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Tag: Blockchain online training

Data Security Strategies in the Evolving Blockchain Landscape

Posted on by Imarticus Learning

Data Security Strategies in the Evolving Blockchain Landscape

Blockchain has been one of the biggest and most disruptive technological innovations of the past decade. It has revolutionized online investing, cryptocurrency, and cyber security spaces. Just like any new technology that shows up on the horizon, innovations in the FinTech industry have their fair share of vulnerabilities and security risks. 

Blockchain is used heavily in online investing and financial transactions, especially cryptocurrencies, because of the speed it can process transactional data. Blockchain also helps prevent fraud because of its watertight design. In the application of blockchain technology, data security is of paramount importance.

You could be a stakeholder in blockchain technology security without even knowing it. You could be working in the FinTech sector, transacting online, or working in the cybersecurity space, and all of these roles would benefit from a more robust knowledge of blockchains. 

Blockchain training is an important module in any FinTech course, useful for anyone transacting online. To that end, data security becomes a lynchpin in the blockchain training conversation. 

Learning data security essentials

Data security is a prerequisite for using any technology in today’s time. Therefore, learning the data security measures within the blockchain landscape is imperative to your knowledge of this technology. Most blockchain certifications or training courses cover a module on data security to put the two concepts in conjunction, just like it should be in real life.

3 Data Security Strategies in the Blockchain Ecosystem

 

Decentralization

The first and foremost data security strategy in the blockchain landscape is decentralizing data in storage and transmission. Decentralization refers to transferring control and decision-making from a centralized focal point — whether an individual, organization or group — to a distributed network.

 

Blockchain can decentralize the control and administration of the data and the various IoT devices to multiple touchpoints by decentralizing the data. This, in turn, enables autonomous security decision-making. If a potential hacker cannot penetrate through a central office and gain enough access to control the whole system, they simply cannot be a big threat to the whole data. Usually, hackers exploit a single vulnerable point, which is missing in the case of blockchain. 

 

Encryption

Encryption refers to the process of converting plaintext into ciphertext, also called encrypted data, using an algorithm or cipher. This data is unreadable on its own without the encryption key. It is this encryption and cryptography that makes blockchain unstoppable. The complete encryption feature ensures that the data transmitted through the technology is safe from attacks and unauthorized access.

 

This is the same principle in our social apps, which now have end-to-end encryption. We all use social media and messaging apps in today’s world of conversational commerce. But each time we interact on these platforms, our data’s security is subject to the platform’s security protocols. Blockchain provides the option of end-to-end encryption that safeguards our data. A blockchain certification will also help understand how this technology makes cross-messenger communication possible through a unified API framework.

 

Additional fortifications to ensure data security

The infrastructure around the blockchain should also be able to extend security for data. This involves creating staggered or tiered access for root users and administrators. Those who don’t need access to sensitive information should not have access to the sensitive data tier. Similarly, encryption keys should be guarded with extreme caution using high-grade security.

 

Such data security measures can further strengthen confidence in the blockchain landscape. If you already have a fundamental understanding of blockchain implementation, you can level up your knowledge through the professional certification in the Fintech course. Learn more about the program and how it can help you embark on a new career in FinTech blockchain security. You can also visit one of our centres in your city for more information. 

Blockchain innovation and the top-notch certifications to look out for in 2022

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Blockchain innovation and the top-notch certifications to look out for in 2022

Blockchain is creating a dent in the world of business. It has disrupted the way we conduct business, the way we interact, and the way we transact. Over the last decade or so, blockchain has acquired quite an immutable status. 

If you look closely at the FinTech sector, you will notice a plethora of applications of blockchain. In fact, blockchain innovations are revolutionizing the service industry so much that a microcosm of fintech apps has leveraged this technology in its design and development. Understanding this technology, therefore, is a crucial part of working in the FinTech sector. It has become an integral module in some of the best FinTech courses in India. 

In this blog post, we will discuss the blockchain innovations you should be up-to-date on and the Blockchain certification that can help bring you up to speed. 

Why should you know about Blockchain innovations?

Hands-on, up-to-date knowledge about blockchain is an asset in today’s world, especially if you’re considering working in the financial sector. Any kind of digital work in FinTech will involve blockchain technology. If you understand how it works, you will be able to add value to the user experience as well as think of innovative applications of the concept. 

In short, knowledge of blockchain gives you a competitive edge as a candidate or a technology worker. 

Why do you need a Blockchain Certification?

Sure, working in the FinTech industry is lucrative: the FinTech market is estimated to be valued at $1.3 Tn by 2025 and is expected to grow annually at 31%. This figure encompasses almost 2,000 startups, of which 17 are unicorns. With this tremendous growth comes the need for specialized skill-sets in human resources. This is where your blockchain knowledge can give you an upper hand over others. 

Roles in the FinTech sector can vary widely, but you will start with a fundamental understanding of how blockchain works. Where can you acquire this knowledge? A blockchain certification will help you bridge the knowledge and/or skills gap. 

A blockchain certification will start with an introductory understanding of the technology and related concepts. From there, it will expand your comprehension of the technology application in the sector. 

Upon completing one of the best FinTech courses in India, you will be able to answer questions such as: How has blockchain technology made cryptocurrencies a reality? How has this technology transformed lending, security, consumerism, business models, and digital property landscapes? What makes blockchain successful, and how can we improve our products and services by leveraging this technology?

Certain blockchain certifications will involve a more specialized approach aimed at developers and cloud architects who work on the technical side of things.

No matter what profession or department you work in, blockchain certification can reap benefits like higher salaries relative to non-blockchain roles. It will give you a competitive edge and help your business or organization gain a first-mover advantage in adopting blockchain technologies. 

What makes a good Blockchain certification in 2022?

You will find that the best FinTech courses in India impart more than just foundational knowledge about blockchain. They share practical implementation and actionable insights on how you can use this knowledge in real-world business situations. After all, in the end, that’s what matters: how effectively can you address business conundrums through your expanded knowledge base.

One such course is the Professional Certification In FinTech, provided by Imarticus Learning in partnership with SP Jain School of Global Management. It combines the best of both worlds: hands-on training on intuitive and smart platforms, as well as training from FinTech leaders. Everything you wish to learn about Cloud Computing will just be a few steps away.

In the end, you will be handed a real-life business simulation for assessment of your decision-making, problem-solving, and critical thinking skills. 

If you are keen on upskilling, you can enroll or discuss it with a counselor before applying for the course. You can also visit one of our centers in your city for more information. 

Here’s how to be seen as an expert in blockchain

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The revolutionary technology of blockchain is currently the talk of the town, with everyone aiming to get into the crypto market or learn the intricacies of blockchain. The demand for candidates with blockchain training and degrees keeps rising, just like its role in the tech sector, but is it easy to obtain the title of a blockchain expert?

The blockchain market demands a confluence of finance and technical skills among participating candidates, which needs to evolve with blockchain’s implementation. This fairly new career path is gaining rapid prominence among the masses. Still, it lacks familiarity, so candidates hoping to win the title of a blockchain expert need to do thorough research on fundamentals and grasp its transforming concepts with time.  

Individuals aiming to get into the evolving field must understand the importance of strengthening bases and acquiring blockchain certification to make it through the field. Certifications are essential for both, skills and resumes, for bagging a reliable role in the sphere. Moreover, it is the go-to guide for anyone willing to kick-start his/her blockchain career as it provides basic concepts and diverse implementations. 

Let’s find what it needs to become an expert in blockchain!

Fundamentals of Blockchain

The journey to becoming a blockchain expert can get harrowing with a lack of a strong foundation. Work your way up by strengthening fundamentals. Start with the basic concepts using self-study and research methods. Enroll in blockchain courses to get professionally trained. Blockchain’s versatile usage is spread across multiple spheres, making it more complicated, though covering all its footprints is sure to bring knowledgeable insights into learning which field suits you the most. 

Introductory courses extend significant knowledge of the field; hence, take your time in attaining knowledge from different sources and keep reading new reformations extended in the market to stay up-to-date. Understanding bases will also enlighten you about untold risks the future holds for it. 

Knowing the Global Market

With the global blockchain market valued at USD 5.92 billion in 2021 and expecting a growth of 85.9% from 2022 to 2030, this innovative technology’s market scene keeps fluctuating. Therefore, individuals aiming for expertise in blockchain technology must remain up-to-date with the market nuances. Long-term participation in this field is determined by knowledge of concepts and trends, which are accessible only through keeping up with the numerous variations in the blockchain market.

Knowledge of current trends and in-demand skills can lead you to even bag a position for yourself as a blockchain expert. Make sure to keep your eyes open and assess all that goes on in the blockchain sector.

How to Kick-start a Career in Blockchain?

After getting equipped with enormous knowledge of blockchain and its various applications, the best way to leverage its power professionally is through blockchain technology courses. Blockchain courses are curated with in-demand topics and necessary tools to create well-rounded entities suitable to step into the dynamic workspace.  

best Fintech courses in India Blockchain certifications and courses strengthen resumes and provide an edge to your skillset over other candidates with basic technical requirements. There are multiple certifications offered offline and online education portals. Learners can choose according to their flexibility and kick-start their career in blockchain with its conclusion.

What’s Next?

The Fintech certification course you choose plays a key role in determining your worth in the blockchain market, but certification is not the only requirement. If you aim to achieve the position of a blockchain expert, then experience is equally valuable. Work hard to gain practical knowledge through training, part-time or full-time jobs in relevant fields. Blockchain expertise is not a one-time goal. It takes relentless years and efforts to achieve expertise, and these steps are enough to take you forward. 

Read this before you join a blockchain course

Posted on by Imarticus Learning

We cannot deny the revolutionary impact that Blockchain has made on the digital market in recent times because of its fool-proof system. With the rising popularity of Blockchain, businesses have started to implement applications that are Blockchain-based. This has led to the opening of many job avenues and career opportunities for the world. 

This brings us to the main point of this article; learning Blockchain. With the number of doors that have opened with this new system introduced to the digital world, the popularity of blockchain courses has also exponentially increased. Students and professionals with a knack for cryptocurrency and cryptography have shifted their focus towards Blockchain technology, how it works, and its application in a number of domains. 

Blockchain knowledge is bound to give your resume and your career the required boost it needs especially if you are interested in pursuing this particular field, not to mention the handsome salary that will automatically follow.

However, there are some things you should keep in mind before you dive into the world of Blockchain. Here is a small guide to get you started with your first step into this world; joining a Blockchain course: –

Learn Developing

It is important for blockchain developers to have a comprehensive understanding of the Data Structure. Learning Developing will give you a better insight into Data structures and programming such as flat and relational databases, Object Oriented Programing Language, and procedural language. These will indeed give you a better and faster understanding of blockchain once you begin a course.

Learn About Decentralized Applications

If you want to become a Blockchain developer, you need to have in-depth knowledge about the technical aspects as well as the decentralized system. This will make learning and working on the Blockchain system an easier feat to achieve. 

Learn to Simplify the Complex Problems 

Blockchain technology aims to make operations more simple, secure, and user-friendly. To achieve this, you will need the required skills to make better designs to implement the solutions for the betterment of the company.

Know The Basics of Blockchain

Before enrolling in a blockchain course, do a bit of research about the basics of blockchain. Even a basic understanding of blockchain technology and the new concepts that have emerged in the blockchain ecosystem will help you easily grasp the technicalities that Blockchain courses provide.  

Learn An Advanced Programming Language

To become a blockchain developer, you need to know to program or have a basic understanding of programming knowledge. Some of the advanced programming languages required in Blockchain development are C++, JavaScript, Java, Python, C#, Go, Solidity, Kotlin, and Scala.  

Learn Smart Contracts

Smart contracts are essential in Blockchain technology for automating transactions. Smart contracts enhance Blockchain capabilities without a central authority. Blockchain courses will teach you comprehensively about smart contracts, but you can always stay a step ahead by learning the basics and the essential possibilities of the execution of smart contracts.

Conclusion

Blockchain engineering is one of the most demanded skills required by companies worldwide.  Blockchain may pose a challenge if you want to learn it from scratch, hence, before jumping into a Blockchain development course, some preliminary knowledge about developing, coding, programming languages, and data structure, will make it easier.

Needless to say, a blockchain engineer certification is a great software developer course, to choose if you want to keep yourself ahead amongst the crowd.

All you need is enthusiasm and interest in learning about this system. If you are looking for a reliable course, you will find the best certifications for software engineers in Imarticus.

Technology in the era of cloud, blockchain and IoT

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Cloud, blockchain and IoT are among the technological developments expected to bring disruptive breakthroughs and commercial possibilities in the next five years. The future of technology will be ubiquitous smart gadgets that deliver numerous intimate services based on big data. Analysts believe that there are trends covered by the following three points that will bring a continuous increase in innovation:

  • Intuitive: AI will pervade all current vertical sectors while also spawning new ones.
  • Digital: The physical and digital worlds will converge, resulting in a new “immersive” environment.
  • Mesh: A growing network will connect people, companies, equipment, content, and services.

Continue reading to discover more about Blockchain online training, Software engineer courses are technological trends for the reference of technology entrepreneurs, and how IoT, AI, and blockchain will revolutionize business.

Autonomous stuff – Intelligent devices

The use of artificial intelligence technology to substitute equipment for people to execute activities is referred to as autonomous objects. This category includes autonomous vehicles, robots, drones, intelligent apps, and automated agents. Land, water, atmosphere, and the digital world are all covered by these five types of equipment. Drones and agricultural robots can collaborate in the field to fulfill agricultural activities, for example, using five types of applications and four dimensions to entangle a number of options. Gartner predicts that in the future, every IoT application, service, or device will have some level of intelligence. While there is debate over whether such gadgets may be classified as “smart,” it is evident that artificial intelligence technology improves their capacity to interact with the environment, coordinate, and analyze data.

People should keep looking at the prospect of integrating AI technology into real-world enterprises and products. However, it’s worth mentioning that this sort of technology is now limited to a few specialized activities and lacks the overall decision-making capabilities, much alone intelligence, of the human brain.

AI-driven development

The market is rapidly evolving. The first way prevailed: most AI-enhanced solutions require collaboration between professional data scientists and application software developers; but, this model is currently popular: professional developers may use it alone as a pre-defined model offered for each service. This gives developers access to an ecosystem of AI algorithms and models, as well as specialized development tools for incorporating AI functions and models into solutions. Professional application software development confronts a new set of opportunities as AI is employed in the development process to automate different data science, application software development, and testing operations.

Blockchain

Blockchain is a distributed ledger that has the potential to transform all aspects of life because it can establish trust, give transparency, and eliminate friction within company ecosystems, lowering costs, boosting cash flow, and reducing transaction settlement times. People now rely on central authorities such as banks, clearinghouses, governments, and a variety of other organizations. Their databases securely maintain the ” only version of reality.” The centralized trust model introduces delays and frictional costs to the transaction (money’s value in time, fees, and commissions). Without the requirement for a central entity to arbitrate transactions, blockchain enables another manner of trust.

Many current blockchain initiatives do not include all the features of blockchain, such as a massively spread database. These solutions inspired by blockchain are only a technique of increasing functioning productivity by automating corporate procedures or keeping digital documents. They are intended to increase information transmission between known entities and improve physical and digital asset tracking and tracing.

These solutions, on the other hand, ignore the true value of blockchain subversion, thus increasing the danger of vendor lock-in. Companies who adopt this option ought to be aware of the limits and be ready to gradually implement the blockchain solution. They should also be aware that they can achieve the same results using existing non-blockchain technologies more efficiently and effectively.

Conclusion

Visit Imarticus today to discover all our Blockchain online training and Software engineer courses offered via our SCIB courses and become part of how IoT, AI, and blockchain will revolutionize business.

What Blockchain Technology Means to The Finance Industry?

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In the beginning, the value of the currency was related to the weight of the metal, so its value was intrinsic. Around 1950 the first credit cards were created, i.e., the first attempt to use electronic money to buy goods and services without the need to use cash.

Now it seems that the next step is cryptocurrencies or bitcoin, and this is where a blockchain certification or a fintech course can be very relevant. The aim of the blockchain is the secure, direct, and transparent exchange of any transaction. And not only that, due to the success that the blockchain has had in cryptocurrencies, the financial world is on its way to transforming itself.

best Fintech courses in India

What Is Blockchain?

Blockchain is a disruptive technology, which has only just been launched, but which represents a revolution within the internet very similar to what happened in the 1990s. It is a revolution for the financial sector, but also many other aspects, such as the transfer of data and information between individuals. 

To put it as simply as possible, what Blockchain technology provides is the creation of a decentralized database, i.e., a database that does not live on the usual internet servers but thousands of users’ nodes. This database has certain characteristics. Every block that is introduced into the Blockchain must comply with a series of pre-established rules. Once a block is introduced, it is cryptographically sealed in a process called mining and this information will remain there, immutable, forever.

Fraud-Free Payment

One of the main benefits of this technology is that it offers the possibility of carrying out economic transactions securely and quickly. Thanks to encryption and encoding, manipulation and possible fraud are prevented. This allows all players to offer global payment alternatives, without putting anyone’s security at risk. Another major advantage is the possibility of implementing a transparent system in which the status of registered accounts can be viewed.

The truth is that the Blockchain is not only useful for making economic transactions, but also for storing and securely transferring information, avoiding security breaches. It also ensures that the information is not modified. This technology is increasingly trusted by companies and individuals alike.

Other Benefits of Blockchain

More than just sending data, it proposes a new paradigm in the digital ecosystem. Until the birth of Blockchain technology, everything we worked with copies, if you send an email there are many copies of it on servers, if you send a file anyone can make copies, a website, a video, everything is copies, copies, copies, copies.

Blockchain technology allows us for the first time that, if I send you a digital item, I no longer have it, whether cryptocurrencies, digital collectibles, etc., and this is just one of the many features it can offer.

There are still major technological challenges that blockchain technology has to face, the most important of which is scalability. Today, truly decentralized systems easily become saturated when they reach a high number of users, but there are already many advances on the table to improve this aspect.

We are also seeing the birth of new sectors such as decentralized finance or non-fungible tokens, which have only just been born and are revolutionizing the digital and financial industry. And it is on these topics that our blockchain training focuses.

Thanks to blockchain technology, for the first time the financial sector can move across networks and, most importantly, without intermediaries, from person to person. Blockchain training is becoming popular and the best way to get it is with a fintech course.

best Fintech courses in IndiaOur MBA with a specialization in fintech offers you the opportunity to get a blockchain certification.

How to Develop your Career as a Blockchain Developer

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If you’re a newbie in the blockchain world or just looking to beef up your skillset, this post is for you. We’ll go over what Blockchain developer does and how they can use their skills to earn more money.

What is the role of a blockchain developer?

  • A blockchain developer is a person who designs and constructs decentralized applications to implement the business logic of an organization.
  • Blockchain Developers are very skilled software developers who need to have excellent programming skills and be aware of many aspects of cryptography.
  • Blockchain developers’ main task isn’t creating an app for everyday money transfers between users – it’s about creating apps meant to be used by large corporations, startups, developers, and investors.
  • Blockchain developer has skills that are a cross between an Ethereum engineer and a full-stack web developer.

Some Tips on How to Become a Blockchain Developer:

1) Learn Javascript

Most blockchain projects are in javascript or typescript. Learning the basics is a must for anyone looking to get into this space. So start learning javascript.

2) Learn to code full-stack

Developers will need to build end-to-end systems using React, Angular, Node.js, PostgreSQL, and web3.js to build decentralized applications.

3) Learn Gitlab CI/CD

If your team uses Gitlab CI/CD for development, it’s good to get familiar with it to prepare yourself to contribute to it. It’s also helpful in testing your projects. Although it’s not very hard to learn, most devs will know it.

4) Get familiar with Web3.js and Truffle

Web3 is the most popular javascript library for ethereum development, so learning web3 will come in handy when working on decentralized applications (dapps). Truffle is another vital tool for development.

5) Get familiar with the development frameworks

If you want to be serious about blockchain dev, you should learn at least one central framework. These include Truffle, web3j (java), Quorum (Javascript), and neo-python (Python).

6) Get familiar with Cryptoeconomics

Cryptoeconomics is a mixture of crypto and economics, which determines the rules that guide the interaction between two parties. It includes cryptography, blockchain protocols, mechanism design theory, economic incentives, and game theory.

7) Get familiar with Developer tools for ethereum

Tools like Ganache and Meta mask are essential for testing decentralized applications. It is recommended you get familiar with them. If you want to be a successful developer in this space, these tools should already be part of your workflow.

8) Get familiar with IPFS and Swarm

These two protocols can use in most ethereum projects. If you want to be a developer, reviewing the documentation and getting familiar with their functions is good.

Explore and learn with Imarticus Learning

The ONLY FinTech course covers every vital element of the industry while also providing hands-on experience with popular technologies, including APIs, Blockchain certification, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Some course USP:

  • This Fintech course is with placement assurance aid the students to learn job-relevant skills that prepare them for an exciting career in Fintech.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the 360-degree practical learning implementation with assignments.

 

What is Blockchain Developer Salary?

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What is Blockchain Developer Salary?

The importance of Blockchain technology is paramount and there is a huge demand for Blockchain developers by tech-based companies that relies on using cutting-edge progressive technical solutions. Before jumping over to the remuneration offered to a Blockchain developer let’s understand what this technology entails and what these Blockchain developers do.

Understanding the Blockchain technology

Blockchain can be explained as a decentralized digital ledger that captures digital information mainly related to economic transactions of high value which can’t be altered later. The use of cryptography and decentralization to record data makes it impossible to alter the data recorded at any given point of time.

It is extremely helpful when it comes to recording public information and establishing accountability and transparency in the process.

Blockchain is based on a peer to peer technological model that allows information to be stored on multiple servers globally. Anyone who is a part of the network can see the updates in almost real-time and the source of input can be easily verified.

The participants in the network are given a unique identification number that can help to trace the identity of the person responsible for any updates in the blocks. The whole system comprises three important elements; the block, the nodes, the miner.

Blockchain is growing to become a disruptive technology much like the internet and has the power to transform the world for good. It will revolutionize the way information is shared among people and instill more accountability with transparency in the process.

Many companies in industries such as healthcare, finance, and supply-chain are keen on finding out the other possibilities with this revolutionary Blockchain technology and this has created a spurt in the demand for Blockchain developers.

Responsibilities & remuneration of Blockchain developers

What do the Blockchain developers exactly do? Well, Blockchain developers are responsible for a wide range of activities involved in developing a Blockchain application. A Blockchain developer is responsible for the development and optimization of Blockchain protocols that require an in-depth understanding of the core principles of this revolutionary technology.

Their main function can be understood in the light of the various applications of this remarkable technology that includes building the model of Blockchain systems, developing smart contracts, building applications based on Blockchain technology, etc.

Blockchain developers can be divided into two categories; blockchain core developers and blockchain software developers.

The roles of these two developers are interconnected and both have a different area of specialization. The core blockchain developers are responsible for the overall design and framework of blockchain technology. The blockchain software developers do not have to work on the design of the model, they have to develop blockchain applications using the design and framework created by the core developers.

Blockchain Developer Salary in India

As per global estimates, the average salary for a blockchain developer is far higher than the average salary for a normal software engineer. The annual average salary for blockchain developers or experts lies in the range of $150000 to $175000. The average annual figures for other software engineers is somewhere around $137000.

As per research reports, the median annual salary for blockchain developers is in the range of $127000 to $172000 making it one of the most lucrative career options for tech professionals.

In India, the blockchain developers’ average remuneration ranges between Rs. 500,000 to Rs. 30,00,000. This is almost double the average salary earned by other software engineers. With some experience in the professionals can earn as high as Rs. 45,00,000 annually.

Senior-level blockchain professionals can earn much higher in this industry, companies are even willing to pay over Rs. 3 crores given the value they’ll be adding as senior professionals.

If you are interested in choosing blockchain technology as a career option then you can easily work on the technical skills required to do the job by opting for a Blockchain online course. The course will impart you with relevant technical knowledge and give you a practical understanding of the functioning of this technology.

How can the Blockchain Secure IoT Networks? Applications of Blockchains in the IoT!

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The blockchain and the IoT have immense potential, and professionals are already working to combine these technologies. This merger can enhance data security within IoT networks & support various IoT solutions.

Here’s how blockchain features can be used to enhance IoT networks:

Why do IoT networks need blockchains?

The concept of an IoT network is that smart devices gather data about the environment, wirelessly connect to the internet and other devices via gateways & routers, & share the data collected within a network.

In addition, remote devices with user interfaces control IoT devices while transmitting data to users. In this IoT network, the data flows between IoT devices & can be stored on the cloud, local database, remote device, or IoT devices.

Applications of IoT:

IoT is used in workplaces, public spaces, streets, or at home, facilitating smart home systems, security systems, smart city infrastructure, etc. IoT devices are widely used in healthcare, manufacturing, construction, agriculture, & other industries. Wireless connections make IoT technology easy to implement for home & business usage.

Benefits of integrating a blockchain into an IoT network:

Data decentralization

The distributed architecture of blockchain means there’s no central point of control. This eliminates single points of attack or failure, reducing infrastructure, reconciliation, & management while improving fault tolerance. The nodes in a blockchain network manage the distributed digital ledger and confirm new blocks.

Improved system scalability

While reducing IoT silos, blockchain IoT integration contributes to improved scalability. Decentralized networks distribute workloads over devices and provide more computing power than centralized networks.

Guaranteed data stability

The data stability in a blockchain is ensured with cryptography that makes the distributed ledger permanent and unalterable. Added cryptography to smart devices provides secure data transfer & storage. A blockchain can keep a stable history of device communications within a specific IoT network.

Stronger authentication

With a blockchain, every IoT device can be identified. A blockchain can ensure trusted authentication & authorization for smart devices, which means all data within the IoT network will be secured. The private key remains with the user and is used to prove their identity, while the public key is distributed to the network provider.

Enhanced privacy & security

Blockchain secures communication between IoT devices by storing data in transactions & validates those transactions with nodes. This ensures traceability & accountability of sensor data. By using cryptography for communications, blockchain eliminates the risks of data breaches.

Improved data management

A blockchain facilitates IoT devices to communicate without involving a server, cloud storage, or other local databases. IoT developers can use blockchains to provide device-agnostic & decoupled applications.

Grow and learn with Imarticus Learning:

Both blockchain and IoT technologies are constantly developing to solve existing problems & meeting new ones. A Blockchain course is all you need to consider for those looking for career opportunities in the tech industry.

best Fintech courses in IndiaIf you wonder how I become a Blockchain software engineer, Imarticus Learning caters to your doubts and offers Blockchain courses that get you into detail.

The 9-month extensive program will help you prepare for the new-age Software Engineer role specializing in Cloud, Blockchain, and IoT.

The course allows students to build a strong foundation of Software Engineering concepts, with industry experts helping to learn the practical implementation of Cloud, Blockchain, and IoT through real-world projects from diverse industries. This course goes a long way towards helping you unlock lucrative career opportunities in the ever-growing field of Software Engineering.

For further details, reach out through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What is Ethereum Blockchain?

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If you keep tabs on areas such as banking, investment, cryptocurrency over the last decade, you may be familiar with the term “blockchain”, essentially a digital ledger-keeping technology behind cryptocurrency. Likewise, when you are familiar with cryptocurrency, you may hear of Ethereum, the second-largest cryptocurrency in the market after bitcoin and most actively used in blockchain.

Let’s dig and learn more about the topics – what is blockchain, what is blockchain technology, how does blockchain work, how to become a blockchain developer, what is ethereum blockchain, etc.

What is Blockchain and How Does Blockchain Work?

Blockchain is a database system that stores data in a way that makes it very difficult to hack the system. Blockchain gathers new information in a group called block, and once the block storage is full it is chained onto the previous block. Blockchain can be used to store various kinds of data but mostly used to keep a ledger for a transaction.

Blockchain was initially invented to keep track of all Bitcoin transactions. In cryptocurrency use-cases, blockchain works in a decentralized way and decentralized blockchains transactions are recorded with an irreversible cryptographic signature called the hash. The decentralized databases, managed by multiple participants are known as Distributed Ledger Technology (DLT).

What is Blockchain Technology?

Blockchain technology is a structure to store transactional data, called a block in multiple databases, called a chain, in a network connected through peer-to-peer nodes. All the transactions recorded in this ledger are authenticated by hash, safeguarding from tampering. Blockchain relies on key technologies such as cryptographic keys and a peer-to-peer network containing a distributed ledger.

Blockchain technology uses hash encryption to secure the data, depending mainly on the SHA256 algorithm. In blockchain technology, data entry to the ledger is called “mining”. Mining involves the generation of hash for a specific transaction.

By all means, blockchain ensures a higher level of security and can support various industries like finance, supply chain, manufacturing. Blockchain founders are working towards the expansion of blockchain technology and influence in various industries. Judging by the success, blockchain could rule the future digital world.

How to Become a Blockchain Developer?

Blockchain developerBlockchain technology is still in its nascent phase. High demand, lucrative pay scale, and opportunity to work in cutting-edge technology are few notable reasons that make this career path worthwhile.

To become a blockchain developer, you should start with blockchain concepts, ideas, and architecture. Learn decentralization, the use of consensus in the blockchain.

Become familiar with glossaries and principles of blockchain. Learn cryptography, related algorithms and solutions, and blockchain ecosystem. Be familiar with real-time use cases.

Chartered Financial Analyst courseTo start coding, beginners are recommended to start with Solidity. Learn to create simple blocks, blockchain, implement genesis block, add the block to the chain, validate, and perform a test run. Subsequently, proceed with advanced features like Smart contracts, build the decentralized applications.

Many institutes offer quality courses on blockchain such as Imarticus Learning’s premier FinTech certification course that is offered in collaboration with SP Jain School of Global Management. This course teaches you multiple cutting-edge technologies including blockchain using hands-on training from industry experts, real-world case studies, and projects.

What is Ethereum Blockchain?

Ethereum is a blockchain platform with its cryptocurrency called Ether or Ethereum. It uses its programming language, Solidity. It is decentralized and is an open-source blockchain with a smart contract facility. Ether, the native cryptocurrency of Ethereum is the second-largest cryptocurrency after bitcoin by market share.

Ethereum is the most widely used blockchain. If we compare bitcoin to Ethereum, bitcoin is just a cryptocurrency, where Ethereum is a technology with its cryptocurrency. Both bitcoin and Ethereum operate on blockchain but Ethereum is far more robust.

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