Blockchain is a decentralized and distributed public ledger system. It is a shared, entrenched ledger for tracking assets, recording transactions, and building trust. These systems are mainly handed by blockchain developers or engineers who create and implement digital blockchains for enterprise solutions.
Blockchain engineers are high in demand than at any time. According to research conducted by TeamLease, there will be a 75 percent increase in the demand for blockchain engineers by 2022.
If you are planning to transition your career to blockchain development, the details along with the required skills provided in this article are going to be right up your alley.
Why is blockchain so important?
All businesses in this world run on information, the faster they receive it, the more accurate and better it is.
Immediate information
The blockchain industry is providing one of the most ideal technology these days to deliver information as it provides completely transparent, shared, and immediate data stored on an entrenched ledger allowed to access only by the concerned network members.
Traceability and verification
Blockchain helps in the traceability and verification of multistep transactions that require stability and verification. It helps audit the product origin and also assists contract management.
Trending digital business
Blockchain innovation has provided a new podium for business relationships that is an amalgamation of high security, low cost, and ease of use. Individuals seeking to own a trending digital business have great blockchain business opportunities. One of the most famous examples of this technology is Bitcoin, this digital cryptocurrency can be securely transferred from user to user without any intermediaries.
What are the essential skills needed to be a blockchain engineer?
If you are unsure about the necessary techniques demanded or required to work as an engineer in this field, here are the top essential skills for any engineer or developer seeking blockchain work opportunities.
Data structures
It is extremely important for an engineer seeking a job opportunity in this field to have extensive data structure knowledge. This is because the entire blockchain network is rouged with data structures. This topic is to be mastered by any individual to have strong foundational knowledge about blockchain technology.
Smart contracts
Smart contracts are popular in the blockchain industry since Etherum entered the market. These contracts let parties exchange services or products without any intermediaries. The process is very simple, you invest an amount, choose the product or service and purchase without any third party involvement. A blockchain engineer must be familiar with smart contracts development to let the transaction take place securely.
Cryptography
A blockchain developer must learn about cryptography and its various aspects. It is the study and practice of techniques for secure communication allowing only the intended sender and receiver of a message to outlook its contents. Cryptography is extremely important for the proper functioning of blockchain technology.
Web development
As an engineer in blockchain, you will be spending most of your time on web applications. It is vital to possess web designing, developing, and programming skills of applications, which will assist you in the development of better-decentralized applications (Dapps). This skill is a priority since companies require blockchain engineers to work on applications for people with minimal experience in using blockchain technology.
Public architecture
This is a decentralized type of blockchain architecture. You can become a part of this network by making or mining transactions. Bitcoin is the most famous example of this kind of architecture. Blockchain engineers need to be familiar with such topics. It is consuming but worth the effort as you will get familiar with advanced and fundamental concepts together.
