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Tag: Blockchain

How The Fintech Hub Plans to Drive India’s Need for Financial Innovation

Posted on by Imarticus Learning
Reading Time: 3 minutes

A fintech hub complete with accelerator, incubator, and platform for investors is set to open shortly in Mumbai to help young startups and fintech app innovations. The fintech revolution in India is young and already disrupting the space. The governments have been touting this revolution as the next big wave which will put India ahead economically and make it a strength to reckon with.
The Digital India movement, which began just three years ago in 2016, saw a majority switch to the ease of the Unified Payments platform or UPI-payments. QR scanning and app-based banking solutions are currently the norms. The financial, governmental curbs to end black-money, demonetization, the introduction of cheap 4G services by Jio, the mushrooming of Fintech courses, the simplified GST norms, and the government setting aside budgeted funds to develop this sector have been a boost to the commercial space.
fintech certification
Today there exist about 2700 startups and a 72% adoption rate of solutions for payments, with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, Star Tank by Paypal and the T-hub of YES bank according to the Inc42’s 2018 report. India is today the startup leader with Mumbai and Delhi being the financial centers and Bangalore the technological mainstay.
When compared to the USA, China, and several other countries, India is not recognized for Fintech. This indicates that the marketing & innovation processes and incubation levels or quality of products need to be tweaked, a national level policy enacted, an excellent fintech training course and nation-wide support strategy needs to be put in place to collaborate on such ecosystems, measures and ideas for the fintech segment.
The measures put in place:
According to Inc42’s Suniti Nanda, who is also the Govt of Maharashtra’s CFO, the focus is pan-India and not restricted to the Mumbai hub alone. Some of the year-long boxed initiatives are –

  • Setting up a base for the fintech segment, including a nation-wide live fintech registry. Able mentors, profiles, best practices used and a collaborative environment to promote the fintech initiative.
  • Setting up of accelerators and incubators like corporate accelerators and in multi-partner collaborations like with NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Banks partnered accelerators.
  • The proposed platform for investors will see buy-side investors and sell-side startups.
  • On-boarding of global investors will be showcased at road-shows where small players can interact, tie-up and collaborate in a safe and moderated environment.
  • A 3-year scheme of grants has been proposed for fund-creation for such startups and the fintech industry, where the fund will have industrial mentoring, banking support, private entities involvement, a better relational base, and such funds created will be jointly and agilely self-managed.
  • As rents are high and a pain-point for startups, the government has proposed a policy of rental reimbursements to the tune of 4 lakh rupees for three years, and this has benefitted about 50 such firms already.
  • Fintech education, polishing innovative ideas and talent, and developing excellent coding skills are being focused upon as the verticals of thrust and promotion in a bid to suit the demand for personnel.
  • Innovative Fintech courses are the need of the hour and premier institutes, reputed colleges and the industry have come together to create a modern syllabus, intern opportunities, and validated fintech certifications. Amazon, ICICI, Kotak, NASSCOM and many such leading institutions are helping make this a reality.

Concluding notes:
Fintech without an enabling environment needs proactive support across all states in India as the drive to the top is impossible when in isolation. Mumbai has emerged the leader by enabling its governmental policy for fintech industries and also ensuring that the best startups stay involved in the development of the sector.
It is vital that all states and people concerned are communicative, collaborative and contributive if we want to see fintech be the big-bang of tomorrow. India has the talent, resources, workforce, and a host of other advantages. What does appear to be missing is the collective intent to succeed and help others?
If the fintech revolution is where you wish to make your career, then doing a fintech training course becomes essential. Imarticus Learning can help you succeed by providing you practical skill-oriented training with strong mentorship, a measurable and well-accepted certification, assured placements and even a persona developing module. Why wait?

The Advantages of Taking Up Fintech Courses

Posted on by Imarticus Learning
Reading Time: 2 minutes

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?

How can AI be integrated into blockchain?

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Blockchain technology has created waves in the world of IT and fintech. The technology has a number of uses and can be implemented into various fields. The introduction of Artificial Intelligence Training (AI) makes blockchain even more interesting, opening many more opportunities. Blockchain offers solutions for the exchange of value integrated data without the need for any intermediaries. AI, on the other hand, functions on algorithms to create data without any human involvement.
Integrating AI into blockchain may help a number of businesses and stakeholders. Read on to know more about probable situations where AI integrated blockchain can be useful.
Creating More Responsive Business Data Models
Data systems are currently not open, and sharing is a great issue without compromising privacy and security. Fraudulent data is also another issue which makes it difficult for people to share data. Ai based analytics and data mining models can be used for getting data from a number of key players. The use of the data, in turn, would be defined in the blockchain records, or ledger. This will help data owners maintain the credibility, as the whole record of the data will be recorded.
AI systems can then explore the different data sets and study the patterns and behaviors of the different stakeholders. This will help to bring out insights which may have been missed till now. This will help systems respond better to what the stakeholder wants, and guess what is best for a potentially difficult scenario.
Creating useful models to serve consumers
AI can effectively mine through a huge dataset and create newer scenarios and discover patterns based on data behavior. Blockchain helps to effectively remove bugs and fraudulent data sets. New classifiers and patterns created by AI can be verified on a decentralized blockchain infrastructure, and verify their authenticity. This can be used in any consumer-facing business, such as retail transactions. Data acquired from the customers through blockchain infrastructure can be used to create marketing automation through AI.
Engagement channels such as social media and specific ad campaigns can also be used to get important data-led information and fed into intelligent business systems. This will eventually help the business cycle, and eventually improve product sales. Consumers will get access to their desired products easily. This will eventually help the business in positive publicity and improve returns on investments (ROI).
Digital Intellectual Property Rights
AI enabled data has recently become extremely popular. The versatility of the different data models is a great case study. However, due to infringement of copyrights and privacy, these data sets are not easily accessible. Data models can be used to show different architectures that cannot be identified by the original creators.
This can be solved through the integration of blockchain into the data sets. It will help creators share the data without losing the exclusive rights and patents to the data. Cryptographic digital signatures can be integrated into a global registry to maintain the data. Analysis of the data can be used to understand important trends and behaviors and get powerful insights which can be monetized into different streams. All of this can happen without compromising the original data or the integrity of the creators of the data.

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

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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

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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?

Posted on by Imarticus Learning
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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?

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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.

Why Fintech Needs to Start Counting for The Unimaginable 2020?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Fintech is a young achiever in India. Just a half-decade into its foray it has completely transformed the behavior of consumers. From cash to cards and now smartphone digital payments the concept of money stands redefined. The young Turk of Fintech can hope to see much development and should gear itself for 2020. The Government has placed its bet on the Fintech industry and has gone all out to promote the revolution with large incubators, sand-boxes, and promotion of the Digital India movement. So what does 2020 hold for this nascent industry? Let us explore the main contributory factors that are sure to dominate the next decade and usher in the digital revolution.
Digital Payments:
While blockchain technology and the digital mobile app solutions for payments like the interface for unified payments UPI the QR scan Bharat, initiatives of large online payment solutions like Amazon and Google Pay and many more the Indian markets will see much user-experience improvements. As of today, and according to NPCI the Indian payments corporation digital payments on UPI recorded a growth of 20 percent and 2018 saw over six-figure Crore worth money being transacted in nearly 621 million digital or mobile transactions. Truly messaging money is as simple as it gets!
Scanning of QR codes:
India uses the slightly outdated version of QR codes that are static while countries like China have moved to dynamic codes already. Even street vendors use the QR scan options to accept even the least payments and have made a huge impact on the behavior of the customers pan India. Alipay, Wechat, Tencent, Paypal, and a host of other big players see India as an emerging market for QR code scanning applications and evolving technologies in payment solutions. With sanctions and trade-wars hanging over the global industrial scenario 2020 will be a decisive year as far as Indian markets go.
Banking for MSME/ SME:
2020 will definitely be the year when the Fintech players fill the gaps in traditional retailer banking with innovative solutions and better customer experience. With fintech based aggressive companies competing for a place in the lending sector, the impetus for MSME/SME lending and credit is set to grow and will probably overtake retail-banking. Rightly so, since they are vital drivers for an economy that needs a boost and niche to grow into. Fintech also is a great step towards inclusion financially and a step in the right direction for the growth of industries according to the survey data from FICCIIBA.
Credit and lending apps:
Over and above the lofty goals of financial inclusion and growing the economy, the Indian market is where credit has been consistently withheld and is a cumbersome process. A plethora of changes is expected with online loan facilities and a population that is largely credit-starved. The over 15 crore market, the POS credit facilities being offered by giants like Amazon, Flipkart and others, and the rapid development of credit apps for digital lending are set to dominate the development of the Fintech sector especially with the credit card circulation rate is less than 3.9 crore. This is a win-win situation for the young digital-age consumers with instant facilities to pay in installments and for the business enterprises to cash in on the burgeoning customer market for credit facilities completely doing away with the unnecessary issue of credit cards.
Fintech training:
The growth in this sector has also seen the promotion of Fintech learning in a big way. The essentials of finance, technology and practical development of learning have seen unprecedented boom-time. Are you interested in what the Fintech industry could mean to your career and how you could be a part of this growth? Try the courses at Imarticus Learning which not only gear you for a career in Fintech but also offer assured placements in this next-gen technology.
In parting, 2020 looks promising for disrupting in the Fintech segment and the emergence of young startups as the unicorns of tomorrow for all the above reasons. Beat the helm of a fintech career and experience the seamless career transitions at Imarticus. Besides, where futuristic technology is expected to spur growth, one cannot but place a bet on the reputed favorites, right? Enroll at Imarticus today and ensure you are part of Fintech’s success.

Python makes an excellent language for a blockchain training project and here is why:

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It is advanced and easy to learn
Python’s position in the tech scenario is growing stronger every day, and it has been around for a while now. Python has evolved over the years, and it is constantly supported by a passionate and growing community of developers. It is at an advanced stage which guarantees reliability and stability. It has come a long way and has a long way to go, and one can rest assured that one’s project won’t be based on a language that is on its way to becoming obsolete. Python is equipped with a gentle learning curve making it possible for developers to master it within a short span of time.
Python is minimal and simple 
At the core of Python’s philosophy are two major things – it is minimal and hence simple. These core aspects of Python are derived from many different features like for example, white spaces in Python, signify code blocks. Developers need not worry about adding keywords or curly brackets. Python can be used to code a blockchain without having the need to write a lot of code.
Python is popular 
Over the past few years, Python is becoming increasingly popular which makes it an excellent choice for a Blockchain-based project. According to this year’s TIOBE index, Python is ranked third amongst all programming languages, and according to the index, its popularity is only growing steadily. In practical terms, this means that one will have a comparatively easier time building one’s project as there are many developers who specialize in Python including professionals with a scientific or academic background. Pythons’ popularity also means that a team has access to its ever-growing community which shares useful knowledge and builds libraries. Most online courses in blockchain offer a Fintech course which strongly suggests the use of Python over other programming languages.
Python can be run compiled or uncompiled
Unlike other programming languages like C, Python is a scripted language that requires no compilation to be readable by machines, which makes it easier for developers. For example, if someone runs an application and notices a bug – if one is using a compiled language to fix it, one has to stop the application, return to the source code, fix the bug, recompile the code and restart the application. In Python, all one has to do is fix the bug and then reload the application. It is that simple. One does not have to recompile the code, making massive headway in building blockchains.
Python offers free packages for Blockchain
A big plus of using Python in a blockchain project is that it gives developers a collection of free packages to assist them to write code more efficiently. Here is a page with a complete list of these libraries.
Python for Blockchain
Blockchain has some very specific requirements when it comes to code and language. When one chooses a programming language for a Blockchain project, one has to be very sure that the language is secure, well functioning and scalable. An advanced, reliable language is a must to make the blockchains as safe as possible, and Python can be of great help.
Blockchain implementation
With Python, a simple Blockchain can be created in less than 50 lines of code. First, one needs to define what the block will look like. Each block in the blockchain is stored with an index and a timestamp. The key is blockchain integrity, so it should be ensured with a cryptographic hash of the index of the block, timestamp, data and a genesis block at the start.
Python is recommended for blockchain if one is trying to address a case of Internet of Things. One can easily perform many tasks with a single command with Python which makes the work of building blocks with the necessary information and linking them a much easier one to do.

Which business models work within the Blockchain/ Bitcoin sector?

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Blockchain technology has certainly caught the attention of different industry sectors especially the bitcoin sector. It is a game changer in the functioning of business and also aids in enabling innovation to evolve at a rapid pace. Which is why most companies are now adopting blockchain technology.

With the use of technology at the forefront, industries across are seeing a rise in the use of blockchain business models. Companies are now looking at decentralizing problems, the way they are perceived and the unique ways to solve them. Organizations are now trying to get the Blockchain technology to adapt to their mainstream implementations.

What is the need for a blockchain business model
Blockchain in itself is a business model with which businesses can turn their processes into a decentralization platform to alter the way their system works. Implementing a blockchain business model in an organization could change the entity, flow of transactions, profits, turnovers and ensures growth in the right direction.

From the advent of Bitcoin, blockchain based business models have been constantly used, modified and improved to suit the needs of the business. Blockchain business ideas must work at both macro and micro levels that will benefit the end users and the employees of the company.

With the blockchain business model, there is no need for a centralized authority. So the business model becomes a lucrative one with no stakeholders involved. Anyone helping and inputting in the blockchain gets rewarded for their contribution, depending on the contribution.

Bitcoin helps the miners to earn a profit by making their contribution to decoding the algorithm at any stage. This kind of model helps every person or institution contributing to the model to make some profit. Now that we have gained a basic understanding of how the blockchain business model works, let’s see some popular ones that function in the sectors:

  1. Token Economy – Utility Token Business Models

Loads of startups, e-commerce sites and business use this model where the businesses hold some of the utility tokens and release the remaining for the functioning of networks. The profit is made when the value of the utility token changes. The utility tokens have got variables assigned to them and examples are BANKEX tokens, EDU token, and even Ripple.
     2. Blockchain as a service business model ( BaaS)
This model aims at providing an ecosystem for other businesses to manage their existing blockchain system. Within this system, companies can test, research and experiment to decentralize their functions. Microsoft (Azure), Amazon (AWS) are examples that use this system and the startups, companies don’t have to worry about how their blockchain works and focus on their core business. This model also eliminates the need for hardware.

3. Block-based Software Products
Since its inception in 2009, older conglomerates also have the need to adapt their businesses to the blockchain technology. The easiest way for corporates to do this is to buy a blockchain solution and collaborate it with their existing system. This gives a chance to blockchain companies to create solutions and sell them to bigger giants. This is a lucrative option as it will give a profit up front and also a chance to develop solutions for support after implementation. Lack of talent in the market could also be a reason to buy a blockchain based software product that fits the requirement and saves the hassle of recruiting and training staff.

Since its inception, blockchain technology has been creating waves with almost every industry trying to implement it. Studies and surveys reveal that most companies would have adopted technology in a couple of years. Participants enrolling in the Fintech course will benefit from the knowledge given during the sessions about the functioning of these business model.