Blockchain technology is taking the industry by storm. According to MarketsandMarkets, worldwide, the spending on blockchain technology is expected to increase to $39.7 billion by 2025 at a cumulative growth rate of 67.3%. This is an opportunity for all technology professionals to demonstrate their interest and capitalize on the burgeoning need for blockchain professionals.
The growth of the blockchain industry
Blockchain technology has emerged as the phenomenal technology that revolutionizes industries and set innovation in motion. Starting with fintech (finance –technology), blockchain technology is revolutionizing one industry at a time. According to a Gartner report, 77% of banks will implement blockchain technology by 2025.
Consequently, the demand for blockchain professionals is increasing too. Blockchain developers, architects, and engineers armed with the knowledge of blockchain technology are now enjoying the salary and prestige that software engineers enjoyed at the dawn of the internet in the 2000s.
To set yourself apart from other blockchain professionals, taking a blockchain certification is a good option. Here are five other reasons for taking blockchain certifications.
High demand for blockchain professionals
Blockchain professionals are in demand across all industries. According to a LinkedIn report, blockchain technology is one of the most in-demand skills among employers in 2020. Naturally, competition is becoming equally stronger.
Unlike mature technologies like Java, blockchain is a new technology, and it is challenging for employers to assess talent. Globally –recognized blockchain certification demonstrates the holder’s expertise and proficiency in blockchain skills.
Taking a certification will make you stand out to employers.
Expertise in DLT (Distributed Ledger Technology)
DLT or Distributed Ledger Technology is a futuristic technology. Coupled with the blockchain, the combo opens a new market. This market will grow and flourish as blockchain technology becomes more mainstream and businesses start building more and more Dapps (decentralized applications).
Global blockchain certifications like Certified Blockchain Engineer (CBE) from Central Blockchain Council of America (CBCA), Certified Blockchain Expert (CBE) from Blockchain Council are a few certifications that equip you with the knowledge of DLT. If you want to learn DLT in deep, going for a blockchain certification is a good idea.
Blockchain is inducing an inflection point
Smart contracts are a part of blockchain technology. Integrating smart contracts in existing business processes adds more transparency to the business processes. Adoption of smart contracts and similar technologies will pick up traction and eventually become a common thing in the industry. Hyperledger, Corda, Ethereum among others are a few popular smart contract development platforms.
Leading blockchain certifications like Certified Blockchain Engineer in Hyperledger (CBEH), Certified Blockchain Engineer in Ethereum (CBEE), both from Blockchain Training Alliance, and Certified Blockchain Engineer from Central Blockchain Council of America, equip you with in-depth knowledge of smart contract development.
Integration of blockchain with modern technologies
Artificial intelligence, IoT, and other emerging technologies have become highly influential today. The addition of blockchain to these technologies paves the way for building more efficient business processes. Voting (political elections), digital identity and rights maintenance, and commodities trading are a few use –cases where blockchain technology has found great significance.
The cross-application of blockchain technology is paving the way for novel career paths in the industry.
Companies are looking for blockchain professionals who understand the blockchain technology inside out and can lead them into the future efficiently.
Blockchain technology is paving the way for innovation across all industries. Thus, the demand for blockchain professionals is high. Getting a blockchain certification will reinforce your image as a specialist in blockchain skills and demonstrate expertise in blockchain technology, putting you above and apart from others.
In a nutshell, if you are a blockchain engineer or planning to break into a blockchain development career, taking a certification will go a long way.