Nettechnocrats reflects a deep insight into what it costs and how much time it takes to develop a quality blockchain app for its customers significantly with developing the best apps regarding their business.

India, April 12th, 2019-- A team of highly experienced and proficient mobile app developers have shared their knowledge over the time frames and cost incurred to create a blockchain app, it is worth sharing.

Not just the blockchain applications, all kind of business apps that are created by app development companies involve certain kind of factors like what cost will incur and in what time it would get created.

“The total cost of blockchain app development variates depending on what you want to achieve. If you are building a decentralized model where you will enable Peer to Peer (P2P) transactions using cryptocurrencies, you will most likely build a Dapp.

On the other hand, you might be planning to implement blockchain to improve efficiency, otherwise, you are likely eyeing blockchain for a “Business to business” (B2B) platform. Such systems require data privacy, due to regulatory requirements. These two approaches are quite different and accordingly, your project outline will be different, and you will incur different type of costs”, said by Dev Bhushan, CEO of Nettechnocrats.

Of course, different price tags are given for blockchain development in different countries of the world. The US-based development companies charge 10 times higher than the actual charges are, in some areas. However, the company throws some light over the resources involved in developing different level blockchain apps i.e. apps for banks, retail industries, financing industries, and other business-specific applications.

Considering the involvement of all different factors, the general idea developers at Nettechnocrats share includes wide variations in terms of time and cost estimation.

According to an expert developer in the company, “If taking the example of a banking app; everyone knows that they have advanced features such as decentralization, immutability, and transparency. Now, users are also allowed to have such transparency. Hence, it costs around $5,000 to $200,000 to build a blockchain app. It could take at an approximate of 2.5 to 6 months for the entire project to be accomplished. However, the time varies depending upon the complexity of the app and the process involved.”

“The pace of developing apps is improving day by day with the new trends and technologies arriving in the market. To determine the exact cost of the project, we always suggest starting with the formation of a detailed description. Within the terms of reference, it is possible to estimate the number of hours which will be required to spend on the development of the project and calculate the total cost by multiplying the number of hours for the rate. The average cost that a Blockchain development company in India costs are $50- $70 per hour, but in some cases may be as high as $ 100,” he added further.

If you have a revolutionary project; you can contact with experienced developers at Nettechnocrats. Our aim is to give complete guidance to our customers so that they can focus on acquiring quality and beneficial app for their business,” Dev Bhushan added further.

About Nettechnocrats

Nettechnocrats IT Services is a renowned name in the field of blockchain app development, iOS app development and other web and mobile app development services. The experienced and skilled professionals have to create exceptional quality, intuitive and user-friendly mobile apps within customer’s cost and time requirements.