There are 6 Companies in Israel
that provide Blockchain Services!

Israel’s information and communication technology (ICT) developments were initially fueled by geopolitical needs. Defense-related research and development (R&D) had a significant impact on the start of Israel’s industrial sector, the higher education system in science and engineering, the research community, and the structure of the ICT industry workforce.

Throughout the years, Israel has become an ICT hub for developers in software, data communications, electro-optics, hardware design, and internet technologies, including cybersecurity software. High-technology industries include medical technology, biotechnology, agricultural technology, materials technology, and military technology, all of which use ICT in their final products

Why you should work with Israeli IT companies

There are more than 6,600 startups in Israel's small and connected economy, 14 times the concentration of startups per capita in Europe. And while Israel has just 0.1% of the world's population, the nation attracts 19% of global investment in cybersecurity, ranks number one globally in Research and Development expenditures per GDP, and attracts the highest rate of venture capital funding per capita in the world — some $674 per capita in 2018, according to a report by Start-Up Nation Central (SNC) and PwC Israel.

What to pay attention to when working with Israeli IT companies

Even though Israel is considered one of the leading countries where companies perform well in cybersecurity, business intelligence, and blockchain technology, the IT companies are lacking highly qualified professionals that can compete on the global IT market. This is mainly because most of the skilled IT professionals are being engaged in the government-controlled IT industry and develop web and software solutions for homeland security, according to ”Privacyshield”. 

For potential foreign clients, this means that private IT companies will not provide world-class level digital solutions and services for their projects in most cases. However, Tech Behemoths recommends performing deep research in finding the fit agency for your project needs. 

How reliable are Israelian IT companies

Having the US business model as a reference, Israelian companies are considered some of the most trusted on the global IT market. Even though not all companies perform the same in providing IT services and digital solutions for foreign clients, almost all Israeli companies follow the best international practices in project management and communication, according to „The Economist”

How does the Israeli IT industry relate to the neighboring countries

A well developed IT infrastructure that attracts many multinational corporations and IT companies is one of the advantages of Israel in the region. On the regional level, the Israelian IT industry competes tightly with the Egyptian one, as the two countries are close with the number of people enrolled in the IT industry and as well the number of companies providing IT services on the local market.

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.