Blockchain is a distributed ledger technology introduced in 2018 which offers extremely secure transactions to take place. It was brought into practical use from 2009 as the Bitcoin technology and since that time, blockchain has started gaining popularity and become more useful in multiple domains. After bitcoin, many kinds of cryptocurrencies were operating with a blockchain network. Along with cryptocurrency, blockchain has proven to be useful in many other areas such as government, cybersecurity, industrial processes, financial sector, entertainment, Medical, and Banking.
Importance of Blockchain Technology: Top reasons to learn
1. Promising Career
Basically, blockchain was introduced as an operating a network for cryptocurrencies or Bitcoin and gradually it kept gaining its popularity. As blockchain technology started to become popular, it has created many job opportunities for blockchain professionals and students also started learning it because of its huge future scope. Now blockchain technology is used by many industries from banking to medical. The job roles for blockchain professionals are; Blockchain consultant, Cryptocurrency analyst, Blockchain Developer, Blockchain solution architect, Senior software engineer (Cryptocurrency), and Research analyst, etc. Every year, blockchain professionals getting a significant hike in their salaries which motivates other people and students to get trained and seek jobs in the blockchain domain. In the coming years also blockchain technology will create more and more job opportunities for the people that is the reason learning blockchain is important for your career.
2. High demand
Since blockchain introduced as bitcoin technology, it has continued to gain popularity. It is proved that its demand in the market has increased by every coming year. From this, we can predict that in the coming years also, blockchain is going to have many job opportunities and applications in various businesses.
3. Industries on Blockchain
Blockchain technology has promising applications in the industrial sector. Blockchain technology can monitor and manage industrial operations in an effective way, especially supply chain operations.
Many industries started integrating Blockchain technology in their processing and operations. These industries are Medical, real estate, supply chain, aviation, oil & resources, Finance, computing, and retail.
4. Integrating with New-age Technology
Blockchain’s important feature is that it has the universal infrastructure which is can be integrated with all types of old and new technologies. It has applications in various domains such as voting, banking, trading, Medical. Also, smart contracts and distributed ledger systems work well with the Internet of Things.
5. Cybersecurity
As we all know that blockchain is a distributed record system, all the information is not stored together at a single location. Instead, it is distributed to its prospective owner and secured with encryption methods. Because of this distributed system, a single person can only access his or her personal details and control its use for others. If the information is collectively stored at the central location, it becomes easy for a hacker to hack important and confidential information. Hence, by implementing the blockchain system, people’s digital identities and transactions will become safe.
6. Digital Identity
Nowadays everyone is familiar with digital transactions and banking services. This digital revolution also gives hackers many possibilities to do cybercrimes and make our digital identities unsafe. Many incidents of fraud and hacking are happening where hackers hack the system and get our user ids, passwords, other details and misuse them. Blockchain technology can help us by introducing a cryptographic system where it will be impossible for hackers to hack and access our information.
7. Improved Governance and Transparency
Transparency is the most important factor for the government of any country. for almost all the countries in the world, the government processes are not transparent, which means, the citizens are not a part of any government processes and decisions. Additionally, they can’t access any record or the information if they want to see. By implementing blockchain into a government system and processes such as taxes, elections, welfare, and healthcare, transparency can be achieved.
These all are the reasons from which we can learn that blockchain technology is a very important part in every sector and learning blockchain will be useful for the future from a career perspective. NearLearn offers Blockchain training in Bangalore at a very affordable cost. We also provide corporate as well as online blockchain training. If you are interested in learning blockchain to secure your future, contact us+91-80-41700110 or visit: www.nearlearn.com or mail: info @nearlearn.com
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