The trend of the blockchain is like a huge wave that can’t be stopped by the conservative parties. It is because many businesses in various industries have managed to attain the true perks of the decentralized system it offers.
Although it was launched only over a decade ago, the adoption of the technology has been rapidly increasing from one country to another. It solves many problems that a lot of entities have been struggling to overcome.
Initially introduced as the technology which backs the Bitcoin Network, the application of blockchain engineering has been more common than before.
The technology is widely used in various industries. And most of us probably had no idea that this tech could provide a solid foundation in other industries such as agriculture, supply chain, health care, insurance, retail, arts, and so on. Who knows what kind of surprises that this tech makes again in the future.
Since it is still new, it is open to a lot of job opportunities. If you are interested in blockchain in the engineering niche, it is time for you to know more about it.
What is Blockchain?
We can think of blockchain technology engineering as a database. But the difference here is that it is stored as public database records. Once the information is stored, it cannot be changed or modified. This permanent information is contained in a block.
In other words, each block contains different information which makes it unique. How if there’s any new information? Should we add it to that particular block?
No. The process is irreversible, remember? Therefore, the system will bear a new block where the new information will be stored there. Then the new block will be chained with the predecessor’s block, creating a chain of unique information that we call a blockchain.
The second difference that we’d like to highlight is the nature of the network. While the centralized system is private and processed by intermediaries, blockchain works the other way around. It is a private, and P2P – peer-to-peer network, which makes it more secure.
What is Blockchain used for?
Back then, blockchain only had things to do with financial transactions. But it is no longer the case anymore. Its applications can be used in many systems including smart contracts, banking, records, etc.
Blockchain is the one that backs the smart contracts, the ones that remove the human intermediaries from the transaction. So, it literally does not bring a human interaction in every transaction in the decentralized apps and system.
Blockchain software engineering has spread to many branches where the different industries can really use the features in the blockchain system.
How to learn Blockchain?
As mentioned, blockchain is still a new thing although it has been over a decade we are aware of it. But at the same time, its disrupting features have been beneficial for many parties across the globe.
It is a broad field. Therefore, learning from the basics is very important. And after you’ve covered all of the basics like blockchain engineering definition, you will want to decide the directions you will want to go with your knowledge.
There are many online courses available on the net. Focus on the courses that procure the lessons that you need. Choosing the most appropriate course might take time. But it is worth it.
Blockchain for Engineers
Blockchain technology engineering is a great subject for all learners. The engineering learners will start by covering the basics like what is blockchain engineering? Then also grab the information about the blockchain practices in the real world too.
As you learn the blockchain, you will see cryptocurrency more often than others. It is currently the most renowned application of blockchain technology. It has always been interesting to discuss cryptocurrency’s potential and opportunities.
Depending on the courses that you are taking, you will also learn about mining, transactions, smart contracts, development, apps, and so on. These materials are the best foundation that you want to comprehend to jump-start your career in the blockchain and its relevant applications in many industries. There is also the possibility that you can decide on which particular industry you want to implement your set of skills.
The experts will teach you through the online or offline course. It is up to you. But make sure you will get the certification, in the end, to help you with your CV.
Latest blockchain projects for engineering
A blockchain engineering blog suggests the latest blockchain projects for engineering. And here are what we found:
The smart contracts bound the involved parties in the agreements, enforcing them to meet with the demands. In many practices, the investors are oblivious about where their money goes. When there’s a contract that binds, the investors will be able to trace their money. They will know the progress without having to bang the door of the brokerage’s house.
Some ride-sharing services have been fortified by the blockchain. The drivers in the conventional ride-sharing services are too dependent on the provider, which slows down the process and increases the fees. If the drivers connect directly to their customers, it will be more reliable and cost-effective.
Genuine product verification
The last thing you want as a buyer is to purchase fake products from the market. Unfortunately, there are many dishonest sellers who are selling counterfeit items in the common marketplaces but claiming that theirs are real. Well, blockchain technology engineering can solve this matter.
Since the data stored in the block is reversible, no one can modify it. Once the manufacturer finishes the production, they can insert the unique bar code on the products. This information will be linked to the blockchain. The end-users can scan the barcode to confirm that the product they see is genuine.
Electronic Voting System
Many people have always had their doubts about Electronic voting machines. They are questioning if these machines are accurate and fair or not. The blockchain enters to solve the problem. Keep in mind that the data stored in the block cannot be changed or modified. So, when the voting is done, it is done.