Opportunities That Come Your Way While Choosing Blockchain As your Career
Blockchain is one of the fastest-growing technology in the market, and a great number of banking, insurance, and tech giants have been using various blockchain solutions. In 2019, blockchain professionals were at the top of the list of most in-demand jobs, as per LinkedIn.
Various financial institutions, startups, and traditional enterprises are already either adopting or experimenting with technology with vast success. The crypto ecosystem had been thriving in countries like Singapore, for instance, supporting it become new-age banking services, and pushing decentralized innovation in the financial sector.
Because the technology is still very distinct, people who don’t have a technical background or coding skills can make a career by learning the field in detail and discovering an area they can provide. If you are a developer, you need to know the basics of blockchain.
Which Blockchain Software To Learn?
While some businesses operate solely on the Ethereum technology stack or other public protocols, other companies are operating on private blockchains, so there are many complex protocols.
If you are interested in serving in the crypto space, then you can concentrate on learning programming compared to open blockchain protocols like Ethereum and learn niche languages recognized as Solidity, a contract-oriented, high-level language for executing smart contracts.
Even Python would operate in blockchain as Ethereum will shortly be launching programs and smart contracts written in Vyper (a Pythonic language). Learning smart contacts is essential, understanding the basic principles of data structure, algorithms, and awareness with the development processes is key to success.
If you want to go and work for financial firms, most of them depend on private blockchains, i.e., the admittance to the blockchain is controlled by the company, and the information isn’t open. The most valuable skill is learning Hyperledger Fabric, an open-source development platform managed by the Linux Foundation.
Various other blockchain solutions are accessible from companies such as Oracle, IBM, and Salesforce, allowing blockchain-as-a-service tools and leveraging modern programming languages. Adopting a platform will require important research and a clear knowledge of the use case, particularly to a particular industry. All enterprise blockchain solutions have their training modules produced by vendors, which programmers can learn.
Blockchain Technical Positions
There are highly advantageous positions open for the blockchain industry when it proceeds to the software side for designing networks and developing decentralized applications and smart contracts. This covers positions such as blockchain network architect, blockchain engineer, blockchain UI/UX designers, blockchain developer, blockchain project manager, blockchain network security analyst, etc.
By all of these roles, professionals can make anywhere between $80,000- 150,000 on the global talent market. Salaries in the domestic market would be considerably less, though, as the Indian blockchain industry is virtually non-existent, and only a handful of startups and enterprise POCs exist.
Business Professionals Can Enter The Field Too
While learning software is one of the most famous routes of developing a career in blockchain, there are other ways. You can establish a new protocol for file storage or exchange of data utilizing blockchain as a startup. Many such startups came up in the last 3-4 years, raising funds through crowdsourcing, aka ICOs.
This involves business development, marketing, and content relevant positions. With the crypto ecosystem appearing to life, we see various projects proposed ICOs and hired a bunch of business executives and marketing professionals.
Blockchain advisors can assist companies in determining problems that can be solved with blockchain technology. Due to their business and technology understanding, they can connect those two to discover niche implementations of distributed ledgers. If you are a business person without technical skills, you can begin with the basic understanding of fundamental blockchain ideas such as distributed computing, consensus protocols, cryptography, tokenomics, crowdfunding, etc.