Why study B.Tech. in Blockchain Technology
In India, there is a growing demand for blockchain developers due to which youngsters are gravitating towards this course
In the 1990s, all money transaction platforms were centralized with the result that the scope for transparency of financial transactions was extremely limited. In other words, firms could be notoriously opaque at times about financial transactions for there were hardly any checks and balances. A need was being felt to decentralize the entire process to put the kibosh on financial irregularities and frauds.
Defining Bitcoin Blockchain
In 2009, Bitcoin (BTC), the world’s first public blockchain crypto token came as a breath of fresh air. BTC is referred to as decentralised digital currency.
BTC represented a paradigm shift in the way people did business. However, no one has any clue about the name of its actual inventor as he is known by a pseudonym, Satoshi Nakamoto.
Bitcoin blockchaining is digital ledger technology (DLT). It consists of a growing list of records, called blocks, and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.
Each block systematically records a cryptographic hash of the previous block, a timestamp, and transaction data. In other words, cryptographic hash functions are used in cryptocurrencies to pass transaction information anonymously.
How Blockchain works
Each block stores vital information about the block preceding it. As a result, they form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are completely irreversible. In other words, once they are recorded, there is no way one can alter the data in any given block retroactively without altering all subsequent blocks.
Every time a new block is added, the previous blocks become unmodifiable. This ensures complete security of the blocks. This is how Bitcoin technology is revolutionising banking and financial transactions.
Blockchain has succeeded to a great extent in restoring complete transparency in digital transactions. Transfer of currency has been made public with the result that there is a clear record of money transactions being carried out from one person to another. Digital currency, so to speak, has gained traction.
Another major advantage of blockchain is the system of recording information in a way that makes it difficult or virtually impossible to change, hack, or cheat the system. Blockchain seamlessly facilitates the process of recording transactions and tracking assets in a business network.
Blockchain technology can be put to good use by generating a permanent, public, transparent ledger system for compiling data on tracking digital use and payments.
Blockchains are best known for their role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions.
Why study B.Tech. in Blockchain Technology
B.Tech. in Blockchain Technology familiarises students with the functional and operational aspects of the cryptocurrency ecosystem. In India, there is a growing demand for blockchain developers due to which youngsters are gravitating towards this course.
The programme teaches not only technical skills, but also non-technical skills that are in sync with the changing industry patterns and trends.
The course curriculum includes opportunities for value-added programmes that is compatible with learning through the academic curriculum.
The course helps one gain mastery over subjects such as design strategies, deployment model, infrastructure requirements, fundamental concepts, technical architecture, tools, and techniques needed for cloud application development.
The curriculum covers projects, knowledge exchange forums, and sessions by professionals. This makes it a hands-on job experience for students while pursuing the course work academically.
Blockchain-related jobs involve:
- Writing reusable, testable and efficient code for programmes.
- Designing and implementing the high-security technology for libraries, algorithms and services.
Job scope for Blockchain Technology
A degree in B.Tech. in Blockchain Technology creates a huge scope in the job market.
Some of the most sought-after jobs that one can get in this field are that of Application Architect of Blockchain, Application Consultant in Blockchain, Blockchain Developer covering both Ethereum or Solidity, Code Developers, Developers and Programmers.