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How one developer changed careers
Until last year, Kuhrt had spent 10 years as a software engineer at PayPal, working her way up to its strategic architecture team where she was tasked to look at blockchain as a potential business platform. Kuhrt went on to design and implement a proof of concept for a PayPal rewards point program using Hyperledger Fabric , an open-source modular blockchain architecture.
Kuhrt is now in charge of connecting outside technologists to the Hyperledger's various blockchain initiatives, including its free training courses. Since the courses went online last year, 72, people have enrolled and 2, have completed the course work, according to Kuhrt.
Blockchain applications are being applied to healthcare record management, renewable energy certificate trading and supply chain management, among others. As enterprises and venture capitalists alike provide capital and credibility to blockchain initiatives, the industry's challenge has become the pace at which the technology itself grows. For blockchain to succeed, it will need a sustainable, accessible pool of elite talent, according to Luka Horvat, head of Talent Operations at Toptal.
While moving into a career as a blockchain engineer is no small feat, as it does require a significant time investment into becoming acquainted with the tools and related technologies, it's an excellent time to take the leap, said Horvat. To transition into a career in blockchain, the first step anyone would need to take is to pick the initial technology they want to work on, Horvat said. That can range from contributing to a core of open-sourced blockchains e.
Toptal sets a high bar for talent, requiring engineers to have a strong fundamental knowledge of blockchain and the underlying technologies — including cryptography and distributed systems — as well as some knowledge of how most public blockchains work, "which we test for using theoretical tests and coding tasks which are geared towards the technologies powering blockchains.
Blockchain developer positions come in all types, from hourly to full-time. The type of role depends on the size of the client and the kind of project or product it is working on, according to Horvat.
Regardless, the demand for blockchain roles whether hourly or full-time is skyrocketing. Toptal's client list ranges from startups raising funds via ICOs initial coin offerings to Fortune companies that are transferring major business segments to blockchain, Horvat said. The work developers are tackling varies from distributed programming to cryptography, private blockchains, decentralized applications and smart contracts, among others.
In a survey of Fortune executives by Synechron Inc. For the moment, those developers that do have experience in the field are in great demand. While the small number of developers will stand to benefit enormously in the short term, it will be essential to develop training programs, both by academia and in-house via the leading technology providers, according to Holden.
The Academy - School of Blockchain claims to be one of the only accredited schools for blockchain code training. For instance, if a professional has around three years of Blockchain experience, the annual remuneration can be as high as Rs 45,00, or even more.
This happens to be more than double of what a professional with five years of work experience however, with no experience in Blockchain tech would get. As for senior-level salaries for technology roles without Blockchain expertise was around Rs 1.
However, as the need for security has increased considerably across various sectors, particularly the BFSI sector, companies are willing to pay over Rs. Source: Payscale , Glassdoor. There is a significant gap in the demand and supply of Blockchain professionals in India.
Out of the 2 million Software Developers in India, only 5, professionals possess Blockchain skills. At present, public sector banks are leading the game by creating the highest demand for Blockchain Developers with about 4, specialists in this domain as of compared to 2, experts in Your email address will not be published.
Data Science. Leave a comment. VentureBeat Homepage. Blockchain proliferation requires a surprisingly far-reaching skill set that includes proficiency in app development, security, engineering, and other associated areas.
Meanwhile, AngelList , a job board specializing in startups, sees jobs involving blockchain development tripling from levels. CryptoCoin News reported that in November , the number of blockchain-related LinkedIn job postings had more than tripled over the past year. With the stakes so high, companies are finding interesting ways to fill the talent gap. Between today and , there is an enormous opportunity for organizations to build up the skill sets within their companies.
Some companies, including IBM, are devising their own training centers to fill the tremendous need for blockchain-related job openings. Equipped with an army of technically proficient professionals, IBM is using that knowledge and experience as a starting point for quickly training employees to develop blockchain technology. On a much smaller scale, Blockchain platform IOHK offered free summer blockchain classes to computer science graduates in hopes of getting more job-ready employees ready to contribute to its platform.
Therefore, companies are outsourcing blockchain development work to agencies and freelancers that specialize in this work.
MIT also a third blockchain course — part of its Professional Certificate programs. The Applied Blockchain certification course features hands-on experience with simulations and exercises with blockchain. This course is geared toward C-suite and decision makers in a wide variety of industries, including finance, law, education, and government. There are also specialty schools, such as Mountain View, Calif. The most successful students in B9lab's courses tend to have sysadmin experience and have worked with Javascript before, Hasse said, but "with the right amount of focus, we've seen people from different backgrounds do really well.
So we've seen a pretty broad variety of developers," he said. Currently, the easiest and fastest way to become proficient is to learn on your own or attend programs organized by blockchain vendors and industry groups, such as Consensys , Blockapps , the Ethereum Foundation and Hyperledger.
Under the auspices of the Linux Foundation, Hyperledger is a collaborative cross-industry effort created to advance blockchain technology. Its Hyperledger Fabric and Sawtooth modular frameworks can be foundations for developing distributed ledgers for businesses. While software developers tend to be the ones who sign up for blockchain courses, you don't have to be a coder to glean business-oriented knowledge of the distributed ledger technology or even learn to create blockchain networks for your company, according to Hyperledger Community Architect Tracy Kuhrt.
For example, Hyperledger offers an introductory course for business people who simply want to learn about how the technology can be applied to their environment. The course includes a primer for techies hoping to learn how to start building blockchain applications with Hyperledger frameworks.
Hyperledger's courses are designed to be completed in 40 hours, but there's no time limit for completing the courses. Developers who want to learn coding can take more specific courses on blockchain modular platforms, such as Hyperledger Fabric or Sawtooth. There are step-by-step instructions As far as whether or not it would be difficult for someone who doesn't have programming experience, I don't think that's where the challenge would be. I think somebody who doesn't spend a lot of time staring at command lines in a computer might have some challenges, but it really is intended to help anybody to get up and running and be able to see what's possible with blockchain technologies.
Until last year, Kuhrt had spent 10 years as a software engineer at PayPal, working her way up to its strategic architecture team where she was tasked to look at blockchain as a potential business platform. Kuhrt went on to design and implement a proof of concept for a PayPal rewards point program using Hyperledger Fabric , an open-source modular blockchain architecture.
Kuhrt is now in charge of connecting outside technologists to the Hyperledger's various blockchain initiatives, including its free training courses. Since the courses went online last year, 72, people have enrolled and 2, have completed the course work, according to Kuhrt. Blockchain applications are being applied to healthcare record management, renewable energy certificate trading and supply chain management, among others.
As enterprises and venture capitalists alike provide capital and credibility to blockchain initiatives, the industry's challenge has become the pace at which the technology itself grows. For blockchain to succeed, it will need a sustainable, accessible pool of elite talent, according to Luka Horvat, head of Talent Operations at Toptal.
While moving into a career as a blockchain engineer is no small feat, as it does require a significant time investment into becoming acquainted with the tools and related technologies, it's an excellent time to take the leap, said Horvat. To transition into a career in blockchain, the first step anyone would need to take is to pick the initial technology they want to work on, Horvat said.
That can range from contributing to a core of open-sourced blockchains e. Toptal sets a high bar for talent, requiring engineers to have a strong fundamental knowledge of blockchain and the underlying technologies — including cryptography and distributed systems — as well as some knowledge of how most public blockchains work, "which we test for using theoretical tests and coding tasks which are geared towards the technologies powering blockchains.
Blockchain developer positions come in all types, from hourly to full-time. The type of role depends on the size of the client and the kind of project or product it is working on, according to Horvat. With such high demand for blockchain-related freelancers, this option is not cheap.
Juniper Research reports that 57 percent of large corporations are either actively considering or already in the process of deploying blockchain technology. This approach is an interesting combination of traditional college recruitment, educational collaboration, and desperation.
A September report by MSNBC highlighted the growing workforce-ready population that can be trained to complete specific blockchain development functions. By providing well-paying jobs with limited training, companies can secure some of the talent they need to compete. A growing number of higher education institutes now offer blockchain training courses online.
All this demand for blockchain developers has placed a premium on those skills. Until that point, companies will continue to struggle to find adequate talent.
Bitcoin and other alternative currencies are becoming more ingrained in the mainstream financial system, and blockchain is growing in capability and usefulness. The race is on to find the most talented people possible to develop the most innovative technology available. Become a Member Sign In. General Newsletters Got a news tip? Free: Join the VentureBeat Community for access to 3 premium posts or videos a month. Learn More. Profile Log Out.
Master the Technology of the Future - Blockchain
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