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How Is Blockchain Technology Helpful In A Banking Career?

Posted on by Imarticus Learning

How Is Blockchain Technology Helpful In A Banking Career?

The Blockchain ecosystem has the potential to transform disruptively and every industry. The Blockchain career and a banking career with blockchains is the place to be because of the immense scope and demand for trained personnel.

What benefits does blockchain technology bring?

Let us look into the many advantages and terminology of blockchains. A Blockchain career is 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 blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter making its algorithm unhackable at the present time.
  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process through crypto mining.
  • The peer mining network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User authentication and verification using 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 authenticated 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 do the banks benefit?

According to the experts, bankers, analysts, consultants, etc that spoke to The Financial Times, the top 5 areas that have the potential to be successfully transformed by blockchains are

Settlement and Clearing:

The bank network is a tangled network of securities, investments, and loans that need to be recorded, settled and cleared on a daily basis. And, this costs billions of dollars annually to run. Accenture says that this area of settlement and clearing could save investment banks up to USD 10bn who use blockchain technology for efficient settlement and clearing operations.

Payments:

Payments systems from the central banks globally are moving to explore blockchain technology and shifting payments system processes to blockchains and issue digital tokens that can be used on the stock markets and cashed in at the central banks. Commercial banks to have pushed forward with their own projects instead. Ex: Switzerland’s UBS’ ‘utility-settlement-coin’ akin to the crypto coin issued by the bank. Swift payments, the cross-border payments solution of the banks is fighting off Ripple a San Francisco fintech startup in cross-border payments solutions.

Trade finance:

LCs, trade finance, bills of lading, etc are still paper-transactions sent through post or fax globally. According to the R3 MD, Charley Cooper, this is an obvious area where banks can benefit from blockchains. HSBC’s Head of innovation in commercial banking, Vivek Ramachandran agrees that doing away with physical stamping through use of blockchain transactions could deal effectively with problems like his example of a ship delivery to Malaysia from Singapore taking a day versus the paperwork taking a week!

Customer Identity Verification:

Lenders are in reality trusted custodians of investor’s money and regulators will hold the banking agents responsible for authentication of records and checking the customer’s identity. This area is a vital banking-risk that blockchain-processing can easily overcome. It is an era of start-ups in the KYC blockchain-enabled systems. Some of them are Blockstack, Cambridge Blockchain, Credits, and Tradle.

Syndicated loans:

It takes a long 19 days for US companies to raise syndicated funds from banks. Early repayments and foreclosures are still done on paper. To address the efficiency of this area Credit Suisse and 19 similar-minded financial institutions formed a work-consortium with the blockchain enablers to put the syndicated loans Synaps on a blockchain framework.

Conclusions:

Looking at the benefits of blockchains, one wonders why banks are lethargic in the adoption of the superbly beneficial blockchain technology in banking and its related processes. However, it is also to be noted that the number of fintech startups has gone up in leaps and bounds making a Blockchain career highly lucrative and getting in ahead of the curve.

Make your Blockchain career at Imarticus Learning which is the literal one-stop solution for Blockchain training. For more detailed information regarding this and for further career counseling, 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, Bangalore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

Posted on by Imarticus Learning

How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

According to Glassdoor reports, the annual jump in recruitments for blockchain jobs 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!. The potential of blockchain technology to transform and disrupt any vertical using big data analytics has thrown up burgeoning demand for professionally trained personnel to man the growth.

The demand has outstripped the supply of Blockchain training-equipped 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. The increase in demand for professionals is expected to last over the next two decades.

Sectors that benefit:

Let us explore how some fields dependent on big-data analytics can benefit from blockchain technology.

Data Backup: The blockchain is very effective in storing data in every block of the chain enabling tracing its source block possible. Data can never be deleted or altered without more than half the community agreeing to the changes.

Payment Processing: An infrastructure which is blockchain-based enables cross-border payments at remote locations instantly with immutable consensual digital records of time-stamped secure transactions.

Hiring, Logistics, Payroll, Marketing, and Supply-chain Processes: Switching to blockchains makes organizational processes verifiable and almost error-free and requires 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.

Election Processes: The adoption of blockchain-tech can resolve issues of privacy, royalty, and rights in this and areas like media, entertainment, etc, making the authentication and reward for creativity process transparent and sans intermediaries.

Smart Contracts in 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.

The Banking and Financial Processes: Blockchains offer safe, transparent and instant digital transactions with low fees as against traditional transactional methods.

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.

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

Skills required:

Most applications in Blockchain training today are Python, Golang and JavaScript based. The trending tools, languages and technological suites required for a career in the blockchain technology field 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 training is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals.

Key Takeaways:

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.

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 the big-data analytics fields and verticals involved. The high demand for professionals with professional Blockchain training 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.

At Imarticus Learning, this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus Blockchain training today!

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

What Are The Cryptomining And Other Career Opportunities In The Blockchain Ecosystem?

Posted on by Imarticus Learning

 

Blockchains, cryptocurrencies, and crypto mining seem to be buzz words touted today by everyone and in every industry where financial transactions are made. 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 Training is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals. This then includes the jobs generated in fields like crypto mining and the entire blockchain ecosystem.

The basics of blockchains:

The Blockchain ecosystem 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 where it originated in the Bitcoin blockchain, shed almost 79 percent of their capital and the field is dogged by regulations and legal hurdles as of now. Governments and policies are reluctantly showing more acceptance of blockchain apps as indicated by the recent mobile trial conducted in West Virginia.

Let us look into the many advantages and terminology of blockchains as taught in Blockchain Training. 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 blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter making its algorithm unhackable at the present time.
  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process through crypto mining.
  • The peer mining network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User authentication and verification use the 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 authenticated 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.

What is crypto mining?

Blockchains use cryptographic hashtags to interconnect blocks with the predecessor block containing a hashtag criterion that needs to be verified and is transmitted across all mining nodes for every transaction. The miners provide the algorithmic solution as proof-of-work making the transaction complete and verified. By doing so first the miner is rewarded with gold or if late a pile of dust. To dig out the solutions in crypto mining is an arduous task needing Blockchain Training, knowledge of algorithms, problem-solving abilities, and dedication. This crypto mining can be profitable and depends entirely on skill and luck.

The digitized process used is un-tampered, secure, instantaneous and has little or no fees when compared to banking processes. Hence the ongoing crypto bans by Governments and policymakers. At the moment the blockchain technology is being used across verticals like banking, education, healthcare, insurance, real estate and many more.

Cryptomining and the blockchain ecosystem’s job market is booming and for the skilled blockchain experts, the job has no lack of scope for development, recruiting companies or great pay packages. According to Upwork, the thousands of jobs being generated by the blockchain segment are filled in less than a week. Hubs for crypto mining exist in Venezuela, Russia, Norway, Canada, Sweden, and South Korea with the rest of the world fast catching up.

Conclusion:

Is crypto mining a job? Probably not but the returns are high! Also, it needs great Blockchain Training. For all your blockchain courses try Imarticus Learning. Their courses are par excellence. Start your course without any delay and mine your way to a great career. All the best!

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, Hyderabad, and Ahmedabad.

What technical skills are needed to become a Blockchain developer?

Posted on by Imarticus Learning

Blockchain technology has drawn much interest and is being adapted into every vertical like banking, Fintech, accounting, cryptocurrencies, the stock market, and real-estate segment, because of its efficient record keeping in distributed ledgers with transactions that are safe, secure and efficient.

There is no third-party involvement anywhere in the process and records can be viewed by the public, building a trustworthy secure payment system.

Opportunities abound, and many Fortune-500 companies like Capgemini, IBM, Accenture, etc. are headhunting. Indian salaries range according to Glassdoor in the range of Rs19 to 21K in India for fresh candidates and Rs 288 to 313K for the experienced at higher levels.

Technical skills required:
Code:
Blockchains run on code and is essential for logical interpretations and quantification.
Programming languages:
Blockchain technology uses languages like OOPs, flat and relational database and procedural language. Also required would be programming languages like C, JavaScript, and C.
The architecture of blockchains: 
Essential knowledge here would be the Bitcoin whitepaper, consensus, cryptographic hash functions, and distributed ledgers in blockchain fundamentals, its architecture and working. Decentralized architecture also means inexpensive perfect coding, MVC, Document-view, MVVM, fundamental communication architecture, G and bus architecture, and convention theory used for decentralizing the architecture and a fair understanding of fundamentals of distributed and centralized networks.
Structures of Data: 
Knowledge is required of data structure like Stack, Merkle trees, Patricia trees, advanced cryptography and a large number of data structures, Queues,  LinkedList, Tree, Hedera HashMaps, etc. is essential to understand how the language, technology, and data structure works.
Cryptography:
Methods of advanced cryptography like the hash functions ( KECCAK256, SHA256, etc.), sound knowledge of data structures, and a digital signature generating asynchronous cryptography are a must.
Development of Smart Contracts:
Functionalities of smart contracts to enable the business logic application of the blockchain, and specific network languages like Ethereum’s Solidity, Chaincode, Viper, etc.
Platforms and frameworks:
Coding for platforms like HashGraph, Hyper Ledge, Ethereum, EOS, etc.

fintech certification

Web-Development:

To develop applications that are de-centralized, both front and back application development including handling APIs, Dapps based interactive GU interfaces, handling requests, etc.
Smart Contract enablers:
Truffle suite installation and working on Mac, Windows, and Ubuntu.
Passion and technical skills will need to be combined. Read and learn about the history besides making a portfolio of small projects using the blockchain technology. You could also hone your skills at a reputed institute which is quite advantageous to you. A good blockchain training course will necessarily focus on a global curriculum; hands-on practical and project work which will help you build your industry and vertical relevant portfolio. Follow the protocol, do your fintech course at a reputed institute like Imarticus, learn at your convenience and get set to be career ready as a blockchain developer. The more you research, the better you learn. Continue enhancing your GitHub profile, attend the hackathons, and never quit.

How to Get Involved In the Blockchain/Fintech Space as a Student?

Posted on by Imarticus Learning

Blockchain developers are not in supply and are in high demand. The job of developing blockchain distributed ledgers for businesses was found to be the most growing sector. The payouts for a blockchain-developer engineer positions are accordingly high when compared to other software design engineers.
Developers with working knowledge and experience with iterations specific to blockchains such as Hyperledger Composer or Solidity are in great demand, and the demand spurs great payouts and salaries. Solidity tool is used to develop smart contracts and Hyperledger Composer the OS blockchain using JavaScript while REST API enables a codeless development of business networks. Etheruem framework knowledge is also highly appreciated. According to the US firm Upwork, blockchain developers are charging 200$/hour.

Learning Institutions.

Working knowledge of Java and Python is desirable. The blockchain technology being relatively new many Universities have started offering courses connected to blockchain technology only recently. They now offer the following courses:

  • Cryptocurrency design and engineering by MIT
  • Bitcoin Engineering by Stanford University
  • Ethereum Developer Certified Training program by B9Lab
  • Courses by Mountain View
  • Courses by Blockchain University, California.

You can also learn online and on your own, attend programs conducted by Block apps, Consensys, Ethereum Foundation, Linux foundation or Hyperledger. India too is not far behind, and you can take up Fintech courses on blockchain technology.
An introductory course on Hyperledger would be right for entrepreneurs who are looking for business opportunities, business enterprises wishing to learn if blockchain technology can be adopted by them, people working in fintech startups and students who have just graduated hoping to land a job in the fintech sector.
Choose what you wish to explore

  • Creating open-sourced blockchains
  • Creating business networks using the Hyperledger platform
  • Creating smart contracts using Solidity


Where the jobs are
The Fintech industry badly needs personnel in

  • Blockchain Technology
  • Digital Payments
  • Big Data handling
  • Digital Wealth Management
  • Analytics Solutions


Job roles available and in demand are for

  • Project Managers
  • Data management experts
  • Sales
  • HR
  • Financial experts in various fields like equity funding, debt capital markets etc.


Non-transferable skills will need to be developed and aligned with the enterprise’s needs. You must have the following traits.

  1. Interpersonal Communication skills are essential as you will be working in a customer oriented role no matter what services you offer
  2. Ability to solve problems creatively is vital when you have to innovative to be a market leader. There is no other way than to innovative on blockchain technology
  3. Collaborative team skills are crucial as most startups will have small teams
  4. Ability to work with ambiguity, under pressure, and with high demands from the startup environment
  5. Discipline and integrity since you will be working on financial transactions and have to work beyond the call of duty to succeed
  6. A good learner as there may be no standard operating procedures or norms of remuneration as yet

If you have your heart set on joining the fintech industry, then you need to start immediately to stay abreast of changes that will happen.

Entrepreneurial Opportunities for Blockchains Outside Fintech

Posted on by Imarticus Learning

Entrepreneurial Opportunities for Blockchains Outside Fintech

Blockchain technology revolutionized the banking world and financial transactions. It is rightly the buzzword in modern technology and touted as the backbone of the evolving fintech industry. However, blockchain technology was quickly adopted by banking, financial institutions etc. We shall look for the not-so-commonly known applications that the technology is being used for and is sure to transform. Such potential for transparency, security, and innovative access and storage has made it the brightest star in the technological world. And this throws up some very interesting entrepreneurial opportunities that are worth exploring and adopting.

Business Opportunities

The blockchain adaptations to technology are rising by the minute! Some of them are

Banking Sector

Now that the field is cleared of doubts with Wall Street and major banks cashing in on blockchain technology, there is tremendous potential for financial solutions offered to banks, financial and NBFCs, as well as individual clients.

Smart Contracts:

Some areas where smart contracts are secure, scalable and flexibly used are

  • Automation of distributions of Royalty in the movies, publishing and entertainment industry.
  • Maintaining and accessing medical records through smart contracts.
  • Scheduling and running of public transportation based on rules which are pre-programmed.
  • Transfer and management of property records.
  • Loan processing can be automated.

Connected Car

  • Task automation in supply-chain management
  • The facilitating, transport, encryption, distribution, storage and more of the Big Data of connected cars
  • Cloud servers, hosting, OEM services, and service providers of these services
  • Location tracking, maintenance, vehicle location, and automated operation of vehicles
  • Cybersecurity for V2I and V2V data

Food Safety

Blockchain business opportunities in the food industry are many for predicting and detecting failures in compliance, risk management, and reporting applications

Healthcare

Record maintenance, surgical records, and results, security of health records are some areas that have scope.

Internet of Things (IoT)

The Internet of Things technology has taken over nearly all fields. Blockchain technology can make the service of IoT more secure, safe and fast. Ex: Solar energy cooperatives, trust and verification services, smart city IoT processes, law enforcement tracking solutions and many more.

Passports and Visas

The advantages of a blockchain-based passport or visa can reduce wait times, implement alerts immediately, reduce check-in formalities and verification, and track information across a very large database. Opportunities exist in the digitization of passports and visas.

Wills and Marriage Certificates

Issue and recording of marriages, wills, property documents and the issue of documentation will present opportunities here.

Insurance Sector:

Opportunities will be in

  • Simple processing.
  • Time efficiency.
  • Improved efficiency and risk management mean reduced premiums.
  • Detection of Fraud
  • Records and disbursements with a record of history.

Food Safety

Blockchain business opportunities in the food industry are many for predicting and detecting failures in compliance, risk management, and reporting applications.
Fintech courses India-based consultancy and learning can help you encase the entrepreneur in you. These courses offer a good grasp of fundamentals, concepts, theoretical knowledge, practical skills and certifications that could help enhance your resume and career. They also offer boot camps, short-term workshops, and basic knowledge of technical skills oriented for Fintech industries placements. Certification helps. But, you need to be an excellent communicator and work diligently to acquire the best analytical, technical and business skills crucial to your job role. Another advantage of such courses is of mentoring by certified and experienced industry aces that helps garner the latest best practices, techniques, skills, and practice on the latest trending technologies in the field of investment banking, financial courses and more.