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Against the background of the developing cryptocurrency market and the intention of the Indian authorities to introduce the digital currency of the Central Bank, the number of applicants interested in working with the blockchain is growing.
Due to the demand for blockchain specialists in industries ranging from banking to legal and management, recruiters are looking for professionals with experience. Against this background, leading institutions in India are seeing a growing demand for customized blockchain courses, so education providers are expanding their offerings to the emerging industry.
On LinkedIn India alone, recruiters have posted over 11,000 blockchain-related jobs. The leading job portal naukri.com posted 110,629 job postings looking for blockchain developers in India. Following the labor market, applicants are looking for an opportunity to get a specialty in a promising field. Following private educational organizations, more and more public educational institutions in India offer courses on blockchain and cryptocurrencies.
One such government institution is the Indian Institute of Technology Kharagpur (IIT-KGP), which offers a 12-week blockchain course to applicants. IIT-KGP Associate Professor of Computer Science and Engineering Sandeep Chakraborty (Sagar Chatterjee) said that learning any technology is beneficial when it reaches its peak.
“In four to six years, we will have experienced and academically trained blockchain engineers, which we currently lack because this is a new technology and engineers do not have knowledge of blockchain in their academia.”
Chakraborty believes that interest among professionals and recruiters will continue in the next few years, especially in this country, as India looks to develop new blockchain-based technologies and systems.
Recently, a professor of economics and social sciences at the Indian Institute of Management in Bangalore (IIMB) stated that India needs to focus on blockchain development. Earlier, the Deputy Governor of the Reserve Bank of India, T. Rabi Sankar, called cryptocurrencies a fraud and said that the government should completely ban them. According to Deloitte, despite the uncertainty in the regulation of cryptocurrencies in the country, more than 50% of investors are ready to continue investing in cryptocurrencies.
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