Does Blockchain Represent The Future?

Almost a decade ago, Bitcoin was considered a technological fad in the world of finance. In the present time, every Bitcoin has a value of around $20,000, and many of the early investors are reaping its benefits. The hype around Bitcoin brought the world’s attention to blockchain, the technology behind cryptocurrency. 

According to the CIO Agenda Survey of 2019, almost 60% of CIOs anticipated adoption of blockchain technology to a certain extent in the upcoming three years. Furthermore, blockchain expertise has also shown a formidable rise in demand by a margin of around 2000% in a period of three years from 2017 to 2020. 

As a result, the future of blockchain seems bright, especially for individuals looking to build a career in it. The continuously emerging promises with new blockchain use cases call for a reflection on blockchain prospects to identify proper reasons for choosing a career in blockchain.

What Does the Future Hold for Blockchain?

The best way to identify prospects with blockchain technology is to refer to blockchain future predictions. According to Techjury, the global expenditure on blockchain solutions will most likely reach around $11.7 billion by 2022. Interestingly, the worldwide blockchain technology market could most probably accumulate around $20 billion by the year 2024. 

Estimates suggest almost 47.14 million registered blockchain wallets in the initial quarter of the year 2020. The potential of blockchain for the future also points out its applications in different sectors. Blockchain shows favorable promises for reducing the infrastructure costs of banks by almost 30%. 

Furthermore, financial organizations could accumulate annual savings of almost $12 billion by leveraging blockchain. The use of blockchain in the healthcare industry also presents noticeable highlights for the prospects of blockchain. Estimates suggest that global expenses on the integration of blockchain in healthcare would reach almost $5.61 billion by 2025.

Furthermore, almost 55% of healthcare applications would have chosen blockchain to facilitate commercial deployment by the year 2025. Looking at these numbers, one can estimate the promises that accompany future trends with blockchain technology. 

Why Should You Choose a Career in Blockchain?

The prolific trends associated with the future of blockchain continue to drive the emergence of demand for blockchain experts. The diverse benefits of blockchain technology also continued to foster the interest of companies and startups in it. So, is the demand for blockchain technology the only reason to consider pursuing a blockchain career? 

The growth in the mass adoption of cryptocurrencies also points out possibilities for recognizing blockchain expertise in the future. As a result, jumping on the blockchain bandwagon right now can give the first-mover advantage for your career. Furthermore, blockchain expertise is also suitable for improving the appeal of your professional portfolio. 

Like any other skill in the technology industry improves your employability, blockchain specialization can provide a better salary. According to Glassdoor estimates, the average annual salary for entry-level blockchain jobs is almost $32,000 more than the average salary in US. Also, LinkedIn placed blockchain developer job role among the top emerging career options in 2018. 

The recent estimates by Hired also imply that blockchain developers can earn salary packages of almost $175,000. You can also consider the different companies hiring blockchain professionals as one of the reasons to focus on blockchain careers. Notable enterprises such as IBM and ConsenSys present a strong proposition for developing a career in blockchain. 

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What is the Need to Get Certified?

The favorable reasons to pursue a career in blockchain establish the feasibility of long-term, lucrative career opportunities. However, any beginner would wonder about the possible ways to develop a blockchain career. What should be your first step towards a career in blockchain? The straightforward answer to this question refers to blockchain certifications. Blockchain certifications by renowned platforms such as 101 Blockchains can provide direction to your career in blockchain. 

With the role-specific blockchain certifications, such as Certified Enterprise Blockchain Professional and Certified Blockchain Security Expert certifications, candidates can easily find their desired career path. Subsequently, blockchain certifications also provide a clear-cut indication of your blockchain specialization to employers. As a result, they can anticipate the business value you can contribute to their enterprise with your blockchain skills. 

Conclusion

In the end, it is inevitable to conclude that blockchain is indeed the future of technology. Blockchain provides security for information transfer and transactions and brings transparency and personalization into the equation. The blockchain future predictions can fuel interest in pursuing careers in blockchain technology. The most important highlight in the future trends predicted for blockchain is blockchain adoption across different sectors. 

Therefore, you should start training in different blockchain concepts and specializations by leveraging dedicated blockchain education platforms such as 101Blockchains. With the desired skills for futuristic technology, you can achieve better salary packages and promising levels of job security. So, start learning more about blockchain right now!