Blockchain technology has become the buzzword in today’s tech landscape, much like Bitcoin did during its boom.
Across various sectors, this transformative technology is finding its place, whether it’s for managing data, ensuring secure payments, or enhancing overall security.
Predictions even suggest that the global market for blockchain technology could soar to a staggering 39 billion U.S. dollars by 2025, reflecting its ever-expanding influence across diverse industries.
And, if you are among the ones who too want to leverage this technology, then your next step is to hire blockchain developers.
If you’re wondering where to begin, don’t worry. This blog is here to provide you with a clear roadmap. You’ll gain a rapid insight into the role and responsibilities of a blockchain developer, the essential skills they should possess, and important things you should consider while hiring a blockchain developer.
So, let’s start by understanding the basics-
What is Blockchain technology?
Blockchain technology is a high-tech backbone of transparent information sharing within networks. It is a decentralized, distributed, and digital ledger that allows users to store and manage data. It is a chain of digital blocks, each securely connected to the next.
What’s remarkable is that once data is in, it’s locked in, and no one can sneak in and change it without the network’s unanimous agreement. This creates a rock-solid foundation for building unchangeable ledgers that track orders, payments, accounts, and all kinds of transactions.
Who are Blockchain Developers?
The blockchain developer is a software developer who is the creator and innovator of blockchain networks. These tech-savvy professionals are the masterminds behind optimizing blockchain protocols, developing smart contracts and web applications.
Whether it’s a decentralized cryptocurrency network or a private blockchain system, these experts have the skills to build these all.
What are the different roles and responsibilities of a Blockchain Developer?
The roles and responsibilities of a blockchain developer encompass the following key aspects:
- Designing Blockchain Protocols: Developing protocols for blockchain and implementing network security patterns and consensus procedures.
- Network Topology Design: Creating and overseeing the network topology.
- Blockchain System Development: Engaging in the development, testing, and design of blockchain systems, as well as constructing application features using various coding languages.
- Front-End Development: Designing interactive front-ends for decentralized applications (Dapps).
- Backend Development: Monitoring and managing the backend development aspects of blockchain systems.
- Technology Integration: Introducing innovative technologies to enhance blockchain network security and educating team members about blockchain technology.
- Security Implementation: Establishing robust security measures to safeguard against cybercrimes, leveraging encryption techniques to protect against hackers and other online threats.
What are the things to consider when hiring blockchain developers?
Blockchain developers are commanding some impressive salaries in today’s market. We’re talking an average of $132,000 per year, with base salaries ranging from a floor of $60,000 to a ceiling of $250,000.
That’s some serious cash.
Therefore, bringing the wrong blockchain developers on board can be a costly mistake, both in terms of time and money. Yes, you have to take care of this decision. You can follow the below-given steps to hire blockchain developers to avoid mistakes.
Step 1: Choose Your Blockchain Business Strategy
In this first step, you need to pick a suitable business strategy. Your options mainly come down to two choices that will determine the kind of talent you’ll require.
- Create Your Own Blockchain
If you’re building your own blockchain, find a versatile blockchain developer with C++ expertise. They should have experience in crypto technology and blockchain app development. You can also consider using existing platforms like Ethereum.
- Develop “Soft Applications” on Existing Blockchains
For this, you’ll need a Java or GO blockchain developer who understands distributed ledgers well, especially Hyperledger Fabric.
Step 2: Think About Your Blockchain Development Hiring Model
It is a good practice that before you jump into hiring a blockchain developer, determine your working arrangement. Choose between:
Full-Time Staff or Project-Based:
- Project-based: Outsource a dedicated team for cost-effective, high-quality services. Offers flexibility and scalability.
- Full-time staff: Expensive, with recruitment and benefits like medical coverage, sick leave, and paid vacation.
Hire Locally or Hire Remote Developer:
- Local hiring: Direct but costly, depending on local salaries.
- Remote team: One of the cost-effective solutions to hire remote developers for blockchain-based solutions.
Step 3: Ensure Your Blockchain Developers Have Essential Skills
In the blockchain industry, several programming languages are crucial. A proficient blockchain developer should possess a solid foundation in these programming languages, each serving specific purposes in successful application deployments. Here’s a concise overview of the key programming languages to consider:
- C++: Vital for blockchain development, it transforms big data into manageable objects for front-end applications.
- Solidity: Popular among blockchain developers for its speed and efficiency in creating and transmitting messages among users.
- Java: Widely used across various computer systems for creating connections between data blocks and delivering data to users.
- Python: Emerging as a prominent language, it’s used in blockchain and web development, simplifying multitasking with single commands.
- Perl: A high-level programming language for multitasking and real-time programming, adaptable across platforms.
- Ruby: An object-oriented language for building secure blockchain systems with customizable Ruby software.
Closing of the blog-
To find the right fit, tailor your recruitment strategy; leverage headhunting firms for remote talent, and focus on programming skills over experience. Retaining top talent involves offering more than just money—flexible work arrangements, project alignment, and incentives.
Hope with this blog you have a thorough idea of how to hire a blockchain developer, and what things to consider.