Your Own Offshore Blockchain Development

Better than outsourcing or hiring offshore Blockchain developers โ€” build your own offshore development center with Alcor and get:

  • Silicon Valley-caliber team of 20+ senior developers in 3 monthsย 
  • Up to 40% cost savings compared to traditional outsourcersย 
  • No buy-out cost โ€” it’s your offshore Blockchain developers
  • Employer of Record service โ€“ our compliant employment solutionย 
  • No intermediary in Blockchain development management

    Your own offshore software team in a month

    We also offer a custom-built solution for your needs โ€” your own software R&D center


    Your Own Offshore Blockchain Development Team of

    5
    developers
    in a month
    20+ developers in 3 months
    100+ developers in 1 year

    Can an Offshore Provider Offer

    2.5 years

    average tenure of developers

    Cultural alignment

    with your company values

    Pricing transparency

    no hidden or buy-out fees

    Legal & compliance

    and other needed operational support

    Exceptional dedication

    itโ€™s literally your own team

    Long-term partnership

    shared responsibility & commitment

    Key Things about Offshoring Blockchain Development

    Why big tech offshore Blockchain development
    Top countries to offshore Blockchain development
    What is an offshore Blockchain development center?
    Comparison with alternatives

    Why big tech offshore Blockchain development

    Amazon, Google, IBM, and Microsoft have expanded into Latin America and Eastern Europe. This trend is global: in 2022, 65% of US tech companies outsourced their operations to EE, while 2023 saw US businesses increase their hiring in LATAM by 50%.ย  Offshoring tech development saves the day, and here is why:

    • Deficit of US talent to meet the demand. U.S. Bureau of Labor Statistics projects a shortage of 1.2 million software developers by 2026. With demand rising, 87% of tech executives see the talent gap as their top challenge.
    • Mounting expenses to hire US programmers. Between January 2018 and January 2024, the median base pay for software developers in the U.S. rose by 24%. Costs climb with expertise: hiring a tech C-level runs $238,000 to $288,000 annually.

    Big tech choose Latin America and Eastern Europe because of:

    • Abundant talent. LATAM 1.75 million and EE 1.5 million offshore tech developers potentially address the US talent gap.ย 
    • Affordable costs. Hiring and retaining an IT professional includes annual salaries, recruitment fees, payroll & tax, and benefits. In the United States, software engineers cost tech companies $131,000 to $186,000 annually, while in LATAM and Eastern Europe, average costs are $50,000 to $91,000 and $57,000 to $112,000, respectively. This difference alone cuts expenses by 1.8 to 2.2 timesโ€”and with reduced tax burdens in these regions, savings increase even further.
    • Acknowledged tech expertise. The most in-demand global spheres are cybersecurity, AI and machine learning, and data science. Latin American and Eastern European offshore tech programmers rank in Courseraโ€™s top for these skills.

    Top countries to offshore Blockchain development

    Letโ€™s take a closer look at the most prominent offshore tech development players in Latin America and Eastern Europe.ย 

    In LATAM:ย 

    • Mexico boasts the 2nd largest talent pool and proudly sits at 3rd place in UNESCOโ€™s AI Readiness Index, thanks to its government and Microsoft funding AI training for 5 million programmers.ย 
    • Argentina is a haven for fintech and e-commerce startups and is #1 in the region for English proficiency.ย 
    • Colombiaโ€™s JavaScript dominance undeniably solidifies its spot in the top 5 for fintech, e-commerce, and cloud.ย 
    • Chile comes in 1st for digital skills, drives AI, cloud, and insurtech, and has the 3rd largest regional IT workforce.ย 

    In Eastern Europe:

    • Poland leads with the largest talent pool of offshore tech developers and Europeโ€™s 7th most prominent tech market.ย 
    • Ukraine comes in 5th for tech skills, constantly pushing the envelope in DefenseTech and MedTech.ย 
    • Romania shines with its $21-billion ICT market and the 6th highest number of certified developers per 1,000 inhabitants globally.
    • Bulgaria excels in AI and cybersecurity, drawing attention with its competitive 10% personal and corporate income taxโ€”the lowest in the region.

    What is an offshore Blockchain development center?

    Alcorโ€™s development center with Blockchain-based expertise is a blend of three: tech recruitment, Employer of Record, and full operational support.ย 

    Tech recruitment builds you a team of top-10% software engineers in the market. Thanks to our 253K+ database of pre-vetted candidates and 40 expert recruiters, it takes only 8 CVs for one accepted offer and 2-6 weeks to gather a team of 5 Silicon Valley-caliber offshore tech programmers.

    Employer of Record removes the hassle of managing HR, payroll, and legal compliance on your own. Thereโ€™s more: you donโ€™t need to open a legal entity when expanding abroad. Instead, we at Alcor hire offshore tech developers, and you enjoy a top-tier in-house team.

    Full operational support provides you with a full-fledged offshore tech development office overseas. Office rent, equipment procurement, insurance provision, and IT supportโ€”all taken care of!

    Comparison with alternatives

    In outsourcing or outstaffing, you get junior or middle-level talent, low loyalty, communication via a third party, and exorbitant fees. Alternatively, you can build an offshore software development team on your own, but conquering a local market with legal and tax differences is no mean feat.

    Alcor steps in with expert knowledge in offshore business expansion. Instead of leaving you high and dry in an unfamiliar market, we navigate the complexities of tech recruitment, taxation, and legislation for you. Add in Employer of Record services and full operational support, and an offshore tech development team is at your disposal without opening a legal entity.

    Alcorโ€™s software R&D accelerator is an all-in-one solution to expand into Latin America or Eastern Europe and access top-10% tech talent at a fraction of the cost. Itโ€™s long-term, scalable, under your control, and without markups.

    Your Own Offshore Blockchain Team is Better than Third-party

    Alcor is an all-in-one place to establish and run a turnkey software R&D center:

    • Employer of Record support โ€” no need to set up your legal entity
    • From 0 to 100+ software developers in one key talent pool
    • Establish your corporate culture with your own team. โ€จNo intermediary
    • No buy-out or other hidden fees
    Book a call

    Offshore Software Development vs Own R&D Center

    Offshoring software development

    1. Cloudy pricing With outsourcers, the markup for your vendorโ€™s service might exceed a Blockchain developerโ€™s salary by 50%.
    2. Temporary fix Offshore development teams are loyal as long as the contract lasts and wonโ€™t go the extra mile to ensure your productโ€™s long-term success.
    3. Your provider comes first An external Blockchain development team will report only to your vendor, treating you as the โ€œsecondaryโ€ employer.
    4. IP rights transfer complexities When you engage a offshore development service company, the IP rights of your product initially belong to the outsourcing team. So think ahead about the safe transferring of them to you later.
    5. Barrier to investment attraction Engaging with a offshore development partner means that you delegate your core competencies to developers who will leave your team for good. Not exactly the investorโ€™s dream.

    Software Development Center

    1. Maximized cost savings Your own software R&D team costs 40% less than an outsourced team. Because you get no buy-out fees & markups.
    2. Long-term commitment Product development and a sense of ownership attract professional developers as bees to honey. Hence, more loyalty.
    3. Direct control over development You get your team of offshore Blockchain developers for ideation, innovation, and growthโ€”without intermediaries.
    4. Intellectual property under control With direct agreements, you fully own your product and its source code, keeping unique engineering expertise in-house.
    5. Easy investment attraction Establishing your own R&D center with a dedicated team will enhance your appeal to investors.

    Companies Scaling with Alcor

    Alcor is a reliable partner that meets our hiring needs. We finally hired experienced software engineers in Eastern Europe with strong tech skills and business acumen. Account Managers are awesome!

    Andrii Akselrod CTO People.ai

    With Alcor’s all-in-one solution, we got a software R&D office with 15 senior PHP devs and a compliant operational coverage. I really appreciated their transparent pricing structure and deep expertise.

    Boris Glants CTO Tonic Health

    We interviewed a lot of EoR platforms and companies, but Alcor was the only one that provides a combo package of EoR and Recruting offerings. Alcor helped us build a full stack team in 1.5 month.

    Dmitrii Iermiichuk Head of Engineering Gotransverse

    We wanted to switch from our outsourcing provider, and Alcor has become really game-changing for us. Within a mere 6 months, we got a fully-fledged team of 30 engineers in our own R&D office.

    Elena Leonova Director of Product Management Bigะกommerce

    Alcorโ€™s R&D solution eclipses full-cycle recruitment, EOR service, and operational support for our offshore team. Their ‘all-in-one place’ approach is far more cost-effective than I could’ve imagined.

    Farhad Shamshirzan
    Farhad Shamshirzan Director of Software Engineering Certent

    I value their commitment to going the extra mile. We evolved from an outstaff project into an independent company, and Alcor’s support was crucial. They hired and ondoarded 15+ professionals for us.

    Grigoriy Didorenko Research and Development Director BIScience

    Thanks to Alcor, we hired four engineers and a designer that strengthened our team. Beside stellar recruitment, Alcor flawlessly handled our payroll. Their approach was seamless and swift.

    Kirill Latish Head of Engineering & Communications Velory

    Alcor closed our 4 QA positions in a month and more than doubled the team in a year! We chose Alcor because of their communication style, cost, scope of services, and ideas to help us be successful.

    Vitalii Belelia Production Management & App Support Manager Ledger

    FAQ

    1. Is it cheaper to offshore Blockchain development?

    Yes, and with Alcor, you can save from 30% to 70% while scaling your company at the same time. Hereโ€™s what makes it possible: the difference in salaries & taxes and the 360-degree Alcorโ€™s dedicated offshore Blockchain development center model.

    In the US, a senior software developer earns up to $180,000 a year, while Latin American and Eastern European software engineering experts make $42,500 and $83,500, respectively. The regional taxation policies also offer tax reduction policies โ€” like in Mexico, Colombia, and Argentina โ€” and lower tax rates. Lastly, Alcorโ€™s approach goes beyond finding coders. We get you a team thatโ€™s yours from day one โ€” cut costs by not paying buy-out fees!

    2. What are the benefits of building an offshore Blockchain development center with Alcor?

    Alcor is not just a regular provider of remote offshore Blockchain developers. Weโ€™re much more: your tech recruitment and EOR in one place! Our Employer of Record solution takes your mind off accounting & payroll, taxes, and legal matters, plus 100% compliance and our shared experience in navigating new labor markets. With tech recruitment, you get offshore Blockchain developers for hire according to your requirements: 15% of Alcorโ€™s vacancies are closed from the first CV, so you wonโ€™t wait long.

    If you want to pump it up, opt for our R&D offshore Blockchain development services: full operational support, office lease, and equipment procurement. All that comes with the guarantee to hire from 0 to 100 programmers in a year and a 3-month warranty for free candidate substitution. Worried weโ€™d miss the deadlines? We hire free of charge in that case!

    3. How fast can Alcor build an offshore Blockchain development company?ย 

    We pride ourselves on expeditious recruitment โ€” stellar quality within tight timeframes. Alcorโ€™s average time to close a vacancy for an offshore Blockchain development company is 2-6 weeks. In just 1 day of our cooperation, youโ€™ll get blind CVS. In the next 5 days, weโ€™ll start sending you engineersโ€™ pre-vetted CVs. Then, we promise 5 offshore Blockchain programmers for hire within a month and 100 within a year.

    4. Can you headhunt C-level management?

    Thatโ€™s an ace up our sleeve. Weโ€™ve amassed 8 years of experience on the tech market and have access to an internal network of hundreds of thousands of candidates! Thatโ€™s why, C-level management positions, such as CTO, CIO, CMO, CFO, and others, come to our recruiters as easy as pie. Our clients attest to it: we hired the Head of R&D for Sift, an online fraud detection application development firm, from the second CV. Other successful cases include the Director of Engineering for Dotmatics and the Deployment Lead for Ledger.ย 

    5. What about payroll, accounting, and office lease?

    If you hire offshore Blockchain developers with Alcor, thereโ€™s no need to establish your legal entity in a target location. With our comprehensive EoR support, we take care of all the nuts and bolts for your offshore Blockchain development team. It includes the employment of software engineers, monthly payroll management, tax payments, compliance with all local laws, and even more. With our turnkey solution, you can be assured โ€” we guarantee 100% compliance while handling all the paperwork.

    Finally, if you want to pump it up, opt for our R&D services with full operational support, office lease, and equipment procurement.

    6. What else does Alcorโ€™s offshore Blockchain center include?

    On top of an R&D office with full operational support at its highest? Depends on your request!

    Let us tell you about Dotmatics, a US scientific software company with a goal to hire offshore Blockchain developers, 30+ within a year. The tech stack varied: Node.js, Java, React, JavaScript, AWS, Cypress. We filled most roles with the 1st candidate, and not only that โ€” we presented such a top-tier Back-End Developer that he joined the team as a Full Stack Java Engineer. Result? 30 skilled devs in a fully compliant R&D with back-office support in a year!

    Bonus: we even help devise stock option plans for your new employees, just as we did for ThredUP and Sift.

    Alcor shines bright among other offshore Blockchain development providers, and our clients confirm that: in 2023, we got 100% client retention rate. Coming from industries like cryptocurrency, online fraud detection, machine learning software, etc., they agree on one thing โ€” Alcorโ€™s service is wow. Weโ€™ve worked with Sift, Ledger, People.ai, Tonic Health, and counting. Youโ€™re welcome to join!