What is the scope of Blockchain technology in India as a Blockchain developer or Blockchain manager?May 6, 2019
In India, the demand for blockchain technology is comparatively more in the Southern States than the Northern States. According to data available from the leading global job site Indeed, jobs in the blockchain sector are in high demand and the city of Bengaluru leads in this sector with over 36 percent of all the job postings based in the city, followed by Mumbai, Pune, Hyderabad, and Chennai. These cities cumulatively make up the top destinations for blockchain career opportunities in India. Northern cities like New Delhi and its surrounding places like Gurugram, Noida, and Mohali is also experiencing an increasing rise of blockchain sector jobs. However, the rise is not as fast as its Southern counterparts.
According to the report, even though technology hubs like Hyderabad and Bengaluru continue to lead in the blockchain job sector, the National Capital Region has also seen a fair share of increase of interest in the sector and will soon catch up with the leading cities. There is plenty scope for more jobs to be created in this sector in the future, as the global market for blockchain related services and products are expected to reach $7.7 billion by the year 2022, stated Sashi Kumar, Managing Director, Indeed India.
The Indian government’s approach towards exploring and understanding the possible outcomes of blockchain technology in the country is paving a new path for positive growth and development in this sector. IndiaChain, which is NITI Aayog’s pilot project in blockchain, will assist immensely in generating blockchain job opportunities and services. While India is still a new player in this regard, given the ginormous scope of its application, it can be safely said that blockchain in India is here to stay.
According to job site data reports, the number of block chains and cryptocurrency related jobs have been on the rise and since the latter half of 2017 has seen a significant jump. These sites witnessed a massive increase for job opening for the roles of blockchain developer, blockchain manager, blockchain software engineer, blockchain system architect amongst others. Indian companies are also opening up the scope of blockchain training with fintech course alongside work so that the employees are kept up to date on this relatively new technology and can apply all the new technologies as they learn on the job.
The Government of India is also opting for the use of blockchain in sectors impacting the digital economy. With a population of 1.3 billion people, blockchain has a massive potential to reach out to each and every citizen a the lowest cost. Different blockchain companies, like Blockchain App Factory, are already working with clients in India on blockchain technologies where they see potential growth and advancement in sectors like Fishery Industries, Waste Management and others where traditional methods have failed to add much value to the Industry.
According to the Finance Minister, Arun Jaitley, the Government will take necessary measures to eliminate the use of crypto assets in financing illegal activities and will explore the use of blockchain technology for advancing India’s digital economy. This was stated by him while delivering his annual Budget speech in February 2018.