“The small supply of professionals who have this skill are in high demand. “
~ The Skills Companies Need Most in 2020, LinkedIn

Blockchain has evolved to offer various roles in organizations. Take a look at the top 5 leading roles companies are offering to Blockchain experts.

Blockchain Developer

You are bound to be in great demand if you exhibit good programming skills. After all, you have to design well-functioning applications for Blockchain. You must also help your company explore and evaluate various blockchain platforms. Naturally, you will need to have a keen eye for detail. As for technology skills, the list is quite long! It includes Microsoft SQL Server, MYSQL, SQL, AJAX, Neural Networks, Agile Scrum, Visual Studio, Node.js, MVC, SOAP, NET, C, C++, HTML, C#, JQuery, REST, XSLT, FTP, Javascript, XCOD and XML.

Blockchain Web Designer

Established industries, and even start-ups, desire to display great websites and user interfaces to the public. Therefore, as an expert designer, you will have to come up with unique concepts for launching a blockchain. The task becomes even more challenging if cryptocurrencies come into play while doing so. After all, clients must know what a particular company is offering them.
As for the user interface, it must scream creativity, trustworthiness and allure. However, it should prove quite easy for you, if you have a keen eye for detail, an artistic bent of mind and splendid communication skills backed up by a solid grounding in Blockchain.

Blockchain Project Manager

Here, you must invite blockchain into the concerned establishment. You must also ensure that it adapts well to the organization’s technology platform. In other words, you have the task of converting organizational goals from simple language to technical (blockchain developer) language. Towards this end, you will have to plan, supervise and execute everything well. Then, when communicating details about this conversion to non-technical staff, you must display fluency. You might exhibit your communication skills while supplying updates and obtaining resources too.
It helps to possess the expertise to deal with cloud platforms. It also helps to have a good understanding of technical language.

The business value-add of blockchain will exceed $3.1 trillion by 2030.
~ Gartner

Blockchain Quality Engineer

It would be your job to oversee all kinds of operations in the blockchain arena. This means that you would have the responsibility of testing and automating various frameworks for blockchain. You should make manual testing possible too, and take charge of the dashboards on websites. Thus, all your actions must support platform, mobile and web engineering.

Admittedly, you comprehend that you must be extremely vigilant at all times. Even the smallest of mistakes can cause all manner of misunderstandings amongst people using blockchain technology. Go in for extensive research, so you may supply sensible advice on usage of blockchain tools, conducting tests and implementing automation strategies.

Blockchain Legal Consultant/Attorney

It does not matter what kind of technologies, tools, techniques, etc, come into play. Every organization has to ensure that its functioning remains within the legal framework. After all, blockchain involves monetary transactions and financial decisions. Your establishment will look towards you to provide advice about managing identity, handling finances, etc. With your grasp of local and international laws, you should be able to figure out the implications of every action that comes into play. Above all, you will have to bring about legal partnerships between your company and various other establishments. Blockchain technology grants you assistance in the form of an automation tool titled smart contracts. They are self-executing in nature since you base them on pre-decided terms.

Apart from the above, you could become a blockchain solution architect or blockchain engineer. You could even take up internships/entry-level positions for enhancing your experience and expertise. Best of all, even if you are a non-techie, you could apply for positions in the departments of design, operations, customer care, etc.

This is the right time to give serious thought to developing expertise in this technology. You can take assistance from premier Institutes like IIIT Hyderabad. For instance, TalentSprint offers the Advanced Certificate Course in Blockchain by IIIT Hyderabad. The Program brings you hands-on learning experience Campus Visits, Weekly LIVE Online Interactive Sessions, Hackathons, Capstone Projects, Master Mentors and an exceptional peer group.

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It is a radical technology shift that is going to redefine platforms, verticals, and applications to an unprecedented level. The question is – who is scared and who is ready?

The gossip continues! However, the theme has changed. Earlier, when he used to walk up to the water cooler, he would hear about who has got the H1 Visa, who is leaving for his venture and who ate away all the cookies in the office-pantry. However, now, the chatter hovers around Blockchain, distributed ledger technology, automating trust and blockchain beyond cryptocurrencies and how will it impact the life of a tech professional.

As he walked up to his desk, he used to wonder whether it is too early or too late for him to brace up for this new storm. That’s when he looked around. The friends he trusted for the perfect advice were equally disillusioned and kept going back to their cubicles with the same blank expressions.

The camp is on!

People like Ramesh Hallur, Senior Manager, Cognizant, are often the early birds walking in the direction of the industry trend enabling early adoption of something new. They can be spotted at boot-camps conducted by the likes of IIIT-Hyderabad and TalentSprint. He is one of the participants in the first cohort of the program which started in October 2018.

IIIT-Hyderabad and TalentSprint have designed this program covering both Blockchain Technologies and Solutions. The program gives equal focus on theory and practice. Over 3 months, participants learn two blockchain platforms, ethereum, and hyper ledger in depth and get exposure to half a dozen others. In addition to continuous practice, the capstone project enables them to get close to implementing a blockchain POC in the area of their choice.

Hallur thinks it is the future, he says, “Right now everyone is, more or less, on slate zero. The ones who are here, they will now be ahead in their career.”

So, what makes them observe the big picture and fly towards the land of opportunities? It certainly is not the temptation of just learning the fundamentals, which of course is essential.

Cut your teeth deep

Replete with master lectures, mentored labs, group projects, and hackathons – this program is as much fun as it is challenging. One gets to learn from both academic and industry leaders and people who form the top-notch think-tank of Blockchain in India. Modules are designed with particular emphasis on experiential learning.

Interestingly, a participant points out something else too – the mindset wheels that get changed at these pit-stops. “Blockchain, if one has to apply it for an entity like the Government, will not be about just one stakeholder. Coaching on it, before the POC (Proof of Concept) comes into play, is very crucial. After coming here, a person who gets into implementing Blockchain goes in with the right mindset. It helps to get this figured out; Blockchain is not just a technology challenge but a business challenge.”

Sundeep V Reddy, Cloud Ops Engineering Specialist, is now confident of building his own app on a DL (Distributed Ledger).

For Anthony George, Technical Specialist, IBM the hands-on experience plus the test cases that are provided here are the keys. “We can put it into the code and try to use blockchain on a small scale. It is truly a technology about bridging differences between small and big players.”

The focus of the Blockchain course by IIIT-Hyderabad and TalentSprint is on laying the foundations followed by practice and implementation. Participants have worked on use cases across the supply chain, microlending, asset securitization, insurance, digital identity, content management, trade finance, disaster management and more. Ramkrishna, CEO, Pranco Technologies Pvt. Ltd says, “It is about how to give a business solution. To commercialise it and incentivise it.”

Walk away from the cooler – to the Bonfire

V Aravind, Founder CEO, Sahasradhaara Services says, “The program is designed with exposure to its impact on the future. This is a place that harbors everything, from a three-month intensive boot-camp, complemented with one-year online access and support to an in-depth plus comprehensive curriculum. Partnering with India’s top blockchain COE gives it the strength and foresight that participants adore and leverage strongly.”

Some professionals have got so confident, they may launch their startups in this space soon.

“The knowledge shared by industry experts is exceptional. It motivates me to apply it in my start-up, with confidence.” As Hallur sums it best – it was worth coming and joining here.

Hope the guy at the water-cooler heard him in time.

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What is a Central Bank Digital Currency (CBDC)?

Central Bank Digital Currency or CBDC is a digital form of the fiat money issued by the government. While cryptocurrencies were not issued by the state and lacked any legal assets backing them, CBDC will be issued by central banks as a complement to cash. While various technologies are available, Blockchain, or Distributed Ledger Technology (DLT) will be the most likely choice for issuing CBDCs. However, unlike cryptocurrencies, CBDCs will ensure that the central bank controls the blockchain network and the supply of money.

Source

CBDCs can offer a range of benefits to the central bank and the economy.

• It will provide the central bank a bird’s-eye view of the economic activity under its control. This will make GDP calculations more accurate and relevant.
• People will benefit since transactions will be settled in real-time at a marginal cost.
• Also, the Government will track the illegal movement of money with relative ease.

The future of Central Bank Digital Currency(CBDC) and Blockchain 

Usually, many people put CBDC and Blockchain in the same bucket. But unlike crypto-currencies that are driven by Blockchain, CBDCs have the central bank at the core of all transactions.

In recent years, there has been a rise in the financial crimes causing financial loss and reputational damage to people who fell victim to it. CBDC allows the central bank to monitor financial activities and exercise greater control and traceability than cash and even crypto-currencies. As CBDCs get launched, and their acceptance grows, central banks could mitigate these crimes and tax evasion attempts.

Most financial experts believe that CBDCs would become a payment option that co-exists with the others while lowering the printing costs. It could also solve some real-life challenges regarding the distribution of money in a simple and efficient manner. Also, Blockchain will be synonymous with anything relating to banking and digital currencies. Blockchain technology stands to benefit CBDC’s hugely.

1. CBDC could benefit from the latest innovations that are built across the Blockchain, like non-custodial wallets. It means where the customer will get a file with private keys. Having a private key means the full ownership of the funds is with the customer.
2. There is transparency around transactions, and all the data is stored and made available whenever needed.
3. It is compliant. The rules are hard-coded by the protocol.
4. Trustworthy and reliable. Protecting the privacy of the end-users.

Globally the payment modes have changed drastically in the last few years. With these changes, central banks of all developed economies recognize this and realize how important it is to adopt this new technology. A CBDC backed by Blockchain technology will provide citizens an alternative for storing their money.

CBDC and Blockchain technologies are poised to disrupt the financial sector around the globe. With the future looking bright for CBDCs and Blockchain, the number of job opportunities in this field is expected to grow at a good pace. While it might be difficult to predict an approximate number considering the economic slowdowns in most countries, the new world looks tech-driven, with Blockchain and CBDCs as an integral part of the financial landscape. For professionals in banking, financial services, insurance, management, consulting and technology, it becomes essential to build new capabilities in this field so they stay relevant in these changing times.

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With Blockchain at the forefront, one can foresee innumerable possibilities. All it needs is capabilities to deploy disruptive Blockchain. IIIT Hyderabad and TalentSprint’s Blockchain Program provides a platform for professionals to boldly explore Blockchain ideas and translate them into reality with the help of experts.

Its unique curriculum paves the way for participants to pick up a challenge in any sector and solve it using Blockchain technology. You not only gain expertise and certification from India’s leading Blockchain Center of Excellence at IIIT Hyderabad but also get mentorship from the academic and the entrepreneur community to give your ideas the boost it requires. So far, the program has laid a firm foundation for nearly 405 successful startups.

Of them, the first one to hit the public eye was Asli Medicine. A ground-breaking idea by alumni of the Blockchain Program. In a nutshell, Blockchain-enabled AsliMedicine solves drug traceability concerns in Pharma supply chain management to address the problem of counterfeit medicine. The startup aims to protect the brand identity of pharma manufacturing companies and curb the burgeoning issue of fake medicines in the market.

Meet the team behind AsliMedicine and learn how the program paved the way for the genesis of this unique game-changing idea.

About the program: IIIT Hyderabad | TalentSprint’s Advanced Certificate Program in Blockchain and Distributed Ledger Technologies brings you a hands-on learning experience through Faculty-led Interactive LIVE Sessions, Hackathons, Capstone Projects, Master Mentors, and an exceptional peer group. 

The program further comes with the added support of the Centre for Innovation & Entrepreneurship (CIE) at IIIT Hyderabad. CIE focuses on deep-tech startups, seeding startups directly out of research, and actively connecting research with startups.

When the organizations around the world are looking forward to basking in the glory of this cutting-edge technology, this is your opportunity to begin a new inning of your career powered by Blockchain. 

The post How Blockchain-enabled ‘AsliMedicine’ became the perfect solution to eliminate fake medicine? appeared first on TalentSprint.

• Is it the only way to progress in my career? 
• Does it help to enhance knowledge or build new capabilities in the relevant field of my interest?
• In today’s dynamic fast-paced tech-dominated world, can a general management  approach work for all professionals? 

Highly experienced professionals come from different educational and professional backgrounds and naturally have different learning needs. Many of them opt for new learning programs to stay up-to-date, enhance skills and be relevant in today’s fast-changing world. Getting a degree just for the sake of it is not their goal. 

Experienced professionals who are hard-pressed for time and eager to enhance their knowledge and capabilities, have started opting for short-term yet intense executive programs offered on various state-of-the-art interactive digital learning platforms. Such platforms have partnered with prestigious academic institutions and global corporations to bring highly trusted programs that are a blend of high-end academics and industry-leading practices.

What is making these highly experienced professionals prefer such executive programs over traditional executive MBA? We discovered the top five reasons. 

1. Focused approach

Unlike a traditional executive MBA, in executive programs you need not learn all the mandatory modules which add little value. In executive programs, you can learn only the specific programs that you think are relevant to your current work or role. For example, if you are from a banking, financial services, insurance, management, or consulting and technology background, then you need not learn a subject on traditional inventory management. Instead, you can focus on learning things like blockchain in finance & fintech that are more relevant to you at this point.

2. Time is money

The duration of an executive MBA could be for one-year or two-years. In today’s dynamic, hectic, and challenging work schedules, highly experienced professionals are hard-pressed for time. Many companies are even contemplating having more extended workdays with six days of working. In such a rigid schedule, can you even think of spending long term on a typical executive MBA program that may lose its relevance by the time you complete it or you may even lose interest in? Whereas, if marketing is your area of interest then you can finish a highly focused short-term executive program on AI-powered marketing in just 6 Months.

3. Money and value

An executive MBA at a good academic institution costs a lot. In India, it may cost roughly anywhere between INR 4 to 50 lakh or more, depending upon the institution you choose. Doing an executive MBA is not just about getting a degree. The quality and reputation of the institute also matters, and that comes at a hefty price tag. If not company-sponsored, many experienced professionals even go for a bank loan falling into undue financial and mental stress. Is it worth it? It’s time to explore uniquely designed short-term executive programs offered by globally recognized institutes of India but are less expensive.

4. Choosing the best

When you are doing a course, you have to do it from top academic institutions. But unfortunately, top academic institutions have limited seats for such programs. Should it stop you from learning and upskilling? No, you can still learn from the top, and prestigious academic institutions in India like the IIM, IIT, IISc, IIIT etc. through their executive programs offered through various interactive digital learning platforms.

5. Learning opportunities

Executive MBA programs do not provide as many options when it comes to choosing topics of interest. They have a restricted number of subjects that focus on General Management and some specializations and hence may not offer much flexibility. In comparison, the executive programs offered by digital learning platforms can continuously keep updating and add newer programs at a much faster rate to match the changing dynamics of the business world. That is the reason you find a lot of focus on technology in these executive programs. They understand how technology will transform the business world within no time and design courses that may help you stay at the forefront of tech transformation. They also provide a great platform for guided discussions, skills development, and networking.

Being a full-time working professional may not leave you with much time to learn new things and enhance your knowledge and skills. You may struggle a bit to find a program suited to your interests academically, professionally, socially, geographically, and schedule-wise. In such a scenario, specific, short-term, industry-relevant executive programs through instructor-led interactive LIVE online mode offered by various high-tech digital platforms may be a better option for you over a traditional executive MBA program. 

In this dynamic business world, learning never stops. Arm yourself with new capabilities and stay relevant.

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The extensive applications of blockchain today are  no longer limited to cryptocurrencies like Bitcoin or Ethereum or Ripple. We can see organizations building their blockchains for industrial and business purposes other than pure finance.  They say banking and finance is only the beginning. Blockchain technology has the potential to transform over 58 industries. 

“[Blockchain] is the biggest opportunity set we can think of over the next decade or so.” – 

Bob Greifeld, CEO, NASDAQ

The numbers have it…

According to CB Insights’ Market Sizing Tool, the annual spending on blockchain solutions will reach nearly $16B by 2023. The worldwide blockchain market is predicted to grow exponentially from US$3 billion in 2020 to US$39.7 billion by 2025, at a CAGR of 67.3%, according to the blockchain trends for 2021 and beyond. 

“Anything that can be conceived of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.” – Ginni Rometty, CEO IBM

Blockchain has been a game-changer in several other industries, like education, healthcare, supply chain, logistics, real estate, etc. As per the most recent information, the global Blockchain market is predicted to have a CAGR of 67.3%, reaching a value of US$39.7 billion between 2020 and 2025.

Blockchains operate through a decentralized platform requiring no central supervision, making them fraud resistant. 

Hence, today we see their adoption in businesses across industries ranging from infrastructure to public policy.  Let’s take a look at some of the top use cases that are likely to stay beyond 2021. 

Top 5 Blockchain Use Cases

To support rapid blockchain adoption, new regulations are being put into place by Governments worldwide. Ever since the financial sector employed blockchain, many organizations have been attracted to exploring its endless possibilities.  

Out of the several blockchain use cases, here are the top five. 

1. International payments: International payments and money transfers are made easier with blockchain since it provides a tamper-proof method to track sensitive activities. Banco Santander, for example, launched the very first blockchain-based money transfer service in April 2018. The service used blockchain to lessen the number of intermediary banks, allowing individuals and organizations to transfer money internationally more securely and efficiently.

2. Healthcare: The healthcare industry can often be vulnerable to cyber crime, which is where blockchain comes in. Blockchain allows data to be distributed safely between hospitals and clinics, increasing the effectiveness of treatments and making the diagnoses more accurate. A use case in this scenario was when an AI-based startup known as Hu-manity.co collaborated with IBM to develop an app to manage the data of personal patients effectively. The app enables the users to control both the access and the commercial use of their respective health records.

3. Voting: Blockchain helps in making voting both secure and accessible. A startup that used blockchain in this context is FollowMyVote, which is a transparent online voting platform. The eligible people receive a token that lets them vote just once, with every vote being stored as a node in the blockchain.

4. Media: In media, blockchain technology helps with reducing expenditure, eradicating fraud, and protecting IP rights, such as music records. Eluvio, which was launched in 2019, employs blockchain in a way that helps content producers with the management and distribution of premium video to consumers and business partners without the involvement of content delivery networks. MGM Studios have also approached the platform to stream globally for mobile, web, and TV Everywhere audiences of certain properties.

5. Food safety: The food industry uses blockchain to avoid issues such as infections and poisoning that can be caused because of spoiled food and beverages. Walmart and IBM partnered in 2018 with other food organizations to develop a blockchain-driven food traceability network that used open-source technology. The idea was to enable the retailers to track a product right from the starting point to the last step within just 2.2 seconds, a task that would otherwise take up to seven days.

Such rapid blockchain adoption across industries is creating massive opportunities for professionals and entrepreneurs. But there is a severe shortage of professionals with relevant expertise.

Building blockchain expertise
IIIT Hyderabad and TalentSprint’s Advanced Certification Program in Blockchain and Distributed Ledger Technologies is a uniquely designed interactive Live online program for professionals and entrepreneurs to build blockchain expertise and tap into massive opportunities that this space has to offer. This 6 months program brings you a hands-on learning experience through Faculty-led Interactive LIVE Sessions, Hackathons, Capstone Projects, Master Mentors and an exceptional peer group. What’s more? – you get certification from the prestigious IIIT Hyderabad, Ripple’s UBRI Blockchain Research CoE. 

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As the country embraces digitization in various aspects of life, the future of blockchain technology is promising. The recent spurt of online payment solutions like GPay, Paytm, etc. is a simple example. So let’s look at the future of blockchain technology in India.

While most people know blockchain as the backbone of the cryptocurrency Bitcoin, it is more than just that. This technology has the potential to radically transform business processes making them more transparent, secure, and efficient. While many industries are excited at the prospect of blockchain, it will be interesting to see how the Indian industries absorb this technology.

Blockchain in India: Current Scenario

Few of the early movers have been the FinTech companies. In India, the banking and insurance sectors have been the first off the block. Since it was known to power cryptocurrencies, it made sense for the Financial sector to be an early adopter. Some other sectors that have experimented with blockchain are public administration, healthcare, and logistics. The telecom, travel, and energy sectors are also expected to join the list soon.

While the early adopters have experienced the possible benefits of blockchain, they have also faced some challenges.

• Blockchain implementation is not similar to those of regular IT applications. Employees need to be made aware of the range of applications of this technology. Educating them is one of the biggest roadblocks.
• Once the employees are skilled up, the businesses need to identify processes and stakeholders for implementation
• Next, they need to find the right platform and vendors for testing the use-case scenario.
• They also needed to ensure the security and integrity of the data and look at future scalability.

With banking regulators like the Reserve Bank of India (RBI) creating a division to explore the applicability of blockchain to the Indian banking and financial system through the regulatory sandbox, the future seems promising.

Future of Blockchain in India

According to the NASSCOM Avasant India Blockchain Report 2019, around 50% of the States in India are involved in various initiatives and are driving the adoption of blockchain in the country. Also, while the BFSI sector is leading the growth, there are several opportunities in the retail, healthcare, manufacturing, and logistics sectors. Here are some important observations:

• The last few years have been about experimentation and identification of processes and use-cases across industries.
• While many Indian startups have been looking at blockchain technology for developing cost and time-efficient services, they are yet to tap into the global blockchain investment corpus.
• India, with its excellent client-enterprise relationship model, is uniquely positioned to become the biggest blockchain service provider in the world. The country needs to start investing in developing talent and make advancements in the process framework to make the best of this opportunity.
• Blockchain applications are being explored in the area of
  • Electronic voting system
  • Food safety
  • Medical records and patient data management
  • Reducing costs in logistics
  • Protecting organizational data from cybercriminals
  • Reducing paperwork in education and other sectors
  • Eliminating intermediaries in agriculture and retail

According to a Livemint report, the Indian Staffing Federation believes that blockchain is expected to create more than 30,000 jobs in 2020 alone. With merely 6500 qualified blockchain developers, these professionals are going to be in high demand in the near future. Education platforms like TalentSprint are helping fill this gap by offering Blockchain course in collaboration with IIIT Hyderabad Blockchain Center of Excellence.

Conclusion

Blockchain in India today is like what the internet was in the 1990s. While the internet brought information to our fingertips, blockchain technology has the potential to take it a step forward and induce ‘Value’ and ‘Trust’ on the internet. As the country absorbs the new technology, early adopters are bound to gain – be it businesses or professionals. India is one of the world’s youngest economies, and there are several challenges across sectors. However, going by the possibilities offered by blockchain, we expect a surge in its adoption soon. 

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Let’s find out the myths surrounding this disruptive innovation and bust them right away.

Myth #1: Blockchain, bitcoin, and distributed ledgers are all the same.

Fact: First, let us get the basics straight. Blockchain is a type of distributed ledger technology that is open and can record transactions between users involved. Each such transaction is encrypted and linked to the other, forming a chain of data. The encrypted transactions can only be accessed using a digital key. Blockchain architecture facilitates the distributed ledger ecosystem but not all distributed ledger architectures are called Blockchain. And Bitcoin is a cryptocurrency that uses the technology of Blockchain and not its substitute. Blockchain has been largely used to add value to managing cryptocurrencies, but its functionality is not limited to cryptocurrencies.

Myth # 2: Blockchain is only relevant to finance

Fact: Extending our understanding from the previous point, it would be wrong to say that Blockchain is only relevant to the financial ecosystem. Although it started with managing cryptocurrencies and many other functions in electronic transactions, Blockchain’s architecture has the potential to do a lot more. As we speak, Blockchain is already permeating into other industries like food, retail, healthcare, and even non-profit, and revolutionizing business functions across manufacturing, supply chain, sales, and marketing. Once the technology is perfected to yield the best output, it won’t be long before this transformative technology will reinvent every business operation and become an essential tool for growth and expansion.

Myth #3: Blockchain is a high-risk technology

Fact: Many people have a notion that Blockchain provides an open playground for illegal activities. But truth be told, so is the case with every possible technology that is available to us today. There is no failsafe option. But it would also be wrong to say that Blockchain is high-risk. The architecture is used for all legitimate and legal operations, like any other tech infrastructure. In fact, the way the data chain is designed in Blockchain, it makes it difficult for hackers to break through each chain, without leaving a footprint on the code. Also, on tampering with each data chain, it will only yield inaccurate data on the next. So, if we cut through the inner workings of this technology, it appears to be quite safe.

Myth # 4: Blockchain can solve every business problem

Fact: Business problems cannot be solved with miracles. It takes a solution-centric, strategic approach, the right tools of technology, and a comprehensive system that can support the solution. As such, there is no Kryptonite in technology that can miraculously solve every business problem, not even Blockchain. But what Blockchain can surely do is to become one of the tools for driving solutions. It can be used to address a particular business problem with positive returns. For instance, if you are struggling to restructure your accounting system, then this tech architecture might be of help and expedite your operations. But it will not solve the glitches in your accounting process or the software used.

Myth # 5: All blockchains are open

Fact: Yes, Blockchain does use the open-type distributed ledger system, but that is only one aspect of its functions. The open formats are used for cryptocurrencies, but many blockchain architectures run in a private mode and need permissions to access. Private blockchains are used for more sensitive business functions or more secure transactions that require access controls and selective authorization. Only those who have these permissions can access and share the data openly between them.

As vast and overwhelming it is, Blockchain is still exploring its complete potential for large-scale applications. And until it becomes pervasive enough, there’s bound to be questions surrounding its uncertainty. However, if one observes the current market trends, we can see developers, entrepreneurs, investors, and tech giants investing in harvesting the potential of Blockchain technology for driving the next phase of business growth. And the time is just about right for developers to equip themselves with a deep expertise to become proactive contributors to the growth of organization-wide Blockchain adoption.

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The Indian Institute of Management, Calcutta (IIM-C), in collaboration with TalentSprint, a digital platform for professional education, has come up with a new course targeting management and finance professionals, with the aim of equipping them with modern-age digital tools.

The 6-month programme, titled Advanced Programme in FinTech and Financial Blockchain, has a course fee of Rs 3.36 lakh. The course will commence in May and will be certified by IIM-C.

The programme helps participants learn about financial technologies and its increasingly disruptive impact on the banking and financial ecosystem. In addition, it will prepare them to exploit the immense potential of FinTech to design and drive new product strategies for their organisations.

“A vast majority of firms in the banking and financial sector believe that the lack of adequate FinTech talent is an existential threat to their future. Our FinTech programme, designed with today’s management and finance professionals in mind, will leverage the deep research and consulting expertise of IIM Calcutta faculty and our state-of-art Finance Lab,” Indranil Bose, one of the Programme Directors said.

IIM-C aims to have around 2000 learners of this programme in the coming few years.

With over 50 years of academic excellence, IIM Calcutta is the only management institution in India with triple accreditation from AACSB, AMBA and EQUIS and is highly regarded for its excellence in the financial education domain.

On the other hand, FinTech is attracting significant investments with over 1000 companies raising in excess of $100 billion in the recent past. The Ministry of Electronics and Information Technology reported a total of 2.45 billion digital payments in August 2018.

NASSCOM estimates Indian FinTech will double in size every three years while Gartner predicts that within a decade, 80 per cent of financial firms will lose their relevance because of the threats posed by new FinTech advancements, unforeseen competition, and altered customer preferences.

Sources –   Business Standard

 The Indian Express

 Yahoo! News

 Business Wire India

 Data Quest

 The Asian Age

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