 Your new post is loading...
Blockchain has come to us from all aspects and become an indispensable part of our life. How much do you know about the application of blockchain? Do you know all these familiar applications about blockchain? Maybe you have heard about the application of blockchain. Today Jarvis+ will take you to review the details of blockchain in our life. Alipay’s “public interest in chains” Ant blockchain, together with Alibaba public welfare, launched the public welfare plan on the chain, applied the blockchain technology to the public welfare, realized that the donation can be linked, the process can be stored, the information can be traced, and the feedback can be reached, so as to create a credible and transparent public welfare. Recently, have you found that in Alipay’s “public welfare” mini program, you can check every donation on the platform, and even look at the letter of gratitude written by the children in the mountain area. Based on ant blockchain’s public welfare plan on the chain, it has gradually realized the whole process of tracking each donation from donation to recipient’s collection. After that, it’s as simple as checking express to check the whereabouts of each donation, which is an important step for ant blockchain to promote the transparency of public welfare. Identification Today, with the development of 3D printing technology, it is not difficult to copy a certificate with fine workmanship, which makes it difficult to prove your identity. Microsoft, Tencent and Ethereum have all developed corresponding applications to store the data of entity ID on the blockchain. Users scan their own identity documents with their mobile phones. The application will encrypt the document information and save it in the user’s local area, and save the data fingerprint to the blockchain. The data fingerprint on the blockchain is controlled by a private key. Only the user who holds the private key has the right to modify it, otherwise no one has the right to modify it. At the same time, in order to prevent users from stealing other people’s identity documents to scan and upload, the application also allows banks and other institutions to endorse the user’s identity to ensure the authenticity. Financial Service Financial services is one of the earliest application areas of blockchain, and also one of the areas with the largest number of blockchain applications and the highest popularity. Blockchain has become one of the important technologies for many financial institutions to compete for new financial technology.
Now, almost all banks are exploring blockchain technology and application, and have made substantial application achievements in financial fraud prevention, asset custody transactions, financial audit, cross-border payment, reconciliation and settlement, supply chain finance and insurance claims settlement, to a certain extent, promoting the resolution of the complex credit verification, high cost, long process in previous financial services Data transmission error and other problems. At present, there are some typical cases in the field of financial services, such as the inter agency reconciliation platform based on the blockchain, the difference account checking system, and the cross-border direct link clearing business system transformed by the blockchain technology. Public Service With the development of economy and society, the scale and scope of public service are expanding, and its influence is growing day by day. High quality government service oriented by public demand will be an important direction for the development of public service in the future. At present, the government has begun to promote the “blockchain + government” service and achieved positive results.
Through blockchain, government departments have effectively solved the problem of “information island”. By using blockchain technology, data sharing among governments at all levels and departments can be realized, which is conducive to improving work efficiency, reducing administrative costs and bringing better government service experience to the public.In addition, for the immature protection of intellectual property rights in China, blockchain technology is gradually embedded in the creation platform and tools, using its anti forgery and anti tamper features, objectively recording the creation information of works, providing copyright certificates for massive works at low cost and high efficiency. On this basis, it can also support copyright capitalization and rapid transaction to help solve the huge number of works The problems of confirming, authorizing and safeguarding the rights of digital works with large and high circulation frequency.
A fresh report from LinkedIn breaks down the top skills that employers are looking for in 2020. Moreover, it shows blockchain making an industry entry – in a big way. Specifically, blockchain has not just made the list, it’s the most sought after hard skill on it. LinkedIn says blockchain is most in-demand skill in 2020 On January 9th, LinkedIn released its yearly list of the most valuable skills for companies. According to its report, “The Skills Companies Need Most in 2020”, companies are now beginning to recognize the growing importance of blockchain. Although those who keep an eye on the cryptocurrency and blockchain sector will be aware of the massive demand for blockchain competence, this has yet to reach the general public. This is something that LinkedIn acknowledges, in that blockchain wasn’t even on their list last year: “Last year, cloud computing, artificial intelligence, and analytical reasoning led LinkedIn’s global list of the most in-demand hard skills. They’re all on the list again this year, but a skill we weren’t even looking at a year ago — blockchain — tops the list of most in-demand hard skills for 2020.” The LinkedIn list includes both “soft skills” and “hard skills”. Put simply, soft skills are more behavioral, and do not directly relate to how an employee executes the work itself. Rather, soft skills decide how they perform their assignments, how they solve problems, make decision etc. Blockchain talent is hired at the highest rates The “Top 5 Soft Skills” include creativity, persuasion, collaboration, adaptability and emotional intelligence. However, soft skills are necessary in practically any role. “Hard skills”, on the other hand, are directly specific to a person’s role in the company. As such, hard skills are the ones that are most likely to predict employment – and this is the list that blockchain technology tops. Notably, LinkedIn’s study is not only looking at the skills in high demand relative to their supply. It is also based on those getting hired at the highest rates. This means that blockchain is not only the most sought after hard skill in 2020. Instead, blockchain is also the most high-paying competence to hold. Keeping this in mind, it isn’t hard to see why people want to get a job in crypto 2020. But what some people don’t know is that there’s an easy way get the competence needed to work in blockchain yourself. What’s more, it’s even possible to do this with zero previous knowledge of blockchain. Get a job in blockchain with zero previous knowledge The answer to getting a job in blockchain is Ivan on Tech Academy. Specifically, Ivan on Tech Academy is the largest blockchain academy in the world with roughly 20,000 students. Moreover, the academy allows people to go from zero knowledge of blockchain to landing the job of their dreams. In fact, Ivan on Tech Academy is already responsible for a number of success stories. These include Peto, who went from being curious about crypto to landing a dream job at IBM. Another story is that of Juliana, who went from zero knowledge of blockchain to getting a full-time job as a Blockchain Developer. Ivan on Tech Academy has countless hours – described as “weeks” by Juliana – of content. This includes courses, tracks and tutorials. Moreover, anyone can sign up and learn with Ivan on Tech Academy, as it requires zero previous knowledge. Additionally, the content is adapted so that anyone of any previous level of knowledge can jump right into the courses they are best suited for. Ivan on Tech Academy is also currently running an affiliate program, so it’s easier than ever to recruit your friends to join the blockchain community. With this, it’s easier than ever to be part of this upcoming, high-earning segment. Consequently, it seems likely that 2020 will be the best year yet for the blockchain sector. LinkedIn themselves strongly encourage people to become more familiar with blockchain. If people are more aware of blockchain, they can adapt it to companies’ needs:
Blockchain technology has been a major disruptive force over the last couple of years. Its ability to guarantee transparency and eliminate intermediaries all the while ensuring the security of all sorts of transactions made it resist and overcome the initial skepticism of both the general public and especially financial institutions. And despite promising adoption rates and favourable feedback, blockchain is still relatively new compared to the systems it is designed to replace. Additionally, its complexity coupled with bad PR led by traditional financial entities (out of fear of losing ground to the technology) meant some myths, misconceptions and controversies arose and are now inevitably associated with blockchain. In this blog post, we debunk some common myths and misconceptions about blockchain to help you gather a more thorough understanding of the technology. Blockchain and cryptocurrencies are basically the same thing Ever since the introduction of Bitcoin in 2008, the terms blockchain and cryptocurrency have been used interchangeably. However, they don’t mean the same thing despite their strong ties. To figure out the difference, let’s first define each term. A cryptocurrency is a digital asset used as a medium of exchange, like the Euro or US dollar. It is stored in a decentral and transparent manner within public ledgers, typically a blockchain. But what exactly is a blockchain? Blockchain is a public ledger that uses a chain of blocks to store different kinds of records and transactions. It has key benefits for businesses, such as decentralization, persistency, anonymity and auditability. Both definitions show how blockchain is the system that enables the storage and exchange of cryptocurrencies. To put it simply, we wouldn’t have cryptocurrencies as we know them today if it wasn’t for blockchain. Blockchains can only be public Blockchains have always been portrayed as the alternative for traditional financial services, mainly because they are public. However, this statement isn’t entirely true. There are other types of blockchain, such as private, consortium and hybrid blockchains. All four types share some similarities as they more or less follow the same basic principles. They contain a cluster of nodes operating on a peer-to-peer network system. Nodes are the equivalent of servers that verify and exchange transactions and build the blockchain blocks. The differences between the four types are mainly the visibility, access and participation in the consensus process. - Public: Transactions are visible to everyone and there are no restrictions on who can participate in the consensus process.
- Consortium: As the name implies, consortium blockchains are managed by a group of members utilizing pre-defined nodes with access permissions, such as writing, reading blocks and performing transactions
- Private: A private blockchain is one used within an organization. Permissions are centralized and restricted to selected members.
- Hybrid: This is a combination of public and private blockchains. This type of blockchain offers flexibility and control since members can decide which data to keep private or to share publicly.
Blockchain is a database Since blockchain is relatively new and complex, there has always been a tendency to compare it with already available technologies, like databases. Sure, a blockchain can be considered as a form of database, but a database is definitely not a blockchain. Both technologies are used to store data, but they do this in different ways and following two distinct principles. Blockchains are decentralized public ledgers (in most cases) that typically store records and transactions within blocks. The stored information may be visible to everyone or to selected members who can handle data through read and write operations. On the other hand, databases are centralized collections of data stored within tables. The stored information is usually just visible to restricted members who have more control over the handling of data, whereby they can create, read, update and delete data. Blockchain use cases are only targeting the financial industry This statement would have been true a decade ago; however, blockchain has come a long way since then and now covers more use cases and industries other than just the financial industry. For instance, blockchains are being progressively used for knowledge sharing and record keeping within educational and healthcare institutions. For example, authorized users can access sensitive data securely thanks to methods that are not provided by other digital or cloud sharing platforms. Using a blockchain also reduces the number of intermediaries handling input, while bringing transparency to operations. Blockchains can also be used to engage employees and communities by combining gamification mechanisms with cryptocurrencies to create an internal economy. Users can gain tokens based on their work and contributions, which they can ultimately spend on perks or activities made available by their organization. Additionally, human resources is another field that has been significantly impacted by blockchain. Start-ups like Etch, ChronoBank and others cover the whole scope of HR operations, from recruitment to payroll management, by allowing companies to automate recruitment and payroll and to pay employees in a fast and secure way, all by taking advantage of the power of blockchain. Blokchain has moved from just being a new trend or buzzword to now playing a major role in a wide variety of industries. Interest from big corporations, such as JP Morgan, Goldman Sachs, Facebook and others, shows how far the technology has come. However, the technology is yet to reach its full potential with concerns over its scalability and a lack of qualified blockchain developers. But one thing is for sure, blockchain is here to stay.
|
The latest research-based data from the LinkedIn, the employment-oriented digital networking platform manifested that Blockchain tops the list of most in-demand Hard skills of 2020. Blockchain is as an unchangeable record of time-stamped data which is commanded by a cluster of computers which cryptographically secured. The ranking was notified by categorising the skills of the user’s career profiles who are getting employed at the skyrocket rates. Blockchain Amongst Favorites According to Crypto News, the ranking of Blockchain portrays the penetration of technology in the business world. The top-ranked technology has beaten up the infamous techniques of Cloud Computing and Artificial Intelligence. The researchers further added that Blockchain technology is in demand in the countries like the United States, the United Kingdom, France, Germany and Australia. LinkedIn’s Opinion on Blockchain Technology Bruce Anderson, the blog head writer of LinkedIn, explained that Blockchain has transpired from the mysterious world of cryptocurrency to business solutions in search of troubles. He further cleared that recruiters should foresee the prospected benefits of the infamous technology of crypto-world. For the most renowned companies of the world, like IBM, Oracle, Microsoft, Amazon and many more, the technology has turned for better business prospects. This top-ranked technology has diversified from shipping to healthcare industries, from food safety to entertainment sectors. Emerging Buzzword The demand for top-ranked technology has increased since 2018. LinkedIn published the report in December 2018, “Emerging Job Reports” in which it acknowledged “Blockchain Developer” as the most rapidly emerging employment position of the year. In 2019, NASA had the requirement of a data scientist with experience in cryptocurrency and blockchain technology. Conclusion The crypto world is the brainchild supposedly of Satoshi Nakamoto. The world of cryptocurrency and Blockchain has evolving day by day as the technology is touching the daily lives. As digital technology is targeting the digital economy, employment in the most infamous field of Blockchain Technology is increasing. This technology is unveiling the prospects for hassle-free financial inclusion. Many experts have explained the outpaced demand for those who possess the implementation knowledge of top-ranked technology.
Blockchain technology promises to revolutionize practically every sector of the modern economy. In this post, we take a look at why everyone’s so excited about blockchain and what do all the wide applications of blockchain really boil down to. To create a basic level understanding of what blockchain is capable of, let’s look at the 10 things blockchain can do 1. Decentralized Database Blockchains are called so because they are blocks where data is stored in linear containers. These blocks form a chain, so the name blockchain. Anyone can notice that you’ve placed data there, since it is semi-public and carries your signature. However, only you can unlock what’s there in the block (container). You can do so securely by using the private keys to that data block. Essentially, blockchain is a database with the “header”, where the information is stored as public. If you think that’s not very good for a database, you’re right. Blockchain isn’t the best database, but that’s not a problem. Blockchain isn’t meant to be the substitute of a database. Instead, we expect developers to find ways to rewrite their applications that capitalize upon the strong points of blockchain’s state transition capabilities. Simply put, blockchain has disrupted the database transaction process paradigm. 2. Distributed and shared accounting ledger Firstly, blockchain is a semi-public and therefore distributed ledger. That makes it shareable across multiple entities without sacrificing security. What’s more, the ledger is time-stamped. This makes every single transaction verifiable and traceable. All computers on the network can validate every single transaction. That becomes one of the key strengths of blockchain – it automatically prevents double-counting. As a result, the chances of both errors as well as fraudulent transactions are virtually zero. This may appear to be the single most important application of blockchain but there are many more, equally powerful uses of blockchain. 3. Peer-to-Peer Network You would’ve noticed by now that being shareable, there’s nothing that is “central” about blockchain. It’s architectured in a way that there’s no central server that dictates transactions – it remains a peer-to-peer network over nodes. Your computer, if a part of the network, can verify transactions happening over the network. You could call it thin computing in its best decentralized format. Because of this, users can reach out to other users and transact with each other instantly, irrespective of geographical or time-zone differences. There are no intermediaries like a main server to filter or slow down the transaction. Hence, the transaction happens without delay. All nodes on the network have equal importance and can offer their knowledge of all transactions over the network. This goes beyond just being a peer-to-peer network and creates a marketplace for users, a distributed economy. The size of such marketplaces varies greatly in size without compromising the integrity of blockchain. 4. Cryptocurrency Without doubt, cryptocurrencies (aka token) are the most popularly known application of blockchain. Famous examples of cryptocurrency include Bitcoin (BTC), Ethereum (ETH) and Ripple. Basically, cryptocurrency is an economic proxy of the operations and security of blockchain, a cryptographically encrypted currency. Cryptocurrencies follow a set of protocols and are not dependent on a single government body, entity or authority. They have an open source code, which means anyone can available for everyone to use or modify. Cryptocurrencies, like other currencies, can have a compensatory as well as production role. Miners who mine out cryptocurrencies and successfully validate blockchain transactions can be awarded the currency. Additionally, there is a consumption role, where you pay a small fee for running smart, blockchain-backed contracts (using Ethereum), an equivalent of transaction fee (with Bitcoin or Ripple). These costs and compensations are placed so as to prevent abuse of the blockchain system. In a larger, more advanced case, tokens may be used simply for internal value, asin DOAs (Distributed Autonomous Organizations). Technically, it’s a currency and therefore can be traded over currency exchanges, pretty much the same way you trade Euros and Dollars. You can also buy goods and pay for services, with the help of Bitcoins. Such transactions are smooth and secure within the blockchain network. Of course, when it crosses over and has to interact with traditional, real-world currency, there’s a chance of friction and delay. Like any other asset, one can invest and transact in cryptocurrencies. As a result, it is susceptible to volatility and hence keeps away a large number of potential investors. The volatility originates from the genuine uncertainty. It is hoped that as it gains more acceptance and more understanding develops, the uncertainty will drop considerably. That would make cryptocurrency more stable in the long run. 5. Open Source Software Technologies with open source software are not just transparent. They have the benefit of huge improvements by way of collaborations that add massive, valuable features on the top of the core software. That way, users keep tinkering and adding value to the core. A good case is Bitcoin. Its core protocol is fully open source. From the time Satoshi Nakamoto was inspired by Nick Szabo, it was clear that open source was the way to go. Since its inception, Bitcoin is being maintained by a collaborative group of “core developers”. Their work is continually complemented by contribution from thousands of independent developers the world around. These independent developers constantly come up with complementary products, services and applications that benefit from the Bitcoin protocol and its robust nature. Eventually, we can see an extremely strong ecosystem being built around Bitcoin. Essentially, it’s the open source nature that has led to the level of excellence that Bitcoin is.
Skills gaps are exciting because they mean the industry is growing. In the case of blockchain, it also means that the industry can’t grow fast enough. Interrogating the Blockchain Skills Gap Cryptocurrency is one of the flashiest faces of blockchain technology. However, if you’re really in the know, you know that blockchain is a lot bigger than just Bitcoin, Ethereum and other cryptocurrencies. In fact, experts in the blockchain industry are in increasingly high demand. When the academic turnout of specialists fails to meet the demand of an industry, it’s called a “skill gap”. It’s a problem that faces many new technologies. While having this shortage is exciting for the industry – it means the industry is growing – it also means that the industry cannot meet its full potential until the skills gap is filled. What is Blockchain? The term “blockchain” is the key to visualizing how this open-source technology works. Each block is a discrete piece of data. Each block in a chain is linked to another block and contains all of the blocks that came before it. So, why is this so complicated? It’s definitely easier said than done. The computer know-how for creating chains out of blocks is hard to come by. Now, why is it so important? If “because cryptocurrencies” was the only answer, it would be a good enough answer. However, there’s so much more to distributed ledger than that. For one thing, it’s a secure and transparent way of accessing data. Because the discrete data sets are linked together, it’s very easy to tell if something has been changed. It’s also a very efficient way of storing and sending data. Understanding where blockchain exists outside of cryptocurrencies is important for understanding how crucial it is to have talent with in-depth knowledge of blockchain technology. It’s also important for understanding why so many experts are required. The Skill Gap As mentioned, there’s no shortage of blockchain-related job postings. LinkedIn first made the crisis known with their 2018 jobs report. The report listed “blockchain developer” as the year’s top emerging job. The top skills needed that the report listed aside from blockchain were also programming languages such as Solidity and Node.js. Demand was determined by looking at the skills of people on the site being hired compared to looking at hirers in pursuit of that skill. According to that report and subsequent analysis, there just aren’t as many blockchain developers to go around. In particular, the most in-demand job titles are software engineer, senior software engineer, software architect, front end and full stack developer. We did discuss the fact that there are uses for the technology beyond crypto. However, another recent report found that “crypto developer” is a rapidly growing job market. This demand from crypto puts even more demand on the talent market. The report mentions that in order to stand out, job seekers interested in various cryptocurrency and blockchain jobs should be familiar with blockchain development languages such as Hyperledger, Bitcoin Script, Ethereum’s Solidity, and the Ripple protocol. And the most recent LinkedIn report reveals that blockchain skills are actually the number one most in-demand hard skills in 2020. According to the LinkedIn Talent Blog post, blockchain “is the most in-demand skill in the United States, the United Kingdom, France, Germany, and Australia.” The post also emphasises that financial services are not the only sector that can benefit from blockchain talent. “Recruiters should start becoming familiar with how blockchain works, what its perceived benefits are, and who are the people best suited to help your company explore where this budding technology might have a role.”
|
