As we have learnt, blockchain is distributed ledger-based technology. The data is shared across business networks. It is not possible to access or edit any data stored on blockchain unless there is consensus among all the participants in the network. It protects the data — the data is temper-proof and immutable.

There is huge demand for blockchain solutions worldwide. It is a niche technology. The blockchain solutions are used in banking, financial services and insurance (BFSI). In addition, these are used in pharma, e-governance, healthcare and farming.

In India, we have a formidable pool of 2 million software developers. However, just 5000 of them have blockchain skill-sets. In blockchain technology, the job titles are blockchain developer, blockchain consultant, blockchain crypto developer, crypto analyst, solution architect, research analyst etc.

There is a demand supply mismatch. The institutes have launched B. Tech in blockchain technology. IITs and IIITs too have come forward with blockchain courses. Private universities too have started B.Tech in blockchain. upGrad offers an executive programme in software development, with specialisation in blockchain. IIM, Nagpur has a PG certificate course in blockchain.