Sunday, 17 February 2019

One out of every 400 Indian developers can work on blockchain

Only one out of every 400 software developers in India can work on blockchain technology, which could potentially be the backbone of many large financial transactions in the country.
A research by outbound hiring startup Belong found out that “only 5000 of India’s estimated two million software developers are equipped to work on blockchain platforms”.

About 60% of these 5000 developers are working at IT and IT-enabled services companies. Others are spread across software product companies and financial services providers.

IT services companies such as Infosys, IBM and others are increasingly using blockchain technology for large-scale financial and non-financial transactions for their customers. At the same time, Indian government is currently exploring opportunities to bring more transparency in administration systems such as land records and registration systems.

At a time when companies across varied industries are looking to explore use of blockchain technology, they are facing challenges in finding right talent, said the Belong research report after a year-long observation.

Apart from the 5000 highly-skilled and 10000 developers with rudimentary skills in blockchain, according to the research, an additional 30,000 software developers are exposed to these skills in back-end technology roles and require extensive training and upskilling to be hired as a blockchain experts.

Bengaluru emerged as the top hub for blockchain developer talent followed by NCR, Mumbai, Hyderabad, Pune and Chennai.

“The demand for blockchain experts is only expected to grow,” said Rishabh Kaul, co-founder, Belong, adding that beyond cryptocurrencies blockchain is showing promises in industries such as manufacturing and distribution, virtual gaming, music.

source: Indian Times 
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