How Forex companies use the cloud, blockchain and IoT

Blockchain technology is the changing face of trading. It can speed up the transaction process and will also help reduce the trading cost. Currently, the market uses third-party websites for smooth trading which is a time-consuming process.

Blockchain can eliminate this middleman and connect the participants directly to each other. Since the actual functioning and the settlement are done using this technology, the overall efficacy is improved helping in better liquidity of the market. 

A Cloud DevOps engineer can easily handle the necessary operations and bring transparency for the financial institutions or private parties. The smart use of the Cloud combined with blockchain and the data from IoT devices helps the Forex companies save every second of the trading that is valuable for them to make or break a deal.  

What are its benefits?

The Forex companies use this smart combination of technologies to have cost-effective trading processes, especially for the malleable foreign exchange. The backbone created by the blockchain creates an impenetrable ledger and encrypted orders which are later available for accountancy and compliance. 

Even though the transactions will be available on a public network, it will be difficult to manipulate it, maintaining its authenticity and preventing any kind of fraud. 

The challenges ahead

As beneficial as the cloud, blockchain, and IoT is for financial trading, there are certain challenges that one cannot ignore. 

One of the challenges that the traders would have to face is the sheer volume of transactions in a short period. A larger volume could feed the volatility of the foreign exchange which would trigger a sizable loss as well. This is one reason why investors are concerned about the widespread use of blockchain technology in the market. 

Another challenge would be the transparency of the trading and transactions while it is advantageous for the independent traders, the majority of financial institutions find it a disadvantage. Certain investors handling the high-level market are concerned that their competitors will be able to leverage their data and would replicate the same strategies for their gain. 

Courses that can prepare you

Despite the various challenges involved, more and more financial institutions are willing to switch their trading through Cloud Computing and blockchain technology. So the requirement for qualified professionals is on the rise. Someone having DevOps Training in blockchain techniques will have a clear edge over those who have completed a regular Software engineer course.  

The SCBI or the Certification in Software Engineering for Cloud, Blockchain & IoT is a 9-month course offered by the IIT Guwahati. Completion of this course can make you an expert in either Blockchain technology or IoT with the help of a project at the end of the course. A project certificate will also be issued upon completion. 

This course gives equal emphasis to Cloud computing, IoT, and Blockchain technology. The career options available at the end of the course include IoT Engineer, Blockchain Developer, Lead Software Engineer, Cloud Engineer, etc. 

Conclusion

However challenging the use of blockchain is for any financial institution, they cannot ignore its benefits in the form of security, accessibility, and efficiency. It suggests that this technology is here to stay for the long term. So having knowledgeable and skilled professionals will be an asset. 

Those who opt for courses such as SCBI would be smarter to prepare themselves for the job market having the necessary skill sets to their credit. The courses such as these are short-term and are worth every penny spent on them. 

Here’s why blockchain-based computing could be the future

Blockchain is disrupting how businesses are conducting. Several applications of Blockchain Technology are coming into the picture. The Internet of Things space is evolving exponentially, and that has made blockchain emerge victoriously. The Internet can become a scary place, shouting for more robust protection. With blockchain, the security of the users will become primary.

If you take up a Blockchain certification course, you will understand the subject’s intricacies and how blockchain creates a secure and safe environment for all users.

Benefits of Blockchain technology 

Blockchain technology comes with several benefits. Some of the benefits are listed below:

 

  • Trust: 

 

Where trust is either non-existent or unproven, blockchain generates trust amongst multiple entities. As a result, these businesses are engaging in transactions or data sharing that they might not have done otherwise or that would have required the use of an intermediary. One of the most frequently mentioned advantages of blockchain is enabling trust.

 

  • Decentralization:

 

Blockchain allows data to be shared among organizations in an ecosystem where no single entity is in charge. A good example is supply chain management: Multiple organizations — from suppliers and transportation companies to producers, distributors, and retailers — want or require information from others in the chain, but no one takes charge to make it happen. The decentralized nature of blockchain overcomes this problem.

 

  • Security and Privacy:

 

Another significant benefit of Blockchain technology systems is their security. The increased security provided by blockchain is due to the way the technology works: With end-to-end encryption, blockchain generates an unalterable record of transactions that prevents fraud and unlawful conduct. Furthermore, blockchain data is kept across a network of computers, making it nearly impossible to attack.

 

  • Cost Reduction:

 

The nature of blockchain can also help businesses save money. It improves transaction processing efficiency. It also simplifies reporting and auditing operations by reducing manual duties such as data aggregation and amendment. Financial institutions save money when they use blockchain, according to experts, since blockchain’s capacity to speed clearing and settlement translates directly into process cost savings.

 

  • Visibility and Traceability:

 

Experts say blockchain can assist track the origins of several commodities, including pharmaceuticals, to ensure their genuine rather than counterfeit, and organic products to ensure they’re truly organic.

Applications of Blockchain Technology

There are several applications of Blockchain technology. You will get an in-depth insight into the applications once you take a Blockchain certification course. The course will help you in understanding the nuances of the subject. Some applications of Blockchain Technology are listed below:

  • By adding the extra layer of security, you may create a safe data transfer network. The goal is to ensure that hackers pass through an additional security mechanism to access network data.
  • It keeps track of the changes made to the IoT data by authorized users in a ledger. The blockchain will maintain track of the changes made by the parties involved in the IoT networks.
  • The blockchain technology ledger helps in keeping track of every single modification made to the data to ensure that the source of any data leak is quickly detected.
  • Several costs, such as different security methods and redundant hardware systems, are reduced by blockchain technology.

Conclusion

Blockchain technology is transforming how computers and the Internet of Things work. Several companies adopt different forms of this technology to bring about a structural change in the operations and transform how companies function. Imarticus believes that a course on Blockchain technology will prepare the professionals for the ever-evolving world. Enroll today for the course and make the best out of the learning material and the expert faculty to take you through the topic.

What Are the Roles of a Cloud DevOps Engineer and How To Become One?

The fields of software engineering and IT are expanding. DevOps engineering merges the development of software applications with various IT operations.

This has increased job opportunities in the industry. Various companies require the services of a Cloud DevOps engineer. Therefore, students with a bachelor’s degree in engineering can seek such specialization through an SCBI course.

What roles does a cloud DevOps engineer have?

A professional cloud DevOps engineer has many roles and responsibilities in the software engineering industry. The code changes constantly in DevOps, therefore an engineer needs to be involved in constant development and automation.

The primary role of a DevOps engineer is to find the right combination of code for the integration of the various elements in SQL data. DevOps engineers also work with IoT cloud and the development of IoT applications to update software and firmware. Apart from this, a DevOps engineer fulfills the following roles.

  • DevOps engineers deal with the entire IT infrastructure and create combinations of code that are suitable for the needs of a business. DevOps engineers are tasked with monitoring the performance of specific codes in a multi-tenant setup.
  • DevOps engineers also work in teams. Teams have to handle coding and scripting, and the challenges that arise from it. These teams develop software kits and libraries to optimize and automate various processes.
  • A team of DevOps engineers collaborates and works with other professionals to deliver tools that suit the needs of a business and OS. They are also involved in process re-engineering.

DevOps engineers are constantly designing and testing new applications. Usually, tools like Jenkins and Maven Git are used. The engineering teams work in close collaboration with the operations and development teams. This helps businesses create suitable services that improve customer experience.

These roles are ideal for DevOps engineers because they have the necessary skills. A DevOps engineer will be trained in the following aspects.

  • Scripting languages including Shell, Python, Ruby, and Pearl.
  • Operating and working with Linux environment.
  • Use of management tools like SaltStack, Ansible, and Puppet for configuration purposes.
  • Regulation of software development processes with the operations and integrations teams.
  • Handling of SaaS projects by using CI/CD processes and tools like Jenkins and Maven Git.
  • Utilization of Docker, Kubernetes, and other such tools for dealing with VM’s Containers

How to become a cloud DevOps engineer?

For those aspiring to become a Cloud DevOps engineer, a Certification in Software Engineering for Cloud, Blockchain and IoT from Imarticus Learning is the best choice. The certification is provided by the E&ICT Academy and IIT Guwahati.

software engineering courses in indiaThe curriculum of the course has been created in collaboration with industry experts.  Students will be able to participate in live sessions and interact with professionals and academicians.

Imarticus Learning’s course on software engineering provides specializations in IoT cloud and blockchain. Students are asked to complete 15 assignments. Instructors guide them through 6 industry projects that deal with real challenges.

software engineering courses in IndiaThe course is for 9 months and it prepares students to implement DevOps applications in diverse fields. The assignments and projects help students develop relevant skills for the software engineering industry. Working with industry professionals in interactive sessions will also allow students to have better exposure and hands-on experience.

The curriculum of this certification course in software engineering for Cloud, blockchain, and IoT has been designed according to NEP 2020. Due to this design, Imarticus Learning allows students to transfer their credits after a year. This makes the learning process much more flexible.

software engineering courses in IndiaTo become a successful professional cloud DevOps engineer, students need to gain industry experience.

Imarticus Learning provides live training and even includes a campus immersion program of 3 days. Students develop necessary soft skills and get placed with reputable companies.