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In a sense, Blockchain is literally a chain of blocks – the blocks being digital information and the chain being a public database. Simply defined, it is a decentralized, distributed ledger that records the provenance of a digital asset. Blockchain makes the history of a digital asset unalterable and transparent through decentralization and cryptographic hashing. It helps reduce risk, stamp our fraud, and bring transparency in a scalable way for a variety of uses. Due to its fast uptick in adoption for application development, it is expected to generate more than $10.6 billion in revenue by 2023.
Blockchain was originally created to be a transparent ledger system for Bitcoin. It has since been expanded for a multitude of uses by developers who use it to create programs that can communicate with one another on the chain. Blockchain is used in the shipping finance, healthcare energy, medical, and real estate fields.
Its encryption and transparency makes Blockchain a useful tool for any kind of application, program, or software development that deals with sensitive data. Blockchain can be used for a variety of purposes. Payment processing can be expedited, and funds transferred from one party to another. It can also be used to monitor supply chains by removing paper-based trails, which can pose security threats, and store enterprise data.
Some common careers in which people regularly use Blockchain and their average salaries in the U.S. include:
Senior managing consultant – $153,703
Director of Product Management – $149,225
Full Stack Developer – $112,098
Software Engineer – $110,723
Product Manager – $106,612
Innovation manager – $96,283
Risk analyst – $93,048
Block manager – $74,740
Engineer – $70,704
At Skill Developers, we employ industry-leading instructors to deliver educational courses in Blockchain technology. When you sign up for a Blockchain class, you will receive live online education in virtual labs and 24/7 support from experts. You will connect with teachers who can answer your questions and provide guidance as you complete your courses and become a stronger job candidate.