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 became the talk of the town with the rise of cryptocurrency. Since then, this transformative technology has come a long way, citing its potential applications in fintech, logistics, healthcare, education, and even in legal tech.
According to a report published by the Bank for International Settlements (BIS) in January 2019, around 40 central banks worldwide might consider experimenting with Central Bank Digital Currency (CBDC). With the depth, extent, and progress of the same vary, it is safe to assume that we will see a surge in CBDCs over the next decade.
Blockchain experts have something of value to contribute anywhere and everywhere. Surveys by the popular social media platform, LinkedIn, reveals that Blockchain is the most in-demand hard skill across the globe.
“The small supply of professionals who have this skill are in high demand. “
~ The Skills Companies Need Most in 2020, LinkedIn