Blockchain technology has revolutionized various industries by enhancing their efficiency, security, and transparency. Singapore, being a center of innovation and technology, hosts many blockchain development firms leading this digital revolution. In this post, we will discuss the top 15 blockchain companies in Singapore, and at the same time, explore the benefits of partnering with a blockchain firm in this vibrant nation-state.
- What Services Do Blockchain Companies in Singapore Offer?
- What Are the Differences Between Hiring a Blockchain Company in Singapore vs In Other Countries?
- Top 15 Blockchain Companies in Singapore Roaring onto the Global Stage
- How Singapore Implements Blockchain Technology Across Key Industries
- Final Thoughts
- FAQs
What Services Do Blockchain Companies in Singapore Offer?
Singapore has become a hub for blockchain companies from around the world, thanks to its supportive regulatory environment, state-of-the-art infrastructure, and highly skilled professionals. These companies offer a wide range of innovative and valuable services to their clients, contributing to the growth and advancement of the blockchain industry as a whole.
The diverse range of services that the top Singapore blockchain companies offer can be mentioned below:
- Smart contract development: By utilizing a blockchain platform, trustworthy and safe smart contracts can be created to automate company operations and transactions.
- Blockchain integration: Integrate blockchain technology into the existing infrastructure and business processes.
- Decentralized applications (dApps) development: Create dApps that are easy to use and interface with blockchain networks.
- Proof of concept (PoC) development: Create and evaluate blockchain prototypes to confirm their viability and possible advantages.
- Blockchain consultation: Assist companies in understanding the potential benefits of blockchain technology and build up an appropriate strategy for its implementation.
What Are the Differences Between Hiring a Blockchain Company in Singapore vs In Other Countries?
Singapore has emerged as a prominent hub for blockchain technology in Asia. The city-state has positioned itself as a global leader in innovation and has created a conducive environment for blockchain companies to thrive. Here are some key factors that make Singapore an attractive destination for hiring a blockchain company:
- Regulatory Environment: Singapore has a favorable regulatory environment for blockchain and cryptocurrency companies, making it easier to operate and innovate in this space.
- Talent Pool: Singapore has a strong pool of talent in the tech industry, including blockchain developers and experts, making it easier to find skilled professionals for your project.
- Business Environment: Singapore is known for its business-friendly environment, with low taxes, minimal red tape, and strong support for startups and innovation.
- Access to Funding: Singapore has a growing ecosystem of investors and venture capitalists interested in blockchain technology, providing more opportunities for funding and growth.
- Location: Singapore’s strategic location in Asia makes it a hub for business and technology, with easy access to markets in the region.
Hiring a blockchain company in Singapore or other countries can have distinct advantages and considerations. However, Singapore offers a favorable regulatory environment, a diverse talent pool, and a supportive business ecosystem which make it worth to invest in.
| Read more: – Embrace the Future with the Top 15 Blockchain Companies in India – 20+ Vietnamese Blockchain Leaders: Partners for Business Success – Top 15 Blockchain Development Companies In the USA | |
Top 15 Blockchain Companies in Singapore Roaring onto the Global Stage
We have compiled a list of the top 15 blockchain companies in Singapore, based on data from Clutch. Let’s dive in.
| Company Name | Founded | Prices | Ratings | Client Focus |
| Synodus | 2019 | $16 – $30/ hr | 5 | Medium Business (40%) Small Business (40%) Large Business (20%) |
| Pixelette Technologies | 2018 | $25 – $49 / hr | 4.8 | Small Business (50%) Enterprise (25%) Midmarket (25%) |
| MobileFirst Applications | 2014 | $25 – $49 / hr | 4.7 | Enterprise (40%) Midmarket (30%) Small Business (30%) |
| Vinova | 2010 | $25 – $49 / hr | 4.9 | Midmarket (40%) Small Business (40%) Enterprise (20%) |
| Skylark Infotech | 2014 | $25 – $49 / hr | 5 | Midmarket (50%) Small Business (50%) |
| 482.solutions | 2013 | $25 – $49 / hr | 4.9 | Midmarket (50%) Small Business (50%) |
| Seven Bits Technologies | 2011 | $25 – $49 / hr | 4.9 | Small Business (90%) Midmarket (10%) |
| Akhter Studios | 2020 | $25 – $49 / hr | 5 | Midmarket (40%) Small Business (40%) Enterprise (20%) |
| Ahiho | 2019 | $25 – $49 / hr | 5 | Small Business (80%) Midmarket (15%) Enterprise (5%) |
| INVINCIX Solutions Private Limited | 2017 | $25 – $49 / hr | 4.8 | Small Business (45%) Enterprise (30%) Midmarket (25%) |
| AuroBlocks | 2018 | $25 – $49 / hr | N/A | Midmarket (60%) Enterprise (20%) Small Business (20%) |
| Smart Source Technologies Pte Ltd | 2006 | $50 – $99 / hr | N/A | Small Business (70%) Midmarket (30%) |
| Prowess Software Services PVT LTD | 2016 | $50 – $99 / hr | N/A | Midmarket (40%) Enterprise (30%) Small Business (30%) |
| Hartley Lab | 2011 | $50 – $99 / hr | N/A | Small Business (25%) Enterprise (25%) Midmarket (50%) |
| Zensite | 2016 | $50 – $99 / hr | 4.8 | Small Business (70%) Midmarket (30%) |
1. Synodus: The Unique Choice For Blockchain Company In Singapore
When it comes to choosing a Singapore blockchain company, Synodus stands out as an outstanding choice. With a reputation as one of the top blockchain companies in Singapore and over 5 years of experience, Synodus has firmly established itself as a leading full-cycle blockchain service provider.
What sets us apart is our commitment to:
- Prioritize fast deployment, recognizing that time is of the essence in the rapidly evolving blockchain landscape
- Provide cost-efficient solutions as we strive to deliver blockchain services that offer excellent value for your investment
- Foster open and honest communication with our clients
- Take the time to understand your needs thoroughly and tailor our solutions accordingly
At Synodus, we are passionate about revolutionizing the blockchain landscape and empowering businesses to harness its full potential. If you are seeking a trusted and experienced partner to guide you through your blockchain journey, look no further. Blockchain mastery. Business growth. Starts here!
2. Pixelette Technologies
Pixelette Technologies is revolutionizing technology with blockchain and artificial intelligence. Their innovative team aims to transform technology worldwide and pave the way for a more intelligent and connected society.
- Pros: Being at the forefront of technology
- Cons: Rapid expansion with 13 branches globally can pose challenges while managing.
3. MobileFirst Applications
MobileFirst, established in 2014, creates custom mobile applications, blockchain solutions, and AI-powered features. This award-winning agency boasts a diverse clientele and expertise in various industries.
- Pros: Very responsive to customer’s needs
- Cons: The lack of transparency regarding their development process
4. Vinova
As a leading Singapre blockchain company, Vinova has been crafting top-notch mobile, web, and enterprise applications for over 14 years. They’re trusted by major brands like Samsung and OCBC.
- Pros: Possessing a deep understanding of the development process and a wide range of technical capabilities.
- Cons: Lack of development methodologies
5. Skylark Infotech
Skylark Infotech, headquartered in Singapore, is a mobile app and web development company specializing in creating “cutting edge, cost-effective” solutions. They emphasize their experienced team and dedication to exceeding client expectations.
- Pros: Skylark highlights affordability, which can be a major advantage for budget-conscious businesses.
- Cons: Focus on values over specifics
6. 482.solutions
This Singapore-based software engineering company specializes in building innovative solutions using blockchain technology. They focus on helping businesses address challenges related to “Industry 4.0,”.
- Pros: A strong skillset in blockchain development, with experience in leading platforms like Ethereum and Hyperledger Fabric
- Cons: Focus more on technical details
7. Seven Bits Technologies
Seven Bits Technologies is a well-known leader in blockchain development services and consulting. Founded in 2011, the company is headquartered in India and has been a major player in the market ever since.
- Pros: A comprehensive suite of blockchain development services, catering to different needs.
- Cons: Not the top leading in Singapore
8. Akhter Studios
As a blockchain startup in Singapore, Akhter Studios presents themselves as an one-stop shop for custom software development, emphasizing quality, transparency, and client satisfaction.
- Pros: A full range of services, from initial concept to deployment and support
- Cons: Lack of a transparent development process
9. Ahiho
Ahiho is an on-demand blockchain development company focused on user experience and building applications. Their expertise in cloud computing and modern technologies helps them deliver successful projects, like a top dating app with millions of users.
- Pros: User-centric approach
- Cons: Lack of team structure
10. INVINCIX Solutions Private Limited
Singapore-based INVINX Solutions Private Limited positions itself as a developer of user-friendly software solutions. They offer a variety of services, catering to businesses seeking end-to-end product development, mobile apps, data analytics, and cloud deployments.
- Pros: A comprehensive package, potentially simplifying the development process for clients.
- Cons: Focus on process rather than results
11. AuroBlocks
Auroblocks, a top blockchain development company in Singapore, offers a comprehensive suite of services. They cater to various needs, from building cryptocurrency exchanges to creating bespoke blockchains tailored to specific business requirements.
- Pros: A wide variety of services encompassing all aspects of blockchain development
- Cons: Lack of a transparent development process
12. Smart Source Technologies Pte Ltd
Smart Source steps in the Singapore blockchain field as a comprehensive solution provider, offering a powerful combination of integration expertise and data science prowess.
- Pros: Work in multiple different business needs (government, banking, logistics, etc.)
- Cons: Focus on the process rather than the results.
13. Prowess Software Services PVT LTD
Hailing from Hyderabad, India, with branches in the USA and Singapore, Prowess Software Services positions itself as a global IT services firm catering to a diverse clientele. They showcase passion for technology and a focus on cloud solutions, aiming to help businesses unlock their full potential.
- Pros: Serve clients across different time zones and geographical locations
- Cons: Lack of transparency on project management
14. Hartley Lab
Hartley Lab, a Singapore-based IT service provider dedicated to making your digital journey smooth and successful. Their motto, “Make IT Simple,” represents their commitment to providing clear and effective solutions that empower businesses to thrive in the digital age.
- Pros: Focus on client’s needs
- Cons: Lack of management
15. Zensite
Zensite is a passionate UI/UX design agency fueled by data and a global perspective, obsessed with crafting digital experiences that not only captivate users, but also propel your brand towards success.
- Pros: Data-driven design with effective collaboration
- Cons: Focus on the process rather than the results
How Singapore Implements Blockchain Technology Across Key Industries
As a leading hub for adopting blockchain technology, Singapore’s government has been actively promoting its use for various purposes. In addition, businesses in key industries are implementing specific blockchain applications to gain significant benefits. Below are some use cases of how blockchain is being used in Singapore, which might bring a significant impact on key industries.
For Finance
- Cross-border payments: Reduce costs, increase speed, increase transparency and reduce fraud. (Eg: DBS Bank has collaborated with Ripple to offer quick and affordable cross-border payment solutions.)
- Trade finance: Increase transparency, reduce fraud, increase transaction processing speed and reduce financing costs. (Eg: For example, Standard Chartered Bank uses Hyperledger Fabric to track and verify trade finance transactions. Maybank partners with R3 Corda to create a digital trade finance platform.)
- Asset management: Increase transparency, reduce fraud, improve transaction efficiency and reduce management costs. (Eg: Temasek Holdings uses Ethereum to issue tokens that represent their investments. DBS Bank partners with Quorum to create a digital wealth management platform. Standard Chartered Bank uses Symbion to track and verify asset ownership.)
For The Supply Chain
- Goods tracking: Enhance transparency, reduce counterfeit goods, increase supply chain efficiency and cut down logistics costs. (Eg: APL Logistics uses IBM Food Trust to track the origin and quality of food. BMW uses VeChain to track the supply chain for car parts.)
- Inventory management: Improve warehouse operational efficiency, minimize inventory, increase supply chain visibility and reduce operating costs. (Eg: Amazon Web Services (AWS) uses Hyperledger Fabric to manage inventory for businesses. Walmart uses Skuchain to track inventory and optimize the supply chain.)
For The Government
- Identity verification: Enhance personal data security and privacy, reduce identity fraud, increase access to digital services, and minimize identity verification costs. (Eg: SingPass uses Civic to create a secure and easy-to-use digital identity verification system. Infocomm Development Authority (IDA) Singapore partners with Sovrin to develop a blockchain platform for self-sovereign identity management.)
- Online public services: Improve efficiency and transparency, minimize fraud and corruption, increase access to public services, and reduce the cost of running government operating costs. (Eg: For example, the Singapore Government uses Ethereum to develop a blockchain platform for electronic public services such as licensing and business registration. Monetary Authority of Singapore (MAS) partners with Hyperledger Fabric to create a blockchain system for payments and insurance claims.)
- File and records management: Enhance data security and integrity, reduce fraud, increase data accessibility, minimize file management costs. (Eg: The Singapore government uses Ethereum to store and manage people’s medical records safely and securely. The Singapore Land Registry (SLA) partners with Hyperledger Fabric to create a blockchain system for land ownership management. Standard Chartered Bank uses IBM Blockchain to store and manage customer records securely and efficiently.)
In general, blockchain has great potential to benefit many businesses who are in need of blockchain-related services in Singapore. The important advantages are:
- Reduce costs: By automating processes and eliminating intermediaries.
- Increase speed: By boosting efficiency and reducing the time needed to complete transactions.
- Enhance transparency: By creating a distributed and immutable ledger.
- Reduce Fraud: By providing a safer and more secure system.
- Improve accessibility: By making services accessible to more people.
The blockchain industry is expanding rapidly, with new applications emerging on a daily basis. And the Singapore government is fully committed to promoting the development of blockchain technology as an essential tool to foster innovation and drive economic growth.
Final Thoughts
As we look toward the future, it is evident that Singapore will continue to be at the forefront of blockchain innovation. The country’s supportive regulatory environment, robust infrastructure, and strong emphasis on collaboration provide a fertile ground for blockchain startups and entrepreneurs to flourish.
The future of blockchain holds immense potential, and these 15 Singaporean players are leading the way toward a decentralized and transformative world.
FAQs
1. What Industries are Blockchain Companies in Singapore Targeting?
Some of the industries that are often targeted by various groups or individuals include finance, supply chain management, healthcare, and voting systems.
2. How much does it Cost to Hire a Blockchain Company in Singapore?
Costs for projects vary based on their size, complexity, and desired timeline. However, prices typically start from a few thousand dollars and can reach six figures for intricate projects.
3. What are some Things to Consider When Choosing a Blockchain Company in Singapore?
It is essential to find a company that specializes in your industry and has a proven history of successful projects.
4. What are the Benefits of Working with a Singapore-based Blockchain Company?
Singapore provides a secure and stable environment for blockchain and cryptocurrency businesses with clear regulations and a pro-business approach.
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