4 Top In-Demand Blockchain Skills in 2022

Blockchain careers are currently in demand. However, to land a good job in this sector, you need to equip yourself with the right skills. So, to get started, you can check out these blockchain skills that are in demand right now. 

#1 Decentralized Applications Development

A Decentralized Application (dApp) is an application that uses a peer-to-peer network of users to validate transactions. Unlike centralized applications, dApps are not run by one central authority — instead, they allow users to interact with the app directly and securely, without any middlemen involved.

Decentralized apps have many benefits over centralized versions. One major benefit is that because all data is stored on a blockchain, there’s no single point of failure: if one server goes down or gets hacked, the other nodes in the system can continue working without interruption.

Furthermore, dApps are more secure than traditional applications since their data cannot be tampered with due to their decentralized nature—it would take an enormous amount of computing power to change the blockchain records.

It’s important to note that while most decentralized applications run on top of existing blockchains like Ethereum or Bitcoin (the two most popular), some developers create new ones from scratch using various frameworks such as Hyperledger Fabric or Truffle Suite.

#2 Smart Contracts Development

If you want to be on the front lines of a revolution in the way we conduct business, this is your role. Smart contracts are pieces of code that run on the blockchain, and their goal—you guessed it—is to make contracts more efficient. They’re highly sought-after because they can be used for a variety of tasks: automated payments, supply chain management, escrow accounts, and more.

First off, to get into the development process, you’ll need to know how to write smart contracts. Since they’re just code, that means learning a programming language like Python or JavaScript. You should also familiarize yourself with the tools used for smart contract development: Ethereum (a popular blockchain platform), Solidity (a programming language created specifically for writing smart contracts), and Truffle (an Ethereum developer environment). 

It could also be helpful to learn web3.js. It is a library that allows interaction between a client and an Ethereum blockchain node over JSON RPC protocol.

A lot of people who get into this field first come from a software engineering background; if you don’t have one but are interested in getting into smart contract development, try picking up some basic coding skills before diving in deeper!

#3 Cryptocurrency Wallet Development

People scour cryptocurrency markets and go through cryptocurrency prices before trading crypto. The cryptocurrency value is vital to them. What’s more vital, however, is the security and storage of their hard-earned crypto. That is where cryptocurrency wallets come in.

Unlike fiat or regular currency, you cannot keep crypto in a regular wallet since it is a digital currency. Cryptocurrency wallets are digital tools that store your cryptocurrency holdings. They give you the ability to send, receive, and spend your cryptocurrency. You can also use them to check your balance and trade cryptocurrency on exchanges – check on Swyftx, one of the most trusted crypto exchanges australia. Cryptocurrency wallets come in a variety of forms with different features.

Before we dive into how to choose the right wallet for you, let’s first look at the different types of wallets out there:

  • Hardware Wallets: These are physical devices that store your cryptocurrency keys offline. That makes them safer than other options as they’re less vulnerable to hacking attempts through the internet (although they’re still vulnerable if lost or stolen). Ledger Nano S and Trezor are two popular hardware wallet options.
  • Desktop Wallets: These wallets are software programs that install directly on your computer and allow you to interact with them using an interface on your desktop screen. Exodus is one example of a desktop wallet provider available for both Windows, macOS, and Linux users; it has built-in support for several cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and more.

#4 Blockchain Consulting Services

Blockchain consulting services may be provided by a company of blockchain experts or by freelance consultants. Blockchain consulting services may include:

  • Blockchain strategy development: This is the process of developing a roadmap for the adoption of blockchain across an organization and its various business units. 

The outcome is a prioritized list of activities to be executed to deliver value from the blockchain. 

  • Blockchain implementation roadmap development: This is the process of developing a detailed plan for implementing specific blockchain solutions and applications across an enterprise’s operational landscape. 

The outcome is a clear action plan with timelines and milestones that allows companies to execute their blockchain strategy in a phased approach that delivers value early and often.

  • Blockchain proof of concept (PoC) development: This is the process of developing prototypes that validate concepts such as scalability, security, privacy, interoperability, and data governance to mitigate risk before full production scale deployment.
  • Pilot development: Typically built after PoCs have proven successful for specific use cases, pilots involve stakeholder participation in certain aspects of production processes using working software developed through piloting efforts. 

Pilots are initiated after the completion of PoCs. Pilots are sometimes conducted as mini-proofs-of-concept in which some functionality has been hardcoded rather than being coded from scratch. They build upon existing frameworks like Ethereum or Hyperledger Fabric so they can be launched without much additional effort required by developers.

Once you acquire these skills, you can work in the respective blockchain sector. Always keep learning and acquiring more knowledge regarding your field of interest. Only then can you make strides in your blockchain career.

Author: Editorial Team

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