Blockchain was first launched in 2011 as the name of a cryptocurrency financial service, but has since grown to such an extent that it is now a proper term for a system that records transactions made in bitcoin or other forms of cryptocurrency. Although the massive hype around cryptocurrency has since cooled along with the rate at which it is being farmed all over the world, blockchain technology continues to evolve and is being used to serve a wide range of purposes both in the present and the future. If you’re looking for reasons to delve into blockchain courses to kickstart your career in the industry, here are some reasons why you shouldn’t hesitate to do just that.
Increasing Job Prospects in Blockchain
Just a few years ago, organisations were wondering what blockchain is. Today, they’re finding ways to implement blockchain technologies into their businesses. Blockchain isn’t limited to a niche industry; it is already improving the way businesses operate, from finance, to agriculture, to supply chain, and even to government services. As more organisations incorporate blockchain into their operations, there will inevitably be more job opportunities in the market.
Blockchain Can Elevate Your Career
As blockchain becomes more prevalent across industries, it also means that you don’t actually have to undergo a career switch to work with blockchain. On the contrary, applying your existing skill set to blockchain technology makes you a specialist in your respective field and can even help you advance into higher and better paying positions. Examples of careers in blockchain include developers, designers, engineers, and project managers; roles that can be found in every industry.
Break Down Outdated Systems
Blockchain is popular for its transparency of transactions and security of transactions from external influences, making it an ideal technology to be incorporated into governance systems, where people demand transparency, especially in major events like elections. To that end, blockchain technology can serve as a solution for ensuring tamper-proof voting systems, whilst reducing the possibility of errors in the voter database. It’s not just governance systems that will benefit from blockchain technology; fintech, healthcare, agriculture, and education can all run more efficiently due to the three pillars that embody blockchain — transparency, decentralisation, and immutability.
Increased Digital Security
The Covid-19 pandemic has forced many of us to rely on digital technology to get by. Consumers purchase more online and businesses are forced to go digital to stay connected. With such a large digital footprint, folks are also more vulnerable to hackers and cybercriminals to infiltrate systems and commit various frauds. However, blockchain technology has a strict cryptographic system that prevents all possibilities of a cyberattack, as each individual is only allowed one online identity through which all their transactions are carried out.
Revolutionise Different Industries
As mentioned earlier, blockchain technology is starting to be embraced and implemented in various industries. With skills in blockchain-enabled businesses, you’ll have the opportunity to operationalise blockchain technology, transform outdated industries and lead improved business models. Having this skill set allows you to advance into more senior roles and be at the forefront of change. You could eventually be the decision-maker when it comes to business collaborations, technology implementation, and the restructuring of supply chains. In short, you could be the one to drive your organisation forward in an age of cybersecurity, governance, and sustainability.
Here at Smartcademy, we recognise the importance that blockchain plays in our future. This is why we’ve launched the Intro to Blockchain course designed to help students harness the power of technology to improve efficiency and reduce fraudulent activity across different sectors. For more information about this programme, please visit our website.