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LinkedIn: Blockchain is a Top Skill for 2020

Did you know that blockchain is one of the most sought after hard-skills for 2020? So says employment-oriented service LinkedIn in its “most in-demand hard skills for 2020” report. The latter is just one more evidence that this modern technology is fast gaining adoption around the world. Moreover, it has become useful in just about any industry; hence, recruiters are constantly looking for talents in the space.

Blockchain Ranked as the Most Sought After Hard Skill for 2020

On January 9, 2020, LinkedIn revealed that Blockchain is the top hard skill employers need most in 2020. And if you’re wondering what a hard skill is, the company says it is an employee’s ability to perform a specific task. Also, hard skills are high in demand due to the advancements in modern technology.

Blockchain, on the other hand, came in the top, beating other niches that may have been a hot cake years ago. Some of these are cloud computing, analytical reasoning, artificial intelligence, UX design, Business analysis, amongst others. The same can be said about areas such as affiliate marketing, scientific research, and sales.

Blockchain’s Decentralization, Immutability, Spikes Demand for Skill

Interestingly, the surge in interest for blockchain talents was tied to the benefits offered by the distributed ledger technology. These benefits include decentralization, immutability, traceability, and transparency. Each of these features is beneficial to companies in the Educational, Agricultural, Tech, Oil, and other industries.

In the case of decentralization, no single entity has control over the blockchain and its stored data. As a consequence, decisions cannot be made to either manipulate data or even control how the system is used. This differs from traditional financial and governmental systems that are either controlled by the central bank or government.

Practical Uses Cases of the Blockchain and its Impact on Adoption

What’s more, the traceability advantage of blockchain has proved very useful in tracking a product’s supply chain. For instance, agricultural products can be traced from the farm to the processor, and to the final consumer. The same applies to jewelry with some consumers wanting to know if it violated any human rights laws or posed environmental concerns.

We’ve seen countries like Malaysia help in fishing out fake degree certificates with the blockchain, and copyrighted works protected using the blockchain. Blockchain-based voting systems have also been developed to bring about a free and fair election, while also offering speed.

This and many more have brought about a surge in the adoption of blockchain in the past year. Based on LinkedIn’s report, the same is going to be the case in the current year, since the distributed ledger technology has proven to be useful in more cases than one.

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