Written by Scott Craig|Posted on August 25, 2023
Blockchain is more than just a hot trend in the IT industry. The distributed digital ledger technology is here to stay, finding use cases far beyond cryptocurrency and NFTs. Fintech platforms, cross-border payment systems, supply chain management, logistics, and other industries are all using blockchain thanks to its advantages in providing secure and decentralized data management.
As more and more companies consider using blockchain as the primary tech stack for their next software product, be that a mobile app, website, or web3 application, the question often comes up–should you do it in-house or outsource blockchain app development?
Here’s a rundown of the pros and cons of both approaches.
This involves assembling your own team from scratch that can handle all the development work as part of your company.
Pros of in-house development
Cons of in-house development
This involves contracting a third-party vendor, usually a specialist blockchain development services company based in another country, to handle the development process for you.
Pros of outsourcing
Cons of outsourcing
Generally speaking, the advantages of outsourcing mean that it is usually the preferred approach. There are ways that you can mitigate the risks of outsourcing, for example, by contracting a partner that offers project monitoring tools, or by choosing a nearshore development company that speaks English and is aligned with your time zone.
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