Blockchain is not just limited to cryptocurrencies like Bitcoin. The technology shed its ‘cryptocurrency skin’ in 2012 when Vitalik Buterin designed and deployed Ethereum -– the first-ever open blockchain platform.
“Hundreds of blockchain platforms have been introduced since then and they are now changing the way most technologies work. However, Ethereum’s capability to handle applications beyond cryptocurrency has earned it the nickname Blockchain 2.0 by several tech enthusiasts and visionaries,” said Vineet Chaturvedi, CoFounder, .
The demand for trained people in blockchain is on the rise in India companies but there is not enough skilled manpower yet. “We have seen firms where mid-level IT managers have been told to setup teams around blockchain. But they are struggling to find team members. Also, many managers have started to take up only after they have been assigned with this responsibility,” added Chaturvedi.
On the brighter side, more and more people are taking up blockchain courses. “There has been a 157% increase in people learning Blockchain from Edureka since the time we launched the course in July. Total percentage of people taking Blockchain courses from us, India accounts for 53%. Out of this 53% from India, 42% of the learners are from Bangalore, followed by Hyderabad at 16% and Pune at 6%. In fact, adoption in Bangalore has increased by 5X since launch in July,” he said. Edureka claims to be among the first e-learning platforms to launch a blockchain course in the form of ‘Blockchain Certification Training’ in July 2017.
“The Edureka Blockchain course touches upon Bitcoins, its security aspects, the underlying concept of cryptocurrencies, and transaction systems such as Ethereum and Hyperledger,” added Chaturvedi.
Several Indian companies seem to be have warmed up to the potential of blockchain technology. Telecom regulator Trai is already looking at tackling pesky calls and SMSes from marketers by deploying blockchain solutions. It has even issued draft rules to use blockchain solutions to ensure that subscribers who have registered for DND do not end up getting such calls or SMSes. Blockchain technologies are claimed to bring in transparency in government IT systems. Andhra Pradesh is using blockchain solutions for governance, especially to develop Vizag into a valley. Several fintec and shipping companies too have adopted this technology..
If you have taken up an online blockchain course to learn the basics and even specialise in a particular blockchain technology, you can look out for job roles like Blockchain solution architect. There are other roles like blockchain consultant but the majority of the jobs for the masses will be on the form of blockchain developer. Majority of blockchain-related jobs have designations like Blockchain Developer, Blockchain Consultant, Blockchain Analyst, Blockchain Specialist among others.
Most of the people who are keen on blockchain courses are from different IT backgrounds. “There is a small percentage of learners from Finance and Security domains. It's very interesting to see that as much as 8% of our learners for Blockchain are from leadership roles such as CEO/CIO/CTO, Directors, Co-founders, VP & AVP, GM etc,” revealed Chaturvedi. Also, there are consultants, architects, developers and analysts showing interest in blockchain courses.
Blockchain has many other uses that solve real-world problems such as identity, safe transactions etc other than crypto-currency, which is its most popular use. Blockchain is claimed to be a secure channel and be used in:
*Smart Contracts: Blockchain removes any involvement of third parties, but also ensures that all the participants are thorough with the contract details and that all the contractual terms are automatically implemented once conditions are met.
*Protects identity: With Blockchain data can be encrypted and be revealed only when necessary or to relevant people you interact with. This can be used for personal identification, birth and death certificates and can even be applied to passports (digital passports).
Using Blockchain’s distributed ledger system we can make sure that information is only accepted and released to trusted parties. It can be deployed to secure property transactions.