Career in Blockchain? Here’s How to Start

What Is Blockchain?

Blockchain is the underlying technology behind bitcoin or any other cryptocurrency. Blockchain is basically a cluster of computers where data is exchanged directly without any central server. The computers communicate with each other in a single network, where any kind of transaction done by one computer gets recorded in The Ledger, which is common for all the computers. The transactions are stored in a chronological order and cannot be deleted or altered. The whole architecture or the design of the technology is such that it is almost tamper proof. It's a peer-to-peer network and extremely secure.

CBDC (Central bank Digital Currency) is another great opportunity where more than 110 countries are collaborating. Many start-ups and multi-national companies have started working on these new trends.

“A blockchain is an immutable time-stamped series record of data that is distributed and managed by cluster of computers.”

*Disinter media: Removing intermediate partner from business transactions

 

Blockchain Frameworks:

Let’s look at a few popular and widely used blockchain development frameworks:

 

 Ethereum

• Ethereum is a decentralized, open-source blockchain with smart contract functionality.
• It is a community-run technology powering cryptocurrency, ether (ETH) and thousands of decentralized applications.

 

Quorum

• Quorum is an Ethereum-based distributed ledger protocol for Financial Services Industry with a permissioned implementation of Ethereum.
• Quorum supports transaction and contract privacy.

 

 Hyperledger

• Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies.

• It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing, and technology.

 

C-rda

• Corda is actively developed by R3 and over 200 technology and industry partners.
• It is a distributed ledger platform for permissioned networks, inspired by blockchain technology, specially designed for financial services use cases.

 

Scope of blockchain technology:

Career Paths in Blockchain
Blockchain is still in an embryonic stage and is set to evolve in the coming years. Since the technology is still undiscovered by many, there is lesser competition in the field in terms of job opportunities. Did you know that there is an opportunity for every role in Blockchain just as we have traditional software/IT careers?

 

Here is a list of few job roles in Blockchain:

• Blockchain Developer
• Blockchain Engineer
• Blockchain Project Manager
• Smart Contract Developer
• Blockchain Quality Engineer
• Blockchain security Engineer
• Blockchain Legal Consultant
• Blockchain Solutions Architect
• Blockchain Business consultant

 

Other career options in Blockchain are accountants, public relations, crypto brokers, analysts, and crypto marketers. Right now, could be the best time to dive into the depths of blockchain technology and learn as much as possible before competition intensifies.

Anyone whether they are a developer, architect, project manager, sales lead, security consultant, or Infrastructure engineer can learn blockchain and start a career in Blockchain.

 

How to start a career in blockchain?

To start your career in the blockchain industry, here are some steps that will give you a kickstart:

• Learn Blockchain Basics
• Take part in online training sessions (Live)
• Be a part of Blockchain Conferences and events
• Build skills in cryptography
• Develop an understanding of the required programming language
• Know about distributed computing and application
• Stay connected with the Blockchain community
• Get Blockchain training & certification

 

You can learn blockchain online from the Indian Blockchain Institute.  People having Blockchain Certifications or those who have pursued the best Blockchain courses are preferred by top companies.

In the next five years blockchain is expected to become a mainstream technology, just like Cloud. There are tremendous opportunities in Blockchain technology in digital transformation and building new business models with tokens, decentralization, and a trusted ecosystem. I always believe that Blockchain could be useful wherever trust, transparency, and efficiency are required in any business transactions. It could be anything from education records, supply chain, trade finance, and Payments, to climate change, e-governance, agriculture etc.

 

Reference: 6 years of my Blockchain Journey

https://www.linkedin.com/pulse/6-years-my-blockchain-journey-how-far-we-come-along-adoption-nagware  

Written By Kamlesh Nagware and Anju Kuril, Snapper Future Tech