Top 5 Reasons to Make a Career in Blockchain

Blockchain is a decentralized digital ledger technology that records transactions across a network of computers. It consists of a chain of blocks, each containing a list of transactions. There is no doubt that the entire world is excited about the pioneering contributions of Blockchain. A very important role is being played by blockchain technology in collaboration with various technologies. Various online platforms are used for smarter and more secure applications and smart contracts, including Ethereum, Hyperledger Fabric, and many more. 

This technology has received much attention and value after Satoshi Nakamoto launched Bitcoin in 2009. Many people even mix up blockchain and Bitcoin. However, bitcoin is only one example of a blockchain-based application. In addition to payment systems, blockchain can be employed for other applications and use cases. You must stay updated with the latest cryptocurrency trends to make a rewarding career in this sector.

Blockchain technology has grown rapidly, offering exciting career opportunities across various industries. Here are various reasons why Blockchain careers are a smart choice:

High Demand

The demand for blockchain professionals continues to rise as businesses adopt this technology to improve security and transparency. Blockchain developers, analysts, and architects are needed to build and maintain blockchain systems. Merehead reports that the Global Blockchain Market size is expected to increase to $23.3 billion, meaning more jobs for Blockchain professionals. 

Competitive Salaries 

Blockchain experts are rewarded with lucrative salaries and are the highest-paid in the IT sector. Due to this, it is a financially rewarding career choice. 

Glassdoor reports that:

• The average annual salary of a Blockchain Developer in India is ₹7,38,826.
• The average annual salary of a Blockchain Developer in the US is $1,02,069.
• The average annual salary of a Blockchain Developer in the UK is £61,885.

Diverse Applications

Blockchain is more than cryptocurrencies; it is used in supply chain management, healthcare, finance, and more. This diversity means professionals can choose an industry that aligns with their interests.

Future-proof Job 

Even though Blockchain is still in its infancy, its potential is enormous. By entering this sector, professionals can position themselves for long-term job security and opportunities as the technology matures.

Decentralization 

The decentralized nature of blockchain reduces the reliance on intermediaries, enhancing efficiency and reducing costs in various processes. It can lead to innovative solutions in various sectors.

The Blockchain sector offers various job opportunities in different sectors. Here is a list of Blockchain jobs in this sector: 

Blockchain Developer

They design, develop and maintain blockchain systems and applications. A Blockchain Developer’s primary duties include creating smart contracts, decentralized applications (DApps), and implementing consensus algorithms.

Skills:

• Programming languages like Solidity, Python, or JavaScript.
• Blockchain platforms like Ethereum, Binance Smart Chain, or Hyperledger.
• Smart Contracts
• Distributed Ledger Technology (DLT) concepts like decentralization, consensus algorithms, and peer-to-peer networking.
• Blockchain Development Frameworks like Truffle and Remix.

Educational Qualifications:

A bachelor's degree in software engineering, computer science, or a similar field. 

Blockchain Developer’s Salary:

• The average Blockchain Developer’s salary in India is ₹7,38,826.
• The average Blockchain Developer’s salary in the US is $1,02,069.
• The average Blockchain Developer’s salary in the UK is £61,885.

Blockchain Consultant

They provide expertise and guidance in blockchain technology. Blockchain Consultants help individuals, businesses and organizations understand, implement, and maximize the benefits of blockchain solutions.

Skills:

• Blockchain platforms like Ethereum, Binance Smart Chain, or Hyperledger.
• Smart Contracts
• Cryptocurrencies like Bitcoin and their underlying principles.
• Blockchain technology, including its architecture, consensus mechanisms, and various platforms like Ethereum.

Educational Qualifications:

A bachelor's degree in computer science, information technology, or a related field.

Blockchain Consultant's Salary:

• The average annual Blockchain Consultant’s salary in India is ₹17L.
• The average annual Blockchain Consultant’s salary in the US is $103,000.
• The average annual Blockchain Consultant’s salary in the UK is £48,315.

Blockchain Architect

They design and oversee the construction of blockchain-based systems and networks. Blockchain Architects create the underlying architecture and infrastructure, ensuring blockchain technology's secure and efficient operation.

Skills:

• Blockchain technology, including different consensus algorithms, smart contracts, etc.
• Programming languages like Solidity, Python, etc.
• Blockchain platforms like Ethereum, Binance Smart Chain, or Hyperledger.
• Consensus mechanisms like Proof of Work.

Educational Qualifications:

A bachelor's degree in computer science, information technology, or a related field.

Blockchain Architect's Salary:

• The average annual Blockchain Architect’s salary in India is ₹24L.
• The average annual Blockchain Architect’s salary in the US is $246,961.
• The average annual Blockchain Architect’s salary in the UK is £67,066.

Blockchain Analyst

They examine and interpret data within blockchain networks. Blockchain Analysts monitor and analyze transactions, smart contracts, and blockchain ecosystems to detect anomalies, etc. Blockchain Analysts maintain blockchain networks' integrity and security, helping prevent fraud and illicit activities.

Skills:

• Data analysis tools and techniques.
• Blockchain security protocols.
• Programming languages like Solidity and Python.
• Understanding of cryptocurrencies like Bitcoin.

Educational Qualifications:

A bachelor's or master's degree in computer science, data science, finance, or a related field is preferred. 

Blockchain Analyst's Salary:

• The average annual Blockchain Analyst’s salary in India is ₹13L.
• The average annual Blockchain Analyst’s salary in the US is $91,982.
• The average annual Blockchain Analyst’s salary in the UK is £43,478.

Crypto Trader

They buy and sell cryptocurrencies in financial markets. Crypto Traders profit from the price fluctuations of digital currencies like Bitcoin, Ethereum, etc. They use various strategies and technical analysis to decide when to enter and exit trades.

Skills:

• Financial Analysis
• Technical Analysis
• Risk Management
• Market Research

Educational Qualifications:

No strict educational qualifications are required to become a crypto trader. However, having a strong educational foundation in finance, economics, or related fields can be beneficial. 

Crypto Trader's Salary:

• The average annual Crypto Trader’s salary in India is ₹430,000.
• The average annual Crypto Trader’s salary in the US is $93,544.
• The average annual Crypto Trader’s salary in the UK is £70,549.

To build a successful blockchain technology career, you will need a combination of skills, knowledge, and strategies. Here are some recommended tips for a thriving blockchain career:

Educate Yourself 

Learn Blockchain fundamentals with various online courses, tutorials, and certifications. 

Develop Technical Skills 

Acquire the necessary technical skills to make a career in Blockchain. You must grasp programming languages like Solidity and tools like Ethereum. 

Stay Updated 

Staying updated with the current trends, developments, and news in the blockchain space is a must! You can stay updated by following industry experts and attending conferences. 

Build a Portfolio 

Build a portfolio by creating personal blockchain projects or contributing to open-source projects. 

Networking 

You must expand your networks in the Blockchain industry by meeting professionals, joining blockchain communities, and participating in forums. 

Certifications 

Obtain relevant blockchain certifications, like Certified Blockchain Professional (CBCP), to enhance your credibility. 

Being skilled in related tools, platforms, and languages is very important to choosing any technology as a career. If you want to make a career in the Blockchain technology sector, you can use some of the relevant tools mentioned below. 

Solidity Programming

Solidity, an object-oriented programming language, is useful for writing smart contracts and Ethereum-based applications. Solidity programming code is very similar to JavaScript, but solidity scripts run on Ethereum, with the help of Ethereum Virtual Machine (EVM). It is the runtime environment in Ethereum. Solidity programming can be used to develop and deploy smart contracts for any available blockchains.

Ethereum

Ethereum is a blockchain-based distributed computing platform. It is a global, open-source platform for decentralized applications. One can write codes on Ethereum that control some digital values that run exactly as programmed and are accessible anywhere in the world.

This platform provides opportunities for new business models and value creation for enterprises. It is designed to reduce the coordination between business parties. Ethereum is a low-cost platform available as open source, which is well-suited for coordination between multiple parties. 

Hyperledger Fabric

Hyperledger Fabric is a very popular distributed ledger platform accommodating the diversity of enterprise use cases just by plug-and-play components. It allows membership services, consensus, security and privacy in a minute. Hyperledger Linux Foundation has defined blockchain as a peer-to-peer distributed ledger forged by consensus and a smart contract system.

Geth or Go Ethereum

Geth or Go Ethereum acts as a node of the Ethereum blockchain. It can be used on Windows or Linux platforms and downloaded from the Download Geth page for free. It is a command line interface and is used to run Ethereum nodes. These nodes are implemented in the Go language.

Here, Geth works as a console only, where one can write commands. There are different commands for different functions. The main functions that can be performed through Geth are designing smart contracts, executing smart contracts, transferring tokens between the provided addresses, and exploring the block history. For the mentioned functions, Geth uses Go programming.

Ethereum and Ether and Gas

Ethereum smart contracts can be written in different programming languages, but solidity is the most useful and popular nowadays. Every operation performed on Ethereum that changes the state has some cost; on the other hand, miners that successfully generate and write a block in a chain are rewarded with Ether. 

The currency used by Ethereum is known as Ether. These Ether can be converted into currencies like dollars or any other currencies with the help of crypto exchanges.

Ethereum uses a metric system of denominations for its Ether units. Various denominations, such as Wei, Kwei, Ada, Nano, Finney, and many more, are available. Wei is the smallest denomination or base unit of Ether. 

Metamask

Metamask provides a simple, secure way to connect and interact with Ethereum DApps. It is an Ethereum-based wallet that is very secure. It is implemented in a Google Chrome Plug-in and helps interact with various Ethereum platform test networks. Installing Metasask will generate passwords and keys on your device, which you can only access.

Truffle

Truffle is another development environment for smart contracts. This platform aims to simplify the development and deployment of DApps by providing various built-in smart contracts. Unlike Remix, Truffle has an interactive console for direct contract communication. On top of that, Truffle can manage both public and private networks.

To make a successful career in Blockchain, you can take help from online courses. Here is a list of Blockchain Courses: 

• Smart Contracts by Coursera: The Smart Contracts by Coursera will teach you how to design, code and deploy a smart contract. Smart contracts help users implement complex operations that can be rewritten and rewritten using cryptocurrency protocols. It allows domain application users to set conditions, rules, and policies and can be a powerful feature. 
   
• Blockchain: Foundations and Use Cases by Coursera: The Blockchain: Foundations and Use Cases by Coursera course introduces blockchain technology for developers and non-developers. It will provide an overview of blockchain technology and its history. Then, it will cover the possibilities of modern blockchains. At last, this course will provide valuable insights into the businesses and people who work in the blockchain space. 
   
• Fintech: Blockchain for Business and Finance by edX: The Fintech: Blockchain for Business and Finance by edX course is part of a series on Fintech, or financial technology and provides a business-oriented overview of blockchain technology, distributed ledgers and cryptocurrencies. With this course, you will learn blockchain technology and cryptocurrency. 
   
• Complete Cryptocurrency & Blockchain Course Learn Solidity by O’Reilly: The Complete Cryptocurrency & Blockchain Course Learn Solidity by O’Reilly course teaches you how to use cryptocurrencies and blockchains practically. This course is a great introduction to cryptocurrency and blockchain technology. It is designed for beginner-to-intermediate blockchain developers and those interested in how cryptocurrencies and blockchains work.
   
• Certified Blockchain Expert Instructor-Led Training by Blockchain Council: The Certified Blockchain Expert Instructor-Led Training by Blockchain Council course covers the Blockchain composition and principles and the use of Blockchain in the supply chain, finance, healthcare and cybersecurity. You will gain an in-depth understanding of Blockchain and its implementation. It will help you build your own Blockchain enterprise with acquired knowledge.
   
• Beginner's Guide to Cryptocurrency Investing by One Education: The Beginner's Guide to Cryptocurrency Investing by One Education course will teach you how to invest in cryptocurrency and trade for profit. It is a Beginner’s Guide to Cryptocurrency Investment and will give you great cryptocurrency investment ideas and allow you to invest safely. It will help you get started with cryptocurrency and warn you about common pitfalls.

In conclusion, embarking on a career in the blockchain is a decision rooted in foresight and promise. Blockchain technology brings various benefits while challenging conventional norms. It can potentially revolutionize various sectors, from finance to healthcare and beyond. Therefore, making a career in blockchain is not just about staying ahead of the curve; it's about shaping the future.

A career in blockchain is a journey into the future, marked by innovation, disruption, and boundless potential. Blockchain can transform technology, leaving a long-lasting mark on industries and societies. You can build the necessary Blockchain skills with the online courses on Careervira. So, if you're contemplating a career in Blockchain, this is the right time to get started.