WHAT MAKES BLOCKCHAIN THE MOST DISRUPTIVE CAREER
OPTION
Education Times finds out how blockchain technology will
provide more jobs and create entrepreneurial opportunities
The blockchain technology is often touted as the ‘new
internet’ by most businessmen and entrepreneurs. They had been seeing
blockchain as a safe and secure way for transaction, and now, have begun
considering it as the most disruptive career option too.
Shedding light on the different kinds of careers that
blockchain stands to offer, Akash Aggarwal, founder and CEO of Alluma, tells
Education Times, “Blockchain has sprouted several new career opportunities.
Profiles like developers, designers, and project managers are pouring in for
the professionals.” Rahul Raj, co-founder and CEO of Koinex, emphasises on how,
with blockchain, people would be more in control of their money. He says,
“Blockchain is the internet of value. Not only does it transfer information,
but also value. The biggest advantage lies in the way the information is
transferred. With internet, the information is stored at a central warehouse
which may suffer data loss due to many causes, but in blockchain, the
information is distributed across many devices that are placed geographically
apart. These devices retain the same copy of information. So, it is almost
impossible to hack, corrupt or destroy it. In a way, it is secured from all
kind of losses that central databases may suffer from. Additionally, the distributed
ledger is publicly accessible.”
“Anybody can become a contributor in a shared economy
without the involvement of a third party. The biggest example is Uber, which is
widely used. Blockchain can open a completely new universe for people who want
to hire shared rides and for those who can offer them, eliminating the role of
the company. Additionally, if you club machine learning with blockchain, it
becomes a new technology altogether. Similarly, with ar tificial intelligence
or with big data analytics, it would give birth to a new stream of knowledge,”
he adds.
Raj further says, “Blockchain can also empower people
to monetise their skills and talents. There is a smart contract in blockchain,
like a physical contract. It is a piece of code which primarily takes care of
every transaction taking place. When blockchain becomes a mainstream technology
in banking, finance and other sectors, there would be a requirement of a lot of
people who can write these codes. Furthermore, as Indians continue to invest in
digital assets, various cryptocurrency exchanges would also require blockchain
developers, coders, UI/UX developers etc, to secure the scale of these
platforms,”
he adds.
Bitcoin is the world’s first cryptocurrency. It has
all the features that a currency has. The only difference is that it is fully
digital and is not controlled by a central authority. “Blockchain, hence, aims
at the creation of a network of people who trust this system. This
decentralisation ensures that power is not concentrated in the hands of a few
individuals,” Raj says.
Evidently, 2018 has been seemingly favourably
predisposed for blockchain technology.“While yesteryears belonged to internet
and mobile apps boom, the future might as well belong to blockchain,” says
Nischal Shetty, founder and CEO of WazirX.
TOI 12NOV18
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