Blockchain in Business
For those who have been in the tech sector for 5 years or more, you've probably heard about blockchain.
Blockchain is supposed to revolutionize the way information is stored, effecting a vast array of businesses that conduct finance, shipping, healthcare, and many others.
Improvement in efficiency and security will increase margins and improve CRM.
Blockchain is a digital ledger that facilitates the process of recording transactions and tracking assets in a business network.
Having the system work though, hinges on other participants in that industry use blockchain as well.
Many CTOs and decision makers are reluctant to take on this new technology for various reasons. Many of which would prefer the system they've currently been using.
WalMart has already been uploading their data to the blockchain for food safety purposes.
Products can be tracked back to the supplier, and even the grower in some cases, as blockchain technology is used for decentralizing the food supply ecosystem.
It has also filed a patent for a blockchain-based drone delivery system.
As more and more large companies start using this system, it will likely become the standard in general.
Employment opportunities in Blockchain have also skyrocketed in recent years.
Businesses looking to hire a blockchain engineer are looking for these traits in a candidate:
Having problem solving skills, and the ability to discover and process information, while judging its accuracy, are the two most important skill sets to have.
Knowledge of some programming languages is necessary to be a blockchain developer.
If you already know these languages, you are on your way there.
Blockchain and cryptography go hand in hand, so you need to know how cryptography works in order to develop the code for a Blockchain.
As a blockchain developer, you'll participate in real life use cases in business.
As an entrepreneur, you may seek to hire developers to bring to fruition your idea and create a business.
Whatever your venture, blockchain has been called 'The Internet 2.0' and is destined to change how business is conducted.