Five high-paying jobs in blockchain technology
ONEs network promises more transparency and security and the Government of India, in the budget 2022-23, creates the much-needed clarity for cryptocurrency investors, blockchain technology is becoming more important to us. According to the latest skills index, blockchain is the fastest growing talent and is one of the most sought after jobs in the US market
It is not surprising that blockchain technology – better known as distributed ledger technology – also appears to be the most important skill set in the IT industry’s job scenario in India. It is quite clear that, together with the increased use of Machine Learning and IoT, blockchain technology will shape most of the technological development in the coming days.
Far beyond the originally planned cryptocurrency area, blockchain has come a long way in emerging as a comprehensive, innovative backbone technology to add value to businesses across sectors – whether it be banking, architecture or government jobs.
Increasing demand for blockchain professionals
Countries such as the United States, China, Singapore, Switzerland, Canada, Brazil, Chile and the United Arab Emirates have already made great strides in the blockchain area. India’s plans to develop a national blockchain framework to prepare for a centralized ecosystem to cover as many as 44 sectors, including e-governance, will bring the nation on par with these countries.
According to a Gartner report, by 2030, blockchain can be used as a basic technology for 30% of the global customer base. By 2025, blockchain can add a business value that will grow to over $ 176 billion, which will increase further to $ 3.1 trillion by 2030. It simply shows the development potential. It is undoubtedly one of the most sought after skills in modern times due to many reasons. It has been responsible for stimulating countless new job roles that have led to opportunities for a career in blockchain.
How does blockchain technology work?
Simply put, you can imagine that blockchain is a Google spreadsheet shared by a large number of systems worldwide. This spreadsheet is connected to the Internet, and each time a transaction takes place, this detail is recorded in this spreadsheet. Anyone with a computer or mobile device can access this spreadsheet by connecting over the Internet. However, a person who has access to the spreadsheet can view and add transactions to this spreadsheet, but cannot edit information already present there.
High-paid jobs in blockchain technology
Risk analyst
Risk analysts usually work in the financial domain or with public companies. They are concerned with achieving compliance with local and public laws. In addition to risk assessment, they help with programming, product improvement, information analysis and project documentation.
Qualification required
Excel knowledge, business acumen and long research experience. The demand for risk analysts makes it one of the highest paid jobs in India.
Technical architect
These people have a rare combination of advanced technical skills as well as incredible leadership qualities. They are considered unicorns in the technical labor market. A technical architect is also known as an IT system architect. They are system logistics specialists who create, maintain and implement IT systems for a growing business or an IT company.
The role of a technical architect usually involves:
- Design the structure for technology systems
- Manage application implementation
- Coordination with the software development team to ensure that the system works smoothly
Qualification required
Software engineering degree and an MBA or PGDM
Analyst Relations Manager
This is one of the most important roles in any organization. Their goal is to increase awareness and knowledge sharing between a company and a vital audience. They help to establish a company’s brand image and increase awareness of its innovations in the market.
Qualification required
- Business communication or marketing background
- Degree in Marketing or Technology
- At least 3-5 years of experience with a technology supplier
- Management experience (with an agency)
- Practical AR experience
Crypto Community Manager
These professionals play an important role in marketing and customer interactions. They work as network administrators who track and present engagement statistics across all channels, including the web and social media. Such tasks require a deep understanding of basic projects, especially when dealing with customer issues.
Qualification required
For this role, the educational requirements are usually not rigid. Today, many startup companies are hiring freshmen who can learn about the essentials of blockchain and grow with the organization. If you are looking for practical exposure, small organizations can provide a suitable environment to build your capabilities.
Legal adviser
A legal consultant for blockchain focuses on forming legal partnerships and advises the company on structuring cryptocurrency offerings. A legal consultant is a person who advises clients who distribute blockchain-based solutions, create or use digital currencies, and integrate digital ledger-based technologies based on applicable blockchain laws and regulations in their respective countries.
Qualification required
- A legal consultant for blockchain should have a certified degree in law from a recognized institute.
- Should have extensive knowledge of tokens and trading so that customers’ token operations are supported by legal documents.
- Should know how to prepare commercial agreements and prospectuses in accordance with the laws of the country.
- Candidates should know how to use blockchain to utilize the technology safely without legal implications.
- Must have detailed knowledge of smart contracts.
There are various professional trainings and courses available in the market to develop the right competence in technology. It is advisable to take the training and go prepared to excel in the domain everyone strives to make their career in Blockchain.
The article is written by Peeush Bajpai, CEO, Spring People
