Top 5 Factors that Indicate Great Career Opportunities in BlockChain
- December 2, 2020
- Posted by: Julie
- Category: Blogs
BlockChain, like cloud computing and Artificial Intelligence, is one groundbreaking technology that can alter the way businesses function. Various sectors have been exploring many possibilities through this new-age technology which has increased the demand for professionals who have knowledge in the domain. In this write-up, we will try to list out 5 top factors that showcase the potential of BlockChain and tell you how there can be great career opportunities through this new-age distributed computing technology. Read on to find out.
How BlockChain will Change the Future?
BlockChain is a technology that works on the principle of distributed computing in order to improve efficiency, security and create better transparency in the sharing of information. Various sectors have been trying to reap benefits by implementing blockchain in various areas of operations. Among the many factors, we have listed out five areas which we think will have a profound effect on our lives in the future.
BlockChain Helps Financial Services Flourish in Emerging Markets
The financial services industry is one of the industries which has been one on the forefront in exploring new possibilities through blockchain. Recently International Finance Corporation joined hands with experts from Blockchain industry to present few papers related to the technology. Among the many factors that were highlighted in the paper, one was related to the impact of BlockChain on the emerging financial services market. It said that technology, along with digitalization, will play a major role in helping financial services reach rural markets where banking services are hard to reach. The technology also helps banks reduce risk since it creates transparent and secure digital channels for the sharing of personal documents of prospective consumers.
BlockChain Accelerates Operations in Real Estate Business
Real Estate is a burgeoning sector throughout the world. It is also a sector that deals with documentation and huge cash transactions. Security, transparency and accessibility of documents are crucial for the real estate business. BlockChain can cause major disruption in the sector by making the documents available online in a secure manner, reducing fraud and reducing the cost for operations. Apart from these factors, there can be many other services that can be offered by online platforms that help sellers meet buyers. In simple words, blockchain can take the real estate business to the next level by improving operations.
BlockChain is a Big Booster for Global Supply Chain
Another significant influence of blockchain technology is in the area of global commodity trading. Take food trading for instance. Food from different parts of the world reaches us today, but how do they get here? The global supply chain involves several stakeholders and a lot of paperwork. It is one area where transparency and verifiability can make a major difference. BlockChain is a powerful tool that has been used by various platforms in recent times to successfully accelerate commodity movements through global supply chains.
BlockChain can Prevent Cybercrime
The very nature of BlockChain makes it one of the most important technologies some companies look out for in order to enhance their data security. It is a technology which decentralizes storage and ensures that information cannot tamper. Since blockchain empowers organizations to conduct transactions online and boosts the supply chain, it helps the E-Commerce industry to flourish.
BlockChain Helps Verify Academic Credentials
As the documentation process in the education industry gets digitalized, blockchain can be one of the technologies that add major value. One area where this technology will play a key role is in helping institutions verify the identity and academic credentials of applicants. This can be a major game-changer for the educational sector.
How BlockChain will Create Career Opportunities?
The points put forward above reflect the potential of the BlockChain to disrupt the operations in various sectors. Going further, those companies which develop blockchain-based solutions will be in great demand. For instance, Israel Cybersecurity companies have been globally recognized for the way they are developing the technology. More recently, companies that are developing blockchain-based cybersecurity solutions are doing more noise in the business world. As far as India is concerned, both private players and the govt. is making investments in the blockchain sector. NASSCOM said over 40 projects have been taken up by the public sector in BlockChain. Though the investments by private players in India have been low as compared to global investments, this might change in near future.
Students who have strong knowledge in the area of BlockChain development will be in demand both locally as well as in other parts of the world. Since the scope for innovation in this new sector is huge, the industry will require well-learned professionals. There are few institutes that inculcate thorough knowledge of this new-age domain in students.
BlockChain Degrees in India
BlockChain technology requires a thorough understanding of programming and computer concepts. B.Tech BlockChain program offered by Ajeenkya DY Patil University, Pune is one of the best courses for students who want to start a career in the domain. It educates students in core concepts of BlockChain, Cryptocurrency, Artificial Intelligence, Machine Learning, Data Visualization and so on. All of these concepts are required for students to get into new industries. Apart from ADYPU, GD Goenka University offers a B.Tech program which again is designed to match the requirements of the industry.