Blockchain is considered to be one of the massive technologies in the current market for the past few years. The blockchain technologies have been utilized in different streams. Some of them are banking, insurance, and many technology companies. As per the report from linked-in, blockchain professionals were at the top of the list of most in-demand jobs in 2019. Since this is used very effectively in advancing decentralized innovation in the financial sector, known as Decentralized Finance ( Defi )
Though the technology is at the beginning stage, people with a various technical background and technical skills are very attracted towards blockchain technology and they have started to start building a career by understanding the technical aspects and finding an area to contribute their knowledge .be in open-software, blockchain architecture and working on new protocols.
Blockchain technology is the most trustworthy technology for a value network, and the cryptographic content such as encryption algorithms and signature digests are run through each link of the blockchain technology to achieve trusted accounting, controllable permissions, traceable sources, support for trusted transactions, smart contracts and many other applications. For example, blockchain technology can be used for social media platforms based on distributed platforms, where rewards are paid to content creators, which is conducive to traceability of copyright transactions. The technology has brought many new opportunities and benefit the business through greater transparency, easier traceability, and enhanced security.
This technology has been greatly evolved since the introduction of bitcoin in 2008, the first decentralized peer-to-peer electronic cash system. Today, innovators are very clear about the befits behind bitcoin. Many sectors like medicine to finance, are looking for a way to integrate blockchain into their infrastructures.
Ethereum is the second-largest cryptocurrency platform in the market capitalization, behind bitcoin. This used as the platform for nearly 2,60,000 different cryptocurrencies, which includes 47 out of the top 100 cryptocurrencies by market capitalization.
Ethereum is under the process of developing and it is planned to implement a series of upgrades called Ethereum 2.0. This specification includes a transition to proof of stake and an increase in transactions throughout using sharding technologies.
FedEx is the world’s biggest logistics management companies which nearly handles billions of dollars worth of cargo every year. It is the first big shipping giant to incorporate blockchain management in its supply chain technology. They even planned to extend the functionality in all shipments.
Finance is also one of the most suitable fields for blockchain. Even many enterprises will increase the requirements of blockchain technology to provide visible and appreciable value-added. Many companies like Microsoft, IBM, Burger King Russia use this technology to develop traceability across most countries and regions.
