Blockchain is an emerging career stream where one can have the flexibility to work remotely from home and earn high salaries compared to other jobs.
Blockchain technology first came into limelight in 1991 when two young scientists Stuart Haber and W. Scott Stornetta came up with this unique idea of a decentralized distributed ledger system that uses digital currencies and is not governed by any central authority. Later in 2009, a man named Satoshi Nakamoto introduced Bitcoin, a digital currency, which revolutionized blockchain and it emerged as a new-age digital technology in the world industry.
Since its inception, blockchain technology has undergone a radical change and many industries like healthcare, supply chain, cybersecurity, financial institutions, logistics, education, etc. have been adopting this technology for their businesses.
In India, a few years back, blockchain technology was still at its infancy and people were unknown of its actual potential. However, since the Reserve Bank of India (RBI) lifted its controversial ban on cryptocurrency trading in March 2020, companies are optimistic that this will change the future of blockchain in the country.
Big companies, startup businesses, tech firms, and government organisations like banks and healthcare are in the continuous lookout for skilled professionals. Needless to say, the incentives are quite high and there are plenty of opportunities in this field.
Blockchain is an emerging career stream where one can have the flexibility to work remotely from home and earn high salaries compared to other jobs. So, are you enthusiastic about an off-beat career? Here is an easy guide.
Blockchain is a skill-oriented job. Along with technical skills, one must possess a keen sense of business acumen to flourish in this industry. Here are a few basic skills for a blockchain enthusiast.
• A degree in computer science or a relevant stream. Candidates may join online certification courses and learn about the concepts of blockchain technology.
•Familiar with software development and information technology.
• Technical skills and knowledge in decentralized applications development, smart contracts, peer-to-peer (P2P), data structure, Hyperledger, open-source, etc.
• Knowledge in advanced cryptography, hash functions, and whitepapers.
• Ability to handle large databases and algorithms.
• Familiar with multiple blockchain platforms like Ethereum, EOS, NEO, Ripple, Hyperledger Fabric, R3 Corda, etc.
• A strong understanding of business logic and the know-how to implement blockchain technology for the overall growth and development of the business.
• Participate actively in blockchain communities and discussions and gain valuable insight into blockchain technology.
• Well-versed with the latest blockchain news and industry trends.
Career Scope in Blockchain Technology
The blockchain industry is evolving and there is a host of new job opportunities in this field. For techies who do not want to follow the conventional path, here are a few career options.
• Blockchain Interns
Blockchain interns apply for entry-level positions in the company. For a starter, it gives you the hands-on knowledge and an opportunity to learn and understand the concepts of the blockchain network. Key job responsibilities include developing and designing open-source blockchain networks, understanding and maintaining distributed ledger systems, and handling other business operations. An intern must possess technical skills and knowledge about programming languages.
• Blockchain Developers
• Blockchain Quality Engineers
A blockchain quality engineer is responsible for maintaining the quality of operations in the blockchain network. He uses several blockchain tools and devices and through automated framework testing and manual testing maintains the standard network speed and eradicates any loopholes in the ecosystem.
• Blockchain Project Managers
A project manager handles all the blockchain projects in the company and is responsible for the proper execution and delivery of the project right from the beginning till the end. He must have good managerial skills and should be able to communicate with both technical and non-technical staff and other stakeholders of the company. He allocates budget and streamlines resources and updates the higher authority about the progress of the projects.
• Blockchain Legal Consultants
Blockchain legal consultants play a key role in the organisation and provide legal consultation to the company. They advise the company in building smart contracts and investing money on ICOs (Initial Coin Offerings) and keep them updated with the regulations and government impositions governing the blockchain market.
• Blockchain Designers
Blockchain designers are individuals who design attractive websites and web pages where companies can make their offerings to the customers. Designers must be creative and have in-depth knowledge in designing tools like UI (user interface), Illustrator, CSS, HTML, sketches, photoshop, etc.
• Cryptocurrency Miners
Cryptocurrency miners are salespersons who mine and trade digital coins like Bitcoin and Ethereum on behalf of the company or clients and facilitate transactions in the mining platforms. They should have good communication skills and knowledge of cryptocurrency trading and other mining functions.
Blockchain technology is a growing industry and is the future of the digital economy. The distributed ledger system and smart contracts offer anonymity and transparency to its stakeholders, provides security to transactions and allows cross-border payments in multiple currencies. The benefits of blockchain technology are far-reaching and companies are thinking of innovative ways to implement this technology in their businesses and need skilled professionals. So, there is no doubt that there will be an increase in demand for blockchain professionals in the future.
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