Our Courses
- PG Diploma in Blockchain and Cryptocurrency
- PG Diploma in Blockchain and Cryptocurrency
Scope of blockchain
Overall, blockchain has the potential to revolutionize many industries by providing a secure, transparent, and decentralized way of storing and sharing data. Blockchain has emerged as a promising technological innovation offering solutions to complex problems beyond the finance sector, which is expected – if not already – to revolutionize the established business models even in traditional social and economic sectors such as government and health. The fast-paced expansion of Blockchain use has inevitably pushed up the demand for qualified employees in the European labour market. The job site “LinkedIn” ranks Blockchain as the number one tech skill regarded by EU companies in 2020, and the job review site “Glassdoor” reported a 300% growth in Blockchain job postings for 2019. With the rising focus on digital transformation – in the event of the recent pandemic – Blockchain remains a top tech skill for coming years.
Gaining prominence rapidly, blockchain technology is counted among the hot trends that businesses must keep an eye on to stay ahead. Everyone is eager to learn about this new trend as it is bringing about significant advancements and leading to new opportunities in every industry, whether it is banking, healthcare, cyber security, advertising, or finance.
Cryptocurrency Users: The most well-known use case of blockchain is a cryptocurrency, such as Bitcoin and Ethereum. Cryptocurrency users use blockchain to transfer digital currency securely and without the need for intermediaries.
Financial Institutions: Banks and other financial institutions use blockchain for various purposes, including payment processing, fraud prevention, and improving the efficiency of their internal processes.
Supply Chain Management: Companies across industries such as retail, manufacturing, and agriculture use blockchain for the supply chain management. It helps them track products from the point of origin to the end consumer, ensuring transparency and traceability.
Healthcare: The healthcare industry uses blockchain for medical record management and securing sensitive patient data.
Government: Governments use blockchain for various applications, including voting systems, identity management, and secure record-keeping.
Real Estate: Real estate companies use blockchain for property management, and title transfers, and to simplify the buying and selling process.
Energy: The energy industry uses blockchain to manage and trade energy certificates, as well as to track the distribution of energy from renewable sources.
Gaming: The gaming industry uses blockchain for secure and transparent in-game transactions and to verify the ownership of digital assets.
In Finance:
Blockchain technology provides hands-down efficiency when it comes to tracking financial properties. It provides a transparent ledger system, making it even easier to track and tackle the inflow and outflow of cash.
In Cloud Storage:
With the successful implementation of blockchain technology, cloud storage can become extra secure against the attacks of hackers. It reduces unauthorized data tampering while encrypting the data using cryptography.
In Cyber Security:
As discussed earlier, blockchain uses principles of ledger technology and decentralization, making it a perfect fit to fortify cyber security. It helps secure private messaging by forming an integrating API framework that eventually enables cross-messenger communication proficiency.
In Digital Advertising:
Digital advertising faces many challenges now and then, including bot traffic, opacity, domain fraud, and insufficiency of payment models. Still, with blockchain technology, one can resolve such issues, and all the transactions can now be dealt with seamlessly.
Career Paths In Blockchain
Blockchain is in its embryonic stage and has a lot of scope for evolution in the coming future; with the trend still undiscovered by many, one can find lesser competition in the field in terms of job opportunities. Look at the career opportunities you can consider if you wish to embrace blockchain technology at a time when it’s showing exceptional potential:
Blockchain Developer
Blockchain Project Manager
Blockchain UX Designer
Blockchain Quality Engineer
Blockchain Legal Consultant
Blockchain Solutions Architect
Other alternate career options: accountants, public relations, crypto brokers, analysts, and crypto marketers. Now can be the best time to dive into the depth of blockchain technology and learn as much as possible before the competition escalates.
Blockchain in EU
Waterfalls Blockchain is actually the shared ledger that allows the process of recording transactions and tracking assets. It’s this technology that can be used by governments and businesses to develop trust and transparency as it’s a means to verify data. This can be key to building trust across governments and the sustainability of projects, among many other reasons. Europe is betting heavily on this technology, selecting a team of seven companies to design and develop the next generation on the European Blockchain Services Infrastructure (EBSI). This is part of the European Commission’s flagship project that hopes to leverage blockchain technology to improve standards of cross-border services for governments, businesses and individuals across the EU. The European Union is ambitious to thrive on the global tech scene, particularly when it comes to blockchain. It conducted a blockchain week , which was hosted in Slovenia and showcased how blockchain and artificial intelligence (AI) can bolster the EU’s ambitions in its European Green deal and Digital transition. EU announced it would invest in blockchain, data infrastructure and high-performance computing, which comes as part of its multi-billion-euro plan to develop technology across its member states.
Cryptocurrency in Europe
Europe is now the world’s biggest cryptocurrency economy, with the continent receiving over €870 billion in crypto in the past year. Countries in central, northern and western Europe (CNWE) accounted for 25 per cent of all global cryptocurrency activity, new analysis by blockchain data firm Chainalysis found. The United Kingdom saw the largest volume of cryptocurrency trading in the CNWE region, at around €145 billion. The UK was followed by France, Germany, the Netherlands and Spain. At the same time as crypto transaction volumes in Europe began to increase in mid-2020, volumes in East Asia – the previous world cryptocurrency capital by transactions – entered a steep decline.
Rapid growth
According to Chainalysis, Europe’s growth was largely driven by so-called “whales”, large institutional investors shifting enormous sums of cryptocurrency. “CNWE’s cryptocurrency economy began growing faster in July 2020. At this time, we saw a huge increase in large institutional-sized transactions, meaning transfers above $10 million (€8.5 million) worth of cryptocurrency,” the Chainalysis report said. The firm’s data shows how significant that growth has been. In July 2020, large institutional transfers totalled around €1.2 billion. By June 2021, that figure had ballooned to €39.6 billion, at which point the whales accounted for over half of all crypto transfer volume in the CNWE region.