DeCaf BLOCKCHAIN MOVES BEYOND THE ROADBLOCKS
most of whom work for financial gains. DECCAN CHRONICLE repository for enterprises built on Blockchain, and Psi Phi Global, a company dedicated to offering “crypto lockers” to store and share documents using Blockchain. These companies are emerging as large recruiters for Blockchain.
Says Lovleen Bhatia, CEO and cofounder of India-based edu-tech player Edureka: “From a career standpoint, financial services companies and Fintech startups have started recruiting Blockchain specialists in hordes. Take a casual look at your LinkedIn feed and you will notice that the number of openings for Blockchain-related jobs have tripled in the last year or so. Blockchain has the potential to help financial institutions slash costs by around $20 billion by 2022. This obviously unlocks career opportunities.”
The market for Blockchain-related products and services is expected to reach $7.7 billion in 2022, a sharp increase from $242 million last year, according to the researcher Markets & Markets. It is creating new opportunities for some of the larger, older, companies like IBM and Microsoft, writes Fortune magazine.
The attraction of Blockchain goes beyond companies, to countries: Dubai has announced recently that it will aim to be world’s first Blockchain-powered government. It has created an “ArabianChain”, shifting government paperwork to this Blockchain and hopes to complete the transition by 2020. UK, Canada and the larger countries within the European Union are not far behind. NITI Aayog has announced that it is working to set up IndiaChain, India’s own Blockchain network. It will be linked to IndiaStack — the developers’ code for the Aadhaar project — and in the long term will help reduce fraud, increase transparency of business transactions and tighten enforcement of contracts. IndiaChain could well end up as the largest Blockchain network in the world.
For nations of all sizes, for big enterprises and small start-ups, seasoned professionals and career seekers alike, Blockchain seems set for interesting days ahead. (IndiaTechOnline) TUESDAY | 2 JANUARY 2018 | HYDERABAD