Blockchain Training in Thiruvanmiyur

Future Scope Of Blockchain

we are living in the ‘blockchain era,’ with every industry adopting blockchain technology, which is all set to pioneer the next wave of tech innovations. As we know, blockchain is an open, decentralized digital ledger which records and manages transactions securely and transparently. Blockchain is one technology which has already caught the attention of everyone across the globe.

This initiative has been often talked about and is currently under development by a couple of ICO projects that have a very intense desire to disrupt the job-securing market by using blockchain technology to confirm the abilities and skill registered about anyone on the blockchain.

If such a platform comes to fruition, obtaining a job will be based on true merits.

CV’s will become obsolete for good since they are very vulnerable to tampering, even by the potential employee.

An employer just needs to check the blockchain registry about the past performance an all the jobs you’ve had, and they will have a pretty clear idea of who is the person they are dealing with.

As you can the possibilities are endless and the future is a very bright place where very little can be shady or corrupted thanks to the proper use of Blockchain. Will any of this happen?

Is really hard to make such a call, since many of these plans are in early stages of development, one fact remains clear at least to this moment: Blockchain is here to stay, and it is very little we can do about it.

1.Blockchain Developer

 Blockchain has given rise to a new field of development called blockchain development. Blockchain development involves developing and optimizing blockchain protocols and crafting the architecture of blockchain systems. A blockchain developer is responsible for creating integrated smart contracts and web applications using blockchain technology. The two types of blockchain developers are:

• Core Blockchain Developers- They develop and design the architecture and protocols of a blockchain system and design consensus protocols and high-level development decisions related to blockchain.
• Blockchain Software Developers- They use the protocols and architecture designed by core blockchain developers to build decentralized applications.

2.Prerequisites Needed To Become A Blockchain Developer

• Understanding how blockchain works in the real world.
• Learning the points of failure and getting skilled in safeguarding the overall system.
• Basic knowledge of the working of cryptography as it will be useful for developing codes for blockchain.
• Being well-versed in a mix of programming languages such as Python, Ruby, C++, Java, JavaScript, Go, Rust, etc.
• Having a background in web development, and networking and security will come in handy.

3.Blockchain Developer Salaries

•  In 2018, the International Data Corporation (IDC) had estimated that the global expenditure on blockchain solutions would reach $11.7 billion by 2022. IDC also estimates that the five-year period from 2017-2022 will witness the fastest growth in blockchain adoption.
• Currently, blockchain developers are paid a handsome salary as many businesses are exploring novel ways to positive themselves advantageously concerning blockchain technology. The enthusiasm for blockchain transcends business cultures and regional borders.

4.Blockchain Developer Salaries

• In 2018, the International Data Corporation (IDC) had estimated that the global expenditure on blockchain solutions would reach $11.7 billion by 2022.
• IDC also estimates that the five-year period from 2017-2022 will witness the fastest growth in blockchain adoption.
• Currently, blockchain developers are paid a handsome salary as many businesses are exploring novel ways to positive themselves advantageously concerning blockchain technology. The enthusiasm for blockchain transcends business cultures and regional borders.
• The salary of a blockchain developer on a freelance basis ranges from $50 to $100 per hour. For salaried folks, firms in Silicon Valley in the U.S., offer up to $158,000 as average annual salary for blockchain developers.
• This is the same for an organization located in the hi-tech regions of U.S. such as Boston and New York. Switzerland’s Crypto Valley offers annual salaries ranging from $1220,000 to 180,000 annually. In the United Kingdom, firms are not willing to pay more than $140,000 per year.
• In the case of startups, the amount does not go beyond $60,000.
• In Canada, the blockchain developer’s salary annually is $131,000 on an average. The salary of a junior blockchain developer in Canada is $85,500 on an average. Experienced professionals in Canada earn up to $175,750 annually.
• Blockchain developer salary is the highest in the San Francisco Bay Area of the U.S.
• According to Hired, the job search marketplace, blockchain developers here were paid $133k annually in 2015. In 2016, this figure increased to $135k and later rose to $142k in 2017. The other hotspots where salaries are competitive are Seattle, Washington DC and New York.
• In New York, the blockchain developer salary increased from $122k in 2016 to $125k in 2015, $129k in 2016, and $132k in 2017.
• Blockchain developer salary is the highest in the San Francisco Bay Area of the U.S. According to Hired, the job search marketplace, blockchain developers here were paid $133k annually in 2015.
• In 2016, this figure increased to $135k and later rose to $142k in 2017. The other hotspots where salaries are competitive are Seattle, Washington DC and New York. In New York, the blockchain developer salary increased from $122k in 2016 to $125k in 2015, $129k in 2016, and $132k in 2017.