Building a Blockchain Career 101 - Lots of Opportunities

Building a Blockchain Career 101 – Lots of Opportunities

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04/17/20 9:21 AM 2020-04-21 14:01:42
How do you build a Blockchain career 101? Blockchain became a household name after Bitcoin launched in 2009. But the technology has applications far beyond powering the cryptocurrency. Among other

How do you build a Blockchain career 101?

Blockchain became a household name after Bitcoin launched in 2009. But the technology has applications far beyond powering the cryptocurrency. Among other uses, the decentralized ledger containing unalterable records of transactions and other information is becoming an important tool in finance, healthcare, the government, insurance, and many other sectors.

With an average base salary of $136,000, blockchain developers have plenty of opportunities. In fact, there are many different careers available in blockchain, and people with different skillsets and education can find a role in this exciting and lucrative world.

Why is blockchain important?

Blockchain is a database of “blocks” containing information linked together. Each block contains a record of contract, transaction, or some other type of data. The system is decentralized, meaning it has no central server.

Conducting a transaction using blockchain, such as a money transfer, doesn’t require an intermediary — it happens between any two blocks in the chain without intervention — so it can take place much more quickly than traditional exchanges. Information stored in the blockchain is unalterable, which adds a layer of security — if one block is changed, the entire chain is affected, making such a feat nearly impossible. Information is also encrypted, adding another layer of security and reducing the chances of fraud taking place.

Building a Blockchain Career 101

1. Consider the best role for you

The most recognizable role in the world of blockchain is probably that of a blockchain developer. This is someone with programming skills who creates apps for the technology. However, there are plenty of other opportunities for people with different competencies.

For example, a blockchain project manager, as the name implies, is tasked with organizing and planning blockchain projects, keeping everyone involved on task, and coming up with solutions to streamline and ensure everything runs smoothly. Meanwhile, a blockchain data scientist analyzes, collates, evaluates, and interprets data collected from blockchain platforms.

Take stock of your skills, background, and education to determine the most appropriate role for you. Given the abundance of opportunities in blockchain, you’re sure to find something suitable.

2. Take a course

You don’t necessarily need a degree to start a career in blockchain unless the specific role demands it — for example, to be a blockchain lawyer, you’ll need a law degree. However, no matter what your job, you should have a solid understanding of the technology and how it works. Consider taking an online course to help you understand the basics of blockchain. Often, you can find options right here on Blockgeeks! 

3. Learn the terminology

There are certain terms associated with blockchain that you should learn in order to find a job in the field. Here are just a few to start:

  • Decentralized ledger: a database or system that has no central authority governing or controlling it
  • Distributed system: a system comprised of pieces on many different computers, which are part of a network and collaborate with one another
  • Distributed computing: a subset of computer science dedicated to the study of distributed systems
  • Cryptography: a means of securing communication within a network so only the intended recipient — a computer system — can interpret it

4. Foster other technological skills

If you’re trying to become a blockchain developer, it’s essential to have certain technical skills already in place. A developer will need to have a programming background and know languages such as JavaScript and Solidity. These skills are also important for blockchain UX designers and some other roles.

Understanding processes, methods, and practices such as DevOps and agile will also help because many blockchain teams use them in the development cycle.

5. Join a blockchain community

Blockchain communities will help you foster and grow your skills. You can connect with and learn from others, as well as network and find opportunities within the field. They can also be helpful for crowdsourcing issues and coming up with solutions to problems.

There are some dedicated blockchain communities, but you can also find our very own Blockgeeks Community.

Conclusion – Building a Blockchain Career 101

Blockchain is still a relatively new field, with plenty of opportunities emerging every day. While you’ll probably receive some of your training in the technology on the job, it’s also important to familiarize yourself with it as much as possible in order to make yourself a viable candidate. Also, given that blockchain is still evolving, you’ll need to keep learning and stay up to date with trends and current practices associated with it.

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