There are 4 Companies in Bosnia and Herzegovina
that provide Blockchain Services!

Bosnia’s possible entrance into the EU will be a key driver of ICT growth, facilitating increased trade between European markets. Over the next years, the process of EU convergence, which still has far to go, will drive spending on IT projects. Funds such as the EU Cohesion fund are already providing funding for IT projects related to modernization initiatives in both public and business segments. As the government remains the major investor in ICT in Bosnia

The combined government sector also remains the largest spender on IT products and services, unsurprising bearing in mind that the state still owns a wide range of companies across sectors like transport, telecoms, oil and gas, and insurance. Despite all the difficulties, the ICT sector in Bosnia is one of the best sectors of the Bosnian economy, especially since a large part of it is focused on exports. The ICT sector in Bosnia has annual revenues of around 1,9M Euros.

Why working with Bosnian IT companies

IT companies from Bosnia are relatively new to the market and rely on the already existing infrastructure when providing web & software services and solutions to the local and international markets. Bosnian IT companies managed to implement the newest IT standards and are specialized in the subsector of software development more than the web, and cloud computing. 

The choice is based on local market demand, as 35% of products and services provided by Bosnian IT companies are sold to the government and implemented in the local public sector, which is supposed to increase the digitalization rate of the country overall. Nonetheless, some other 65% of IT services are designed for regional export and are considered a part of the regional IT backbone in the western Balkans. 

What to pay attention to when working with Bosnian IT companies

It is important to know that most Bosnian IT companies were at the startup phase in 2015, and this makes them new and probably inexperienced in providing competitive services on the global IT market. However, working with Bosnian IT companies may be an interesting experience after all. 

How reliable are Bosnian IT companies

Bosnian IT companies are at an early stage of creating their reputation on the global market. Since not so many IT companies located in  Bosnia managed to highlight their performance, it is challenging to relate to how reliable they are.  But taking into account that in the XXI century all companies have a chance to create a name for themselves, most probably Bosnian IT companies will manage to break the ice, and why not - make out of their country an important regional IT hub. 

How well does the Bosnian IT industry relate to the neighboring countries?

On the regional background, the Bosnian IT industry is neither a shiny country nor an underdeveloped IT environment. But is one of the promising destinations for international clients and foreign companies ready to invest or work with Bosnian IT companies and bring the entire region closer to what the Western-European IT industry is.

Blockchain Service gives companies the ability to develop, host, and utilize their own blockchain apps, smart contracts, and other features on the blockchain infrastructure built by a vendor via cloud-based solutions.

Blockchain is one of the most rapidly evolving IT technologies. As of 2021, 2.8% of the world's population uses blockchain, with 80,025,125 wallet users, according to the Buy Bitcoin Worldwide report.

Blockchain boosts business competitiveness without investing in research, planning, or infrastructure and the advantages to choose blockchain service providers for your company are: 

• Improved safety
• Increased accountability
• Real-time tracking
• Automation
• Enhanced productivity

It's not simple to pick the best blockchain service providers to deal with. There are several things to think about:

• Location
• Price
• Team size
• Previous experience
• Turnover time
• Communication means

Blockchain technology solves urgent problems in a variety of industries, including healthcare, logistics, manufacturing, and information technology. Businesses across a range of sectors may undergo substantial transformations by combining blockchain with disruptive technologies like AI, Big Data, and Cloud.

There are almost 1000 blockchain service providers on our platform which offer a wide variety of solutions that will enhance your ecosystem's scalability, security, and transparency. Explore their profiles and feel free to get in touch with them.

Also, if you want to become a reliable Blockchain Developer and learn more about blockchain technology, TechBehemoths has a complete guide on how to become a service provider.