BlockChain Career & Salary In India

Table Of Contents:

1.History Of BlockChain

2.What is BlockChain?

3.Why Blockchain is Important in 2021 ?

4.What type of Industries prefer using blockchain ?

5.Benefits of Blockchain for Industry

6.Skills required to become blockchain developer

7.Responsibilities of BlockChain Developer

8.BlockChain Developer Salary In India

9.Positions For a Blockchain Developer

10.Conclusion

History of BlockChain:

Block Chain is a system which was developed by research Scientist Stuart Haber and W. Scott Stornetta in 1991. They want Provide Solution for time stamp digital documents so that they cannot be outdated.They have developed this blockchain by using cryptography concepts for a secured way.In 1992 Merkle trees took up this project and developed chains of blocks to record information in blocks .However this system is unused and patent rights lapsed in 2004.

Furtherly in the year 2008 the researcher Satoshi Nakamoto conceptualized the theory of distributed blockchains. He took up this project and made the design in a unique way to add blocks to the initial chain without any of  them to be signed by trusted parties

What is BlockChain?

Blockchain is a system that is constantly expanding its ledger; it keeps records of all transactions permanently inChronological,Secured,Immutable way.It is Most probably used for Secure transfer of money, properties, contracts etc.without any third party interferences like Governments,private agencies etc.

Blockchain Is a system which records all activities in a secure way. Blockchain uses a chain of blocks it records information in blocks once information is recorded it moves into the block chain as a permanent database.whenever block gets completed it generates new block to record information.

Why BlockChain Is Important in 2021 ?

According to Google Blockchain is gaining Popularity among its features and providing High Security features than other technologies.

The  Features of Blockchain:

1.Immutable:

Blockchain is Immutable Data once stored it cannot be Modified or Altered.

2.Transparency:

Blockchain is transparent so that businesses can track every system's details.

3.Efficiency:

BlockChain is efficient it allows businesses to carry out its operations more efficiently

4.Traceability:

Blockchain Provides traceability so that it keeps track on systems which prevents fraudulent activities

5.Security:

Blockchains uses or utilizes its high security feature cryptography algorithms and methods

What Type Of Industries Prefer using Blockchain?

1.Banking and Finance

2.Healthcare

3.SupplyChain

1.Banking and Finance:

Blockchain is a system which can eliminate the threat or  fraud activities  in all areas of banking, and this could  apply to all trading platforms. After that, Blockchain  technology would also list out the issues such as operational risk and administrative costs as it can be made transparent and immutable. 

2.Healthcare:

Blockchain plays a major role in healthcare industry

i)Blockchain improves Doctor-patient interactions

ii) blockchains keeps track of medical records

iii)blockchain controls healthcare transactions

3.SupplyChain:

Blockchain can allows and keeps traceability, transparency, and tradability and have a more and more impact on every industry  that relies on the supply chain.

Benefits of Blockchain for Industry:

Blockchain provides 5 enhanced benefits they are:

1.Enhanced Security

2.Instant traceability

3.Greater Transparency

4.Increased Efficiency and Speed

5.Automation.

Skills required to become BlockChain Developer:

1.BlockChain Architecture

2.Smart Contract Development

3.Data Structures

4.Any Programming language 

5.Cryptography

6.Web Development

Responsibilities of BlockChain developer:

1.Research,develop,design applications

2.Managing or maintaining client and server side applications with integration of Business logic

3.Involving in blockchain technology community make a change as per new changes and features in technology

4.Brainstorm and help in evaluating the  applications for new tools and technologies as they continually evolve.

BlockChain Developer salary In India:

The Major Factors Affecting BlockChain developer Salary In India It depends On Your Qualification,Salary,Experience are to be considered among the Most.

The average salary for BlockChain developers  Differs by Location, Experience,Skills etc.

 The Average Basic Salary In Hyderabad Is 8,87,884 per annum This Amount can be Lowered as Rs. 5,00,000/year and reach a maximum of Rs. 45,00,000/year depending on different conditions Like Qualification ,Location, Experience, Salary.

Positions For  a  BlockChain Developer:

 1).Entry Level

The Average Basic Salary For Entry Level BlockChain developer  in India is Rs. 5,00,000 per annum

 2).Mid Level

The Average Basic Salary For Mid Level BlockChain developer in India is Rs. 10,50,000 per annum

 3).Senior Level

The Average Basic Salary For Senior Level BlockChain developer in India Is Rs.45,00,000/Yr

Conclusion:

Career in BlockChain technology definitely will take you to the next level in future.Blockchain is one of the fastest growing technology in india According some sources in Google So block chain developers will have very high demand in future