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Category: COE

Is It Worth Doing a Masters In Blockchains And Cryptocurrencies?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

It isn’t just data that increases by the minute. With the phenomenal growth and use of data and the technology to use it for analytics the demand for education and training is certainly also increasing every minute. So are the jobs and demand for trained professionals.

The blockchain technology with its root in cryptocurrencies forerunner Bitcoin is one of the innovations that has transformed digital money transactions. And since money and business go together it has worked excellently for all industries associated and has become a part and parcel of every new innovative solution in industries like real estate, healthcare, sports, banking, logistics, insurance and you name it!

Doing your masters in Blockchain is certainly a good idea and can help you make a career in this nascent field if you have a reputed and reliable training partner like Imarticus Learning. Let us explore why such an option will help since so few training institutes offer this option.

How training courses help:

Aspirants for a Blockchain career will find that there are quality institutes that offer masters in Blockchain training. Here are some benefits of doing such a course.

  • They offer courses for professionals upgrading their skills as well as for the career-starters or freshers.
  • Blockchain technology is a practical-oriented course that cannot be learned in isolation. Hence practical vertical-relevant training becomes essential and can help you stand out from the other aspirants.
  • The professional certification offered is generally accepted as a measure of your skills and practical applications. The more reputed the institute or certifying authority the better the course is.
  • Employers look for certifications when hiring since practical skills of the job aspirant will add value and help explore the scalability of blockchain technology.
  • The training courses are affordable, offered in both classroom and virtual modes or a combination of them, and focus on providing practical skills of the adaptive blockchain technology.
  • Such training courses are generally short and intensive ways of making a career or a career change in the emerging fields.
  • The project work, assignments, case studies, etc add to your portfolio and are industry-relevant.
  • Most reputed training partners are professionally accredited with the best-in-the-industry certifying agencies.
  • There is a wide variety of online resources that are explored in such training courses.
  • Such certifications often offer credits and PDUs which allow you to take professional certifying examinations where experience is needed. The credits indicate you have the right knowledge and practical skills which can be used to measure and certify you as a professional.

The top training options:

The top institutes who offer a formal degree like the masters in Blockchain are: 

  1. The Liechtenstein University is among the Blockchain training pioneers. They offer both fintech and blockchain training courses as a Certificate course. One of the most friendly and open countries the Liechtenstein government is contemplating a new Blockchain Act which will ensure standards and measures to regulate the use of this potentially useful technology.
  2. The Cyprus based University of Nicosia does offer the first formal MSc- Digital Currency degree. This online degree is alliteration for the masters in Blockchain.
  3. The first course with blockchain accreditation is offered by UCLA. The course is new on the blocks and offers 4 credits on blockchain technology.
  4.  Reputed universities like the MIT, Stanford, Princeton, NYU, and many others also offer courses on blockchain and Bitcoin technologies in both formal and MOOC modes.
  5. Doing a full-time career-oriented training course at a reputed academy like Imarticus with the Blockchain Course. A large number of reputed training institutes like Imarticus Learning have mushroomed globally who offer excellent and practical-oriented training courses with certification.
  6. Accredited training partners of reputed universities like Imarticus, upgrade etc also offer online PG courses in blockchain technology.
  7. Large tech companies like the Linux Foundation are also interested in training people on blockchains and offer training courses.

Conclusion:

The blockchain technology is booming and it has the potential to disrupt any industry it is used in. Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. High demand for professionals with professional certifications makes blockchains an excellent career choice because the industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

The Blockchain courses offered by Imarticus Learning is excellent because it also offers modules on personality and resume development along with a vertical-specific syllabus and assured placements to help you get a career head-start in this promising industry. Start your course today!

For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Delhi, Gurgaon, and Ahmedabad.

4 Trends That Will Rewire The Inner Workings Of The Fintech Industry

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Fintech has become the umbrella term for technological infrastructure in the liquidation of fund assets in the capital markets, payment processing, modern digital payment lanes, and such applications of hardware and software. The last two decades especially have seen many fintech entrepreneurs innovate and fill the gap for effective, fast and cheap solutions in wealth and financial transaction processing.

Agile entrepreneurs now find they can create space for greater innovation based on blockchains which itself is one of the biggest trends in the financial and technological developments of the last decade discovered through the emergence of cryptocurrencies. Here are the top four trends that can create space for greater innovation directed at rewiring the Fintech industry’s innards. No particular order of importance is present in evaluating these trends which are all equal and depend on how each one is exploited for maximum gains.

1. Quantum computing

The binary code based of modern computers interprets as zeros and ones where the binary digit is reflective of a deactivated or activated binary state. Quantum computers use this as a basis which takes advantage of quantum-phenomena such as superposition and quantum entanglement to turn performance levels into super- or quantum computing thus transforming costs, performance and lower energy utilization costs.

Modern times and developments are using quantum computing to help with risk and performance modeling, processing and settlement of transactions, better security and faster data processing. IBM’s quantum computing tools are being used by Barclays and JP Morgan according to Cabling.

2. Artificial intelligence.

Robotics and AI are doing repeatable tasks better than the humans with technological advancements resulting in faster processing, better user experience and lower overall costs. AI and advanced quantum computing technologies have the potential to minimize the costs of advisors and vendors in the financial industry. Technology will develop and continue to optimize information access while reducing costs and providing better returns and more effective programs.

Pacific Wealth Solutions uses AI and quantitative computing to monitor and analyze investments in wealth management, insurance, etc with excellent ROIs and solid returns. AI also offers a very practical Regtech tool to manage risks in the portfolio while taking care of regulatory compliance. AI has tremendous scope for improvement in the fintech industry where recent developments like blockchains are being used in tandem for faster, more transparent, decentralized financial transactions at little or no fees.

3. Cryptocurrency, blockchains and decentralized financing.

DeFi-Decentralized financing was ushered in by the blockchains and cryptocurrency entry. The open protocols worked well for MakerDAO on an Ethereum platform, when selling the Dai decentralized loans and the Nexus Mutual insurance product as an alternative to slow traditional banking and dealing with financial institutions.

Consensys, Chargezoom, TomoChain, and Stably are exceptional performers who have been successful in using applications that are decentralized, zero-fee, blockchain-enabled and transparent alternatives to traditional finance technology. Stablecoins akin to cryptocurrency are not volatile and are smart answers to everything between the margin loans and smart custody. Even Facebook intends to introduce its own stablecoin that can be used for trading for goods on e-commerce platforms and brick-mortar establishments too.

4. Payments platforms:

Fintech trends prove that the platforms of payments processing are the buzzing trend of their foray into the financial sector. We have smartphone users preferring one-click payments on Google Pay, Apple Pay, and Samsung Pay. States The New York Times, Facebook is planning to come out with a coin. Integrate this with the e-commerce stores like Alibaba, Flipkart, and such and the Shop in Instagram feature and there can be no doubt that such platforms are here to stay. The banks are not taking things lying down and are looking to upgrade at the earliest to derail the foray of private players in the banking sector which has held control over this field for long.

Conclusion:

Whether you are an entrepreneur or a career seeker, Fintech is the answer to being technologically abreast of developments in an evolving and financially satisfactory career. If you want to exploit the advantages of open finance, quantum computing, AI tools, then the fintech industry is at disrupting. Do a Fintech Course and blockchain technology at the Imartcus Learning Institute to emerge career ready. Start your dream career today!

What Makes Blockchain The Most Disruptive Career Option?

Posted on by Imarticus Learning
Reading Time: 3 minutes

The potential of blockchain technology to transform and disrupt any vertical it is used in has thrown up burgeoning demand for professionally trained personnel to man the growth. The demand has outstripped supply of blockchain-knowledgeable professionals. 

Essentially, this means there are well-paying jobs with ample scope and growth, across verticals that make this an excellent and exciting career choice for young career makers and professionals alike.

Blockchain technology is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively every industry.

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India for professionals with Blockchain Training were above the national average salary by a considerable amount!.

Why blockchain technology?

The increase in demand for professionals to man the jobs generated is tremendous and offer excellent job scope and demand that is expected to last over the next two decades.

Blockchain Training provides the quickest way to land one of the well-paying jobs spawned across many industrial sectors.

Let us explore how some of these benefits them.

The Banking segment—Blockchains offer safe, transparent and instant digital transactions with low fees as against traditional transactional methods. The banking segment has embraced technology and stands poised to reap the many benefits of adopting such technologies. An infrastructure which is blockchain-based enables the cross-border payments at remote locations instantly with immutable consensual digital records of time-stamped secure transactions.

Logistics, marketing, and supply chains—Witching to blockchains makes marketing, logistics, and supply chain segments and verticals almost error-free and require no intermediaries. Thus monitoring instantly and stock-taking is more accurate human-error free and consumes less time resulting in huge savings in terms of personnel required to man operations, costs, effort and time.

Real Estate – This segment depends on records primarily and because blockchain technology is consensual between parties and verified across all nodes on the network a fraudulent or altered property deal is an impossibility. The digitization of land-records and the permanent storage and traceability of transactions makes the adoption to blockchains the next logical step in fast-tracking digitized smart contracts.

Sports, insurance, and healthcare— These sectors will switch to blockchains to provide solutions to reducing confidential record-keeping hassles and using the instantaneous accuracy and immutability of the records of medical histories as a plus point.

Entertainment and media—The adoption of blockchain-tech can resolve issues of privacy, royalty, and rights in these areas making the authentication and reward for creativity process transparent and sans intermediaries.

Other verticals—With similar trends across other verticals like law, crowd-funding, retail, eCommerce, investment platforms, cryptos and more integrating blockchains into their operations.

Skills required:

Most Blockchain Trainingapplications today are Python, Golang and JavaScript based. The trending tools, languages and technological suites required for a career in Blockchain today are:

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Top jobs:

Among the career choices available specifically in blockchains are those of the

  • Developer
  • Architects
  • Consultants
  • Blockchain Engineers
  • Certified educators

Blockchain tech is lucrative:

Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation. Blockchain Course is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals.

Key Takeaways:

Blockchain technology is truly the most disruptive career option. Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt any industry it is used in.

High demand for professionals with professional certifications and Blockchain Training makes blockchains an excellent career choice because the industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

Blockchain career aspirants do not need any mandatory qualification like a degree. The beauty of blockchains lies in the fact that at Imarticus Learning you can quickly and easily pick up the practical skills required.

Coupled with assured placements and certification this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus Blockchain Course today! For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Is Mathematics Required To Implement Blockchain Solutions in Business?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Yes, the good mathematical ability will be required if you intend to implement blockchains in business. Especially when you are a data analyst, ML programmer or in the finance areas of the business. And, it isn’t just data that increases by the minute. With the phenomenal growth and use of data analytics and the technology for it, the demand for education and training is certainly also increasing every minute. So are the jobs and demand for trained professionals.
Data is today’s gold in businesses. Blockchains use the scrutiny of information to analyze data using various techniques and tools. The results that the data analysts derive from the data available are used by their employers or clients to make informed decisions. So also programmers, algorithm writers, architects and engineers in blockchain technology all use data, databases from various sources, and the principles of analytics which include mathematics, probability, SQL, and such concepts for making predictions and gaining insights from data. Thus, one will need mathematics to gain Blockchain certification and understand how the blockchain technology works.
The blockchain technology with its root in cryptocurrencies forerunner Bitcoin is one of the innovations that have transformed digital money transactions. And since money and business go together it has worked excellently for all industries associated and has become a part and parcel of every new innovative solution in industries like real estate, healthcare, sports, banking, logistics, insurance and you name it!
Let’s explore what you need to scale a blockchain solution. Doing your Blockchain certification is certainly a good idea and can help you make a career in this nascent field if you have a reputed and reliable training partner like Imarticus Learning.
The skills needed for blockchain experts:
To be successful as blockchain implementer you will need the following skills:
Excellent mathematical ability: Your comfort levels should include statistics, algebra, calculus, financial formulae and the techniques of data analysis.
Knowledge of financial concepts: Solving of logic, business problems and transactions on blockchains will need the ability to resolve common transaction problems like interest calculations, depreciation, compound interest, statistical concepts like mode, mean, median, averages, etc.
Presentation skills: To make your presentations understandable you will need a good working knowledge of Microsoft Excel, the use of graphs, charts, tables and more. This is important as not all people will understand your inferences without good presentation skills.
Programming languages: Most applications use Javascript (including Java, JavaScript ES6, JSON), Golang, R, Python and the C suite for blockchains and apps. You need proficiency in programming languages like C, C#, R, Java, Python, MATLAB, PHP, etc to manipulate and effectively use data. The more the languages you learn the better.
Data cleaning, manipulation, analysis, and management: Data scientists and analysts will score if they have the ability to handle languages like HIVE, SQL, NoSQL, HyperLedger Fabric and such languages. Queries and requests are important aspects of data manipulation and hence popular tools like Cognos, SAS, Microsoft Power BI, Oracle Visual Analyzer, Tableau, Simplicity, Serpent, Solidity, Go, Rust and more are best learned to handle blockchain implementation.
Great domain knowledge and interpersonal skills: A good implementer has to excel at interpersonal skills to be able to achieve blockchain scalability. It needs team efforts, good management skills, and the ability to be able to accept feedback as no standard procedures may be present in the emerging field of blockchains. Collaboration, Communication, and Contribution are the three C’s to success!
The top blockchain jobs:
According to Glassdoor statistics, the career choices available specifically in blockchains where the Blockchain certification counts are those of the

  • Developer
  • Architects
  • Blockchain Engineers
  • Certified educators
  • Consultants
  • Market Research
  • Sales Officers
  • Logistics Officers

Blockchain technology benefits:
Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation.
Key Takeaways:
Blockchain certification is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals. Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt any industry it is used in. The high demand for professionals with professional certifications makes blockchains an excellent career choice. The industry is in dire need of professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.
Start your Imarticus Blockchain course today! Also for more details, you can also search for – Imarticus Learning and can drop your query by filling up a simple form from the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Delhi, Gurgaon, and Ahmedabad.

What Kind of Jobs Should Young Business People Look For Blockchain Startups?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Blockchain technology is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively and every industry. However, the cryptocurrency markets shed almost 79 percent of their capital and the field is dogged by regulations and legal hurdles as of now.

The present fintech job market:

For terrible market and economic conditions, youngsters still love the fintech career in the blockchain field because of its potential and the emerging thrust for fintech industries. The crypto market from where it originated seemingly has had no impact on the hiring process and scope for the blockchain segment.

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India were above the national average salary by a considerable amount! Upwork states that for employers the most sought-after skill was blockchain technology.

Even venture capitalists in 2018 have boosted their investments 280% in blockchain industries. All these statistics are excellent for those who are interested in making their fintech career. Of course, finding the right stable job involves doing a course to develop your skills, researching jobs and the job market, training for interviews and much, much more. It is still worth it at the moment.

So, let us quickly look at what jobs are being the leaders for recruitments.

The required skills:

The trending tools, languages and technological suites required for a fintech career today are: 

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Among the soft attributes required you must include

  • Innovation and creative thinking: These attributes are important in every evolving field where standard practices and technologies may not always be available. Remember to simplify attitudes and think afresh.
  • Intent, dedication, and passion: Understanding the intent of technology helps achieve the results for a better experience for clients who have a passion for new technologies. These attributes are a must with dollops of dedication thrown in.
  • The will to learn and humility: Emerging technologies and companies may be unstable. The will to learn helps build humility and the ability to take things in your stride in spite of hurdles.
  • Team spirit and communication skills: These attributes are non-negotiable for lean teams who are cross-functional and use Agile practices.

Basically, one must believe in the job and contribute to the company’s growth using the jumble-box of attributes and all skill sets mentioned above.

The top draws:

According to Glassdoor reports, youngsters will find the top US Fintech career jobs in Blockchain firms are:

1. Software Engineer: The payouts are in the range of 90,000-145,000 USD and in the US Blockstack, Chronicled and Axuall is recruiting.

2. Technology Architect: Companies like Bank of America, Amazon/AWS and the State of Colorado are hiring with payouts ranging from 100,000-160,000 USD

3. Product Manager: The salaries can run from 85,000-130,000 USD at companies like JP Morgan Chase, Cynet Corp, and Mediaocean.

4. Risk Analyst: These can get paid salaries from 85,000-105,000 USD and can find recruitments in Bank of America, Electric Power Research Institute, Veem, and such companies.

5. Analyst Relations Manager: The job fetches a median salary of 50,000-125,000 USD at companies like IBM, R3 or Accenture.

6. Front End Engineer: These can get paid between 70,000-125,000USD at companies like Binance, Gem, and Ford Motor Co.

7. Legal Counsel: These jobs pay 100,000-190,000 USD at recruiting companies like Consensys, Figure, and BitGo.

8. Business Analyst: The payouts here are 80,000-105,000 USD at hiring firms like NuArca, Bittrex, and IBM.

9. Cryptocurrency Community Manager: The job has a median payout of 35,000-95,000 USD at companies like Zeus Protocol, Dolare and Crowdcreate.

Parting notes:

In spite of a bad start, the blockchain industries are hiring and investing in the capital of human nature. Training in blockchain technology and certifications are popular with reputed institutes like Imarticus Learning.

Whether you love coding or are just looking for jobs in the next big sector try doing a Fintech course on Blockchain technology to launch your fintech career. Put your best foot forward with them for a successful career. All the best!

What Are Evolution of Fintech or Financial Technology?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Technology and Finance have gone together for time immemorial. Initially, it was about making and maintaining records of financial transactions and later the introduction of coins, paper currency and promissory notes in the early 19th century. In modern times and about a decade ago Fin and Tech have got amalgamated into the era of fintech.

The early internet age:

Did you know that Fintech Courses teach you that the past 5 years cable under the seas far exceeds the cable network over the last 150 years since data and volumes of traffic have increased immensely? The first under-sea trans-Atlantic telegraphic cable fondly called Victorian internet-connected North America to West Europe and was in use since 1867. Financial markets at New York could connect to London, Asian markets, Europe, etc with its expansion. Forex references to GBPUSD also call this the cable-pair as most transactions were between the USD and GBP.

The laying of cabling infrastructure helped globalization and financial interactions between the period from inception in 1867 to 1914. The outbreak of WWI, the 1929 stock market crash and the Great Depression led to the slowing of the markets for over 25 years. During WWII codes and code-breakers were developed by the Germans and Britishers respectively. Communications in those days were through codes and set the initial foundation stone for coding. Just look at the German encoder shown below! It was the ability to build the decoders that leaked the German communications that led to an inversion of fates and an early end to WWII.

The ATM and calculator era:

The second phase of fintech began in 1967 with the digitization of analog to digital systems. It was also the beginning of RegTEch and early use of Fintech in development. The first ATM machine placed in the UK in Barclay’s Bank was the introduction and initiation of fintech. With more machines being made available the way people transacted and their relations with technology and finance changes irreversibly. Soon we saw the introduction of computing power in the TT 2500 DataMath hand-held calculator from Texas Instruments. This slowly evolved into today’s smartphones.

The electronic age:

The period between1970-80 saw the introduction of banking SWIFT codes and payment systems both international and domestic in 1973. SWIFT-(Society For Worldwide Interbank Financial Telecommunications) with its HQ in Belgium covered over 15 major countries and 239 banks. Today it is a portal for financial communication with 11,000 institutions and is the global payment system portal for financial communications. Between the ’70s and ’80s emerged NASDAQ the stock exchange with almost no human interference. The launch of the internet in the late ’80s saw internet banking and brought smart mobile phones into the hands of the common man.

Stock markets and payment systems: 

1999 saw .coms start and soon end. The 2008 financial crash brought into the limelight the distrust of customers and the start of the blockchain technology and cryptocurrencies. It also saw Siri, Google, Amazon, etc enter the digital assistant and payments platforms to revolutionize the financial scenario. Alongside e-commerce platforms emerged like TenCents, Alibaba and many others who all cashed in on the immense benefits of being early fintech players who have nearly replaced the way we shop, transact and buy things.

The present scenario: 

With the advent of smartphones, data analytics and the startup revolution Fintech post the 2008 financial meltdown emerged with blockchain technology being touted as the next big technological breakthrough. Blockchains have the potential to transform and disrupt the industrial scenario with cryptos, eCommerce platforms and digital currencies taking over. P2P lending, crowd-funding, angel investors and a complete transparent digital financial world is where we definitely are headed to.

Conclusion:

The evolution of fintech has been gradual and over the last decade, fintech is set to transform and disrupt many an industry. This makes the demand for personnel high and scope for jobs huge. Payments are also good and it makes a wise choice as a career. The fintech industry needs a large number of qualified personnel and is set to grow rapidly with even governmental policies promoting its growth. Incubators, startup hubs and integration of technology into all streams of life is the new mantra.

Do your Fintech courses at Imarticus Learning to get the ideal launch with assured placements. For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Banglore, Gurgaon, and Ahmedabad.

How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

The Ethereum and Bitcoin blockchains are superficially the same, in that, both cryptocurrencies use blockchain technology and are the most popularly known cryptos of the 20th century. A bit of learning at any reputed institute for Fintech Training will be able to explain the differences in the blockchains. That’s what we will explore in the next few paragraphs.

The basics of blockchains:

Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more. Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security. The benefits offered by Blockchain technology are

  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process.
  • The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter.
  • The peer network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User-authentication and verification, use blockchain technology sans third-party interference.
  • Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  • The ledger is distributed over all Blockchain nodes in real-time.
  • Data is always retrievable and never lost.
  • Transparent transactions ensure the viewing parties are verified users and reduce transactional ambiguities.
  • Blockchain time-stamping ensures a recorded chronological order.
  • The source of the ledger can be tracked at every block of the chain.
  • Consensus between the parties ensures duplicity and fraud are removed.
  • Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

How the blockchains differ:

2009 saw Satoshi Nakamoto invent the Bitcoin as a peer-to-peer cash system which works electronically and replaces the older inefficient banking system. The protocol or Bitcoin’s blockchain was a perfectly transparent financial transaction where data was stored in blocks and interlocked together by hashtags and cryptography.

Since each block carries the signature of hashtags of the previous block, the resultant blockchain is immutable, needs verification across all nodes and works only on authentication. All this, at literally zero fees! The record of transactions can be traced back to the source and all along the chain. The distributed and decentralized system is peer-to-peer, secure and sans any intermediary.

Use of Bitcoins became the way to avoid those bank fees and lengthy authorization processes when transacting. One could avail Fintech Training and use the Bitcoin instead of paper-money and send money across to remote places in completely secure transactions with the click of a mouse. Bitcoins don’t care who is transacting and how much. It could even be used by AI-enabled machines or robots! Bitcoin is uncensored digital money worth its weight in gold!

In contrast, Ethereum blockchains go beyond just being a peer-to-peer blockchain payment transacting platform. Ethereum’s blockchain can do more and uses its platform to create smart contracts and DApps which execute and store the logic coded for creating them. The fintech training partner the Ethereum platform can transfer and supports the digital currency and DApps. Ethereum can also execute the smart contract using the “if-this-then-that” coded logic and condition coded in its blockchain.

In its functioning, one can use the Ethereum crypto, digital wallets, the native programming language, smart contracts enabled by Solidify and more. Thus bank fees, escrows, and intermediary agencies can be totally avoided. Some of the examples are Airbnb, eBay, OYO, Upwork, and Uber. Hence Ethereum is programmable money!

Parting notes:

Bitcoin platform and the Ethereum Blockchain are not in competition and are designed for different purposes. It is rumored that Bitcoin will shortly be powered with the lightning network which when launched could bring in competition between the Bitcoin and Ethereum Blockchains and apps dependant on them. Till then both technologies work well for resolving modern complexities.

There are very many jobs on offer in the blockchain segment and these are well-paid too! It is a step in the right direction to make a career of Blockchains and fintech since they are growing and demand outstrips personnel supply. At Imarticus Learning the fintech training has an excellent course curriculum, assured placement, soft-skill and resume building module and an industrially well-accepted certification. Rush, since admissions are limited!

For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Can Business Benefit From Blockchain Tech?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Bitcoin is the best example of blockchains succeeding and the beginning of the use of blockchains in all technologies to improve efficiency, accountability, transparency, and productivity at reduced costs for a wide variety of businesses.

Technology today is part and parcel of every business and industry where data is used. Without exceptions and across financial services, global supply chains, healthcare, government, insurance, real estate and banking sectors among many others have benefitted from blockchains. Ways and means to use the Blockchain Certification to transform and disrupt industrial growth and businesses are the subject matter of every innovator on the web.

Let us explore how the blockchain can transform your industry or business model.

1. Transactional transparency:

Record keeping and maintaining transactional histories use blockchain distributed ledgers where all network users can verify the recording of the shared documentation. The altering, deleting or tampering of records is near impossible as every block transaction carries a copy of the previous block in unique hashtags and needs verification before being added to the block.

This means duplicity, frauds, altering documents becomes impossible as the sequence has to be changed across millions of network users and needs the consensus of all users on the network to timestamp and record the transaction. The result is a precise, accurate and immutable record shared to permission-enabled users in a transparent and sans intermediary transaction.

2. Verification and top-end security:

Consensual transactions ensure transparent recording. Every transaction is verified, approved, encrypted and linked through cryptographic means to the previous transaction. Publishing for verification in real-time ensures information is stored across every node of the network to make the hacking, data-loss and privacy of the network a 100% fail-proof system.

3. Better record keeping and traceability:

Tracing the source of products in a chain is difficult enough. By recording them on blockchains the logistics, marketing, record-keeping, product lists are all stored on blockchains to ensure finding the source or origin easily in real-time. Imagine how the product deliveries in a food-chain can be tracked to even account for spoilage and refrigeration details!

4. Speed, efficiency, and ease-of-use:

Paper transactions can be completely avoided by recording on blockchains. This also reduces human errors, third-party mediation, ledger keeping, and many such benefits. Sales are quicker and settlements hastened as proven by e-commerce platforms when blockchains are used since the records are stored on blocks shared in real-time across authorized users requiring a single distributed ledger for the entire network of users.

5. Cost reduction:

No intermediaries need be present meaning lesser costs on the recording, verification, and record-keeping. Where cost reduction is a priority blockchain can be relied upon for the trust, accuracy and transparency factors to help with improved efficiency and increased productivity.

A bit on blockchains:

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security.

  1. User authentication and verification using blockchain technology sans third-party interference.
  2. The blockchain data structure is contained in the append and causes the data to be immutable, and impossible to delete or alter.
  3. The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process.
  4. Ledger consensus and record keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  5. Blockchain time-stamping ensures a recorded chronological order.
  6. The ledger is distributed over all blockchain nodes in real-time.
  7. The peer network has all transactions on the blockchain overall interconnected computers thus decentralizing the system.
  8. Data is always retrievable and never lost.
  9. Transparent transactions ensure the viewing parties are verified users and reduce transactional ambiguities.
  10. The source of the ledger can be tracked at every block of the chain.
  11. Consensus between the parties ensures duplicity and fraud are removed.
  12. Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

Conclusions:

The blockchain technology is being popularly lapped up by governmental agencies, insurance firms, banks, real-estate sectors, for medical record keeping and much more where unauthorized access is limited and verification of users critical. Yes! Blockchains can be applied to all businesses without any problem to reap the very many benefits in improving accountability and efficiency of transactions.

However, to know what and when to do with this technology is an important area best tackled by doing a Blockchain Course at Imarticus Learning. Go ahead and learn it all starting at Imarticus’ course today! For more details,  you can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Banglore, Delhi, Gurgaon, and Ahmedabad.

Why Does Fintech Business Increasingly Prefer Python As a Primary Programming Language?

Posted on by Imarticus Learning
Reading Time: 3 minutes

The last decade has been all about FinTech which has played a crucial role in many areas of financial transactions through smart use of technology. And Python definitely scores as the most popular language to use.

Here is why.
As taught in most fintech course financial services need the most-apt application to optimize costs, planning and the amalgamation of financial services. A HackerRank investigative report suggests that Python is the most popular language in use for FinTech firms in the US.

The report by e-Financial Careers ranks Python among the top 6 machine codes for the banking sector. Thus, doing a Fintech Course at a reputed institute like Imarticus can help you with certification and giving you the ideal launch into the technological world of fintech where well-paying jobs abound and demand for personnel is fast becoming a rage.

The fintech data science advantages of Python:

The fintech startups work with financial transactions that need records to be unchangeable, immutable and hard to tamper with. Decisions cost money and setbacks when they go wrong. The industry thus needs a ready-to-use programming language with ample libraries, components and high-performance maturity such as Python.

The Hacker Rank  2016 Study across the famous six of health care, media, and gaming, social media, security, fintech, and finance industries searched for the best popular programming knowledge.

Python, especially for fintech industries and as taught in Fintech courses, outstripped the rest by a huge margin in the performance testing on coding challenges. It also proved to be very popular in the financial sector.

The Python benefits:

Some outstanding features that set Python apart are

  • Simplicity and accuracy: Python has low bug-rates and error rates than the other programming languages.
  • Speed: Though not the fastest it scored in the time-to-market optimization tests.
  • Syntax: The collaborative syntax is straightforward in Python and is easy for interconnecting the C-suite, developer and technical-expert languages.
  • Libraries: The huge repository of free open-source libraries can be used for ready-made solutions in the financial and fintech sectors and are popular for training purposes in fintech courses. 

Use of python in industries:

Python is being widely used today in banking and is widespread among the hedge, investment and corporate finance bankers. This is because of Python scores in handling quantitative challenges in trade management, risk management, and pricing. It also makes use of its large number of libraries to handle issues related to analytics, compliance, data, and regulation.

Bootstrapped fintech startups may use various back-end programming languages. But from the point of view of time, efficiency and effort spent, Python outdoes the rest for fintech use. It is growing very quickly and has the potential to be supportive in almost any industry it is used in. No wonder Python is so popular, reliable and accurate!

Python can hence be effectively used in software for the following sectors and is great at multitasking especially as a back-end server.

  • Financial analysis
  • Insurance
  • Fintech
  • Banking
  • Stock markets
  • Data analytics
  • Cryptocurrency transactions.

Python Projects in Fintech:

Success and Python implementation are synonymous when blended with FinTech ideas.  Look at the P2P lending platform Zopa which uses a mix of Java, C#, and Python. Zopa helps the borrowers and creditors transact free of intermediaries. And Python has helped the algorithmic models of Zopa execute complex transactions on blockchain enabled platforms.

Even the payments system like Stripe, Braintree, Paypal, and other receiving and processing systems use Python-based applications for the authentication of users and transactions mainly due to its wide array of ready-to-use libraries.

Conclusion:

Many fintech startups use C, R, Java, etc. But, Python is ideal for the challenges of the fintech industry. It has scored over many languages in its popularity over Java, C, R, SQL and others in the HackerRank challenges over the top 6 industries. Python emerged the ideal language for programming in the financial and fintech sectors. Obviously one would do well to learn Python because the top 6 industrial sectors are recruiting.

The jobs in the top industries prefer expertise in Python and are high-paying and have well-defined scope for progress and grow your career. If you want to learn the latest applications of Python in the fintech sector just check out the Fintech Training at Imarticus. Hurry as opportunities may be limited!

For more details, in brief, you can also contact us through the Live Chat Support and can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Bangalore, Delhi, Gurgaon.

How Fintech Companies Are Impacting Millions of Lives In Tier II and III India

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Fintech companies are pushing the boundaries of what’s possible in Tier II and Tier III markets in India. This is a huge opportunity that comes with financial inclusion to touch the lives of the unbanked rural customers, who with fintech’s technological innovation are personalizing and expanding their businesses to serve and impact millions of lives. Rural areas are yet to see better accessibility and proper social and financial inclusion.

But the scenario has improved because of three events that have allowed fintech to actually impact rural cash-driven customers in India. These are: 

  • The 2016 demonetization movement.
  • The wave promoting e-commerce.
  • Penetration of smartphones.

This promoted the proliferation of fintech industries catering to the rural sector by bringing new payments processing platforms, online transactions, and smartphone internet banking to the rural customers who far outnumber the urban clients. Let us quickly explore how the fintech industry has actually touched the lives of these people.

The watershed moment:

Rural customers in Tier II and III cities are dropping their mistrust of the online movement. The demonetization drive of 2016 meant to root out black-money saw India as whole embrace digitization of financial transactions. Coupled with the thrust of the government to boost the fintech sector and the push for financial inclusion, the watershed moment came with better penetration of the rural segment where banking transactions were yet to make a mark.

And yes, the smartphones were also instrumental in rural people trying and finding digitized transactions more transparent, safe and easy. Banking will never revert to the same again after this wave of digitization and technology impacting the rural customers.

According to NASSCOM reports the 2020 forecast of the fintech software market in India is expected to be USD 2.4 billion.No wonder then the figures reflect the changes in the pulse of digitizing the fintech way the tier 2 and 3 cities of rural India.

Reading the rural pulse of India:

Rural India contributes in big ways to the GDP and industrial development, as it is an untapped market and home to many businesses of the small-scale variety, which when cumulatively looked at, do contribute substantial millions to those GDP figures. Empowering the rural people with financial inclusion can not only improve these figures but provides a huge exploration area for entrepreneurs with a rural background.

The internet and online payment platforms are today making everyday life simpler and easier for the rural client who has to travel to far-off locations just for bill payments and banking. The unbanked rural segment is also seeing an improvement in billing and supply of water, electricity, gas, daily commodities procurement, etc.

Many e-commerce platforms, online banking, financial services like insurance, recharge for phones, small loans, shopping online has changed the face of rural India and the way they access and spend their money. This is the right ambiance for fintech industries to take their business up a notch and cash in on the largely untapped rural markets and thus improve the lives of millions living in those areas. Just stop for a moment and imagine the micro-enterprises getting instant loans and contributing collaboratively to the fintech sector.

Role of education:

Education is the key factor that can bring about financial inclusion. To change and impact more lives raising awareness and education is the only way to go. And the fintech industries are doing a good job through training camps and awareness sessions of their products and services in the rural markets.

To take it up a notch, regional language-based apps are being introduced to ease the rural customer onto the online platforms. These two measures are not only profitable for the enterprises undertaking them, but also impact the millions of rural persons living in the unbanked locations and geographies across India. Bringing the rural people into seamlessly using the fintech platforms, has been and continues to be, an area of prime interest to the fintech sector in its thrust aimed at taking the benefits of technology to these locations.

Conclusion:

Over the next decade, we can expect to see the fintech contributing to improving a lot of the unbanked rural sectors. This move will improve the industrial growth, the GDP and also impact positively the rural millions who are yet to see the major benefits of financial and social inclusion on all fronts. Fintech industries need to stay ahead of the curve and focus on products and services meant for rural clients. Do you want to learn how you can be a part of this revolution?

Do a Fintech course from Imarticus Learning and emerge career-ready with assured placements. Go ahead and impact the lives of your rural brethren.