Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.
“Everything will be tokenized and connected by a blockchain one day.”
– Fred Ehrsam
From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:
- messaging apps (like Telegram)
- hedge funds (Numeral)
- Voting (as in Follow My Vote)
- Internet Identity and DNS (as in IBM Verify Credentials)
- Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
- Ride Sharing (used by Arcade City)
- Internet advertisement
- Crypto exchanges
- Education and academics (as used in Learning Machine)
- Car leasing and sales
- Cloud storage, cloud computing, mesh networking
- Industrial IoT, forecasting, and real estate
- Blockchain marketing
Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.
Let us now see what actually Blockchain means.
What is Blockchain?
Blockchain is no new term for people involved in investments, banking, or cryptocurrency.
Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.
Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.
Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.
Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.
Reasons to get Blockchain Certified
The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.
Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.
You need to:
- Understand how blockchain technology works.
- Learn the skills related to blockchain.
- Collect useful resources and make their efficient use.
- Implement your knowledge in building decentralized applications.
1. Huge demand for blockchain professionals
Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.
2. Excellent salary and high job prospects
Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982. The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:
- Cryptocurrency Developer
- Cryptocurrency Analyst
- Cryptocurrency Trader
- Cryptocurrency Mining Technician
- Systems Engineer
- Bitcoin Full-Stack Developer
- Cloud Engineer
- Senior Software Engineer
3. Absolute Disruption in chain
Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.
4. Industries on Blockchain
Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.
Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.
Bottom line
Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.
Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.
To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.
Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.
Great initiative to train developers and encourage them to explore blockchain technology.