How Can Business Benefit From Blockchain Tech?

 

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

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

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

1. Transactional transparency:

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

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

2. Verification and top-end security:

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

3. Better record keeping and traceability:

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

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

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

5. Cost reduction:

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

A bit on blockchains:

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

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

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

Conclusions:

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

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

How To Prepare For a Fintech Interview?

If you are wondering how to prepare for the FinTech job interview, don’t worry! Everyone is nervous when they have to attend interviews. Firstly, start with your revision and preparedness for the job.

One of the swiftest ways to be well-prepared, if you are a senior professional is to enroll for a Professional Fintech Certification or if you are just entering the world of management then enroll for MBA in Fintech

One of the swiftest ways to be well-prepared is to do a fintech course at Imarticus Learning. They include a curriculum that is well-designed and covers all topics needed while providing you additional training for soft skill development, resume writing, mock interviews, and assured placements. One can’t ask for more. Right?

Let’s peek into the broad areas required to conquer those butterflies in your stomach. Preparing answers under the following subheads will help give you a good start.

A. Questions on your background in technology.

Expect questions like 

  1. What technical experience do you have in the fintech industry?
    2. What is your favorite app and why?
    3. What are your negatives in the IT field?

These general questions are aimed at checking out your skillset, background, IT experience, and relevance of your experience to the scope of fintech in the recruiting organization. Your answers should be what is in your resume, straight forward, and highlight any specialization or work experience that is of value to the organization.

The weaknesses and knowledge gaps are meant to be justified and not lied about. Remember that when you claim to have the experience, they will definitely revert to it in subtle questions that follow.

B. What are your motivators and interests?

Here you can expect questions like

  1. What fintech technologies interest you and how would you apply them?
    2. How will you use the smartphone to improve your business?
    3. Explain how you can be the game-changer in our technology development and how it would improve our business.

The interviewer here is probing the financial knowledge and its linkages to your technical knowledge, experience, and interests. Link your answers to areas of interest to the recruiting company, your tech- passions and attempt to put a figure on the value added to sweeten the answer.

A good understanding of the technology used, business use of IT, and sound financial skills make you a desirable potential recruit. Be innovative and include some research for fresh ideas in the recruiting company’s areas of interest.

C. Your last job:

You will be probed with questions like: 

  1. What project were you recently working on?
    2.Which of your projects are you proud of and why?
    3. Tell us how you applied your knowledge to the project and what was your contribution to it?

This is not the time to wax eloquent about all your projects. This is your chance to show you can use your skills innovatively and bring fresh ideas to the table. The purpose of your work, its practical implementation value, your contributions, and how you enhanced project value is what they are looking for. Rather than technical jargon try to show you understand the purpose and end-user impacts.

D. Your fintech awareness:

It’s time for questions like:

  1. What’s do you think of the government’s policy on fintech?
    2. What would you do to improve our website or IT?
    3. How would you tackle the competition in the market for our product?

Recent developments and staying up to date is are what most employers desire of you. Stay abreast of the latest fintech developments, projects, and news. Don’t repeat facts and figures. Rather add value by giving your insights.

E. Your ability to solve problems innovatively:

The questions here are real tests and can be perplexing at times.

  1. Is 3,599 a prime number?
    2. What will you do if you were asked to overhaul our customer support division?
    3. What is your take on using Agile in our organization?

There will be some questions that may not actually seem relevant and are like brain-teasers. It is your approach and justification that matters. There may not even be the right answer to all questions asked. Don’t panic and think of a reasonable way to solve the question posed.

Conclusion:
A fintech career is literal jugglery of multiple domains within the scope of fintech like finance and technology, soft skills, intent, dedication, and a good personality. Especially for first-timers, the fintech interviews are stressful. Don’t worry about failure. But, do think of Plan-B in case that happens.

At Imarticus Learning, the methodology is to practically train you as a generalist on all the above tasks and includes resume-writing, personality development, and interview-training modules leading to assured placements.

Their Fintech courses are widely accepted in industry circles as a skill-endorsement and being job-ready. So, why wait? Enroll today.

Is Fintech Reeling Under New Challenges?

 

Just recently, the startup ecosystem in the fintech saw RBI regulate and intervene to establish a beta-testing sandbox for fintech products. This move was to provide a controlled safe environment for the release of products. And then, the Fintech sector came across a new challenge to overcome. The crisis of liquidity in the NBFC sector! Earlier in the year, ILFS the largest NBFC player on the market defaulted on its payments causing the cash-crunch for other NBFCs as investors grew wary and the capital markets declined lending to shadow NBFC lenders. The rating experts ICRA and CRISIL were quick to downgrade Home-Financer DHFL after the interest default to investors on its NCD issues. The liquidity-starved DHFL missed its deadline for payment of investor interest on NCDs.

The question now is about the impact and whether this is a blow to the fintech space? Entrepreneurs are divided over their opinions. Funding has not stopped according to the statistics. Tiger Global Management’s funding round saw them raise USD 30 million from Fintech-Startup-Open who offer banking services for businesses and SMEs. Razorpay specializing in payment solutions could raise USD 75 million with assistance from Sequoia India led a group of financiers. However, CEO and founder of Qbera.com, Aditya Kumar, said the liquidity crunch originating from ILFS has made investors risk averse and there is a capital shortage from banks and partnering financial institutions. His company just got funded USD 3 million from lenders E-city Ventures last year.

Citing data results from Medici insights oriented fintech platform and Zone Startups, between 2015 when fintech took off to 2018 a whopping 1,300 ventures cropped up in the fintech space. The P2P lending base uses funding loans of retailer investors and trust is key. But, it would be wrong to disqualify the fintech space on the count of the fund crisis in the NBFC segment. Fintech has an immense and broader scope than any other nascent industry. According to CEO and founder of LenDenClub, Bhavin Patel KYC is a challenge for the payment companies in the wallet segment and the liquidity of online lenders has definitely been impacted. Last year the LenDenClub got equity investments totaling to 3.5 crores in Rs.

CEO and founder of  CoinTribe, Amit Sachdev, felt the fintech industry should be classified as focused around SMEs and focused on the retail segment. The retail players are floundering to raise debt capital and equity as they have high costs in acquiring customers, the retail loans offer low yields and the product economics is not favorable to such financial measures. On the other hand, the SMEs dependent players do have debt lines and equity capital available to them. CoinTribe received a response of USD 10 million in funding from Sanre Partners and are focused on distribution and B2B partnerships with a SMEs focus.

Though the investors in the retail segment have adopted a circumspect cautious outlook, the P2P players in lending depend on the trust factor since their funding base is reliant on investors in the retail markets, according to RupeeCircle’s Co-founder Abhishek Gandhi. RupeeCircle was funded by Mahindra Finance to the tune of  4 crore Rs last year. Systematic communication ensures investor trust. From the start, their focus was both on recovery and lending and this has helped keep their rates of loss low and ensure investors do not distance themselves from them.

Overall, the Fintech segment is seeing steady growth. The fintech segment has over 175 deals, seen a cumulative sum of USD 1.5 in billions being invested in it last year according to data from Tracxn. This means strong players with the right growth figures and a profitable potential have succeeded in raising funds in spite of the poor market conditions and the resultant financial crisis.

Entrepreneurs are now more interested in scaling efficiently and significantly as lending partners are placing their bets on the SME focused lending segment, says Sachdev.

In FY 2019 CoinTribe saw 3x growth and are confident of these levels in the current year. They are betting on a 3-lever strategic approach of new product launches driven by SME business linkages and B2B partnerships to attain significant geographic expansion. Kumar from Qbera.com said they had an impressive 300 percent every-year rate of growth enabling their book-value to grow to beyond the 130 Crore Rs mark.

A framework that is robust, the use of AI technologies and a loan process that is seamless has helped them stay abreast of the market conditions. LenDenClub’s Patel was quick to point out that being a foundling finding new markets, they are still able to hit the 40 to 50 percent quarterly rate of growth mark.

Conclusions:

The Fintech courses offer immense job scope and opportunities. One can opt for training in this sector or in financial analysis from the reputed Imarticus Learning Academy to be a part of the revolution. For more details in brief and further career counseling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form on 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, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

The Advantages of Taking Up Fintech Courses

Financial technology is not completely new. The industry has been around for enough time to witness its ups and downs. Everyone can see how technology is changing finance. But still, there are a lot of gaps in information. Still, there are hundreds of people who ask Why Fintech? Even today. There seem to be thousands of blogs and posts on the internet, but they confuse people even more. Too much information is often like no information.
In such a case, if you belong to the interested but confused group of people, then your only savior is FinTech courses. Financial technology has only one way to go, and that is up, as believed by the experts. The industry will grow even more strong, and it will be advantageous to have certification for FinTech courses on your side.

Here are a few advantages of learning FinTech courses:

  1. Financial Technology

One of the biggest reasons why FinTech learning is essential right now is technology. The finance industry is no longer in the initial stage. The industry has adopted technology and is changing really fast. The pace at which banks are going digital is alarming. So if you don’t adopt financial technology or keep believing in traditional transactions, then you will be obsolete in a year or two. Being in the finance field, you cannot afford that. You have to get trained in the latest market situation and nothing better than FinTech courses to do that.

  • For the masses

Financial technology has brought each and every aspect of finance to the everyday man. There are no middlemen or economic bifurcations anymore. From investment advice to the rate of interest, every data and risk assessment reaches the layman by just one click. Intermediaries have gone down and so have the rates of interest. Now personal and business capital is available to anyone who needs it. Everything is computer-based, and that is why FinTech is essential. If you go for FinTech courses at the right time, you can make sense of it all for your clientele at the right time.

  • Competitive advantage

Entering any industry without proper knowledge can be dangerous. Being able to understand what’s going around you and using the proper jargon can be advantageous all the time. When a client asks you why Fintech, you will know the answer. Understanding financial technology better will help you outsmart the competition. FinTech courses are needed to do your job properly in these times of fast-paced technological changes.

  • Become a pro

Being in the field of finance, you know that mastering any discipline of finance takes time and efforts. Financial technology is no different. It takes the effort to become a Fintech pro. Online courses and free materials are all good, but they are more like shortcuts. If you want to become successful, then a detailed knowledge of the industry is necessary, and that can be learned through proper certification FinTech courses only. There is something for everyone – from beginners to professionals. Your success in the finance industry is why Fintech learning is essential for you.
Conclusion
We live in an age where there is no shortage of resources. There are a plethora of FinTech courses online and offline. According to your requirement, you need to make a choice. Whether you are a traditional financer, a beginner, own a start-up or have your own established business in the financial technology industry, you have to be updated about Fintech. These advantages listed about should tell you why Fintech is essential for your career. In fact, now you should be asking why not Fintech?

Is Lisk the best Blockchain?

Lisk is a platform, out of many platform coins seeking to serve the broader applications of blockchain technology. Lisk is opposed to Bitcoin which is a digital currency. It is in its earlier stages of development and Lisk is being tested by multiple companies testing multiple methods in a race towards mass adoption.
The History of Lisk
Lisk was initially called Crypti and was created in September 2014. According to their Crunchbase profile, it was created as a fully stacked solution to deploy truly decentralized applications onto the blockchain. Founders Max Kordek and Oliver Beddows created the open source dapp platform to inspire more blockchain developers to participate in the cryptocurrency space. The team released their ICO in Q1 2016 and sold 100 million of their native tokens, LSK, in return for 14,000 BTC which was worth $5.8 million at that time. Since its inception and ICO, the team has made steady progress on the project – from the implementation of their road-map to the Q1 2018 rebranding.
Why is Lisk different?
Lisk is different than its competitors due to two major reasons – JavaScript and Dapp Sidechains.
JavaScript
According to a survey by the 2018 LinkedIn Emerging Jobs Report, the job market for blockchain has seen a 33 percent growth in the last year. Lisk is trying to help the blockchain job marketplace by letting dapp developers use JavaScript, which has continuously been the most popular language for programming for the past 6 to 8 years. A large number of websites use Javascript, which gives allows Lisk apps to easily mesh and connect with most of the internet. Lisk might turn out to be the topmost option when developers are looking for a platform to build apps with if the demand for developers continues to expand and JavaScript is still as popular.
fintech certification
Lisk Software Development Kit (SDK)
Lisk also offers the Lisk App SDK in order to make dapp development easy for blockchain developers. The Lisk Too SDK is a framework to deploy sidechains and develop blockchain applications. JavaScript is used to write everything – which means that one can develop platform-independent social networks, contract execution platforms, games, messengers, exchanges, prediction markets, online shops, loT applications, online shops and much more on one’s own blockchain, fully decentralized and without the trouble of complex consensus protocols pr P2P
This points to another part of Lisk that differentiates it from its competitors: Sidechains.
Dapp Sidechains
One of the central reasons why blockchain training is built is to increase the scalability of blockchain technology. This needs a platform to manage large amounts of activity and transactions happening constantly on their blockchain which has to be thoroughly planned, as seen with Ethereum. Lisk is applying the use of sidechains to allow apps to be built on their blockchain, without the risk of a congested network. This allows, theoretically for infinite scalability and increased security.
To conclude the Lisk team comes off as one of the most professional projects in the current space and it is also backed by prominent advisors. They entered the market with a unique solution to a major problem and have proven their ability to make partnerships in the industry. Lisk is definitely worth taking the time to research and given a chance, it might outlast the current market and see significant gains in the next market.

How easy is it to get a Blockchain developer job if you have completed a Blockchain online course?

Since blockchain is a relatively new technology, and conventional methods of training are scarce, an online course can be extremely helpful for someone seeking a job as a blockchain developer.

Skills required to be a blockchain developer

There is plenty of blockchain related roles that businesses are looking to hire. For some, this might mean hiring leading experts with prior experience of running and creating distributed public ledger systems in production. However, often large corporates will look forward to building a team that revolves around a core of blockchain experts. In such cases, all that is needed in addition to engineering skills and strong software development skills is a firm understanding of the principles around blockchain systems.
However, blockchain is just one piece of a typical technology pile. Others who can prove to be a vital player around blockchain systems are engineers who specialize in networking or security, alongside those with core software development skills. If one has taken on an online course that helps to have an awareness of modern tech tools like docker containers and microservice architectures can be an asset too.
Qualifications required for blockchain developers
Alongside an obvious background in computer science or engineering, a further online blockchain training course can be especially beneficial. Experience as a back-end developer and a good strong knowledge of the fundamentals of cryptography is also crucial. Online courses these days also offer knowledge and understanding of Java and C, and these are the prerequisite for many companies seeking to hire a blockchain developer. For someone who has their own software project developed via GitHub, it can be an added.

fintech certification
Responsibilities of a blockchain developer
Blockchain developers are expected to response for research, design, testing of blockchain systems and on top on that to take ownership of a lot more.  A fintech course can be an added asset as nowadays companies are shifting to numerous financial technology methods to assist with financial transactions to save company costs.
As a blockchain developer job comes with prerequisite knowledge of cryptography and common data structures and algorithms, one will most likely be in charge of huge codebases and peer-to-peer (P2P) networks. One might also be put in charge of ongoing projects that might ask to break down existing code and frameworks and building them from scratch. One might also be asked to evaluate existing and proposed blockchain structures.
Many companies also look for blockchain developers to offer some business insights and logic using new technology. The role might also need the developer to be responsible for integration and might be asked for evaluations based on business metrics and IT-related ones.
How to become a blockchain developer?
Keep up with the latest industry trends – it is imperative for developers to take responsibility for their own learning. Reaching out to people who can help accelerate your portfolio and attending events with speakers can go a long way.
Using Reddit to keep up to date with relevant discussions and using GitHub to learn from peers and share code can also prove to be immensely beneficial in someone’s career as a blockchain developer.
Be agile and be willing to adapt – given the new nature of blockchain space, if someone is looking to work as a developer, one needs to be very patient and willing to get stuck in. As it is still relatively new, there might not be any detailed documentation to rely on, and developers have to be comfortable looking to open source code and to learn on the job.

Reliance Realty to Build Fintech Center in Navi Mumbai

The emergence of the amalgamation of technology and finance-related knowledge has created a consistent demand for banking services, fintech evolution, catering to the financial and insurance segment services, IT and cloud-based services and technology, the NBFC sector services and in keeping with the flow the growth of knowledge and training centers and institutes. Over the next two decades, this is expected to be the growing, return-oriented and most rapidly developing the economic sector. The state and central governments also have gone all out to promote and have a growth policy in place for the disrupting fintech segment.
Little wonder then that very large players like Reliance also have jumped onto the bandwagon. With a current -2.78 percent on NSE, RCom has taken all necessary approvals and initiated the development of its infrastructure in a well-timed plan to use its assets to develop Navi Mumbai’s island Smart Center for Fintech through its subsidiary realty arm. The Knowledge City named after its founder Dhirubhai Ambani- DAKC will have 3 million sft leasable and saleable space spread over a sprawling 132 acres campus in the satellite Navi Mumbai city. The Maharashtra Government, DIT and MIDC have approved the move lending credence to the promotion of Fintech in Maharashtra. The project is being touted as being twice the available space of the business complex in the busy industrial area of Bandra-Kurla of the city of Navi Mumbai.
RCom was recently in the eye of the debt-storm with an outstanding debt amounting to a little over 46 thousand crores in rupees and its filing an insolvency application in February 2019. Among its leading 40 creditors are Chinese and domestic banks besides Ericson. Using the route of restructuring of Strategic Debts, working on the sale of its spectrum, and the sale of its Nippon subsidiary, R Com had promised its creditors like the European Ericson to repay 550-cr Rs and defaulted forcing them to approach the highest court and NCL tribunal. The heavily indebted and financially stressed R Com has yet to begin its payments and the time-bound NCLT fast-tracked resolution is yet to see progress, which has been the situation for over nearly a year-and-a-half now. As of today, the creditors have not received any proceeds and the resolution plans which are underway, seem a long way off.
Swedish Ericsson has been baying for blood and repayment causing RCom and its subsidiaries RTelecom and RInfratel are also expected to file for insolvency separately. In an NCLT aided move for debt repayment and tardy resolution, the NCLT was quick to point out that the drawn-up plans are subject to speedy debt resolution and debtor repayments in a transparent manner where the funds from monetization of assets will need to be fast-tracked since the 270 day framework prescribed is fast drawing to its end. On the other hand, Shri Anil Ambani the Chairman has always claimed the plot which was the corporate hub of its operations had a developable market-value of 25,000 Cr in rupees.
Concluding Notes:
On an ending note, the establishment of the smart center for fintech in Maharashtra at Navi Mumbai sees the Reliance giant utilizing its property of over 132 acres in setting up an over 3 million sft state-of-the-art facility. The nearly finished and bankrupt titan hopes to be in the thick of the fintech revolution with this move for a structured government backed monetization initiative. Whether this move will bail out the stressed industrial giant is yet to be seen. However, it is aligned with the state policy to promote and develop the Fintech sector as its newest gambit in industrial development.
Do you have a head for spotting trends in the evolving financial markets and see scope for the policies and promotion of the fintech segment? Are you hoping to make a career of this and need efficient result-oriented training? Then, it is very important to select a reputed and experienced training partner especially at the beginning of your career.
If you also wish to be a part of the fintech revolution and wish to know how you can make a career in this evolving and promising field, then, check out the finance, technology and fintech courses at Imarticus Learning. The Learning-experience is based on the latest improvements and the methodology lays emphasis on being able to practically apply your knowledge. Besides, who wouldn’t want an able, reputed mentor and assured placements?  Hurry, fintech is evolving rapidly.

How is your company implementing blockchain technology?

A blockchain is a public ledger which records and accounts for each and every bitcoin transaction that is made. Blockchain acts as an alternative to normal currency, centralized banking, and other transaction methods. It is changing the way we handle financial transactions. Blockchain maintains an ever-growing list of each and every transaction across every network, which is distributed over thousands of computers making it almost impossible to hack.
Our business uses the following applications to implement blockchain technology. 
Smart Contracts
This term was first coined in 1993 – but it is only recently that Smart Contracts has gained fame due to the 2013 release of the Ethereum Project. Smart Contracts are run on this Ethereum Project which acts as a decentralized platform – these are applications that run exactly as programmed without a chance of downtime, fraud, censorship or any third party interference.
Smart Contracts are self-automated computer programs that can carry out all terms of a contract without any external assistance. It is financial security that is routed to different recipients held in escrow. Smart contracts are unbreakable, and it helps the business to bypass unnecessary regulations. Smart Contracts also helps in lowering the cost for a subset of our common financial transactions.
Cloud Storage
Our company is also beta testing the cloud storage application, that will help decrease dependency whilst offering secure cloud storage. Users can store on the normal cloud for more than 300 times simply by using excess hard drive space – this process is similar to someone renting their home on Airbnb. On average, the world is spending more than $22 billion on cloud storage, and this has the capacity to be a source of revenue for average users. Cloud storage also has the potential to reduce the cost to store data for personal users as well as companies.
Supply-Chain Communications & Proof-of-Provenance
Most of the things that we purchase are not made by one single entity, rather by a chain of suppliers who trade their components – for example, graphite or lead for pencils – to one company that gets everything together and makes the final product. The major issue with this system is that even if a single one of those components fails, the brand had to take the heat. We use blockchain technology, that provides the stakeholders with digitally permanent records that are can be audited with no concern. This also ables the stakeholders to see the site of the product at each value-added step.
Paying Employees
We thought and decided that blockchain Certification can be used as an application to compensate employees as it has its roots in cryptocurrency. Since our business has a vast network of international workers, we have also incorporated Bitcoin into the payroll which has turned out to be a major cost saver.

fintech certification
The world’s first Bitcoin-based payroll service, Bitwage has found a way around the high fee structure that is associated with international money transfer, at a much-reduced amount of time as such payments do not need to move from one bank to the other – this has been very effective for our business as it saves both time and money for our employers and us. Since we use a public ledger, one can actually see and keep track of all the money during the entire transfer process. This form of payments is something many other companies and banks are betting on this year, and it has become a very large part of our business.
Electronic Voting
According to BitShares, which is a globally distributed database, DPOS or Delegated Proof of Stake is the fastest, most decentralized, efficient and flexible consensus model that is available. BitShare also states that DPOS helps to resolve consensus issues in a fair and democratic way as it leverages the power of stakeholder approval voting. Elected delegates can be used to tune all network parameters from fee schedules to block intervals and transaction sizes. It takes as little as an average of just 1 second to confirm transactions by a deterministic selection of block producers. Most of all, this consensus protocol is designed to protect our business against unwarranted regulatory interference.
Fintech Course
Fintech is a new form of financial technology that applies and uses technology to improve financial actions. In our business, we have also included blockchain training that includes short fin-tech courses for our employees and stakeholders to understand better what kinds of applications best fit blockchain and other forms of distributed public ledger technology. Since incorporating blockchain in our business, it has become imperative for our employees to understand the design rationale, the basic technology, the underlying fundamentals of cryptography and its limitations.

Why Blockchain Engineers are in Demand?

There is a massive demand for blockchain training and talent and there is plenty of capital waiting to back it up. More than $3.7 billion has already been gathered through Initial Currency Offering (ICO) in the United States alone. Jobs in the blockchain sector are growing rapidly and according to the survey, there are now about 14 to 15 job openings for every one blockchain developer.

According to Nick Szabo, the developer of “Smart Contracts” there is a massive dollar to knowledge ratio in the blockchain space where capital outpaces talent.

Total – a marketplace for tech talent, is publicly releasing their blockchain engineering talent out of private beta. The total represents about 50 percent of engineering labor by revenue in today’s software development landscape. The demand for blockchain engineers has grown more than 700 percent since January 2017.

According to their records, almost 50 percent of the completely managed software development projects require blockchain skills. According to Toptal, if the requests are properly divided, it is possible to improvise on the blockchain development languages and knowledge areas that are increasing in demand.

fintech certification
Toptal’s founder and CEO, Tase Du Val is of the opinion that this paves way for some predictions on the blockchain development at large. Different types of contracts, according to him are going to be disrupted first and this disruption will mostly happen in the deals made that require complex contracting or even asset management.

Payments are complicated and to work at scale, asks for the Central Banks and Governments to sign-off. According to him, payments won’t come first and contracts can do without a sign-off, as they are a lower barrier to entry. The contracted space gets disrupted first as they are less regulatory hurdles.

The need for on-demand blockchain talent today is super high. Just the previous year, Upwork, which is a freelance talent market place, saw a massive rise in the blockchain which was registered as the fastest growing skill out of more than 5 – 6000 skills in terms of freelance work. These were spread over ICO advisory services, various engineering projects, and overall blockchain consultancy.

Toptal’s release of blockchain engineering talent in its freelance market might also pave the way for other great things. It can assist with the blockchain ecosystem, development overall by cross-pollinating projects as on-demand engineers share knowledge from one project to the other.

Moreover, it can also help for the overall growth of the blockchain talent pool through Toptal’s engineering skill development program that will in-turn help their existing pool of engineers to be up-to-date on the blockchain.
The blockchain engineers of Toptal are working on projects like the Hashgraph which looks into scalability issues on blockchain integrations alongside big public companies like SinglePoint.

In turn, all the clients who use Total for their projects and their remote workforce that span over 100 countries, gestures the further development of blockchain engineers with actual applied experience, allowing their clients to even hire them for a contract-to-hire fee.

What technical skills are needed to become a Blockchain developer?

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.