The Blockchain technology has re-emerged after some turbulent years in which it lost the confidence of users and also of the main financial institutions. In recent years, however, that confidence has reappeared, giving rise to a significant interest of major international banks in the technological basis of cryptocurrencies.
A direct consequence of this fact is the number of job offers requiring Blockchain specialists. According to Linkedin data, in the last year this type of vacancies have tripled. But, is itWhat is the Blockchain and how it can help us in real life??
What is the Blockchain?
Blockchain is a technology that allows for secure financial transactions without the need for intermediaries in the process. In other words, the role that banks currently play in the global economic system would be relegated to the background. This technology consists of three key aspects:
- The execution of transactions
- The recording of transactions carried out in the virtual currency chosen by both parties.
- Verification and securization of the transaction in an accurate manner
For this reason, some of the world's leading financial institutions are interested in this technology and are looking for specialized profiles that can meet their demand.
According to the latest data collected, the salary for this type of professional profile is up to 223,000 euros per annum. Blockchain, along with cloud and AI, are the IT sectors with the greatest future and growth outlook for the next 10 years.
Bitcoin, the tipping point for disruption in the financial industry
The most used and famous cryptocurrency in the world is Bitcoin. Therefore, talking about Blockchain without taking Bitcoin into account does not make much sense at the moment. Its appearance in the financial market, back in 2009, was not without controversy. Its creator, Satoshi Nakamoto, disappeared in 2011 without leaving any trace of his person. Since then, there have been many legends that have been created from this character, to the point that he has starred in a comic book.
The reality is that this cryptocurrency is the future of economic transactions, but its definition in the current scenario has yet to fit in. Experts in this technology will be in charge, over the next few years, of defining key aspects that today have no apparent solution:
- Must be able to generate confidence in the financial sector, as much or more than more traditional payment methods.
- Bank machinery must be adapted to the requirements of this new technology, since it will require a increased capacity and power
- Blockchain experts, as mentioned in previous lines, will be. essential in this process of modernization of the international transactional system.
- State regulation of cryptocurrencies is another key aspect to be taken into account for the future: tax fraud, economic policy...
Ultimately, Blockchain experts will be in charge of turning around 180º to the international financial infrastructure. The question is not whether they will be able to, but will they be able to?how long will it take for cryptocurrencies to take over our daily lives??
At Zemsania we are experts in Blockchain and we can help you solve all your doubts.