Do you want to pursue BTech in Blockchain Technologies? Here is what you need to know about it.
Blockchain is just a decade-old technology and yet it has successfully created ripples all across the board. While traditional engineering traits and technical skills offer limited scope for growth because of their saturated market conditions, Jobs in Blockchain technology come with better growth prospects with 50 to 100% higher salary packages.
But What is Blockchain? What is the future scope of the Blockchain world? Which university in India provides courses on Blockchain technology? What are the job roles you would get once you complete this course? These are the fundamental questions that may confuse your mind if you are planning to pursue a four-year BTech course in Blockchain Technology.
But, Don't worry at all, as you have finally landed at the right place. Read this blog to strike out the fog of confusion and get a clear idea about how you can begin your career in this profile.
What is Blockchain Technology?
Blockchain is an unchangeable ledger, shared and distributed among multiple junctions of different computer networks. It facilitates transaction recording and helps track assets traded through a Blockchain network.
Three Key Elements of Blockchain Technology:
- Widely Distributed Ledger Technology
- Immutable or Static Records
- Smart Contracts
So, to put it simply, a Blockchain is a distributed database that stores information of digital transactions and guarantees 100% security of records without the involvement of a trusted third party, thereby minimizing the risk of data theft and the cost of third-party involvement. Cryptocurrencies like Bitcoin and Etherium are the most recent real-time implementations of Blockchain technology.
Scope of Blockchain Technology
As the world is moving toward more digitalization, businesses will have to look for faster and more accurate data processing methods that can help them send and receive information or data related to their financial transaction in a more secure, cost-effective, and instantaneous manner.
Blockchain offers an innovative solution to this problem, allowing you to share information immediately through an immutable ledger that can only be accessed by a limited number of permitted network users, i.e. the sender and the receiver of the value, while easing the process of transaction and tracking orders, payments, accounts details quite seamlessly. Besides that, Blockchain also allow you to see or verify the details of your end-to-end transactions, providing you a sense of greater confidence and essence of security.
Blockchain has wide-ranging applications. Whether it is IT, Fintech, Banking or real estate, defense, and health sector, Blockchain technology can be used to share confidential and personal information or to trade values for virtual assets in an end-to-end transactional manner, thereby ensuring a bright future for its vivid industrial applications.
Job Roles After Degree in Blockchain Technology
Here are a few highly paid job roles or lucrative career opportunities you can pursue if you have completed a degree in Blockchain Technology.
· Blockchain Developer (website and mobile application)
· Blockchain-Based Solution Architect
· UX and UI Designers for Blockchain-Based Web Platforms
· Legal Consultant for Blockchain-Based Startups
· Testing and Quality Engineers
