What is Blockchain Technology?
In the data-driven world of business, where new technologies emerge every other day, blockchain technology has generated quite a buzz. It is a shared, immutable ledger for recording transactions and managing assets. A blockchain stores data in a highly secure and decentralized electronic format. Due to this, blockchain technology forms the core of cryptocurrencies, such as Bitcoin.
The USP of blockchain is that, given its storage system and structure, it eliminates the need for a third party to establish trust. The data's fidelity and storage are guaranteed, and all data entered into the system is irreversible. In addition, tracking and trading assets on blockchain networks is cost-efficient and goes a long way in reducing risks and the human labor involved.
Why is Blockchain Technology Important?
If received quickly and precisely, data is beneficial for businesses across industries. This is what blockchain technology facilitates, with accuracy, security, and cost-efficiency being its greatest offerings. Blockchains are ably-suited to deliver information as the networks are efficient, traceable, and transparent. Furthermore, all permitted network members have access to the information or ledger. This offers a shared and unified truth about the data, a singular point of view that builds confidence and fosters mutual trust and understanding.
Some of the benefits of blockchain technology are as follows:
- It enables accuracy by eliminating human intervention in verification. In this way, it also cuts costs.
- The decentralization of data improves security and makes it challenging to disrupt.
- Blockchain is an effective banking alternative and offers a way of securing personal information.
Can I learn about blockchain technology online?
With the exponential growth of blockchain technology, more and more organizations recognize its significance in boosting fiscal gains, operational efficiency, and business strategy. Today, businesses across industries prefer hiring professionals with a penchant for the same. This has, in turn, spurred job-seekers to upskill, which has led several resources to emerge. Among these, online blockchain technology courses have garnered immense popularity as they are affordable, engaging, and offered by some of the most distinguished institutions in the world. Most of these courses also offer certification. In addition, they are a helpful way of mastering the fundamentals of blockchain technology, enhancing your skills, and advancing to the more complex aspects of the subject.
What kind of career can I pursue with a background in blockchain technology?
Proficiency in blockchain technology is one of the most marketable skills to possess in 2023. According to a report by Indeed, the number of blockchain-related jobs increased by 118% between September 2020 and July 2021. Needless to say, the job outlook for the field is promising.
Related Content: How to Become a Blockchain Developer
Some of the most lucrative job roles to pursue are:
- Blockchain developer
- Blockchain quality engineer
- Blockchain solution architect
- Project manager
- Blockchain UX designer
- Blockchain legal consultant
Many also opt for careers as crypto brokers, crypto journalists, analysts, accountants, and marketers.
Why take an online course at Emeritus?
Each Emeritus online course is designed keeping key learning outcomes in mind by a team of experts. We use the backward design methodology to develop instruction for learners of all ages. This enables us to craft unique, interactive, learning experiences that include a combination of assessments, hands-on activities, skill application, and more.
Emeritus also collaborates with the best universities and faculty around the world to curate the course curriculum that can effectively tackle present challenges in the industry, while preparing you for the trends and risks in the future. Our courses consist of assignments, exams, capstone projects, networking opportunities, a fine balance of practical and theoretical concepts, and the opportunity to learn from top minds in the industry. This adds to the holistic experience we try to provide for each learner.
We are also focused on providing courses that are standardized in quality. This is done by adhering to standards set by a global organization called Quality Matters which is focused on providing quality standards for online and innovative digital teaching and learning environments. The rigorous criteria ensure all our learners invest in quality education that is easily accessible and affordable.