Blockchain Technology Skills
Do you require blockchain technology skills to function well in your job role? This article provides a guide on how you can develop the skills and include them on your resume.
What are Blockchain Technology Skills?
Blockchain is a distributed database that enables transactions that are transparent, safe, and invulnerable. It functions by doing away with the need for an intermediary by using a peer-to-peer network to approve transactions. This approach makes it easier for companies trying to save expenses and boost productivity. Due to several features, including its practically unhackable foundation and immutable, encrypted data storage, blockchain is among the most relevant and significant technology concepts of 2022. Blockchain was first developed to support Bitcoin alone, but it has subsequently expanded to take into account the quick development in big data consumption and value. The perceived intricacy of blockchain makes it look like a difficult technology to understand. However, you can understand this technology and pursue a fascinating new job if you have the necessary prerequisite skills. A standard college degree in a relevant discipline, an independent learning path, or an intense online fintech boot camp is all viable educational options for acquiring these competencies. From the conception of an application to its deployment, it is crucial to acquire all the necessary Blockchain skills.
Blockchain technology skills include expertise in business-led architecture, smart contracts, data structures, computer programming, cybersecurity, cryptography, and interoperability skills. Since blockchain is a relatively new technology, nobody can claim to be an expert in all areas of blockchain technology. Beginners must concentrate on enterprise elements of Blockchain installation in addition to the technical skills required for blockchain implementation. Understanding the commercial motivations for the adoption of blockchain is crucial. Beginners also need to get a thorough understanding of what companies anticipate from blockchain technology. Your plans may be improved by being aware of the many variables that drive businesses to use blockchain technology. Blockchain technology’s career options will expand as it develops further. Since the blockchain sector is here to stay, there will always be a high demand for those with knowledge of the technology. Therefore, a job in the blockchain is a new and fascinating opportunity that is worth considering whether you are a techie or not.
Importance of Blockchain Technology Skills
With a growing focus on technological transformation, blockchain is one of the most in-demand tech skills in 2022. The recent pandemic crisis forced firms to change their supply chains and standard procedures. Businesses demand solutions that can reach clients where they could be home. In this case, blockchain technology skills serve the following advantages:
Help in the storage of information: With the storage of information across a network of computers as opposed to a single server, blockchain and security go hand in hand. Threats of hacking transaction data are eliminated by decentralized information storage and the absence of a single owner.
Ensure transparency of Blockchain records: The increased demand for blockchain technology skills in 2022 is partly due to the transparency made possible by blockchain technology. Without the consent of other network users, it is very difficult to change any entries in the blockchain. All blockchain records are transparent because even a minor modification in one record could have an immediate impact on the entire chain.
Facilitate Blockchain speed of transactions: The improvement of transaction speed in the blockchain is another significant importance of blockchain technology skills. By eliminating the need for middlemen, blockchain ensures quicker discussions, settlements, and clearings. There are no interruption problems because all records are kept in a single digital ledger.
Help in the reduction of cost of transactions: All network users have authorized access to immutable data on the blockchain because of blockchain technology. As a result, intermediaries are not present, offering solid opportunities to cut transaction costs by almost half.
Help to trace the identity of Blockchain users: Most importantly, the advantages of blockchain for traceability are driving up demand for those with blockchain technology skills. Blockchain technology has an audit trail that reveals an asset’s source and every step it has passed through. Along with the timestamp, the audit trail displays the names of the people that modified an item in the blockchain.
From the ongoing, it is noted that blockchain technology skills can help enterprises eventually achieve cost efficiency and performance enhancement. The benefits of blockchain technology establish the basis for its demand among businesses, which drives a need for blockchain technology skills.
How to Improve your Blockchain Technology Skills
Learn to drive business outcomes: Business-led architecture is crucial since blockchain systems tend to place more of an emphasis on technology than on streamlining business processes. It is essential to understand the company’s results. Additionally, investigate data flows and create direct linkages between suppliers, customers, and other ecosystem participants. The entire company architecture, including the value chain and partner ecosystem, needs to be standardized.
Embrace blockchain expertise as a service: Lead pilots and proofs of concept, work with consortiums, and partner with Blockchain as a Service (BaaS) providers. When forming a consortium, collaboration and negotiation abilities are essential.
Master interoperability: Promote an open-source approach since interconnecting ledgers across various technology platforms can be dangerous for implementation. To decrease latency and promote business outcomes, integration with corporate systems is also essential.
Distribute ledger expertise: Smart contracts are not supported by all blockchain frameworks. Therefore, improve your skills in distributed ledger technologies to hasten the development of smart contracts.
Get knowledgeable about the platforms: Choosing the best blockchain platform is a major difficulty for businesses today because there are so many different frameworks available. You’ll be able to choose the best blockchain platform for your use case and explain how it differs from others if you have a thorough understanding of several blockchain platforms, such as Ethereum, Ripple, R3 Corda, and The Linux Foundation’s Hyperledger Fabric.
Understand blockchain security: Security frameworks are still being developed to meet regulatory, legal, and compliance requirements. To improve your blockchain technology skills, it is important to have an understanding of blockchain security such as elliptic curve digital signatures, cryptographic hashing, Merkle proofs, and public and private key cryptography.
Learn about the blockchain technology standards and ecosystems: It’s essential to understand blockchain technology standards. Participate in ISO/TC 307 projects and Hyperledger working groups to establish language and concepts, personally identifiable information (PII), security concerns, and vulnerability standards. Make sure you collaborate with academic institutions and blockchain consortiums to promote blockchain concepts for a progressive ecosystem. Blockchain is not a database technology, hence any successful blockchain practitioner should develop a wide range of skills. You need to learn about blockchain practices and principles and how to apply them in your particular business setting if you want to be successful.
Learn to simplify: Blockchain is not a substitute for enterprise resource planning (ERP). Instead, use it to streamline your business procedures to achieve your goals. Spend money on design thinking techniques to promote innovation. To assure success at all stages of a new blockchain project, partnering with blockchain service providers like IBM can deliver the whole spectrum of capabilities, including IBM Cloud Garage.
Drive blockchain architecture patterns: Learn to articulate why a blockchain-based solution is more effective, safe, and affordable than any other options. Review your blockchain partners’ technical designs using your knowledge of alternative architecture, and help with the planning and selection procedures.
Jobs that Require Blockchain Technology Skills
Blockchain Developer: There is a growing demand for blockchain developers who can assist businesses in investigating blockchain systems. Today, given how eager people are to take advantage of all that blockchain technology has to offer, blockchain development may be the most marketable job option. Blockchain developers pay close attention to every detail because they hold high-ranking jobs. Programmers who design blockchain applications are known as blockchain developers. Before becoming Blockchain developers, they often have extensive expertise working with C++, Python, and Javascript.
Blockchain Solution Architect: With the help of team expertise including developers, network administrators, UX designers, and IT Operations, the Blockchain Solution Architect is responsible for planning, allocating, and connecting the various parts of the Blockchain solution.
Blockchain Project Manager: An individual is tasked with this job option’s responsibility of connecting Blockchain initiatives to professionals whose job it is to create Blockchain solutions. Blockchain project managers must possess the same skills as conventional (cloud) project managers. To fully comprehend the technology, they also need to be technical experts. Excellent communication skills are another crucial trait; they are crucial when dealing with non-technical staff, while giving helpful updates, or when attempting to obtain resources from higher authorities.
Blockchain UX Designer: The design and user interface of Blockchain are crucial now that it has been adopted by so many businesses. A Blockchain designer’s job is to create a user interface that inspires confidence and appeals to average users. Since their line of work needs them to spend many hours in front of computers, these people must be able to focus on details, have a creative flair, and most importantly, be tenacious.
Blockchain Quality Engineer: A quality assurance engineer is present in every development environment to conduct tests and guarantee that all project components meet the necessary standards of quality. A Blockchain engineer does a similar function in the blockchain industry by ensuring that all processes take place in a world-class manner. Or to put it another way, they test and automate Blockchain frameworks. When it comes to attention to detail, the professionals in this job need to be careful because even the smallest error they make impacts everyone who uses their technology. Maintaining positive working relationships would benefit greatly from having excellent communication skills.
Blockchain Legal Consultant: Legal complications inevitably come up as firms attempt to understand how to integrate Blockchain technology into their operations. Companies searching for legal advice on what factors to take into account when investing as they introduce this new technology. They are interested in how their activities will be perceived, how to manage their wealth, and lastly, how to manage their identities. Blockchain legal consultants need to have effective communication skills. Blockchain is a technology without borders, so you also need to be well-versed in international law. It’s also recommended for these individuals be fluent in as many universal languages as they can.
How to Include Blockchain Technology Skills on Your Resume
Demonstrate you have a sound knowledge of blockchain technology: It is required that blockchain developers have a thorough understanding of this technology. You must be familiar with ledgers, cryptocurrencies, and hash architecture. This requires that you ought to highlight these skills in your resume appropriately.
Tailor your resume to the blockchain industry: Only include keywords that are relevant to the blockchain industry to enable your resume to satisfy ATS filters. Unoptimized resumes will be disregarded since these computers recognize specific words associated with the job posting. Additionally, it’s crucial to customize your resume for that sector because your possible employer is specifically looking for blockchain developers, which will make you appear more specialized.
Keep your skill section organized: Your blockchain resume’s skills section is essential because this is where you’ll show off your skills. If you are a developer for Ethereum, for instance, this is a good spot to mention your area of expertise. Since this is a very technical profession, it’s crucial to list all of your hard skills.
Use bullet points to streamline your resume: Making your resume even more complicated is the last thing you want to do since blockchain development is a somewhat sophisticated profession. Therefore, use straightforward techniques to streamline your resume, including using bullet points to list your responsibilities in your work experience.
Indicate your familiarity with a Solidity programming language: Developers can create completely independent decentralized applications on the Ethereum blockchain technology. Solidity is a programming language used by Ethereum developers to build smart contracts and teams. Therefore, leaving out this talent will impair your performance. Other programming languages like C, C++, or Java are all acceptable examples. Knowing these coding languages can help you have a greater understanding of how Ethereum functions because they were used to create it.
Examples of How to Include Blockchain Technology Skills on Your Resume
- Designed a blockchain investment scheme including the establishment of numerous modules, including financial modeling and risk evaluation.
- Developed a multithreaded C++ application to extract data from blockchains and analyze it for statistical and financial research.
- Created an auto-scaling, auditable, and well-monitored AWS cluster-based back-end blockchain trading platform.
- Executed IBFT consensus techniques for the ACME Blockchain.
- Modified the basic blockchain which supported more transactions per second.
How to Demonstrate Blockchain Technology Skills in an Interview
Be clear and concise: Clearly, describe concisely the possible applications for blockchain technology as well as the potential dangers. Consider where different implementation timelines might apply and where a different strategy might be more appropriate. Your technical skills might win you an interview, but your business acumen will get you the job.
Be specific: Make your pitch unique to the company, its clients, and its users. Make sure to emphasize the interactions between the internal and external parties and zero in on what blockchain technologies can achieve for the important parties in the business. Express your business savvy and commercial understanding by describing how your skill set can propel a business.
Tell how your previous experience applies to the role you are interviewing for: It is important to understand exactly what a company is recruiting for, why they have chosen to launch a new position, and how that relates to your own experience and expertise in blockchain technology before going into any interview.
Examples of Interview Questions to Test Blockchain Technology Skills
- What does the term “block” as used in blockchain technology mean?
- What are the different types of Ethereum blockchain networks?
- How would you train sales staff on the features of blockchain applications?
- Describe your most complex blockchain development project.
- What would you do if you discovered a security flaw in your blockchain code?
- Tell us what you think is the future of blockchain technology.