Blockchain is now a common jargon mostly related to cryptocurrencies like Bitcoin and Ethereum. It is one of the fastest-growing technology in the present world and most of the large tech companies have already been invested billions in it. Firms in banking, insurance and fintech are providing numerous blockchain solutions. As per a report on LinkedIn in 2019, Blockchain professionals were at the top for most-in-demand jobs.’
COVID-19 pandemic has already initiated the development and deployment of most modern technologies. Numerous Start-Ups, Fin techs and logistics companies are using this technology in their day to day operations. One of the most demanding application of Blockchain is in Cryptocurrency. Crypto ecosystem had been flourishing in countries like Singapore, where new-age banking services are pushing the deployment of Blockchain technology.
Since this is a new technology, the opportunities in this technology are still unknown to many job seekers. Technical backgrounds and coding skills are necessary to make a career in Blockchain.
Some companies are relying on Ethereum technology while others rely on private blockchains. If one interested in Blockchain, then they can learn Solidity, a high- level language for implementing smart contracts. Ethereum is going to launch programs and smart contracts written in Vyper; a Python language. Learning smart contracts, algorithms and data structure is important to have a foothold in Blockchain.
In Financial institutions, the data is not open to the outside world and there most important skill needed is in Hyperledger Fabric. Hyperledger Fabric is an open-source Blockchain platform developed by Linux foundation. Tech companies like Huawei, Tencent, Oracle, IBM and Salesforce are investing their resources and efforts in Blockchain and offering it as a service tool. Some enterprises have their own Blockchain training modules and training will be provided to the developers.
A Blockchain developer can get positions like blockchain network architect, blockchain security analyst, blockchain project manager etc. Start-Ups are also dealing with the developments in Blockchain and Cryptocurrency. Professionals in this technology can make anywhere between $80,000 – $150,000 on the global market. Post COVID-19 will see the emergence of the digital era and new technologies. Because of its Decentralized and Immutable nature Blockchain will also see tremendous growth in the coming years.