When Blockchain technology was introduced, it was to keep track of cryptocurrency – bitcoin. However, over the years, it is seen that blockchain has spread its wings. Now slowly showing its presence almost everywhere i.e in healthcare, banking services, real estate, manufacturing, and or even digitizing land records.
What Is Blockchain Technology?
So what is blockchain technology? Well, blockchain technology is nothing but an open digital ledger that records and manages transactions. Since it is an open ledger there is no way one can manipulate the data ensuring that is safe from hackers and data theft.
So now we have revisited what is blockchain technology, let’s understand why the blockchain industry is gaining interest amongst various business houses – whether small or big?
In 2021, the global blockchain technology market was estimated at USD 5.92 billion, with a compound annual growth rate (CAGR) of 85.9% predicted from 2022 to 2030. The increased venture capital investment in blockchain technology startups can be ascribed to the market's growth. Circle Internet Financial Ltd., a blockchain technology company, for example, said in May 2021 that it had raised USD 440 million in funding from strategic and institutional investors. The legalization of cryptocurrencies in nations like Ukraine and El Salvador is likely to open up new commercial prospects.
Why Is the Blockchain Industry Gaining Interest Of Various Organizations?
Blockchain Industry is gaining positive acceptance amongst various organizations. These are four major reasons:
- Lesser dependency on a centralized authority
- Transactions transparency
- No fear of Data tempering
- Encryption ensures the data is hack-proof
For these four major reasons more and more organizations are accepting blockchain technology with open arms and this is where certified blockchain developers and business blockchain specialists are required. So how do you ensure that you have the required qualifications to become a certified blockchain specialist. Let’s find out here.
Blockchain Certifications, Certified Blockchain Developer, And Business Blockchain Specialist
Certifications are third-party endorsements of your abilities and credentials. Blockchain certifications might demonstrate to recruiters that you are serious about your job. But, before we go into certificates, let's take a look at what a blockchain expert's main competencies are.
Apart from hard core coding skills, the other skills you need to become a successful blockchain specialist is as follows-
- You need to have a thorough knowledge of Java, C++, and Ethereum’s Solidity, along with the knowledge of Python.
- Also need to have a deep understanding of financial services, payment processing, credit services, and cryptocurrencies.
- Have some exposure to big data in whole and data science as a specialization
Once you are mastered these skills then you should go for blockchain certifications like Edureka, Coursera, CBC America, and Imarticus among others to secure yourself as a potential hire.
