Blockchain Expertise is the fastest-growing skill according to the Latest skills index.
BlockChain is much more than crypto-currencies, it has the power to secure democratic process, ensure secure monetary transactions and revolutionizing supply chain management. Mastering this technology can be a game-changer for your career.
The introduction of bitcoin and its underlying technology Block Chain has revolutionized the Finance and banking sectors especially.
Then Ethereum (the world’s first programmable block chain) came into existence creating scope for developers all over the world for building innovative applications. So the craze and hype over Blockchain are rapidly escalating making it the hottest skill of today.
Bitcoin, Ethereum and EOS are the most popular Blockchain networks.
What is Block Chain technology?
It is a revolutionary technology commonly called the backbone of digital Crypto-currencies. It maintains the record of all exchanges, transactions, contracts that have been executed across computer networks globally.
Blockchain is a decentralized distributed database that contains blocks of digital information stored in a public database called the chain using cryptography in chronological order. It is immutable or append-only which implies only new information can be added, recorded or sealed information can’t be altered.
Who are Block Chain Developers?
They are the tech professionals working on Block Chain technology and are responsible for optimizing and designing blockchain protocols, building smart contracts and web apps, creating blockchain architectural systems.
Types of Block chain development
- Back-end Developers.
- Block Chain specific.
- Smart Contract Engineers.
Required Education and Eligibility
- Complete 10+2 in Math, Physics and Chemistry (MPC) stream with a minimum of 50%.
- Qualify relevant entrance exams like JEE and EAMCET to get enrolled in a Bachelors degree.
- Pursue bachelor and masters degrees in Computer sciences or Information technology from accredited institutes.
- Opt for online or offline programs like training, tutorials, journals, sessions etc to get an understanding and exposure to blockchain technology.
- Undertake relevant certifications like IBM Blockchain Certification, Certified Blockchain Solution Architect (CBSA) etc that provide great career opportunities in Block Chain development.
- Main Online courses available:
- PG Certification in Blockchain
- PG Diploma in Software Development (Blockchain Specialization)
- Executive Program for Blockchain Technology Management
Core Skills required
The following are some of the technical skills aspiring blockchain developers have to be proficient in:
- Programming languages like Java, C++, and Python etc.
- Data Structures like binary trees, linked lists, heaps, hashes, graphs etc.
- Databases, Web Development and Networking for understanding the important concepts of BlockChain.
- Cryptography concepts like hash functions, digital signatures, RSA Algorithms etc is required.
- Required knowledge of Blockchain Architecture for understanding concepts of Consensus and Distributed Ledger technology etc.
- Crypto economics is the study of cryptocurrencies and bitcoins.
- Knowledge of Ethereum and DApps (Smart Contracts and Distributed Applications).
- Solidity (high-level language influenced by Java Script) and Simplicity languages specifically designed for the development of blockchain.
Block Chain Applications in Industries
- Supply Chain Management.
- Cyber Security.
- Voting
- Financial Services.
- Health care and
- Real estate.
- Weapons Tracking.
Career Opportunities in Block Chain
Block chain is a relatively new technology with various career options available such as:
- Core Block Chain Developer.
- Block Chain Application Developer.
- Block Chain Project Manager.
- Block Chain Quality Engineer.
- Block Chain Legal Consultants.
- Block Chain UX Designer.
- Software developer of Block Chain.
Employment Sector
The potential employers are four important players of crypto job market who are:
- Industries that want to keep up with technology like banks, insurance, retailers etc.
- Start ups.
- Tech Firms.
- Governments
Top Recruiting companies
Companies are recruiting Block chain developers to modify and advance their current systems and move ahead in the industry.
- IBM
- Accenture
- Applied Block Chain
- Capgemini
- Peer Nova.
Top Block Chain development companies
- Somish
- Software Mill.
- Solu Lab.
- Venture Aviator.
- Leeway Hertz.
Salary and Career Prospects
Major demand for blockchain is witnessed in India in areas of banking, Insurance, Logistics and Public Administration. India Chain which is NITI Aayog’s pilot project in BlockChain technology was developed to create more job opportunities in this field.
In India, the salary of this developer range from INR 5-30 LPA.
This career falls under software developers as said by the Bureau of Labor statistics. The median annual wage of software developers in 2018 was $ 103,620 and a growth rate of 21% was projected from 2018-2028.
The global market of blockchain technology is expected to grow at $20 billion by 2025 making it one of the top emerging technology fields in the current IT world.
– Samiya Firdous
