Report: Opportunities in Blockchain Are Growing Fast

According to a new report, opportunities for blockchain developers beyond the cryptocurrency arena are finally starting to appear.

In addition, people in alternating industries are beginning to view the technology as a trustworthy application that can bring stronger levels of efficiency and productivity to one’s operations. Automakers, for instance, certainly view it as something that can enhance the auto industry, according to a new study.

Blockchain Is Expanding Quickly

Approximately 1,314 different auto executives were questioned to garner information about where the technology lies in the future of auto mechanics, and roughly 62 percent of those who took part said that they feel it will be a disruptive and revolutionary tool in the auto industry over the next 24 months.

The study’s authors – Matthew Jones, Dirk Wollschlaeger and Ben Stanley – explain:

“Currently part traceability throughout the life cycle of a vehicle is very limited, which means counterfeit parts could be used by service centers in some markets. Implementing blockchain-based solutions in the automotive supply chain could solve some of the issues around recalls, fake products and consumer safety… Blockchain could also introduce improvements and operational efficiencies in areas such as financial transactions between ecosystem participants, authenticating access to cars and customer experience and loyalty.”

The report discusses several new blockchain-based positions now available in varying industries, with “blockchain developer” being the most common. Anyone taking on this role is responsible for implementing, designing and supporting distributed ledger-based networks through varying stages of production. They must also design distributed ledger technology fit to match new operational requirements and research new technical solutions and protocols.

Next is “blockchain engineer,” in which the individual works on building an underlying distributed ledger infrastructure and implementing end products onto that infrastructure. They must also develop document-signing frameworks and APIs that work directly with the chain in question.

A Few More Roles to Discuss

A platform engineer provides support and expertise to varying distributed ledger initiatives throughout a company or a specific division of a company. They must develop subject matter expertise on a chain’s architecture and operational requirements. They must also create algorithms, identity authorities and smart contracts.

Last is the blockchain protocol architect or protocol director. This person predominantly works with government agencies to build a chain’s credit-scoring system and enhance its financial security protocols. They are required to create and oversee a global platform and partner with blockchain engineers to establish a “highly scalable,” cloud-based system. They are also required to ignite thought in the blockchain space and further enhance their company’s engineering brand.

Does a job in the blockchain industry sound fun and interesting to you? Post you thoughts below.

Image courtesy of Shuttershock

The post Report: Opportunities in Blockchain Are Growing Fast appeared first on Live Bitcoin News.

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