Blockchain Growth and the Increasing Demand for Skilled Blockchain Professionals
The Blockchain is actually a digital system in which all the Cryptocurrency transactions involving Bitcoin and others are recorded and stored publicly and chronologically. The blockchain is, of course, a very useful invention, and it is continuously evolving into a greater and multipronged system with the passage time.
Blockchain development has emerged as the most in-demand skill for programmers in the recent years. With the number of companies increasing every year, Blockchain is gaining popularity in the field of business and finance. According to WEF, 10% of the world’s GDP will be Blockchain by the year 2025 and is expected to reach 13.96 billion in 2022 (growing at the pace of 42.3 percent compound annually).
Importance of blockchain:
Blockchain network is decentralized, and that is why it is not vulnerable to hacking. There are certain reasons to regard Blockchain as the future of online transactions.
- Security of transactions:
Enhanced security is one of the main reasons why people choose Blockchain. It is decentralized and stores data across the network eliminating all the risks that come with the centralized system in the process. Hackers usually look for some vulnerable points in the centralized system to exploit it.
Blockchain lacks those centralized vulnerability points, and hence it can’t be exploited by the hackers. So, all the data you store on the Blockchain is incorruptible.
- Protection of your intellectual property:
Due to the internet, you can reproduce and distribute the digital information. This is a goldmine for certain people providing them a lot of free content. But due to this trend, actual copyright holders are at a loss. They have no control over their intellectual property and suffer financially as a consequence.
By using Blockchain network, you can automate the sale of your digital content. This eliminates the risk of copying the content by the use of smart contracts online.
- Management of ID:
Today, we definitely need a better system for Identity management. The ability of a system to verify your identity correctly is the main point of secure online transactions. Development of a reliable digital identity system is a very complex process. In addition to the technical issues, the development of a digital system requires co-operation from governments of all the countries (and this makes the process even more complicated). Currently, SSL certificates are being used for online transactions.
Nowadays, certain companies (like IBM) are working to develop a decentralized digital identity system for Blockchain.
But blockchain technology is comparatively a new invention (invented in 2008 by Satoshi Nakamoto, the creator of bitcoin) and it still needs some improvements. There is a shortage of skilled professionals and creative minds in this field.
The Blockchain is still growing and it needs certain improvements. There are certain skills you can learn to find yourself a decent start in this field. However, this field lacks skilled professionals.
- Lack of trained professionals:
Lack of skillful persons is becoming the main concern of the industry. In the United States, the average pay of a Blockchain Developer is $79,985. Which is almost equal to the annual average wage in the US. If you want to be a Blockchain Developer too, there are specific skills you can learn to get a good start.
Useful skills include:
- Learning how to predict business outcomes
- Expertise in the distributed ledger
- Understanding how the platforms actually work
- Learning about the blockchain security
- Driving architecture patterns for Blockchain
And many more.
Join us today:
You must gain sufficient skills and be ready for the future! We offer certain training courses to help our clients keep up with the pace of the rapidly growing market. Luckily, you can JOIN US TODAY to avail our awesome Blockchain training program. You can master all the above-mentioned skills with our awesome programs.