There are quite a few ways to use cryptocurrency to make money. Two of the most common are investing in cryptocurrency and mining currencies using specialized hardware and programs. However, there is a third route that can be lucrative. This third route involves developing and engineering blockchains, the technology that underlies cryptocurrencies themselves. Here are a few tips that can help you become a blockchain engineer.
Know what skills you’ll need
To begin with, you’ll need a strong foundation in software development or engineering, combined with a thorough understanding of the principles surrounding blockchain systems. More specifically, you will need to learn about microservice architectures and Docker containers.
Know what qualifications you’ll need
You don’t necessarily need formal paper qualifications to create blockchain technology. It is possible to just create them alone or as part of an informal team online. However, you will still need to show skills. The best way to show skills is to learn them. If you’ve got a background in computer science or engineering, you can build on this foundation by enrolling in courses that train you specifically in blockchain. Beyond this, as with all coding, it’s about getting practical, hands-on experience in back-end development and coding in multiple languages.
Know who is hiring
Blockchain is a fascinating technology with a lot of fringe or emerging applications that you can work on in your spare time or as a technical challenge. However, if you want to be a blockchain engineer as your full-time job, you’ll need to know what kind of companies or employers have current blockchain projects. Here are a few ideas for where to look.
Blockchain startups: The scope for blockchain engineering in startups is varied. It ranges from developing the building blocks of the technology (such as Ethereum and Eris) to specializing in business applications and attempting to create blockchain standards in the financial industry. Utility coins, non-currency blockchain coins that have value only within a certain company’s ecosystem, are being applied to a surprisingly wide range of sectors.
Established tech firms: Tech biggies like Microsoft and IBM have been developing products to back blockchain development with ‘blockchain-as-a-service’ tools. These products, once developed, become integrated into their existing cloud portfolios with a range of applications. The environment is corporate but the applications are varied. If you like the idea of learning on a team, this could be great for you.
Banks and private sector firms: Banks, as you might expect, have quite a few openings for blockchain engineers. This is because they seek to get out in front of blockchain technology and cryptocurrencies as a whole.
Government agencies: Recent reports also suggest that there’s considerable employment potential for blockchain engineers in government sectors. This is the result of governments trying to understand how to use blockchain technologies to benefit citizens.
How to start
Since blockchain engineering and development is a relatively young field, there is always plenty of employment scope for professionals with the right skills and experience. To get started, try a learning project, like experimenting with existing code and adapting it to accomplish a different aim, or trying to implement your own style of prevalent blockchain applications like Ethereum or Sidechains. Then put your developments and experiments out there, blog about them, and get yourself noticed.