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Blockchain Technology is a popular technology in today’s world. It is incorporated for different business applications besides financial transactions. Blockchain Technology is used across financial services, government, supply chain, healthcare, retail, and many other industries. It has indeed transformed many businesses. It not just improves security but speeds up the exchange of information, ensuring transparency.

What are the benefits of Blockchain Technology?

 Blockchain adds value to many businesses and has the following benefits: 

  1. It offers transparency to many businesses.
  2. It offers enhanced traceability
  3. Increases the speed
  4. Reduces the costs of operations

 The Cost of Blockchain App Development depends on the following factors:

  • The type of Blockchain Applications
  • The complexity of a Blockchain Project for your business
  • The Project Management Tools used
  • It also includes Third-Party Tool Subscription

Type of Blockchain Applications that you require:

Every business requires a digital solution to run its business operations efficiently. Building a Blockchain application can offer transparency and removes additional intermediaries. Before implementing Blockchain Technology and estimating the cost, it is essential to understand the type of blockchain application you need. Before investing in Blockchain Technology, understand the kind of technology that you need. You can either go for a permissioned blockchain application or a permission-less Blockchain Application. In both cases, you need to consider which application will suit your business needs. The cost of a Blockchain application varies from industry to industry and the complexity of the project.

The various steps involved in a Blockchain Development Process are:

 The blockchain development process consists of the following stages:

  1. Identifying the Goal
  2. Choosing the right Blockchain Platform
  3. Brainstorming and ideating Blockchain process
  4. Gaining the proof of the Blockchain Concept
  5. Analyzing all sorts of visual and technical designs
  6. Final development of the Blockchain

How long does it take to develop a Blockchain?

The duration of a Blockchain Project depends on the requirements of the applications. Once the project is initiated, it typically takes 2-3 weeks to complete the entire process of PoC. Once the PoC is done, it takes another couple of weeks to develop a minimum viable product with bare minimum features.

In a nutshell, launching an application on the main net takes around a couple of months based on the client’s requirements.

Why choose Pear System for Blockchain Development?

If you are looking for a blockchain development partner who can help you develop the best and secured blockchain application, we are here to help you. At Pear System our team comprise of industry stalwarts who have years of experience in developing not just robust mobile apps but Blockchain Technology as well.

We are well-known in providing the best mobile app development services in India. Not just this but we have a diverse clientele worldwide and from across sectors.

We provide the best Blockchain Application Development Services to all our clients and many businesses have benefitted from our solutions.  

For more details you can connect with our team of experts. Drop a mail with your queries and you will get the best quote. Call on our numbers to directly speak with our executives.