The importance of blockchain has become abundantly clear over the past few years. With technology moving fast, it’s important you understand why you need to learn blockchain.
Blockchain has been accepted as a revolutionary means for enhancing speed and displaying transparency with all transactions. It’s also decentralized, meaning it can provide fault tolerance and attack resistance, as well as the liberty of consensus for all organisations that use it. Because of this, businesses and companies are craving the technology.
High demand for blockchain
Blockchain is a booming sector, with an abundant amount of opportunities waiting for you in the job market. From crypto start-ups to more established companies, the demand for blockchain enthusiasts is high and is expected to grow heavily in the next few years.
Demand for blockchain technology engineers has grown exponentially globally, according to Glassdoor. In the US alone, unfilled blockchain-related jobs have increased 300% yearly.
In August of last year, there were 446 job vacancies for blockchain experts, while in the same month in 2018, the number had grown to 1,775. Salaries oscillate between $36,000 (£27,700) for entry-level positions to over $200,000 (£153,700) for more experienced and advanced roles.
A cutting-edge technology
If you want to walk with the development of the world, trying out new things like blockchain is the perfect place to start.
According to research, only 0.5% of the world’s population uses blockchain technology. However, 50% of the world uses the internet. This shows that the opportunity to get ahead of the game is mammoth.
It has become more important than ever for organisations and individuals to stay in line with new trends and technologies. So, learning and getting into the blockchain technology now will provide you with the most benefit.
High pay and rewarding job prospects
The job market looks favourable for blockchain supporters, and is expected to expand in the coming years. A good knowledge of the blockchain technology can lead you to acquire positions such as:
- Senior Cryptocurrency Software Engineer
- Cryptocurrency Developer
- Cryptocurrency Analyst
- Bitcoin Full-Stack Developer
A jobs website called Hired reveals that blockchain engineers make more than software developers, who earn $135,000 (£103,700) per year on average.
Hired CEO Mehul Patel says “there’s a ton of demand for blockchain. Software engineers are in very short supply, but this is even more acute, and that’s why salaries are even higher.”
Integration with new age technologies
Blockchain technology is intending to change the world. With this, there are some unique concepts surrounding it, including mixing the technology with voting systems, trading, smart contracts, and real estate.
Blockchain’s ability to create safe infrastructures make it a very powerful and useful tool for collaborations with various businesses and industries.
Data security
Blockchain technology eliminates the need for any entity to store your personal information and sensitive data.
Fully decentralised and replicated across thousands of nodes, blockchains are virtually unhackable. This technological feature has attracted the attention and investment of powerful organisations in banking, insurance, and legal services industries.
With the increasing number of data and confidentiality breaches, the use of blockchain is becoming exceedingly important.
So if blockchain solves all these problems, what are you waiting for? Go and learn it.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.