By taking the time to learn blockchain technology, IT professionals can improve their skills for professional growth, but the benefits must be carefully weighed against the disadvantages.
It’s rare to find a tech event these days that doesn’t talk about blockchain. Supporters of this technology claim that with the help of the blockchain, almost all problems in the world can be solved. Well-known tech companies such as Oracle and Microsoft are participating in blockchain games. At the same time, other experts doubt that blockchain is anything more than a short-term fad. Is it worth spending time learning this technology?
This question cannot be answered unequivocally, but it is possible to reasonably assess the role of blockchain technology for the career of an IT specialist. In this article, I will give several arguments in favor of learning blockchain and list a number of reasons why this study can be a waste of time.
We will focus on the perspectives that are understandable to technical experts, such as how much blockchain actually represents an innovation in technical terms, and not on the economic, political and legal issues associated with the blockchain. There are many publications on these topics in other sources, but it is more difficult to find a deep technical assessment of the prospects and viability of the blockchain.
First of all, I will explain what should be understood by the study of blockchain technology. These are the technical skills required to develop, deploy, or manage applications that interact with the blockchain in some way.
At first, blockchain technology was associated exclusively with cryptocurrency, namely bitcoin, but since the birth of bitcoin ten years ago, it has gone through a gigantic path of development. Blockchain databases are currently being used in attempts to revolutionize everything from record-keeping in healthcare facilities to connecting the Internet of Things. It may even help stop the epidemic of opioid abuse in the United States and Canada.
Indeed, it makes more sense to think of blockchain in a broad sense as a new way of managing data, rather than as a type of financial solution.
Thus, by taking the time to learn about the blockchain and how it works, as well as mastering the logic of programming, such as smart contracts, you can significantly increase your chances of a successful career in various fields.
Check this video to learn what is blockchain in a very simple way
Blockchain is still a relatively new technology. How viable is it in the long run? Here are three reasons to give hope:
Pessimists may point to some technical flaws as arguments against learning about blockchain technology, such as:
So, we have listed three reasons why blockchain may have a great future, and three reasons why the technology can be considered technically imperfect and overvalued. What do you think?