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Tag: career in Blockchain

Regtech: How Technology is Simplifying Regulatory Compliance

Posted on by Imarticus Learning

The growth of information technology has led to major industries around the world seeking out digital solutions for streamlining their operations. Keeping up the pace, fintech has also adapted to digital tools, bringing forth new products and services that lean towards accessibility and user convenience.

best Fintech course in India

In recent years, RegTech has emerged as one of the commonly used tools implemented by fintech organisations to support regulatory compliance, in addition to monitoring audit trails and preventing fraudulent activities across platforms. If you are pursuing a blockchain course, this article is a quick guide to RegTech and its potential in the fintech industry.

What is RegTech?

Regulatory Technology, or RegTech as it is commonly known, has been steadily growing popular as an automated, technology-driven digital tool allowing organisations to keep up with their regulatory compliance commitments. In the era of digital solutions and technologies, RegTech has been noted for its immense potential in the financial industry, where RegTech can be implemented to monitor a company’s regulatory compliance and monitoring. 

In addition to streamlining the process of regulatory compliance, RegTech can reduce expenses, and eliminate the risks of fraudulent activities such as cyber hacks and data breaches. RegTech can simultaneously monitor and keep up with changes in various aspects of the regulatory space, including data analysis and management, employee surveillance, tracking transactions, detection of fraudulent activities, and more.

What makes RegTech relevant in the fintech industry?

RegTech has been recognised for the promises it brings in support of regulatory compliance, with integration, analytics and speed being its principal assets. With the ability to seamlessly process and organize data sets, as well as generate quick reports, RegTech is an incredible addition to the rapidly evolving environment of regulatory compliance. 

RegTech has also drawn attention in terms of adaptability and can be integrated into systems, even with limited resources. Mentioned below are some of the capabilities that make RegTech adaptable to conditions with limited resources:

  • Compliance monitoring

RegTech tools serve the primary function of monitoring regulatory compliance, which includes tracking any changes in regulatory compliance procedures and standards. RegTech tools can identify various parameters and jurisdictions imposed on regulatory compliance and use the information to flag potential breaches, making sure that the organisation is able to keep up with all regulatory compliance requirements.  

  • Regulatory monitoring

Dedicated analytics tools make RegTech an efficient digital solution, and offer automated regulatory reporting tasks, which significantly lowers expenses and saves time. Furthermore, RegTech makes use of limited resources to efficiently process data sets and organize them accordingly. RegTech’s audit capacities make it easier for companies to stay up-to-date with regulatory compliance and change management. 

  • Risk assessment

RegTech compares transaction patterns based on past scenarios, such as user activity and purchases to authenticate new transactions. This can be extremely helpful in terms of risk assessment, and issues automated warnings to concerned parties, predicting fraudulent activities. Since RegTech can adhere to company protocols and predetermined rules, it has found application as a potential risk management tool that can automatically prevent suspicious activities.

  • Identity verification 

RegTech tools can be integrated with KYC/KYB procedures, allowing organisations to verify the legitimacy of their customers, significantly lowering the risks of fraudulent accounts and transactions. KYC protocols allow RegTech to compare customer information, as well as secure onboard users.  

  • Fraud detection and anti-money laundering

RegTech supports expansive detection and monitoring tools that allow users to collect and analyse data. The collected data can be compared to analyse suspicious activities across platforms, eliminate fraudulent submissions, and handle precautionary measures. RegTech tools also help companies to keep government agencies informed about suspicious users and activities.

  • Tracking and monitoring

Incorporating RegTech can allow organisations to actively track transactions in real-time through transaction monitoring software. Other than flagging potentially suspicious activities, RegTech also accounts for eliminating ACH Network fraud and account takeover frauds, preventing any financial or data breach.

How does RegTech simplify regulatory compliance?

Managing regulatory compliance can be challenging, considering the domain of fintech undergoes changes on an everyday basis. Keeping up with compliance measures can also prove time-consuming and expensive, requiring additional resources to avoid fraud. Since RegTech tools are intuitive, they can help companies avoid additional expenses and save time. Although users are advised to learn financial technology for the best application of RegTech tools, they can also be easily operated without extensive knowledge of cloud computing. 

Incorporating RegTech has also made the domain of fintech more accessible and streamlined for its users. Given below are some of the ways in which RegTech can simplify regulatory compliance for fintech companies:

  • Improved regulatory screening and monitoring

As discussed previously, RegTech has been very influential when it comes to regulatory screening. However, in addition to collecting and analysing data sets, RegTech is also able to recommend strategic use of all available data. RegTech can accurately analyse expanding regulations to predict upcoming changes and help industries prepare accordingly. 

In addition to staying compliant with regulatory changes, this can also help industries avoid additional expenditures. Furthermore, using RegTech tools can help monitor workflow, ensuring they are up to regulatory standards. Improved regulatory screening and monitoring using RegTech tools also help companies implement proactive measures on time. 

  • Keeping up with regulatory standards

The ever-expanding nature of compliance standards often makes it difficult for companies to stay ahead of regulatory changes. RegTech tools can be extremely helpful in this regard, as they can seamlessly collect and process data, allowing companies to act quickly without having to resort to guesswork. And since RegTech tools make predictions taking into account factors like jurisdictions and market conditions, they can help streamline the process, saving time and money.

  • User-friendly automation 

While the efficiency that RegTech tools bring in terms of time and resources is enough reason for RegTech’s steady popularity, its automated compliance reporting feature is undoubtedly a game-changer. Automated updates on regulatory changes can help industries easily meet compliance standards, keep track of transactions, and collaborate with relevant agencies.

Conclusion

The wide scope of RegTech has been praised across various financial institutions and platforms, making it a staple for financial accounting and management. If you wish to pursue a career in fintech, signing up for the Professional Certificate Course from Imarticus is the best step forward. In addition to relevant courses like the blockchain course and cloud computing, Imarticus offers comprehensive coaching to help you learn financial technology and its application. Visit Imarticus Learning today to begin your journey in fintech.

How Blockchain Can Help To Aviation Industry’s Services?

Posted on by Imarticus Learning

The modern airline industry has advanced quite a lot in the past few years, and yet there are some drawbacks in the industry that need to be fixed before it can realize its true potential. One such area of optimization and improvement in the airline industry is data collection.

Today the airline industry collects data on its planes through the use of 40 or more systems, and each of these are stored in different locations, owing to which there is no central database through which the entire flight system can be managed at the same time. This process of data collection not only leads to mismanagement but also a huge cost incurred due to the maintenance of multiple systems, sometimes by competitors in the same industry.

A Decentralized Management System 

The use of blockchain technology in the airline industry can prove to be beneficial and helpful across many different sectors. For example, at present, when a plane is serviced or repaired, multiple systems capture the state of the new components being installed, but often this data is not accurate.

Blockchain CareerOn the other hand, if a digital ledger is created through blockchain training, it can take a snapshot each time a component is replaced or repaired, along with the credentials of the manufacturer, assembler, and technician. Through this snapshot, a real-time clone of the component can be created, which can then be monitored to understand the overall condition of the system.

And the application of blockchain doesn’t stop here. Following the above-mentioned example, the same principle can be applied to each and every component of the airplane, thus facilitating the overall monitoring of the entire system at all points in time.

Implemented at a large scale, the application of this system can help in:

  • Significantly reducing the overall cost of maintaining airplanes and also reduce the amount of downtime due to unplanned maintenance.
  • It can significantly increase the value of planes when being sold in the secondhand market, as a clear real-time snapshot of the entire system can be shared with the buyer immediately.
  • Increasing the productivity of workers, both in maintenance as well as in manufacturing, as the overall system will work in a much more controlled, efficient, and timely manner.

Areas of Improvement

Although the larger impact of blockchain implementation on the airline industry is yet to be estimated, there are three main areas where the immediate benefits can be witnessed.

Maintenance

  • Efficiency: With the implementation of blockchain technology, the current time spent by professionals on routine maintenance and inspection will be drastically reduced.Blockchain Career
  • Defeating Duplicacy: A common issue with the airline’s spare parts industry is the fact that often buyers are duped via duplicate parts. With the implementation of blockchain, buyers can immediately compare their products to a ledger and thus confirm authenticity.

Finance

  • Increased Value in Reselling: Due to the absence of a real-time maintenance record, the price of airplanes in the secondary market is often less as the actual condition of the plane and its components cannot be correctly estimated. With blockchain technology and the creation of a real-time ledger, this issue can be immediately addressed.

Workforce

Every year, the airline industry employs hundreds and thousands of professionals around the world, and while there is a system to maintain them, a system of verification and identification is absent. With the implementation of blockchain technology, a ledger of personnel can also be included, which will assist in better monitoring and overall management.

Conclusion

The right implementation of blockchain technology can create many benefits for the global airline industry and thus if you want a blockchain career in the airlines industry now is the time to start.

What are the profitable and developing career paths in the fintech industry?

Posted on by Imarticus Learning

Fintechs are start-ups offering financial services and banking products in business competition with the banking and financial institutions.  Many of them operate globally and account for sizeable portions of the industry services in finance, banking, and insurance sectors.

With Fintech industries becoming hugely popular the numbers of career paths in Fintech industry that open up are huge, especially for finance and computer science background aspirants.

Appropriate skills required.
The emerging technology of today which helped revolutionize the fintech sector is of blockchain technology. To be recruited the appropriate job skills will be required. We list below such skills to develop in order to make a lucrative start of your career in the fintech sector.

  • Java: This is popular with investments, banking, and financial sectors. There is a huge dearth of skilled programmers and team members, and for obvious reasons, the payouts can be very good.
  • C#: The analytics and risk team, offshore developers, C# programmers will be needed to build tools for RWA calculations used in the financial and banking sectors.
  •  Murex: Most financial sector jobs need broad-based skills that include language proficiency, technical skills and familiarity with Murex to be on strategy teams. The analytics development and integrations with Murex will also be required of Quants.
  • Python: This is the favorite of the fintech, banking, insurance and nearly all sectors with money transactions.
  • Finance/ Business analyst: Banks are redoing their technology strategy and implementing new projects based on blockchain technology and user experience. Security, audits, back office reporting, predictive analysis, and compliance regulations are increasing creating a demand for those who can upgrade, tweak and implement transitions to the latest technology.

Developing career paths.

1. Blockchain Developer
The need for blockchain developers and experts is growing exponentially. Enterprise developers, Ethereum network-based payment solutions, smart contracts, and distributed developments will spur the demand for developers and analysts.
2.  Apps Developer
The markets of the Fintech sector has seen scaling upwards market growth in mobile and digital payment solutions, personal finance solutions and mobile app development. This has pushed up the demand for young Fintech app developers.
3. Financial and Data Analysts
Increasing numbers of startups and the fascinating growth of technology in the financial sector means unstoppable demand for financial and data analysts.
4. Product Manager
Such managers will be in high demand in the encryption, security, online identity, and cryptography areas. Knowledge of Scrum, Agile and such evolving team performance tweakers will become essential.
5. Compliance Aces
Compliance experts, compliance analysts, and compliance officers for financial companies will be crucial to ensure regulatorily, and compliance targets are met.
6. Cybersecurity and Risk Analysts
Risk management, compliance, and regulatory experts will be sorely needed.
7. Analysts for Quantitative analysis
The ‘Quants’ drive complex big financial models based on data-driven emerging technology to make those financial, banking, hedge fund, and securities trade successful, fast, secure and risk-free. Cloud computing, quantum computing, AI, AR, and predictive analysis are good algorithms for your career.
8. Culture Evangelists.
Retention of skilled candidates becomes a daunting task with the increasing supply-demand gap. The HR department, event managers, and culture advisors will be in demand.
9. Manager-Business Development 
These managers are crucial to the growth of startups and Fintech organizations.
10. Data Specialist
Data scientists, data analytics managers, financial data analysts are required in large numbers with the ever-increasing amounts of data.
Do a fintech course in Banglore to start your career off on the right note.

What Projects are Included in the Blockchain Training Course?

Posted on by Imarticus Learning

What Projects are Included in the Blockchain Training Course?

Popularized by the Bitcoin cryptocurrency platform, blockchain has been making the rounds recently. Introduced as a triple ledger system for the administration of Bitcoin cryptocurrency, blockchain is now being applied to all aspects of a business.

Many students and professionals are aspiring for a lucrative career in blockchain. With a high potential to change how business is executed, there is a surge of interest towards blockchain in recent days and many institutes in India offer blockchain training courses.

Projects in Blockchain Training Courses

A blockchain training course offers real-time, real-world, industry-based projects.

Most of the projects teach you how to develop a blockchain, deploy cryptocurrency on the blockchain that has been developed, and how to set up an ICO on the cryptocurrency.

Listed below are examples of some industry-based projects offered in a Blockchain training course:

  • Project for Verification of User Identity

This is a project where you learn to develop a smart contract to verify the identity of the user before allowing to access the application.

  • Project for Finance Company Business Network

This project helps you understand how to use Hyperledger Composer to create a business network for a finance company, to test it and to place it on a cloud platform like IBM Bluemix.

  • Project for Healthcare Insurance

This project is designed to help you understand how to use blockchain to automate the processes in the health insurance domain and to improve it. You will learn to develop a business network that aids the patients to opt for health insurance from the health insurance provider.

  • Project for Rating Movies

Blockchain can be used in the entertainment industry too. This project teaches you to create an application and create a smart contract for a decentralized movie rating. You will also learn to test the application on a local blockchain network.

  • Project for Banking

This project demonstrates how blockchain is used in a banking application. In this project, you will create a simple smart contract for a bank that allows the customers to perform bank transactions such as depositing money into the bank account, withdrawing money from the account, checking the account balance, and deploying it on a test net-like Ropsten network.

  • Project to Create a Network for Animal Tracking

You can have a blockchain career in the farming industry as well. This project is to help the farming regulatory body to create a network that helps track the animals on the farm and the movements of animals between farms.

  •  Project for developing a Smart Contract to Design a Digital Token

This is to help you learn how blockchain is used in the financial industry. You will be assigned to design your own digital token that can be utilized as an asset, currency or share and to develop a smart contract to issue it.

  • Project for a Decentralized Marketplace

The challenge is to create a smart contract that helps avoid the issues of the centralized markets and to develop a decentralized marketplace application.

  •  Project for a Multichain Stock Exchange

In this project, you will bring in optimization to the stock exchange which is otherwise expensive and centralized. The solution is to create a stock exchange model that helps to decentralize and simplify the multichain system and to make it faster, secure and transparent.

Conclusion

The projects mentioned above are some examples to understand how blockchain can be used for different industries. While some courses give you specific industry-based projects, some allow you to use your imagination and knowledge to come up with new ideas. The essence is that if you aspire for a blockchain career, you need to understand how blockchain works and how you can incorporate it into different industries.

 

How A Blockchain Can Be Used In P2P Network?

Posted on by Imarticus Learning

How A Blockchain Can Be Used In P2P Network?

Making the blockchain technology decentralized is dependent on the peer to peer networks that are also known as crypto circles and their laying out and propagation as the base foundational layer. They are smaller networks popularly also called P2P networks that last forever and are the “censorship-resistant” factor of the blockchain itself.

P2P networks are no new concept with Napster the first popular network with over 80 million global users having to be shut down in 2001 because it allowed illegal music downloads. And from the remnants emerged BitTorrent the file-sharing system that is an active P2P network very popular today.

The Bitcoin network used both the secure transactions feature of the blockchains and the decentralized feature of the peer to peer networks. The network thus provided a zero-fee alternative financial system wherein the digital value was traded in as cryptocurrencies or virtual money. Bitcoin’s infrastructure layer and its subsequent success regenerated the importance of P2P networks as a viable method for the functional and technical protocols. This was quickly lapped up by many Fintech startups and enterprises that emerged using the success of the P2P networks.

Peer-to-peer blockchain networks are akin to social living organisms. They form an important of the infrastructure and consensual technology that they are dependent on. Transacting humans have to reach an agreement and publish the issue across the node-containing network for validation by providing the right solution to the poser. A large number of nodes ensures that the cooperation-based transactions of all participants generate the blockchain training resources that contribute to the evolution of the P2P network and is the key factor for authentication and validation of the transaction and users transacting.

The important benefits of the P2P network are:  

  • The permissionless number of nodes continues to be self-feeding and continuously growing.
  • The nodes are self-rewarding.
  • The self-governing progression promotes survivability and resiliency.
  • A degree of anonymity ensures the origin of work is hard to pinpoint.

The legal implications of the search function:

There will shortly come a time when the data on alternative P2P networks like the traditional searches on Google or Googling will be large enough and revealing or trading in decentralized content will be a fact. Unless Google updates their security, such content will find its way into the hands of crawlers who will make the discovery of decentralized content easy to achieve.

We also need to be aware of the consequences of the ethical, moral, and lawfulness aspects of decentralization of blockchain training in P2P networks. What would happen if the unstoppable P2P networks get used for the wrong and illegal? Has anyone found a viable solution for clearing the stable of offensive and illegal content and punishing the creators or originators of such wrongful use of the P2P networks? At some point in the recent past, this was the issue with the Internet being used for immoral and illegal uses.

Yes, there will always be the few rotten apples who will use any means to achieve their goals be it the internet, blockchains or satellite P2P networks. But let us not forget the example of Napster which was forced to shut down for infringing on the rights of musicians by allowing illegal downloads. Or the Craigslist was forced to take down their Personal section after the US Congress Bill held them responsible for facilitating and promoting the prostitution of other persons and sought to levy 10 years imprisonment, fines, and such enal action if it was not closed out. Someone clearly let Google get away with the exact same behaviour!

The future of the unstoppable and viable P2P networks can’t be compromised as they are the building blocks for the next-gen functional blockchain training capabilities, decentralized protocols, and P2P applications. The time is not far away when multiple P2P networks will use blockchains for validation, decentralized identity-linked networks for security, and another P2P network for storage.

Conclusions:

Important questions persist regarding whether the P2P unstoppable networks will be used as a tool for good reasons and benefits or as a weapon in the hands of the bad for illegal, corrupt promotion of causes. It is hoped that most of the applications will emerge on the just and right side as the new and powerful tools of the future. If you want to learn more about the way P2P networks and blockchains function you could do a blockchain training course at the reputed Imarticus Learning Academy. Why not start now?

What Makes Blockchain The Most Disruptive Career Option?

Posted on by Imarticus Learning

The potential of blockchain technology to transform and disrupt any vertical it is used in has thrown up burgeoning demand for professionally trained personnel to man the growth. The demand has outstripped supply of blockchain-knowledgeable professionals. 

Essentially, this means there are well-paying jobs with ample scope and growth, across verticals that make this an excellent and exciting career choice for young career makers and professionals alike.

Blockchain technology is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively every industry.

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India for professionals with Blockchain Training were above the national average salary by a considerable amount!.

Why blockchain technology?

The increase in demand for professionals to man the jobs generated is tremendous and offer excellent job scope and demand that is expected to last over the next two decades.

Blockchain Training provides the quickest way to land one of the well-paying jobs spawned across many industrial sectors.

Let us explore how some of these benefits them.

The Banking segment—Blockchains offer safe, transparent and instant digital transactions with low fees as against traditional transactional methods. The banking segment has embraced technology and stands poised to reap the many benefits of adopting such technologies. An infrastructure which is blockchain-based enables the cross-border payments at remote locations instantly with immutable consensual digital records of time-stamped secure transactions.

Logistics, marketing, and supply chains—Witching to blockchains makes marketing, logistics, and supply chain segments and verticals almost error-free and require no intermediaries. Thus monitoring instantly and stock-taking is more accurate human-error free and consumes less time resulting in huge savings in terms of personnel required to man operations, costs, effort and time.

Real Estate – This segment depends on records primarily and because blockchain technology is consensual between parties and verified across all nodes on the network a fraudulent or altered property deal is an impossibility. The digitization of land-records and the permanent storage and traceability of transactions makes the adoption to blockchains the next logical step in fast-tracking digitized smart contracts.

Sports, insurance, and healthcare— These sectors will switch to blockchains to provide solutions to reducing confidential record-keeping hassles and using the instantaneous accuracy and immutability of the records of medical histories as a plus point.

Entertainment and media—The adoption of blockchain-tech can resolve issues of privacy, royalty, and rights in these areas making the authentication and reward for creativity process transparent and sans intermediaries.

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

Skills required:

Most Blockchain Trainingapplications today are Python, Golang and JavaScript based. The trending tools, languages and technological suites required for a career in Blockchain today are:

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Top jobs:

Among the career choices available specifically in blockchains are those of the

  • Developer
  • Architects
  • Consultants
  • Blockchain Engineers
  • Certified educators

Blockchain tech is lucrative:

Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation. Blockchain Course is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals.

Key Takeaways:

Blockchain technology is truly the most disruptive career option. Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt any industry it is used in.

High demand for professionals with professional certifications and Blockchain Training makes blockchains an excellent career choice because the industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

Blockchain career aspirants do not need any mandatory qualification like a degree. The beauty of blockchains lies in the fact that at Imarticus Learning you can quickly and easily pick up the practical skills required.

Coupled with assured placements and certification this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus Blockchain Course today! For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

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

Posted on by Imarticus Learning

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

  • Blockchain developer

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

  • Blockchain Project Manager

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

  • Blockchain Quality Engineer

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

  • Blockchain legal consultant and attorney

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

Starting a Blockchain Career Without The Prior Knowledge of Programming!!

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In simple words, blockchain is the system in which the transactions that are made in bitcoin or other cryptocurrencies. These transactions are recorded and are saved across several computers simultaneously making it difficult for the hackers to mess with any of the records as there is no centralized information.
Recently the requirements for blockchain developers and blockchain experts have increased globally. So does blockchain holds an excellent career opportunity for someone who does not have any background in the programming area? Yes, it does. Like one doesn’t need to learn about the entire working of the computer to work on it, the same way one does not need to know the programming of blockchain to work on it. But a basic knowledge on the subject can help one to grow further.
Imarticus Learning is one of the leading institutes in the country that provides the student with an in-depth knowledge of the blockchain technology including its architecture, applications. They also offer the students with the real world projects helping them in having hands-on experience in the technology.
Blockchain relies on the concept that the data and the record of the transaction shall be available across the server without the availability of specific functions that can help make the changes in the record. The record called ‘blocks’ holds the information like the number of transactions, sender and receiver, timestamp etc. Blockchain has been recognized globally as the safest way to transfer money and bitcoin is a widely used application used for the same.
Even if you have no programming background, the training will provide you with everything you will need for the blockchain. With the fintech training and certification, one can increase their career scope and graph in the area of technology that is growing every day and is here to stay for a long time.
The world is moving towards the digital transaction of money, and there is less involvement of actual money for transactions these days. The demand for the safer means for the same is growing by the day. Blockchain provides the means where the data recorded is difficult to alter.
There is a considerable demand for blockchain developer, analyst, consultant, and engineers, broadening the scope for the individuals trained in the blockchain. Reducing human errors when it comes to dealing with finances is the prime concern and blockchain helps one to open various doors.
The e-wallets are the prime example of the blockchain. If you are a programmer, a developer or a businessman who intends to get into the blockchain by starting a company or by being a part of a company that works on the blockchain, the basic knowledge is necessary. The technology uses certain ‘words’ that one working on it must be aware of for the efficient results. Like every other language, the blockchain terminology is the eccentric part of the technology.
The career in blockchain gives one not only the clearer picture of what the technology is but also why it is the need for the digital world. Even though blockchain is a sophisticated technology that makes it difficult for the hackers or intruders to copy the information or even make any changes to it, its continuous need to make it even more impassable is imperative. The banks, who rely a lot on digital transactions, cannot afford to have any information being accessed or made changes to without the permission from the owner.

Entrepreneurial Opportunities for Blockchains Outside Fintech

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Entrepreneurial Opportunities for Blockchains Outside Fintech

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

Business Opportunities

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

Banking Sector

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

Smart Contracts:

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

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

Connected Car

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

Food Safety

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

Healthcare

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

Internet of Things (IoT)

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

Passports and Visas

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

Wills and Marriage Certificates

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

Insurance Sector:

Opportunities will be in

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

Food Safety

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