The blockchain technology market in Malaysia is worth $17.57 billion now, and it’s going to be worth $469.49 billion by 2030.

Because Blockchain apps have been popular for a while now, that shouldn’t be a surprise. A study from Grand View Research says the market for blockchain technology will be worth $394.60 billion around the world.

Business owners are also putting money into blockchain app development Malaysia to improve safety and security in a variety of business processes.

As blockchain becomes more well-known, people often want the blockchain app development cost in Malaysia. Let’s look at the blockchain development options cost in this blog!

 

What is Blockchain App Development Cost in Malaysia?

Let me give you a quick idea of what the prices will be. The blockchain app development cost in Malaysia ranges from $10,000 to $25,000, or even more if there are a lot of complicated factors that we’ll talk about later in the blog.

The general blockchain app development cost in Malaysia is affected by things like the app’s area, its UI/UX design, the release of the initial coin offering (ICO), the proof of concept, and so on.

The percentages of the total cost that should be spent on each part of your job are shown below as per blockchain app development services provider:

 

App Complexity	Cost Estimation
Simple Blockchain App	$10000-$14000
Medium Blockchain App	$15000-$21000
Complex Blockchain App	$25000

Factors Affecting The Blockchain App Development Cost in Malaysia

Building a blockchain app includes many things that have a big effect on the total cost. Understanding the factors that affect the blockchain app development cost in Malaysia is important for figuring out the exact cost and completing the job successfully.

 

1. Industry of the Application

Well, the business the app is for is the first and most important thing that affects blockchain app development cost in Malaysia.

Costs have been affected by many factors that are different from one area to the next. These include how complex the dApp is, how many stakeholders are using it at any given time, and, among other things, the needs of the business.

 

2. Complexity of the Project

There are several things that need to be thought about in order to fully describe the level of difficulty of a Blockchain mobile app. The first thing you need to think about is what the app is meant to do.

You should have a pretty good idea of what problems end users are having, what answers are already out there, why you should spend money making blockchain apps, and how your app can provide better services.

 

3. Continuous Integration

You should have a blockchain app development company write and check their code in an open code repository to make sure it works with everyone else’s. It is very important to run a quality software workflow. A machine is the best way to make sure of this.

 

Why Choose Us for Blockchain App Development Project in Malaysia?

Blockchain is a powerful technology that is used by many to make autonomous apps. Peer-to-peer networks based on blockchain are faster, safer, more open, and cheaper because they don’t need organized officials or third parties.

Blockchain is being used by more and more companies to improve their services and products. Therefore, if you want to make your own blockchain-based app, Dev Technosys has blockchain app developers that you can hire instead of putting together your own blockchain application development company in Malaysia.

 

 

Frequently Asked Questions

 

1. How Much Does It Cost To Hire Blockchain App developers?

This is a difficult question to answer, as many factors can affect the cost to hire blockchain developers. Generally, you can expect to pay somewhere between $15 and $25 per hour for a blockchain developer.

 

2. How Long Does It Take To Build a Blockchain App?

The time to build a blockchain app will be between 2-7 months or more. It typically increases or decreases on the basis of different factors like complexity, features, blockchain development platform type etc.

 

3. How Much Does It Cost To Make A Blockchain App?

The cost to create a blockchain app varies depending on your project requirements. Usually, it lies between $10000-$25000 or go beyond as per different factors.