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Tag: blockchain career

Who provides the blockchain certification and how long is it valid for?

Posted on by Imarticus Learning
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Who provides the blockchain certification and how long is it valid?

Blockchain is a term that refers to the peer-to-peer transaction of the digital assets created to support a crypto-currency called bitcoins. In today’s era of continuously advancing technology, blockchain has a wide range of applications including healthcare, government, finance, manufacturing, and distribution resulting in huge demand for blockchain professionals. 

Blockchain is not a single technology but an architectural principle that requires a piece of specialized domain knowledge. This domain knowledge can be acquired with the help of online training courses and certifications available in this technology. Certified professionals have an additional advantage of validating their knowledge.  Presently, there is a huge demand for certified blockchain professionals in the market.

A certified blockchain professional is required to have profound domain knowledge of the technology so that he/she can build blockchain-based applications for businesses. Once a person has acquired the domain knowledge, they must be very clear with the type of certification. A check on the pre-requisites of a particular course is also a must. When a person is confident with the mentioned criteria, he/she can take up the course to become a certified professional.

Most of the e-learning websites offer courses on blockchain specialization but they are not very holistic. Therefore, choosing the right course is very important. Some of the preferred courses for blockchain certification and specialization are listed below.

Blockchain Council

Blockchain council offers a wide range of blockchain certification courses for individuals who not only want to expand their knowledge but also want to apply it to solve real-world problems. The various types of certifications offered by the blockchain council are certified blockchain experts, certified blockchain architects, certified blockchain and HR professionals, etc. These certifications are valid for a lifetime.

Cryptocurrency Certification Consortium(C4)

C4 offers certification to individuals who have already established some kind of expertise in blockchain technology. It provides certification in fields like certified bitcoin expert and cryptocurrency security standard auditor.

IBM Developer Works

IBM offers certification courses for strengthening the basic building blocks of blockchain technology as well as for getting deep knowledge about the concepts. The certification contains an open badge that lets people share the authenticity and validity of the certification.

Edureka’s Blockchain Online Course[MOU1] 

Edureka offers online certification to individuals as product managers, solutions architects, support professionals, project managers and software developers who want to get a basic as well as in-depth knowledge about blockchain technology. The certification requires some pre-requisites such as a basic knowledge of networking and Linux operating systems. These certifications are valid for a lifetime.

RMIT University

RMIT is Australia’s first university that offers a course on blockchain technology. It is developed in collaboration with Accenture and the largest fintech hub of Asia named Stone and Chalk. It is an 8-week long course dedicated to both the theoretical and practical aspects of blockchain technology.

Conclusion

Blockchain has revolutionized the trade of digital assets. Through its concepts of validation and verification, it creates a strong trust amongst unknown peers, resulting in huge demand for a blockchain career. Online courses have made it possible for individuals to increase their practical as well as theoretical knowledge about technology. A further contribution and boost to an individual’s career are provided by the certifications through online training and courses in blockchain technology.

 

What Are The Objectives of Online Blockchain Training?

Posted on by Imarticus Learning

Reading Time: 2 minutesOnline training, also known as distance learning or e-learning is a self-paced customizable mode of learning designed to meet a learner’s requirements. It offers several advantages to a learner such as reduced cost, increased instructor-student time, networking opportunities, documentation and much more.
Online training is possible in almost every domain today whether it is technological like blockchain, machine learning, artificial intelligence or non-technical like aptitude, reasoning, etc.   Blockchain is a buzz word in the 21st century and a very limited number of schools, colleges or universities conduct its training as a part of the curriculum leading to an increment in online blockchain training.
Blockchain was discovered in 2009 when a person (or group of persons) called Satoshi Nakamoto devised a decentralized technique of peer to peer transfer of digital assets among unknown peers. Most of the renowned companies today like Microsoft, Amazon, Facebook are working with the blockchain technology to integrate it with the new-age technology. Fully aware of the fact that blockchain is extensively in demand, there is an increased trend of people pursuing a lucrative blockchain career.
Hence, we need to understand the objectives of online blockchain training which are listed below.
Self-Paced Learning
The understanding and retention ability varies from individual to individual. Online training allows an individual to learn at their own speed resulting in a calm and stress-free learning environment. If the student is unable to get a complete understanding of a concept, he/she can go back and revisit the lessons as many times as they want. This system makes online learning very user-friendly.
Online Certification
Due to the easy availability of topics online, there is an increasing trend of e-learning among individuals. Several e-learning sites today offer courses from the most renowned universities in the world at an affordable price. The online certification not only boosts the morale of an individual but also adds great value to his/her blockchain career opportunities. There are a large number of top-notch companies providing high salary jobs to people who specialize in blockchain technology.
Increased Practical Knowledge
A good understanding of concepts is the key to implementation. It applies to all fields whether technical or non-technical. Online blockchain training involves the rendering of information by industrialists and specialists making it easier for the learners to grab the concepts. It also includes several assignments that provide hands-on experience to an individual resulting in increased practical knowledge.
Flexibility
Online blockchain training has replaced the traditional custom of attending lectures and classes to a more comfortable and flexible mode of learning. Learners can attend online training from their homes, working desk or even during a working lunch.
Cost-Effectiveness
Online training is cost-effective in that, it saves the individuals from the travel expenses of visiting the actual training locations. It provides certification in the desired field at an affordable price from one of the best organizations in the world, providing an opportunity to learn regardless of the financial constraints.
Conclusion
Online training has revolutionized the world of learning. It has created modern trends in the learning patterns. It offers an easier and smoother learning path where anything in terms of education can be accomplished at any time by anyone! Online training in blockchain provides a good understanding of the key concepts such as verification, ledger, consensus, crypto-currency and secure transactions.
It also offers good career choices through its new-age technology courses. Hence, it is safe to say that online training in blockchain has not only helped the people who are enthusiastic about the concept but has also resulted in increased demand for online learning.

What Are The Benefits Of Cryptocurrency And Trading Blockchain?

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Cryptocurrency has been dominating the market in recent years. It has been a replacement for the traditional modes of transactions such as cash and credit cards. Cryptocurrency is a financial platform that allows for an easy transfer of money through digital means. This form of currency has had an increase in popularity. It is taken as a viable option for investments in terms of the future growth and development which it promises. The blockchain training technology has been the major reason for the upsurge in the current value of the Cryptocurrency and has further scope for improvement.  

Imarticus Learning, a renowned and prestigious institution, is an expert in the field of Cryptocurrency and courses that involve blockchain training. The course is developed to give people a basic idea about Blockchain and the various aspects that are involved with the same. The participants are taken through a thorough explanation of the working and the mechanism of the blockchain system.

Some of the advantages of choosing cryptocurrency over traditional methods, as the primary sources for the transactions and investment, are given below: 

  • Transactions: The traditional form of transactions often transfer from one individual to another before reaching the final recipient; this accounts for a higher rate of expenditure. Cryptocurrency makes it possible to handle one on one dealing of the transaction without having to go through the hassle of approaching a middle man.
  • Transfer of Assets: The contract that is involved while handling transactions using cryptocurrency can be drafted in accordance with the needs and the convenience of the user. The design of these contracts can be done in  a way that creates an impact on the approvals that are needed and the exact time of the transaction that is to be made. This reduces the time and the expenses that go into making a transfer of assets.
  • Confidentiality: The transactions made through blockchain cryptocurrency enables the users to avail the option of not having to reveal valuable information regarding any kinds of previous transaction, thus keeping the confidentiality enact. 
  • Transaction Fee: Regular modes of transfer of money from an individual or business organization to another requires a certain amount, which is classified as transaction fee. This fee could be quite high in most cases, especially when considering scenarios in which large amounts of money are being transferred at regular intervals of time. To avoid having to pay extra for such transactions, an individual can opt for dealing with cryptocurrency as there would not be any requirement for an external source of cash. 
  • International trade made easier: The usage of traditional methods to carry out international trade can be quite tiresome, to say the least, due to the heaps of paperwork and procedures that are involved. The peer to peer blockchain training technology that is used allows easy trade to international destinations without any complications. 
  • Increased access to credit: The requirements that are needed to handle cryptocurrency are very basic. A working data connection, beginners’ knowledge on the networks involving cryptocurrency, and the availability of the portals are needed while handling such dealings. These easy proceedings make it convenient for a larger population to be enrolled in the dealings that take place using cryptocurrency and blockchain trading.


Adaptability: In today’s world, there are numerous types of cryptocurrencies available in the digital market. This is an important part of the flexibility that is offered by the usage of cryptocurrency as a mode of making the major transaction within the nation or otherwise.

What Is The Growth And Future Of Fintech From Wire Transfer To Blockchain?

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Reading Time: 3 minutesFintech is a great combinational technology combining the benefits of finance and technology and is omnipresent in nearly all fields and daily applications.

From literally every activity like banking online, paying your bills or more developed blockchain training based applications like transferring funds to a remote unbanked location are fintech applications of interest that we have become so familiar with, that we take them for granted.

A bit of history: 

Way back in 1918the first Fed wire Funds Service introduced by the US Federal Reserve Banks achieved the first fund transfer electronically based on the then-novel Morse and telegraphic cabled lines. In 1950 the first credit card or Diners Club card was introduced by Frank McNamara. Seventeen years later the London branch of Barclay’s unveiled the first ATM machine.

The progress of technology was very slow and these events were forerunners of today’s rapidly transforming fintech technology based on Blockchain training of the systems involved to harvest the many benefits of modern times.

The advent of the internet sent technologies like AI, Ml and Deep Learning spiraling to the forefront. Many revolutionary concepts like mobile phone banking, bank accounts online, etc saw success and adoption post the internet introduction. This was truly the baby-steps for a revolution presently termed ‘Fintech’.

Fintech stepped into the limelight with the introduction of 2009 founded Bitcoin cryptocurrency which was possible because of the innovative blockchain technology it was built on. Eight short years later the mania for cryptocurrencies saw the Coinbase crypto exchange exceed the value of 1.5 billion USD in transactions.

From there on till date blockchain training and fintech have become essential in the technology programs of almost all industries. Today, it has become adopt or be obsolete. The banking sector was turned disruptive at 72 percent. In a short time, the 84 percent insurance giants will also turn disruptive and their collaborations with fintech enterprises will see them transform through technological innovations and use of blockchains. The pace has been set by some insurance firms accepting term insurance premiums online and even earning rewards like discounts for doing so.

The future is encouraging:

Fintech has seen much development with advancements and disruptions sourced from the fields of AI, cloud storage, blockchain training technology, and crowdfunding. A whopping 46 percent of large applications of fintech companies are AI-based. Some of the very good applications in improving back-end processes and customers lines are already functional and estimates say 95 percent of the customer interactions by 2025 will be taken care of by chatbots like Sofia.

Financial improvements are visible with data analysis and compliance applications being developed by the moment. Cloud storage is using blockchains for cybersecurity and record storage. Regtech is the newly-introduced technology to ensure regulations in banks and financial institutions are met.

Banks and fintech:

Traditionally banks had a stranglehold on financial transactions and charged a fee for every transaction. The number of branches was also limited geographically and the numbers of the unbanked got swollen just before the introduction to cryptos. Blockchains made zero-fee financial transactions transparent, immutable, secure and near-instantaneous immaterial of geographical locations.

Big banks adopted fintech to cut costs and retain the competitive edge. They were quick to realize that they could achieve a 30 percent infrastructure reduction and save up to 12.3 billion USD per annum using blockchain technology. Santander, Bank of China, and UBS are leading the way in introducing Ripple a bank compatible crypto in 15 of the 50 big banks. It is anticipated that by 2020 more than 77 percent of the banks would have on-boarded the blockchain technology.

The future for fintech and its enterprises is definitely bright as it has just exposed the tip of the iceberg of potential. Cybersecurity and cloud storage will see a lot of innovation and applications. Authentication modes are set to change with fingerprint scanners, iris scans and such technologies being exploited. Micro-embedded wearables, voice recognition technology all seek to implement the concepts of simplification, ease of operation and personalization which will see improvements in leaps and bounds.

Parting notes:

No matter what the future of fintech is the brilliant blockchain technology is all set to improve our lives with fintech applications. Now that you know the history, progress and have had a glimpse of the future, it is time to contribute to being ahead of the curve of fintech development by doing a blockchain training course at the reputed Imarticus Learning. They are the pioneers of training in emergent technologies to help you emerge career-ready.

For more details in brief and for further career counseling, you can also visit – Imarticus Learning and can drop your query by filling up a simple form 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, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How To Learn Blockchain Programming In Tandem With Game Development?

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People have started connecting blockchains with financial transactions, cryptocurrencies and now the era of game development. Let us explore how you can benefit from a Learn Blockchain program.

What are the Blockchain Games?

A Learn Blockchain program is essential to understanding the gaming platforms working. Gaming platforms run on closed loops of data and development since no one else should create newer versions of it. Blockchains are innately made for this very purpose of reusing the data assets through smart contracts thereby providing for reuse and analysis of the data stored on them.

Blockchain games are distributed among ‘players’ and are digital goods that are decentralized. Depending on the platform used they use their own tokens or the tokens of the hosting platform. Ex: ‘ether’ on the Etheruem platform.

Key Concepts:

The terms make use of the blockchain features as applied to the gaming field.

Game theory: Blockchains run on network design and game theory. The game theory according to Wikipedia, studies the math models of interactions between sets of decision-makers who are rational. It was used for zero-sum games meaning one person’s win is the loss of the other players. It is widely used in CS, social science and logic applications. A good example of the zero-sum game is Fomo3D.

Tokenomics: Tokenomics makes sets of different groups with a common interest on a platform or network governed by various features of game theory. The tokens are used to incentivize and create new digital assets in a blockchain game. Tokenomics is exclusive to blockchain platforms and is not used on other platforms for gaming.

Decentralization: Since the coding on blockchain games can be studied and analyzed easily a lot of transparency is brought in. Further, the outcome of the game is not controlled. When developers update or try to alter the game which is not endorsed by the community of players, a forked version can be built from the game.

Potential benefits:

Blockchain games can have many potential applications in the gaming industry as proven by the number of successful ones.

The major benefits of blockchains are that they enable

1- Reusable Assets:

PUBG and such game-collectibles and accessories cannot be used outside the game as on desktops, mobile, and other games. However, the blockchain ecosystem is an open distributed platform using tokens. Marketplaces like Opensea and Rarebits now allow you to trade, buy or sell these collectibles of gaming. Thus a whole new field of economics opens up.

2- Transparent incentives:

Blockchains incentives are verifiable open and involve real-world incentives. The network verifies the game and hence no scams and Ponzi’s can flourish. Today you can play and earn money because of this inbuilt incentive feature and this has spawned many more blockchain games.

3-Aligned interests:

The players and developers interests are on the same team. Since developers cannot change the game without community approval, it is trust-based and difficult to make money by exploiting users unfairly.

4- Unstoppable Games:

Games that run on centralized servers can easily be closed down citing various problems. This problem is effectively prevented in Blockchain games since the community of players can fork versions of the game from the change on the blockchain.

5-Low-cost Migration:

A smart contract allows for low-cost migration. When the game rules are to be updated, a sub-contract can be used. Data is stored on a different contract and hence the parameters and behavior need not be changed.

Limitations to Blockchain games:

UX and Scaling:

The multiplayer Ethereum game has significant 15 tx/sec limit. Projects like Loom Network and POA Network are trying to resolve the scaling issues. Hybrids like Gods Unchained are also affected by scalability issues. The first UX game Cryptokitties cashed in on its best feature namely UX. One will have to Learn Blockchain to better the integration, competition and UX with other game-platforms.

Talent shortage:

The ecosystem lacks professional developers, gamers and standardized training to meet the shortage. Currently, ethereum’s community is the largest. The demand for professionals is high and very obviously the payouts can be fantastic!

Concluding notes:

Learn Blockchain games before they get mass adopted. As scaling improves developers are building blockchain games like TRON, EOS, etc. Decentraland shortly plans to build a virtual world of blockchain assets offering better reusable assets, incentives and transaction rates.

Start your Learn Blockchain Course today at Imarticus Learning Academy to make a bright future in gaming-related blockchains.

Is It Worth Doing a Masters In Blockchains And Cryptocurrencies?

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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.

Is Mathematics Required To Implement Blockchain Solutions in Business?

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Reading Time: 3 minutesYes, 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 is Blockchain Technology? Step-by-step Guide For Beginner

Posted on by Imarticus Learning

Reading Time: 3 minutesData-driven industries will take the Blockchain-Route to enhance data usage, storage and issues like transparency, trust, cryptography and more. Blockchain is an alternative providing decentralization of data which otherwise was maintained by the central server. Older servers were limited both by storage capacity and use of it. The present method of using Cloud servers is both expensive and hard to scale.

Step-by-step Guide of Blockchains For Beginners.

The Blockchain:

The technology of blockchains has a digitally maintained ledger of incorruptible and difficult to renege on financial and economic transactions recorded on shared and closely monitored decentralized P to P networks.

Blockchain technology works on a series of blocks of information hash-tagged together such that each block contains a hash-tag sequence of the previous block.

The unique solution of each block or transaction is verified across all nodes in real-time to check for authenticity. Only then is the new block coupled to the chain and thus enable the irrefutable history of transactions across the decentralized network.

The blocks and chains are unalterable and immutable. Any attempt to change is immediately picked up by peer nodes and users of the system. It is a very difficult task to achieve since the blockchains are encrypted uniquely and any change in one block will be reflected in all subsequent blocks.

How Blockchain functions:

Blockchains guarantee record security since the math solution for each record is verifiable and the decentralized network is monitored by users every second. The distributed node system offers a verifiable solution across all interconnected nodes of a PC network of thousands of users.

Further, the lack of a central monitoring system means the network is easily accessible. Originating with the success of the BitCoin the blockchain technology has gained popularity since it avoids duplication, fraudulent records and maintains a strict verified chronological order that is technically immutable.

The ledgers are distributed and use cryptography to generate unique digital signatures, which contain the previous unit code and depend on trust between transacting parties to provide the key to the record. Many digital transactions, financial records, and cryptos like Ethereum, BitCoins etc mean the cash in digital form can have only one transacting owner and no record can be duplicated.

Basic Blockchain features:

  • Chronological verifiable time-logs mean that the Blockchain technology ensures the creation of duplicates of the ledger across its multiple users on a peer-peer network.
  • Immutable records which are time-stamped cannot be tampered with, erased or edited. Any changes to the record would be in conflict with copies of the users and thus it creates a secure transaction where more than half the users would have to change the record in the same manner and the same time.
  • No intermediaries are present as it uses miner nodes competing to sole an algorithmic issue. The miner with the first solution broadcasts the encrypted answer to the peer network, which is multiple user-reviewed and approved, providing a completely private transaction or a block in full view of an ever-watching peer chain of blocks network. Since the previous and next blocks carry linking information a chain is born which is cryptographically unhackable. Trust, transparency and record-keeping are superb.
  • Miners are ever watchful as they are benefitted by a fee or as in the case of Bitcoins addition to the number of coins held.

Benefits accrued:

Besides transparency and simplicity of using the technology, it also offers excellent features like

  • The database is absolute, true, decentralized and devoid of confusion. 
  • The entire database is rapidly updated in real-time with time-logs and stamps capturing system information as and when it occurs.
  • Completely secure and private transactions are facilitated through user access being restricted on the peer-peer network. 

Limitations:
The entire technology is young, promising, and evolving. Sensitive data protection like personal details of clients, claim records in insurance and such, needs a cautious approach.

Security features of blockchain technology:

Blockchains, as indicated above, make the transaction real-time and secure. It is set to eliminate any middleman or authority interfering in the transaction. Thus they provide transparency, security, decentralization and irrefutable immutable records of each transaction.

On a concluding note, blockchain technology is one of the most potential technologies today that is bound to impact most fields of our daily lives. The blockchain technology tutorial taught in the immersive course at Imarticus Learning can help you make a career in this emerging field where the demand is booming and payouts are generous and skill-based.

How Your Job Will Be Stable If You Start A Career in Blockchain?

Posted on by Imarticus Learning

Reading Time: 3 minutesThe blockchain technology has moved beyond Bitcoin and cryptocurrency and has a wide array of theoretical applications. Many start-ups, legacy company, tech firms and government agencies are hiring blockchain developers towards the development of their projects such as ICOs, digital wallets, incorporation of blockchain technologies smart contracts into accounting, HR, finance and IT functions of large-sized enterprises etc., as a result of this a career in blockchain can be a highly lucrative option.
Career in Blockchain
Blockchain has become the equivalent of ‘the cloud’ of the mid-2000s and is predicted to become the next big thing. The blockchain is one of the fastest growing skills in the industry, and the current demand is exceeding the supply of blockchain engineers and developers available within the marketplace.
Some of the most in-demand blockchain jobs in the marketplace are:

  • Blockchain developer

There is a high demand for blockchain developers in the market as the industry is still in its infancy, has enormous potential, everyone is gearing up to become the market leader in this domain. The scope and full potential of blockchain developer are yet to be discovered entirely with the technology having immense potential.
The position of a blockchain developer can be one of the safest position within the industry due to the versatility of the position, a blockchain developer is in a position of offer multiple roles and can be transferred almost anywhere within the horizontal of the company.

  • Blockchain Project Manager

The roles and responsibilities of a blockchain project manager involve connecting the wide range of dots within the organisation’s business cases within the development of blockchain-based technology. They have to coordinate with multiple blockchain experts within and outside of the organisation involved in the development of blockchain related projects of the company.
These professionals are required to have knowledge and experience of working within the industry, technical know-how and should be able to communicate project reports and status to various stakeholders who do not have the technical understanding of blockchain. These positions are often filled on a project basis and hence have some level of instability and lack of job security.

  • Blockchain Quality Engineer

These are the equivalent of quality control and quality assurance engineers of blockchain and can be considered as one of the most important careers in the blockchain. They are required to test and ensure the quality of all areas of the blockchain-based product or project. They are further required to test, automate and test a wide array of frameworks within the blockchain. Blockchain quality engineers also guide the testing of the strategy of development of blockchain and maintaining quality test standards.

  • Blockchain legal consultant and attorney

With the advancement and introduction of newer technologies, a wide array of legal questions, implications can arise. Companies and businesses need to hire legal experts towards addressing these questions and concerns and safeguarding them from any foreseeable legal complications. Legal experts help businesses and companies to understand and prepare them to face and protect them from various scenarios which have legal implications.
Probably one of the most stable positions in any industry, blockchain legal consultants and attorneys is deemed to be one of the most lucrative careers for legal and blockchain professionals.
The Verdict
The decline of prices of Bitcoin and other cryptocurrencies is no indication for the future of the Blockchain technology. Blockchain technology might be the underlying technology for Bitcoin, but it has a wide array of implications and development of these technologies is still in its infancy.
As and when the blockchain technology will evolve, it will open more opportunities can avenues for a career in the blockchain. While it is impossible to predict how the blockchain technology will shape up in the future, a career in blockchain is expected to be quite stable and lucrative for blockchain engineers and professionals.

Fintech Will Make You Tons Of Cash. Here’s How!

Posted on by Imarticus Learning

Reading Time: 3 minutesIt is often said that, “Wealthy is a man who knows how to invest”. In today’s time, it cannot be more relevant! As many prices soar higher, we look at more ways of getting richer. It’s not just a job that can provide us the financial resources. Investing is a formidable option to make those extra bucks! Who says investing is only for the affluent? Read on and be amazed!
In today’s time, investing has gone digital. With disruptive technologies like blockchain technology, cryptocurrency is the new money mine that you may be looking for!
Fintech, a game-changer in financial transactions and services, is the umbrella of all financial technologies that carry out financial operations, seamlessly over the internet.
Thanks to blockchain technology, investing in shares online is a safe and reliable option.
The blockchain technology makes use of the concept of a chain of blocks that are made available like that of a public spreadsheet, which can be accessed from any device. The blocks are all inter-related and the chain updates itself automatically, every ten minutes. The system is very robust and transparent. It is used by BitCoin, a cryptocurrency. A ‘cryptocurrency’ is ‘encrypted’ for protection and can be thought of as value or money that we transact online.
If used well, Fintech will make you rich. Here’s how!
Fintech, short for financial technology, is a new haven for investors and venture capitalists alike.
Using financial technology that is innovative and robust helps investors keep track of their shares effectively. We now have robo-advisors that are ready to give seasoned advice on investments, using specialized, high- speed and accurate algorithms.
There are plenty of applications that help in fetching data real-time, calculating and assessing the market and its potential.  Artificial intelligence, deep learning and data analytics power fintech into a hot spot for investments.
There are potentially big opportunities that fintech courses has to offer. There are large areas untouched by it, which can create a demand in the future. As more emphasis is laid on customer experience and ease of use, the industry is poised to grow elegantly and reach as many users as possible.

 

The payment sector is ever growing and investing here is a very safe option with reliable returns. The sector is expected to grow further. One can also invest in the mobile and internet banking sector as this area has a huge potential, especially since, in many developing countries people are moving towards fintech. Yet another area swept away by the charm of fintech, is the insurance sector.
It is an always in-demand market with no potential pitfalls. Customers meet their insurance needs easily and get instant risk and crisis management advice. Not only this, but even the traditional financial institutions like the banks and willing to collaborate with the financial technology industry. So, it’s a win – win situation! Being a shareholder or having equity in early-stage start-ups is a good idea too! It’s a thriving international market. After all, you invest in ideas and talent.
Marketplace peer to peer lending is very popular these days. One can make money by lending funds in the marketplace. And plenty of companies are raising money through crowdfunding for social causes.
India is not too far in catching up with this bandwagon. Hundreds of startups and even the big companies are working towards changing the landscape of finance and giving the economy a huge impetus, at the very centre of the financial ecosystem. ‘IndiaStack’, a set of APIs provides an opportunity for both government and businesses to build tech products enabling smooth payments services.
The Unified Payments Interface (UPI), a payment system that is part of IndiaStack is used for instant fund transfer over mobiles. Even WhatsApp and TrueCaller are all set to become platforms for lending and borrowing instant money.  All this points to a rich ecosystem of financial technology investment in India. Go ahead! Happy investing!