Haven’t you heard, the globe
is undergoing a surging demand for blockchain and crypto jobs? The blockchain
industry continues to see a revolution of this technology all over the world.
And now we see the phenomenon changing in the blockchain market since its
advent a decade back. Vocations ranging from web development to business
development, from allocating financial resources to creative roles such as UX
continues to see an upsurge as the industry now looks forward getting to the
next phase of development.
Previously, the
blockchain space was driven mostly by startups, however, today larger companies
have emerged in the ballgame. FedEX, IBM, Walmart, Microsoft, Mastercard, Bank
of America, and Huawei Technologies are few of the companies said to have
already adopted blockchain technology.
But
what constitutes the blockchain market?
Currently, this new age
technology is probably one of the industry’s favorite topic today. Everybody
keeps talking about how this technology disrupts several industries and how it
is conquering the job market. It isn’t a surprise for those who even haven’t
heard the word are now taking about it. To be precise, this disruptive
technology is in a pursuit to transform every industry, and if you’re not in
the circle – you better loop in yourself.
In simple terms,
blockchain is a manner of storing data that cannot be tampered and knowing who
owns what.
When a transaction
takes place, a network that consists of a number of a digital and accessible
database helps in keeping track of the transactions. As another individual does
a transaction within the network, the number of computer network combines their
power and using cryptography this data is being validated.
Once the transaction is
over, it is then stored in a digital ledger permanently. And for ensuring that
the blockchain is secured, the ledger with the data is distributed across the
network to avoid hacking or tampering.
Earlier, Bitcoin and
cryptocurrency enthusiasts were the only ones who were interested in learning
this new age technology. Well, we cannot blame them either. Back then the
technology was adopted by enthusiast who were tech utopian. Today, it is
totally a different game altogether. Due to its versatile nature, the blockchain technology is now widely
accepted at different application areas across the industry. Not just the
finance and banking sector is extensively making use of blockchain, but even
sectors such as the real estate, the government, legal industry, and even the e-commerce
industry have started adopting to blockchain technology.
Now
is the best time to invest in Blockchain
Ever since the
emergence of Bitcoin in 2008, the underlying technology has grown
exponentially. Statistics from Statista predicts that the global blockchain
revenue will rise towards a growth rate of over $23.3 billion by 2023. Given
the widespread of its technology potential in the business interest, this
disruptive technology has actually become an industry under its own rights.
Hopping on to a career
role that is in-demand today will most likely give you an edge in the current
job market. The rise of this technology has proved itself as a game changer, no
wonder there has been an explosion in the blockchain apps that is said to have
poised the status quo.
Blockchain
skills that will facilitate your Blockchain career
Programming
skills
Like any programming
job role, individuals require to have basic understanding and working knowledge
with web stack like HTML, CSS, Angular, Node.js. Programming languages such as
Solidity and Serpent are required if you’re looking to build smart contracts.
Solid
understanding of Cryptography
One needs to have solid
knowledge and understanding about how cryptography works since both blockchain
and cryptography go hand in hand.
Data
Structures
In-depth knowledge of
data structures is important. Being a blockchain developer, onemust work around
existing data structures such as petrecia trees and merkle trees.
Development
of Smart Contracts
Since the release of
Ethereum, smart contracts have been a huge thing in blockchain technology. For
this you need to have extensive knowledge in languages such as Solidity, Viper,
and Chaincode.
Blockchain
Architect
You must have heard
about hash functions, consensus and distributed ledger technology, well such
concepts must be at the tip of your fingers. Knowing your way around blockchain
the way it functions and its architecture is an added benefit.
Jobs in blockchain and
Bitcoin is booming in the industry today, besides job opportunities employers
are also willing to pay talents in blockchain a good amount of salary compensation.
Glassdoor study showed that the demand increased around 300% in 2017. And
despite having doubts in the crypto market blockchain still predicts having a
great future ahead. An added advantage, professionals with blockchain skills
are deemed as hot commodity in the tech market today.
One of the major factor
why techies are getting paid with higher salary packages is due to the fact
that the demand for such professionals are in constant growth in cities such as
New York and San Francisco – best cities to land an IT career. Apart from these
cities San Jose, Seattle, Boston, LA, and great cities for one to start off
their career in blockchain technology.
As a result, the need
for blockchain
certification can never get better than now,
especially for employers looking to hire techies with such exquisite skillset.
In addition to this, blockchain employers are in search for developers and
professionals with additional skills such as IoT, Java, C++, Golang, and those
with extensive knowledge in cryptographic algorithms. There are universities
and programs that are teaching Solidity, but like we all know there’s more than
just Solidity. A solid understanding of how the current industry works is
crucial and gaining a certification leverages the candidate’s chances of
learning the latest technologies that most industries are looking to hire for.
Getting involved in
this disruptive technology will eradicate the long-term gains, are you all set
for the revolution?
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