Blockchain, being the revolutionary technology that it is, has obviously opened up a new field of development called blockchain development. This, in turn, has created numerous fantastic job opportunities for developers and tech enthusiasts. Here is an article which covers the topics like what actually the Blockchain was? How to become ? job roles, career prospects and work environment to help fellow blockchain enthusiasts to get into the world of blockchain development.
In simple words, blockchain can be referred as the block of data stacked up or stored in a chain of computer networks. Where, the block contains information related to the transaction details, date, timestamp, user information, amount, etc. And to identify and store the specific transaction, the unique ID in terms of ‘hash’ is provided to each transaction in peer-to-peer communication protocol built with the trust.
The incremental chain of blocks makes the blockchain scalable, secure and the cybersecurity aspects are met automatically, as it becomes difficult for the hackers to hack into the growing trusted network, where every transaction owner receives a copy of the block.
This decentralization of the digital information popularly called as “Distributed Public Ledger” makes it difficult for the hacker to manipulate at all multiple places. Everyone on the network can see all the transactions, but only the parties involved in the transaction would be able to identify their transactions because of the unique addition of hash, which was governed by private/public keys. This makes cryptography an inherent component of BLOCKCHAIN technology.
Blockchain is not only spread across the world of cryptocurrencies and platforms but also is playing an important role in industries like healthcare, infrastructure security, digital advertising, education, cloud computing, forecasting, entertainment, and many others.
WHAT IT REQUIRES?
A career as a Blockchain Professional requires a bachelor's degree in Computer Science Engineering (CSE) / Information Technology (IT) or a related discipline. Usually, education depends on the job role you want to. Some positions only require programming skills and relevant experience, and other positions require a degree and experience. As a blockchain developer, everyone has a huge scope to enhance their skills and core knowledge. There are various online platforms on connecting which, professionals will get training opportunities and valuable networking.
SKILLS NEEDED:
- Adopting a new mindset which focuses on efficiency, scalability, and distributed computing.
- Developing the hard programming skill sets
- Learning about the economic side of blockchain engineering.
- Technical skills like Blockchain Architecture, Data Structures, Cryptography, Smart, Contract Development, Web-Development.
- Firstly, you need to get yourself educated to start your career in the blockchain industry.
- Understand the fundamentals of blockchain technology.
- Getting trained in cryptography provides you a head-start to get into the blockchain industry.
- Get knowledge about Distributed Computing Theory and how it works.
- Join the blockchain community, which will also provide you an opportunity to network and engage with the people who are already working in the field.
- Grab the opportunities that come your way and start your own career path.
Industries Providing Blockchain Career Opportunities:
- Banking & Finance: Perhaps, this industry segment is the biggest beneficiary of the blockchain technology.
- Cryptocurrency: Bitcoin has proved usability with success.
- Supply chain: Blockchain technology is useful in tracking, tracing, and recording of material transactions.
- Healthcare: Personal Health Information is regulated in many countries and blockchain can bring the benefits of digital use and secure storage.
- Real Estate: Today, many transactions in the retail industry are being recorded manually. This is one industry sector in which there is huge potential for the use of blockchain technology for record-keeping and online transactions.
Who is a Blockchain Developer?
A developer responsible for developing and optimizing blockchain protocols, crafting the architecture of blockchain systems, developing smart contracts and web apps using blockchain are commonly called blockchain developers.
So, what does a blockchain developer do?
- Developing smart contracts.
- Developing interactive front-end designs for Dapps.
- Supervision of the entire stack that runs the Dapps.
- Backend development pertaining to the blockchain.
- Being involved in the research, design, development, and testing of blockchain technologies.
- Brainstorm and evaluate applications for new tools and technologies.
- Document new solutions and maintain existing ones.
- Maintain and extend client-side and server-side applications that are responsible for business logic and integration.
JOB ROLES:
- Blockchain Developer: Research Design Develop Blockchain Technologies and Develops Decentralized applications and Smart Contracts
- Blockchain Engineer: He/ She is responsible for designing blockchain solutions.
- Quality Engineer: Monitors and Manages Blockchain Networks, and Certifies Network Before Launch and also Carries Network Upgrades and Updates.
- Blockchain Information Security Analyst: Researching and Planning network security Measures, and Installing a firewall to protect computer networks.
- Blockchain Project Managers: Responsible for organizing and managing multiple projects and deliverables, and tasked with creating a work plan for completing projects.
- Blockchain Legal Consultant: Drafting and Reviewing legal aspects of ICO Documentation and meeting certain legal regulations before a launch.
- Blockchain Designer: Design, implement and support blockchain focused websites, and designing Blockchain User Interface around specific business models.
- Blockchain Marketing Specialists: Overseeing and developing marketing campaigns, Researching to Identify target audience, and also devising ideas and strategies.
- Blockchain Technical Recruiter: Identify and Screen potential blockchain project candidates, and review applicants to ensure they meet minimum Blockchain project requirements ans also research new technologies.
- Blockchain Intern: Completing relevant assigned tasks such as coding, marketing, etc. and brainstorming for new ideas.
- Business Development Representative: Push a certain product partnership, and closing new deals, negotiating and presenting the company.
- Blockchain Data Scientist: Research and analyze troves Of Blockchain data.
- Research Analysts: Apply data mining techniques in statistical analysis.
PAY SCALE:
The salary varies depending on several factors such as job location, company, number of years experience, skills. On a broad scale, the salary ranges between 5,00,000-30,00,000 LPA.
In India, the average salary in is ₹8,01,938 per annum.