Evolution Of The Blockchain Industry Into A Specialized One – Block Build Africa
By Content Team, CBC.
The blockchain industry has grown swiftly through the years. Blockchain is defined as a decentralized statistics ledger that is shared securely.
Blockchain technology enables a collective institution of chosen contributors to share records. Blockchain cloud offerings make it simple to acquire, combine, and distribute transactional information from numerous assets.
Blockchain technology enables commercial enterprise networks to coordinate assets and document transactions quite simply.
Blockchain has been tested to be an excellent technology ideal for storing completely oblivious data saved in an immutable ledger.
The statistics may be shared at once with authorized network users. In summary, accounts, payments, manufacturing, and every form of the transaction can be tracked through the use of the blockchain network.
According to a market research study published by Custom Market Insights, the blockchain technology market size was envisioned to be worth more or less USD 4.8 billion in 2021 and is anticipated to boom to USD 69 billion by 2030.
The marketplace is expected to develop substantially over the approaching years as a result of several riding factors, they are:
Blockchain as Service involves allowing customers to leverage cloud-based solutions, enabling them to build, host and use their smart contracts, blockchain apps, and functions on the blockchain.
During this process, the cloud-based service provider handles all the necessary tasks and activities needed to keep the infrastructure agile and operational.
BaaS is directly aiding blockchain adoption across businesses and has proven to be the necessary catalyst that can result in much deeper and wider penetration of blockchain technology across various sectors, thus driving market growth.
Cryptocurrency is slowly becoming a widely accepted means of payment for goods and services. Big companies such as Spotify, Paypal, Microsoft, Subway, and Burger King, to mention a few, are accepting cryptocurrencies. With all the buzz around blockchain technology; the acceptance of cryptocurrencies by merchants is sure to increase.
According to Investopedia, approximately 15000 businesses currently accept cryptocurrency around the world. Cryptocurrency adoption is on the increase as the crypto industry is steadily growing into a full-fledged industry of professionals possessing technical and non-technical skills.
These are individuals who suit to one or more professional careers within the crypto sector. Jobs in the crypto industry require an individual to have either technical or non-technical skills.
Technical crypto jobs are those which commonly require an advanced degree of expertise. To get jobs in this category, you need to have gone through schooling in coding, blockchain technology, artificial intelligence, programming, and machine learning.
Some of the roles within the technical category include blockchain developer, blockchain engineer, solidity developer, UI/UX designer, data analyst, quality engineer, software engineer, blockchain consultant, and many more.
There are also cryptocurrency jobs that do not require a high level of know-how or technological expertise. These roles can be filled by individuals with marketing, communication, entrepreneurial, and problem-solving skills.
Some positions in this category consist of content writers, social media managers, project managers, advertising and marketing managers, accountants, events managers, content developers, community managers, and financial analysts, to mention a few.
More Nigerian and African startups are beginning to explore the various opportunities offered to utilize blockchain technology.
Its potential cannot be overemphasized, making it a modern alternative and one that is here to stay.
Professionals have emphasized the capabilities of Blockchain technology because they believe it has the potential to change the world as we know it.
Authorities, finance, protection, research, and personal identification are some of the areas which have been impacted using Blockchain technology
The blockchain and crypto industry in Nigeria is in its early phases and has been deemed as a tool for change in Nigeria’s economic sector.
While many are oblivious to the path that Blockchain is paving for wealth creation, others have tapped into the resources and are on the ladder to achievement.
Currently, at the adoption stage, blockchain communities and experts in Nigeria are seeking to teach, inform, and practically groom individuals in the blockchain sector.
This phase of adoption is important because it’s the first step in building the industry in Nigeria. Individuals and communities have taken on the responsibility of educating people and businesses about the importance and applications of Blockchain technology.
One such community is the Crypto Bootcamp Community(CBC), which has been in existence since 2020. They are a leading blockchain and crypto community that is dedicated to advancing the adoption of blockchain technology.
The community has a membership of over 10,000 people across the world, making them considered one of the biggest blockchain communities in Africa.
The blockchain industry is evolving and taking into consideration the inclusion of experts with specific talents and skills. These professionals are reshaping the future of the industry, and there is no option but to go with the wind.
It’s not business as usual, as more people are taking over professional roles. The only way forward is to acquire applicable skills with the view to giving value because it’s the currency needed to stay on track with the industry’s demands.
Blockchain technology is creating new opportunities – including heightened demand for technical skills and non-technical skills – based on innovative business practices and the storage, security, sharing, and exploitation of digital data.
The future of this evolving ecosystem belongs to only those who acquire applicable skills and position themselves for novel opportunities in blockchain technology.
Crypto Bootcamp Community in collaboration with Yellow Card is hosting the biggest blockchain and crypto education bootcamp–BOOTCAMP 3.0, to help individuals skill up and harness sterling opportunities in the industry.
BOOTCAMP 3.0 is the 3rd edition of “The Crypto Bootcamp”– an annual educational event hosted by Crypto Bootcamp Community(CBC) to expose individuals to high-income digital skills in the crypto and blockchain industry.
This 3rd edition is sponsored by Yellow Card alongside media and ecosystem partners like Blockbuild, CryptoTVplus, Lightblocks, DiutoCoinNews, SiBAN, Convexity, TradeFada, BlockchainHub Africa, TalentBase, Crypto Ladies League, Bitbarter, Crypto Masterclass, The Palm Academy, Ironside Academy, Jomex and others.
The 10-day event will take place from Monday 21st – Wednesday 30th 2022. It will endorse blockchain education across all strata of society, facilitating inclusion and mainstream adoption.
Themed “SKILL UP FOR CAREER OPPORTUNITIES IN BLOCKCHAIN”, BOOTCAMP 3.0 is designed to give individuals a robust learning experience with a range of future-proof Web3, Crypto and Blockchain courses.
BOOTCAMP 3.0 is yet another opportunity for newbies, crypto enthusiasts, and non-crypto professionals to skill up and position themselves for wealth in blockchain technology. It isn’t one that you should miss. Register Here.
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