEO. The industries they focus on are IT, Real Estate, Business & Financial Services, and eCommerce.
4) DBZeus
DBZeus work with big enterprises by providing innovative solutions to their ideas. They bring together the integrated technology, distribution, and technical support, in the industry by a wide range.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2015 | 10-49 | Al Batayih, UAE | $5,000+ |
Other than Blockchain Development, they provide the services of Custom Software Development, Mobile and Web Development, IoT, IT, E-commerce development, UI/UX Design, and Web Design. The industry they focus on are Financial, Real Estate, IT, Government, Medical, and Retail.
5) Reactive Space
Reactive Space is a team of virtual currency enthusiasts who are experts in coding and designing. They have also stepped into the world of cryptocurrency. They have clients from all over the world. They have a bunch of software developers.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2017 | 10-49 | Office:907, UAE | $1,000+ |
Other than Blockchain Development, they also provide other services like AR/VR, AI, IT, UI/UX Design, Custom Software Development, Cybersecurity, and Cloud Consulting. The industries they focus on are IT, Gaming, and Energy & Natural Resources.
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6) Phontinent technology
Phontinent creates apps that impact their client’s business growth. They have a team of experts who knows very well about trends and likewise they work on them. Their team has skilled experts in all fields. Other than Blockchain Development, they also provide services of UI/UX Design, Web Design, and Web Development.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2017 | 10-49 | Dubai, UAE | $5,000+ |
7) Global Green Tech Solution(GGTS)
GGTS has helped many small businesses and Enterprises in reshaping their businesses for the digital era. They have a team of experts who are skilled, professionals, who keep an eye on the market evolution and latest technologies. They bring out the best possible solution.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2019 | 50-249 | Dubai, UAE | $1,000+ |
Other than Blockchain development, they also provide services of AI, E-commerce, Mobile App Development, and Custom Software Services. The industries they focus on are IT, Medical, Government, and eCommerce.
8) Innohub
Innohub prioritizes helping businesses and governments to streamline their daily core operations with technological and digital solutions in Blockchain and AI technologies.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2015 | 50-249 | Al Ain, UAE | $10,000+ |
Other than Blockchain development, they also provide other services like AI, Cybersecurity, and Enterprise App Optimization. The industries they focus on are Financial, IT, Telecommunications, Government, and Supply Chain.
9) Bluecast Technologies
Bluecast has a group of experts that provide quality software solutions and services to government agencies. They provide quality assurance and their customers prefer them frequently.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2012 | 10-49 | Dubai, UAE | $10,000+ |
Other than Blockchain development, the services they provide are Mobile App & Web Development, and AI. The industries they focus on are Government, Medical, IT, and eCommerce.
10) Timeline
Timeline offer tailored innovative software solution for their clients to enhance their business. They are a leading provider of industry-specific solutions. Other than Blockchain Development, they also provide services of AI, Custom Software Development, Cybersecurity, and Web & Mobile App Development.
| Founded (year) | No of employees | Headquarters | Minimum project size |
| 2007 | 10-49 | Dubai, UAE | $5,000+ |
Comparison Of The Best Blockchain Developers Based In UAE
Blockchain is a relatively new and unique technology so it is tough to find a suitable and legit developer with the required experience in the field. So to make sure you choose the right tech partner it is important to compare all the options available to you.
| Agency | No. of Employees | Years of Experience | Min Project Size | Hourly Rate | Product Type | Locations |
|---|---|---|---|---|---|---|
| Ajath | 50 – 249 | 4 | $10,000+ | $25 – $49 | Custom | UAE, USA, India, Canada |
| Verofax | 50 – 249 | 4 | $5,000+ | $300+ | Custom | UK, Malaysia, UAE, Canada |
| TFT Technology | 10 – 49 | 1 | $10,000+ | $50 – $99 | Custom | UAE |
| DBZeus | 10 – 49 | 7 | $5,000+ | $25 – $49 | Custom | India, UAE, Canada |
| Reactive Space | 10 – 49 | 5 | $1,000+ | $25 – $49 | Custom | UAE, Pakistan |
| Phontinent technology | 10 – 49 | 5 | $5,000+ | $25 – $49 | Custom | USA, UAE, India |
| Global Green Tech Solution (GGTS) | 50 – 249 | 3 | $1,000+ | $25 – $49 | Custom | UAE |
| Innohub | 50 – 249 | 7 | $10,000+ | $25 – $49 | Custom | UAE |
| Bluecast Technologies | 10 – 49 | 10 | $10,000+ | $25 – $49 | Custom | UAE, India |
| Timeline | 50 – 249 | 15 | $50,000+ | Not Disclosed | Custom | UAE |
What are the benefits of Blockchain technology?
With the debut of Bitcoin in 2009, blockchain went from theory to practice, proving that this digital distributed ledger technology works. Since then, businesses have been experimenting with how they may use blockchain to their advantage.
The usefulness of blockchain originates from its capacity to transfer data between entities in a quick and secure manner, without requiring anyone institution to bear responsibility for data security or transaction facilitation.
The benefits of blockchain have been listed below:
- Build trust
Where trust is either non-existent or unproven, blockchain generates trust amongst multiple entities. As a result, these businesses are willing to engage in transactions or data sharing that they might not have done otherwise or that would have required the use of an intermediary. One of the most frequently mentioned advantages of blockchain is the ability to enable trust. Early blockchain use cases demonstrated its worth by facilitating transactions between entities that did not have direct contacts but needed to share data or make payments. Bitcoin and cryptocurrencies, in general, are classic examples of how blockchain allows individuals who don’t know one other to trust one another.
- Decentralized structure
When there is no central player to facilitate trust, blockchain displays its worth, according to Daniel Field, head of the blockchain at UST, a global provider of digital technologies and services. So, in addition to facilitating confidence when players are unfamiliar with one another, blockchain facilitates data exchange inside a corporate ecosystem where no single entity is solely responsible. A good example is supply chain management: Multiple organizations — from suppliers and transportation companies to producers, distributors, and retailers — want or require information from others in the chain, but no one is in charge of making it happen. The decentralized nature of blockchain overcomes this problem.
- Security and privacy have been improved
Another major advantage of blockchain-based systems is their security. The increased security provided by blockchain is due to the way the technology works: With end-to-end encryption, blockchain generates an unalterable record of transactions that prevents fraud and unlawful conduct. Furthermore, blockchain data is kept across a network of computers, making it nearly impossible to attack (unlike conventional computer systems that store data together in servers). Furthermore, by anonymizing data and requiring permissions to limit access, blockchain can solve privacy concerns better than traditional computer systems.
- Reduces cost
The nature of blockchain can also help businesses save money. It improves transaction processing efficiency. It also simplifies reporting and auditing operations by reducing manual duties such as data aggregation and amendment. Financial institutions save money when they use blockchain, according to experts, since blockchain’s capacity to speed clearing and settlement translates directly into process cost savings. In general, blockchain helps organizations save money by removing the middlemen vendors and third-party providers who have traditionally handled the work that blockchain can do.
- Speed
Blockchain can handle transactions substantially faster than traditional techniques since it eliminates intermediaries and replaces remaining human processes in transactions. In some situations, a transaction on the blockchain can be completed in seconds or less. However, the speed with which a blockchain-based system can process transactions is dependent on a number of factors, including the size of each block of data and network traffic. Nonetheless, experts have decided that in terms of speed, blockchain often outperforms traditional processes and technology. Walmart used blockchain technology to trace the origins of sliced mangoes in seconds, a procedure that had previously taken seven days.
Conclusion
Above listed companies have been researched on the basis of companies’ policies, services, specialties, reviews, pricing models, locations, google rankings, and user rankings. Choosing the ideal firm for your project will be a lot easier and more time-effective when combined with our vetting process and personal coaching.
The above-listed companies in no order claim that one is superior or better than the other one. Lastly, before your final decision, we would recommend you conduct research on your extent to eliminate any pending doubts. Finally, these companies have global rankings and reputations, but if you have another proposal for a company that should be added to our list, please let us know.
