Blockchain technology has become the latest and hottest technology today, with various applications in Education, Healthcare, Retail, Logistics, Finance, Entertainment, etc. The global demand for custom Blockchain development has increased along with the growing interest in blockchain technology.

Taking advantage of Vietnam's human resources and technology, many companies have become high-quality blockchain solution providers. If you are looking for the answer to the question "Which is the leading blockchain development company in Vietnam?", then don't miss this article.

The list below will mention the top blockchain development companies in Vietnam with the most advanced technology solutions.

Advantages of Blockchain Technology

You may have heard a lot about blockchain technology, but do you know the specific advantages that this technology brings? Only when you clearly understand the advantages of blockchain can you determine whether this is exactly the technology needed for your project.

Enhanced security

This is perhaps the most well-known advantage of blockchain technology. The blockchain system allows businesses to store information in completely decentralized blocks. If you try to modify any information, the other blocks will change as well. Therefore, it is almost impossible for hackers and internal corruption to delete/falsify information.

• Improve document management

There is no denying that many paper documents can lead to human errors when preparing contracts, filing, entering information into computers. However, you can maintain documents easily and conveniently when your organization incorporates blockchain development. This decentralized ecosystem will cut costs while minimizing paperwork, eliminating errors, and preventing information distortion.

• Increase efficiency

One of the reasons blockchain is so secure is because it is highly automated. Because transactions on the blockchain are automated, the technology is particularly well suited to executing contracts. On the blockchain, transactions are executed using “smart contracts,” eliminating the need for a middleman.

If both parties agree to the agreements, the exchange of goods, services, and money can take place automatically. Blockchain smart contracts can help businesses streamline agreements while saving money by reducing the fees typically paid to third parties to execute transactions or contracts.

• Save time

By eliminating intermediaries, as well as replacing the manual processes that remain in transactions, blockchain can process transactions significantly faster than conventional methods. In some cases, blockchain can process transactions in seconds or less.

• Manage data at the individual level

Experts say blockchain allows for an unprecedented amount of personal control over one's own digital data. Individuals and organizations can decide what pieces of digital data they want to share, with whom, and for how long, with limits enforced by blockchain-enabled smart contracts.

Read more: 5 IT Outsourcing trends businesses need to pay special attention to

Why Choose Blockchain Development Companies In Vietnam?

There are three main reasons why Vietnam has become a destination for companies looking to develop blockchain projects:

• Abundant & quality Blockchain human resources

According to Linkedin's estimate in 2020, Vietnam has about 10,000 software developers with expertise in blockchain development. They are always at the forefront and updated with the latest technologies. Realizing the emerging trend of Blockchain, many IT developers have equipped themselves with Public Blockchain (Ethereum, Polygon, Cardano, Binance Smart Chain, ...) or Private Blockchain (R3 Corda, Hyperledger). Therefore, you can rest assured when choosing Vietnam to outsource Blockchain development services.

• Competitive cost

Compared to other regions, Vietnam can be an attractive destination, helping you cut costs while maintaining high product quality. Vietnam's hourly cost is around $25-40/hour, lower than some "cradles" of outsourcing services such as Eastern Europe, America or East Asia.

• English level

In addition to their mother tongue, almost all graduates are exposed to English, helping Vietnam rank 13th in Asia in terms of English proficiency. Therefore, when you choose an IT Software Outsourcing Company in Vietnam, you can easily communicate with a dedicated team, be it a Project Manager, BA or developer.

Read more: Can IT outsourcing industry “riding the wave” of AI?

Top 10 Blockchain Development Companies in Vietnam

1. Sotatek

SotaTek – Leading Blockchain Development Company with 10 global offices in Vietnam, Japan, US and Australia to bring seamless experience to every business. SotaTek owns the largest number of Blockchain human resources in APAC, affirming its position in the IT industry.

With over 7 years of experience and over 1000 in-house employees, the company has successfully implemented over 500 projects of all sizes, including Advanced Cryptocurrency Exchange, NFT Marketplace, Blockchain-based games, Cryptocurrency Wallet, IDO/IEO/STO Consulting, Smart Contract.

2. EDUTO

EDUTO is one of the leading IT companies in Vietnam, providing digital transformation consulting services and software solutions in the financial, healthcare and retail sectors to domestic and international businesses. The company's success is recognized through more than 200 reviews from customers, including many companies. EDUTO has received much international awards and honors, as well as strategic partnerships with technology brands such as Apple, AWS and Microsoft.

EDUTO's team has developed large and complex projects using blockchain technology and achieved many positive results. In addition, the company has also developed a blockchain product ecosystem under the EDUTO brand - thereby demonstrating high expertise as well as the ability to research and innovate continuously with technology. Therefore, EDUTO has become one of the professional Blockchain Development Companies in Vietnam.

Some of EDUTO's outstanding products applying Blockchain and AI technology include ColorME website, ColorME Manager,... and many other outstanding products.

3. InApps Technology

InApps Technology is a Vietnam-based software outsourcing company, Blockchain Development Company with the mission of helping customers minimize the risks associated with implementing their innovative ideas. The company can provide you with blockchain development services, blockchain application integration, and blockchain consulting.

InApps Technology relies on established processes to create a sophisticated approach to quality control in outsourcing projects. InApps staff have knowledge from many different fields, from which they can provide precise advice to achieve optimal efficiency for the client's project.

4. Newwave Solutions

Newwave Solutions was established in 2011 in Vietnam and is currently operated by a strong team of 300 employees specializing in providing effective solutions to customer needs.

Besides providing emerging technologies like Blockchain and IoT, the company also provides sustainable Software development services including Web, App or Mobile, UI/UX design, QA & Testing. Newwave Solutions has also received several recognitions from business review sites like Clutch & The Manifest.

5. NCCPlus Vietnam

NCC is a network of young and passionate software engineers connected together. The company is headquartered in Hanoi, Vietnam, founded in 2014 by four skilled and dynamic software engineers. They use their passion for development to provide the best Technology solutions.

With the combination of technology, know-how and excellent communication, the company will create complete projects for customers. NCCPlus has a passionate team and always tries to develop the best technology products for their customers.

6. Ecoios

Ekoios is a global software development company, focusing mainly on Blockchain Technology, AI and Mobile Application development. The company provides affordable solutions to startups and enterprises from all over the world from its base in Vietnam, a growing IT hub with a young, smart and dynamic workforce.

7. Synod

Founded in 2019, Synodus is a provider of IT consulting and software development services. From a small technology lab, Synodus has grown into a premium technology provider and has helped organizations and businesses around the world improve their performance and gain new competitive advantages over their competitors. 

Synodus team has over 5 years of experience with over 30 blockchain projects. The company can provide a variety of blockchain solutions from Consulting, to Design and User Experience, Blockchain Development, Implementation, Maintenance and Upgrade.

EDUTO – Leading Technology Partner in Vietnam

Established in 2020, EDUTO is one of the leading IT companies in Vietnam, specializing in providing digital transformation consulting services and software solutions in the fields of finance, healthcare and retail for domestic and international enterprises. With the desire to contribute to enhancing Vietnam's position on the global IT map, EDUTO aims to bring innovative technology to life by leveraging the technical workforce in Vietnam, and the vision of becoming a leading IT company in the ASEAN region.