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Block chainjobs, business opportunities

Block chainjobs, business opportunities

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Block chain,a technology, which enable businesses to record transactions on a digital ledger which cannot be altered is creating jobs and business opportunities. This is because many international finance businesses are exploring the technology to protect their data. Many Nigerians are acquiring skills to enable them find jobs across the industry, Daniel Essiet reports.

According to experts, blockchain technology provides a way to continuously maintain and verify digital records in “blocks” that can be shared between various parties.

Also called “distributed ledger technology”, it means ledgers can be updated instantly in any number of locations. The information can never be erased.

High-profile institutions, such as the World Bank, United Nations Children’s Fund (UNICEF) and United States Agency for International Development (USAID), think it could be a force for good, helping the poorest of the poor

For instance, IBM, Microsoft and Accenture accounted for about half of $700 million in global revenues related to block chain, according to Oppenheimer analysts Shaul Eyal and Tanner Hoban.

As  emerging technology that transparently tracks transactions, the founder, Your Block chain project, Victor Alagbe said it has created job prospects.

According to him, demand for workers is rising:  and there are  a lot of opportunities  out there for those looking to get into the field.

Addressing a forum organised by Wennovation Hub in Lagos, the Founder, Your Block chainproject,said estimated $500billion block chain technology industry is capable of removing millions of Nigerians out of poverty.

He explained that the new technology is redefining the way people transact businesses, adding that it is changing the way people buy and sell, interact and verify the authenticity of everything from property titles to food.

According to him, the   openness of the internet with the security of cryptography is combining to make block chain the faster, safer way to verify key information and establish trust.

He said block chain jobs are increasing because the technology has been adopted by both start-ups and more established corporations.

He said companies and startups are looking for developers and architects in the field of block chain development.

As the technology matures, he said the demand for developers and other specialisations has increased. Apart from professionals from a tech or financial background, he said there are jobs for people with experience in marketing, public relations and operations.

Alagbe noted that block chain technology is here to stay; urging Nigerians to acquire skills that will enable them create actionable strategies for leveraging technology to provide solutions across a wide variety of brands, industries, and markets.

Co-Founder/Executive Director, Wennovation Hub, Wole Odetayo, said the firm emphasised the importance of job creation in all our programmes.

With a mission to inspire and empower entrepreneurs to solve their immediate socio-economic challenges by leveraging technology, resources and network collaboratively, he said the organisationis fostering innovation among the youth.

The post Block chainjobs, business opportunities appeared first on The Nation Nigeria.

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