Techie enthusiasts in India are eagerly monitoring the updates and blockchain info post the International Blockchain Congress held at Hyderabad. The maiden event received a wonderful response from developers and companies across India. The government indeed supports the idea of digital transformation but isn’t working with that pace to implement the encryption-based technique. There is a significant delay in the adoption and extending awareness to the young generation for pursuing the new age expertise.
According to The Hindu Business Line, Former Nasscom Chairman and Tech Mahindra Chief Executive Officer CP Gurnani stated that India is confronting a skilled resource in emerging verticals like blockchain. In addition to this, he stated that the present curriculum doesn’t allow learning much about the new age practices. Perhaps, we are outdated and there is a need for a change to embed more blockchain info in the mainstream.
While attending the event of International Blockchain Congress he noted that the current basic skills are not enough to match the trends of other upcoming technologies like blockchain. Clearly, this is not just the case with India there is a significant shortage of blockchain developers across the world. It is new and still evolving which needs a continuous update from time to time.
Certainly, MNC’s have foreseen the need have started in-house training and seminars to rope in more candidates.
Indian Blockchain Technology Market
The major IT companies have set sight on the upcoming opportunities of blockchain technology. It is estimated that the market will take a huge jump in the upcoming years which might cross $100 million. It has been already adopted by several South Asian countries within their banking systems which is very effective in monitoring transactions and also makes it theft proof. Indian banks have also collaborated with Ripple to implement a blockchain based system for a better remittance operation.
Stay tuned to OWLT for more blockchain info.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]