How do you build a Blockchain career 101?
Blockchain became a household name when Bitcoin was released in 2009. Yet technology has implications far beyond cryptocurrency powering. Among other applications, a decentralized ledger of unalterable transaction records and other information is becoming an important resource in banking, education, administration, insurance and many other industries.
With an annual base wage of $136,000, blockchain developers have a lot of incentives. In reality, there are many different professions available in blockchain, and people with different skills and experience can find a place in this exciting and lucrative sector.
Why is blockchain important?
Blockchain is a network of blocks containing information connected together. Every block contains a record of a contract, transaction, or other form of data. The system is decentralized, meaning that it does not have a central repository.
Conducting a transaction using blockchain, such as a money transfer, does not require an intermediary — it occurs without interference between any two blocks of the chain — so that it can take place even faster than conventional transactions. The information contained in the blockchain is unalterable, which provides a layer of security — when one block is changed, the whole chain is compromised, making it a feat almost unlikely. Information is also encrypted, providing another layer of security and reducing the likelihood of fraud happening.
How To Have a 101 Blockchain Career
1. Find the best role for you
The most recognized role in the blockchain community is undoubtedly that of a blockchain creator. That is anyone with programming experience who builds application for tech. There are, indeed, plenty of other incentives for individuals with various competencies.
For instance, as the name suggests, a blockchain project manager is tasked with coordinating and preparing blockchain projects, having everyone involved in the process, and designing ways to streamline and ensure that everything runs smoothly. While a blockchain data scientist analyzes, collects, analyses, and interprets data obtained from blockchain networks.
To decide the most suitable position for you, take stock of your abilities, history, and experience. With the multitude of possibilities in blockchain, you’re bound to discover something that’s perfect.
2. Take a course
You don’t actually need a degree to start a career in blockchain unless you have a particular position to play — for example, as a blockchain lawyer, you’re going to require a law degree. However, no matter what the job is, you will have a good understanding of the system and how it works. Consider taking an online course to help you understand the fundamentals about blockchain. You will also find solutions right here at Blockgeeks!
3. Learn the terminology
There are many words correlated with blockchain that you need to understand in order to find a career in the field. Here are only a few starting points:
- Decentralized ledger: a database or system that has no central body overseeing or managing it
- Distributed system: a system made up of parts on several separate machines that are part of a network and communicate with one another
- Distributed computing: a branch of computer science devoted to the research of distributed networks
- Cryptography: A means of protecting information within a network such that only the intended recipient — the computing system — can view it.
4. Promote other technological skills
Understanding procedures, frameworks and techniques such as DevOps and Agile can also be of help, as many blockchain teams use them in the growth cycle.
5. Support the blockchain network
Blockchain communities will help you grow and improve your skills. You can connect and learn from others, as well as the network, and discover openings in the area. They will also assist with crowdsourcing challenges and coming up with solutions to problems.
Summary – Building a Blockchain Career 101
Blockchain is still a fairly young area, with many possibilities arising every day. Although you’re likely to undergo some of your training in technology at the job itself, it’s still important to get as comfortable with it as soon as possible in order to make yourself a suitable candidate. Often, given that blockchain is still growing, you will need to keep researching and keep up to date with the changes and best activities associated with it.