Aspiring to build a successful career in Blockchain? Here are the top Blockchain skills that will take you towards a bright future.
New technologies spell new opportunities for the career of technical professionals. If you look up some of the rising job trends in the tech world, you will find promising demand for roles such as software developer, system administrator, database administrator, security engineer, solutions architect, and many others. However, you would also note Blockchain as one of the prominent in-demand skills for professionals in these roles.
Presently, the sector of Blockchain development is growing at a rapid pace. So, the demand for top Blockchain skills has increased in recent times. The blockchain ecosystem is obviously a new and dynamic repository of opportunities. Investors, entrepreneurs, and developers are confused about figuring out the rules of operations. Since Blockchain is a new technology, there isn’t a single individual who can claim expertise in every Blockchain skill.
Beginners can be overwhelmed with the introduction to digital wallets, cryptography, signatures, mining, and many other Blockchain-related terms. So, it is important to stay calm and reflect on the basic skills that you would need to strengthen your employment prospects in Blockchain. The following discussion highlights some of the notable Blockchain skills in demand that you must acquire for a Blockchain career.
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Top Blockchain Skills for a Better Career
Before diving right into the top Blockchain skills, it is important to reflect on the demand in Blockchain careers. The role of a Blockchain developer is among the many popular in-demand professionals related to the Blockchain landscape. The skill gap for Blockchain developers in the industry is high, with only one qualified professional available for five Blockchain developer job vacancies.
Most important of all, many of the Fortune 500 companies are chasing eligible and competent Blockchain professionals. Some of the notable names among them would include IBM, Capgemini, and Accenture. Therefore, it is essential for aspiring professionals to learn about focusing on enterprise objectives alongside the technical skills required for Blockchain-based jobs.
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One of the foremost mentions among basic Blockchain engineer skills refers to cryptography. It is basically the study of protocols that do not permit unauthorized parties to access data. You can find different essential concepts in cryptography that are crucial for various Blockchain-related jobs. One of the most important topics, in this case, would refer directly to public-key cryptography.
Public-key cryptography can ensure the foundation for transactions conducted via cryptocurrencies. Users need a wallet and a key for the concerned wallet to ensure cryptocurrency transactions. The key is significant evidence of an individual’s ownership of a wallet.
It is common to find cryptocurrency transactions associated with encrypting & decrypting public as well as private keys. Cryptography concepts also involve a focus on the crucial advantage of cryptographic hashing. Hashing is a process involving the production of output according to a specified length on the basis of inputs of variable length.
The hash function can accommodate information of 20 characters or 200 characters as input for rendering the output according to the length you specified. Cryptography is not only one of the top Blockchain skills that you must learn but also an essential component of the Blockchain landscape.
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2. Blockchain Architecture
One of the obvious Blockchain skills on resume that would garner attention refers to Blockchain architecture. Blockchain architecture is a fundamental concept in Blockchain that is mandatory for all professionals. It is important to understand the significance of a ledger in Blockchain, the meaning of consensus, and the working of smart contracts.
You must develop fluency in the three types of Blockchain architecture, such as private architecture, consortium architecture, and public architecture. Private Blockchain architecture is suitable for use cases involving limited participants in the system and is a popular choice among enterprises. The striking highlight of private Blockchain architecture refers to the lack of decentralization.
Consortium architecture, on the other hand, is not completely decentralized, and all members of the network have total authority. So, consortium architecture is applicable for use cases that involve groups comprising multiple organizations. The Public Blockchain architecture features the highest level of decentralization that allows participation in the network through conducting transactions or mining.
A detailed understanding of Blockchain architecture is one of the top Blockchain skills that showcase the breadth of fundamental understanding of an individual regarding Blockchain. Therefore, it is undoubtedly a prominent basic skill for improving your understanding of advanced concepts in Blockchain technology.
3. Data Structures
The next important mention among skills for Blockchain developer refers to data structures. Blockchain professionals have to deal with data structures on a regular basis for the development and implementation of networks. The whole Blockchain network comprises of data structures, and in the most basic sense, a block also serves as a data structure. Blocks serve as clusters of transactions related to the public ledger due to their container data structure and the public ledger serving as the Blockchain.
Data structures are one of the top Blockchain skills because they help in understanding the basic functionality of the most fundamental component in Blockchain, i.e., block. Blocks contain a header that is almost 10,000 times smaller than the block itself. Learning about data structures would help in developing a strong foundation for understanding advanced concepts faster and better.
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4. Smart Contracts
Smart contracts are also a formidable entry among top Blockchain skills for all aspiring professionals. Beginners in Blockchain must understand that smart contracts are a common term in the industry since the days of the introduction of Ethereum. As a matter of fact, basically, all Blockchain solutions want to leverage smart contracts for their advantage.
Smart contracts help in conducting transactions of goods or services without the need for any intermediary. Smart contracts are executed only after the parties involved in the transaction comply with the conditions of the transaction. The efficiency of smart contracts is primarily due to the decentralized nature of Blockchain.
Therefore, smart contracts find applications in many industries, including construction, law, and other sectors. The basic reason for focusing on smart contracts as one of the top Blockchain skills is their capability to remove middlemen, thereby providing cost and resource effectiveness.
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5. Knowledge of Business Drivers and Expected Outcomes
Apart from the technical Blockchain skills in demand, beginners must also focus on enterprise aspects of Blockchain implementation. It is important to gain a thorough impression of the business drivers for the adoption of Blockchain. In addition, beginners must gain a comprehensive overview of the expectations of businesses from Blockchain solutions. Understanding the various factors that motivate enterprises to adopt Blockchain could help in refining your strategies.
Furthermore, newcomers can gain exclusive insights on the best practices for achieving desired enterprise outcomes from Blockchain solutions. Basically, you have to look at Blockchain beyond its identity as a reliable technological investment opportunity. Knowledge of business drivers and outcomes can help beginners find the ideal routes for improving their skills and efficiency further.
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6. Interoperability Skills
With the rise in many cryptocurrency alternatives and distributed applications, it is reasonable to expect growth in communication complexity. Therefore, enterprises would focus largely on interoperability between different Blockchain. As a result, interoperability is also one of the basic top Blockchain skills and a notable part of the Blockchain ecosystem. Business owners look forward to the development of systems with open-source models, and interoperability skills can help you support these business objectives.
The best aspect of learning interoperability is the improvement in the versatility of your skills. Most important of all, skills and hands-on experience can help beginners specialize in the integration of existing systems with Blockchain applications. Therefore, interoperability skills can provide an adequate boost for your employment opportunities for Blockchain-based roles in large-scale enterprises.
7. Cross-Disciplinary Expertise
The most effective approach for beginners to achieve promising expertise in Blockchain is the T-shaped approach. Beginners must learn the top Blockchain skills horizontally as well as vertically for achieving impetus in the Blockchain industry. Cross-disciplinary skills are mandatory for solving various problems by distributed applications that utilize Blockchain.
For example, you may find use cases that require integration of AI or IoT with Blockchain for developing a solution. On the other hand, you could also face use cases that require the development of manufacturing applications based on Blockchain. Therefore, Blockchain professionals need a broader spectrum of knowledge and expertise to achieve success.
Most important of all, it is essential to develop every Blockchain skill required right from the inception of an application to its deployment. An important fact to consider, in this case, would be the universal nature of Blockchain. By itself, Blockchain is nothing. However, you can achieve wonders with it by combining with other technology and address business objectives to deliver value.
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8. Using Blockchain as an Instrument of Simplification
Common assumptions always paint Blockchain as a complex technology. Furthermore, the wider range of skill requirements to learn Blockchain also presents valid evidence for the same. So, another one of the top Blockchain skills refers to the use of Blockchain for simplifying complexities. A detailed understanding of the Blockchain technology can help you perceive problems and use cases from different perspectives.
For example, the distributed nature of Blockchain can provide support in complex processes. Similarly, Blockchain also helps in simplifying cross-border transactions. At the same time, beginners must also take note of the setbacks with Blockchain, such as transaction speed. However, starting with simple solutions can establish the foundation for using Blockchain to simplify even high-volume, time-critical transactions.
9. Practical Experience in Designing Blockchain Solutions
The formidable requirement from a beginner in Blockchain is hands-on expertise. Enterprises look for practical experience as one of the top Blockchain skills for various Blockchain-based job descriptions. The Blockchain industry is presently growing at an aggressive pace with individuals keen on the implementation of new ideas.
Therefore, beginners must focus on innovating new ideas that can contribute to the development of new Blockchain solutions. Blockchain would slowly progress to its peak stage only through the contributions of new ideas. Beginners can identify areas that can provide the foundation for developing proof-of-concept services. In the long run, such ideas can transform into reliable and promising business opportunities in the Blockchain landscape.
10. Blockchain Standards
The final mention among top Blockchain skills must include references to the knowledge of Blockchain standards. Participation in the Blockchain community through Hyperledger working groups and ISO/TC 307 initiatives can help in learning about standards pertaining to concepts and terminology.
In addition, beginners have to gain fluency in standards of security risks and vulnerabilities and personally identifiable information. Blockchain consortiums and academic institutions can provide adequate opportunities for beginners to learn about the advocacy of Blockchain principles and standards to foster a progressive Blockchain landscape.
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Ready to Gain Top Blockchain Skills?
You can clearly notice that the list of top Blockchain skills is quite long and comprehensive. Since it is different from a database technology, Blockchain requires you to gain a broader and deeper reach in terms of skills. The above-mentioned skills strengthen your foundation for understanding all Blockchain principles and the best practices for Blockchain technology.
In addition, you can also understand the approaches for the application of Blockchain principles and practices in business environments with these skills. Blockchain is an infant technology even after more than a decade of its introduction. So, specializing in Blockchain skills can ensure lucrative employment opportunities in the long-term with promises of productive career development. Enroll in the Free Enterprise Blockchain course and start learning Blockchain skills right now!
If you have gained significant Blockchain skills, you can also validate your skills with Blockchain training and certification. Check out our list of Blockchain certifications and get ready to become Blockchain certified.
*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!