Blockchain is particularly useful when cross-organisational data is involved. The technology makes it near impossible to modify the data, and that enables trust within the network of organisations involved.
In India, over 14 states, including Karnataka, Andhra Pradesh and Telangana, are running blockchain pilots and projects, and various organisations that have traditionally been competitors are coalescing into industry consortiums to leverage the technology.
Blockchain in India is still in its initial stages, says Manish Jain, partner, digital and fintech, KPMG India. “We could see hiring happening more at the senior architect level. Mass hiring is still some time away,” he says.
Digital lending company CredRight’s co-founder Neeraj Bansal says the startup has been looking for Ethereum (blockchain-based platform) developers who can work with other blockchainbased third-party products. “The demand for blockchain developers and project managers is very high, but availability of talent that can guide startups is very limited,” he says.
Who should upskill?
Blockchain technology is relevant for coders who could look to build blockchain products. It is also relevant for tech managers/ project managers/ tech architects looking at product development and architecting solutions.
It is relevant for banking and finance, legal and other professionals who are evaluating use cases for blockchain application.
Blockchain coders need to have coding experience, preferably in Java, and a good sense of mathematics. It’s also essential to have knowledge of both the foundational development aspects (of Ethereum, Hyperledger Fabric and Composer) and functional aspects (hands-on projects and case studies).
Mayank Kumar, co-founder of edtech platform upGrad, says while the majority of the learners who enrol for the blockchain programme is from tech backgrounds, 30% are finance professionals and 10% are healthcare professionals. “We have seen over 120% quarterly rise in enrollments for our programme launched in September 2018,” he says.
Development enthusiasts: Professionals with 2-5 years of experience who aim to understand, develop and deploy the network from scratch. They are wellversed in development platforms like Hyperledger and Ethereum.
Tech architects: Professionals with 7-10+ years of experience in the IT industry, with a strong affinity towards development and implementation of technology.
Blockchain managers: Professionals who have spent over 10 years in the IT industry and who understand the business applications of the technology, and are domain experts
If you are thinking of a career in emerging technologies like blockchain, cybersecurity or artificial intelligence, you should be at RACE360, an emerging technology conference in Bengaluru organised by REVA Academy for Corporate Excellence (RACE) and supported by The Times of India. Among the speakers are Dilip Khandelwal, MD, SAP Labs; Deep Thomas, chief data and analytics officer, Aditya Birla Group; Vishal Salvi, CISO and head of delivery cyber practice, Infosys; Pravin Hungund, CTO, Wipro; Sandeep Vijayaraghavan, VP, cybersecurity practice, Terra Logic; and many more. Apart from the knowledge sessions, there will be workshops, hackathons and panel discussions.
Who should attend: Working professionals
Where: Hotel Lalit Ashok, Bengaluru
When: August 28
To register, log onto: www.race360.in