As Blockchain technology is evolving while infiltrating various sectors to optimise business processes, the career prospects in the Blockchain sphere are excellent. Demand for certified individuals in Blockchain has continued to grow exponentially. The Blockchain related skills are second fastest growing skill out of more than 5000 skills in today’s labour market. On an average Blockchain Developer in the US makes around $158,000 per year compared to general software developers who make $105,000 per year.
Job posts in Blockchain sphere have increased by four times on LinkedIn in 2018, and vacancies are being filled in no time. As great as that sounds for the industry, there are not enough qualified individuals in Blockchain sphere to fill the positions. As far as certified individuals are concerned, currently there is a supply and demand gap in the Blockchain domain. In fact, in the US, a recent study showed that there is only one Blockchain Developer for every 14 jobs advertised.
There are various job roles in Blockchain Technology which are in high demand. Individuals can aim for positions as:
It requires individuals to be good at server side programming and have excellent analytical skills. Understanding the end to end system of a Blockchain application is required. Requires in-depth knowledge of setting up nodes, submitting a Blockchain transaction and triggering Smart Contract functions from a web page.
Blockchain Experts have an in-depth understanding of the Blockchain Technology. It requires knowledge as well as the ability to code for a Blockchain like Bitcoin, Ethereum networks. As a Blockchain Expert individuals are required to build blockchain-based applications for businesses. Being a Blockchain Expert individuals should have exposure of all the various aspects of Blockchain Technology.
Individuals are required to have the understanding of the basic concepts and capability to understand, discuss and analyse its use-cases and applications in their ecosystem.
Smart Contract Developer
It requires the understanding of smart contract and excellent programming skills to write code for smart contracts.
A career in Blockchain is quite rewarding for various reasons such as:
Ample opportunities across top MNCs
Top Multinational companies across the globe such as IBM, Microsoft, Intel, JP Morgan Chase are exploring various applications of Blockchain Technology based on the impressive features of this breakthrough technology. These MNCs are recruiting certified Blockchain Developers in large numbers. It is expected that these corporations will require Blockchain professionals in bulk in coming years.
The Hype of Cryptocurrency
Cryptocurrency is quickly gaining acceptance throughout the world. This acceptance of cryptocurrency has led to Bitcoin exchanges and wallets to crop up. The demand for certified individuals in cryptocurrency such as ethereum and bitcoin is soaring.
There are certain prerequisites to start a career in the Blockchain sphere such as :
Getting certified in the Blockchain sphere gives you a competitive edge and wins the trust of companies in your credibility for the job. There are excellent certifications on various specific job roles of Blockchain available online.
Master the platforms, languages and principles of Blockchain systems
For a successful career in Blockchain, one needs to understand technology inside out. Professionals aspiring to work in the Blockchain sphere should gain a deep understanding of Ethereum, Hyperledger, Ripple, R3 Corda, and hands On experience in the Blockchain programming language. Solidity is also a prerequisite for most of the job roles in the Blockchain sphere.
Develop your skills by taking parts in various Hackathons
Individuals need to develop their skills in Blockchain to be able to have a successful career in Blockchain. Individuals should do projects and contribute to open-sourced Blockchains (Bitcoin) to refine their skills and at the same time showing their competence. Being proactive by Joining discussions within forums and online platforms, sharing code and building on what you already know in development goes a long way when it comes to preparing for a rewarding career in the Blockchain. Individuals should never stop learning and exploring new ideas and implementing them whenever they get a chance.
Blockchain sphere is full of opportunities at this point and the requirement for skilled individuals will only keep on growing. The key to a successful career in Blockchain domain lies in sharpening your skills and updating your knowledge with time. With the right skill set sky’s the limit for you.