Many a time, newcomers who want to join the blockchain industry get fazed by fancy titles — blockchain developer, blockchain generalist, smart contract developer, blockchain expert — being spouted about in this burgeoning industry. Given how the field is relatively new, there are still a lot of developments happening in this space.
Developers are keen to understand how one can begin to develop a skill set which will make a candidate employable in the blockchain industry. A key advice given to blockchain enthusiasts is to read white papers on cryptocurrencies and contribute to open source projects. Newbies keen on exploring this field are advised to read technical white papers, especially on Bitcoin and Ethereum to understand the basics. Conversely, some roles, for example, blockchain generalist, do not require a technical background.
According to a recent HBL report, jobs in the blockchain sector have risen in demand and Bengaluru has the maximum job openings in blockchain development. Survey findings from Indeed concluded that Bengaluru over 36 percent of blockchain job postings. It was followed by Mumbai, Hyderabad, Pune and Chennai.
Sashi Kumar, managing director at Indeed India said, “Technology hubs like Bengaluru and Hyderabad continue to lead, while the national capital region is also seeing a fair share of interest in the sector. With the global market for blockchain-related products and services is expected to reach $7.7 billion in 2022, there are sure to be even more jobs created in the sector in the future.”
Top Blockchain Roles To Explore In India
With more and more Indian companies interested in developing blockchain solutions to optimise business processes, techies who are looking for a break in this field can explore a slew of roles.
Blockchain Generalist: One who understands the basic concepts and is proficient enough to discuss its use cases and applications in the specified ecosystem.
Blockchain Developer: One has to understand the concepts of nodes and consensus and can build a bridge between UI and Smart Contracts. The Blockchain Developer is akin to a full stack developer and those who are good at the server side programming and have good analytical skills, can easily transition to the role of blockchain developer.
Blockchain Expert: One who understands the code of a blockchain like Bitcoin or Ethereum network can code their own blockchain network defining its rules and protocols.
Non-tech roles: The bitcoin gold rush is not just for people from the technology background. There will be a need for new legal frameworks for blockchain to be mainstreamed. For example, there can be a scenario where liability will have to be determined in case a smart contract has been miscoded? So far, blockchain has been a largely unregulated market which will come under ever-greater scrutiny. Besides, there will also be a requirement for sales, marketing and communication professionals for onboarding of clients.
Here’s How One Can Get A Start In Blockchain Field
- Fundamental understanding of programming and logic
- Understanding of existing server tech
- Coding skills
- Proficiency in Java, HTML and CSS
- Understanding of blockchain platforms like Ethereum and Hyperledger
- Understand complete blockchain technologies and their specific use cases
Here’s What Will Come Handy
People who are looking to break into this field should develop a fundamental understanding of:
- Cryptography: Private/public keys, encryption, hashing, entropy, SSL, 2FA, and VPNs
- Current Crypto Tech: PoW, PoS, DAG, Federated Byzantine Agreement, ring signatures and other privacy features
- Understanding Of How Markets/Economies Work: TA, FA, spread, arbitrage, options, futures, margin/leverage/shorting, valuation models
For a start, there are a lot of courses available on blockchain. For example, Udacity and Coursera run blockchain specialisations. These courses can bring one up-to-speed with blockchain-related tools, technologies and test automation methods.
The blockchain space in India is rife with opportunities and employers don’t mind hiring professionals who have no experience in the field yet. IT professionals who have considerable experience with systems administration and security are well-suited for blockchain job roles. Even senior IT professionals with over six years of work experience can snag top positions as blockchain managers in this up and coming field.