Blockchain's Impact Beyond the Market

When you hear the word ‘blockchain,’ there’s a good chance that your mind flits to cryptocurrency and the volatile speculative market that has been making headlines in recent years. But if you work in the tech industry or tech-adjacent sector, you are likely aware of how blockchain has gradually become an important part of technology that touches every aspect of life and business.

Written by Scott Craig|Posted on July 21, 2022

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Blockchain 101

A blockchain is a decentralized database that stores a ledger of transactions among a distributed nodes network. This makes it very secure and enables users to exchange information on a peer-to-peer basis without the need for middlemen. Even in the case of one or more nodes becoming unavailable, the distributed network guarantees the system to continue working and remain available. All activity on a blockchain is decentralized, permanent, and irreversible.

Blockchain in Business

Blockchain is being adopted across a wide range of industries. In healthcare, it is used to secure sensitive patient health data and manage supply chains of drugs and equipment. The finance world is also adopting the best aspects of cryptocurrency, speeding up transaction times, increasing security, reducing fees and cross-border friction, and allowing more transparency between parties.

Demand for Tech Talent

As mainstream adoption of blockchain technology continues, more employers are seeking talented employees with the knowledge to create and work within the blockchain ecosystem. In particular, software developers with Java and Python knowledge, AI experts, and data scientists. Workers such as analysts, marketers, and business reps who understand smart contracts and decentralized systems are also sought-after. Dedicated agencies with ready-made teams of experts in the blockchain space can be useful for any business looking to expand its talent pool for this purpose.

Scott Craig

Scott Craig

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Kirkland, WA, USA

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