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Top 12 Highest Paying Blockchain Jobs in India [A Complete Report]

Updated on 23 July, 2024

903.79K+ views
26 min read

Blockchain is an emerging job skill in the IT industry. Technological advancements are gradually bringing this distributed ledger technology to the mainstream. Things like the decentralized web, popularly called Web 3.0, are coming up to make people-powered internet a reality. 

Blockchain platforms have the potential to support trusted private transactions with data confidentiality. According to Gartner, these platforms would be scalable, interoperable by 2023, enabling smart contracts and cross-chain functionality across industries.

Blockchain-based jobs are obtaining great fame in the digital world. There are ample blockchain jobs in India that offer decent salaries to skilled blockchain developers. Since blockchain expertise is becoming one of the robust skills, many people are searching for suitable blockchain developer courses to effectively learn blockchain online.

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If you are aspiring for one of the best blockchain jobs in India, the salary package is not the only factor. Career growth, job security, and reputation make a career attractive.

Read on to know about the highest paying jobs in blockchain technology. If you want to know about the highest paying blockchain jobs, this article may help you. We listed the top 12 highest paying blockchain jobs in India. This list is updated and irrespective of your work level, beginner/entry-level or middle level, these will help you decide the direction you want to go in next.

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Laying the foundation

Before we delve into the different types of occupations, let us first describe blockchain technology. The pointers below break down the concept in simple terms. 

  • It is a series of immutable records, which are time-stamped and shareable.
  • The data is not owned by a single entity but managed by a cluster of computers. 
  • Each data block is bound to other blocks with cryptographic principles, i.e., chains.
  • The ledger is open, and everyone is accountable for their actions.
  • Although an infrastructure cost may be involved, there is no transaction cost.

Therefore, a blockchain network is a decentralized, secure, and democratic system. It allows you to create accounts, transact, transfer, check balances, pass information, etc. 

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Our Learners also read: Career in Blockchain!

Highest Paying Blockchain Jobs in India

1. Software Engineer

These professionals are programming specialists having a background in computer science, software design, or similar technical education in the sciences. Blockchain software engineers are generally employed in areas like smart contracts and banking. To enter the workforce, you would require a working knowledge of Solidity, cloud technologies, and database management. In addition to being one of the highest paying blockchain jobs in India, it is also a fast-paced one.

Salary:

Average software engineer salary in India is ₹517,126.

Top employers hiring software engineers in India:

Source

2. Product Manager

As a product manager, you are employed in development, coding, and distribution roles. And your two primary duties are to lead time-sensitive projects and to manage the development budget. You need not have a programming background, but basic knowledge of coding languages and software would be helpful. The excessive & growing demand makes product managers land on one of the highest salary blockchain jobs in India

Besides, coordination tasks would lie at the heart of guaranteeing product release within the schedule and budget. So, management skills are also necessary. Typically, employers prefer engineering graduates with an MBA degree who have prior exposure to the relevant industry (media and advertising, finance, digital currencies, and so on). It has always been one of the best blockchain jobs in India, and dealing with money – yours and others – is the stuff of dreams.

Salary:

Average product manager salary in India is ₹1,677,971.

Top employers hiring product managers in India:

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3. Risk Analyst

One of the highest paying blockchain jobs worldwide, Risk analysts are concerned with achieving consistency with local and government laws. They usually work in the finance domain or with government enterprises. Besides assessing risks, they assist in programming, product improvement, information analytics, and project documentation.

The required training differs as per the job specifications. Excel proficiency, business sense, and extensive research experience are of the desired qualifications. The demand and salary for risk analyst making it one of the highest paying blockchain jobs in India.

Usually, risk analysts work in the finance domain or with government bodies. They are responsible for obtaining consistency with government and local laws. In addition to evaluating risks, they streamline tasks like product improvement, programming, project documentation, and information analytics. Their versatility is one of the key reasons behind their admirable blockchain analyst salary. Also, the demand for risk analysts makes it one of the highest-paying jobs in India, with a well-paying blockchain analyst salary.

Also read, blockchain career and its future scope

Salary:

Average risk analyst salary in India is ₹512,950.

Top employers hiring risk analysts in India:

Source

4. Tech Architect

As one of the highest paying blockchain jobs, you should generally possess a specialized technical aptitude to introduce blockchain products. This is a precondition for participating in discussions and coordinating project efforts. You would have to utilize your communication prowess to act as an intermediary between the organization and clients. 

Now, let us move on to the training aspect. A software engineering degree can help you gain the coding knowledge required for creating applications. It can also offer you an edge in relevant spheres, such as cloud and web-based services. If you want to brush up your organizational and managerial skills, you can also consider obtaining advanced certifications, such as a specialized PG Diploma or an MBA. 

Salary:

Average technical architect salary in India is ₹1,842,986.

Top employers hiring technical architects in India:

Source

5. Analyst Relations Manager

It is the job of a relations manager to establish the company’s brand image and raise awareness about its innovations in the marketplace. Such external representation can take the form of media interactions, public relations, newcasting, and so on. Moreover, the internal teams should know about the technologies and their benefits to exude a positive view of the organization. The excessive & growing demand makes analyst relations manager land on one of the highest blockchain salary jobs in India

The relations manager should be well-aware of all the intricacies of the technology. Such understanding is critical to dealing with any technical questions and addressing the queries of non-tech stakeholders. 

An analyst relations manager is responsible for improving a company’s brand reputation and focusing on issues that hamper development. Generally, these professionals are tasked with newscasting, public relations, and media collaborations. The operational teams working under the supervision of a relations manager should be familiar with the advancements and their benefits to impact the association positively.

These professionals must be aware of various technology complexities. This knowledge helps them handle any specific inquiries and resolve non-tech partners’ concerns.

It is a demanding blockchain career because analyst relations managers are offered admirable salaries based on their skills and experience.

6. Business Analyst

This job is all about examining the viability of innovations and upgradations. A large portion of the work of business analysts is to evaluate technologies. To do this, they have to monitor market trends, discover patterns, and make several decisions regarding the brand positioning. It is one of the highest paying blockchain jobs in the market today.

They figure out what kind of products would appeal to the audience and utilize their coding, statistical, and analytical know-how to facilitate effective customer-facing services. 

A business analyst’s role is crucial in any project team. They work as the major interface between the project manager and the users. They collect information, document processes, and validate the documents with users.

If you aim to embark on a blockchain career as a business analyst, you must be aware of their key responsibilities as below:

  • Assessing business processes and requirements, discovering areas for improvement, and implementing solutions.
  • Supervising ongoing reviews of business processes and creating optimization strategies.
  • Staying updated on the latest process and IT developments to modernize and automate systems.
  • Conducting presentations and meetings to share ideas and discoveries.
  • Conducting requirements analysis.
  • Effectively communicating plans and insights to cross-functional team members and the management team.
  • Collecting critical information from meetings with different stakeholders and generating valuable reports.

Salary:

Average business analyst salary in India: ₹607,209.

Top employers hiring business analysts in India:

Source

7. Crypto Community Manager

These professionals play a significant role in marketing and client interactions. They work as the network administrators who track and present engagement statistics over all channels, including Net and social media. Such tasks require deep comprehension of the project fundamentals, especially when it comes to handling client queries.

Educational requirements for this role are typically not rigid. Nowadays, many startups hire freshers who can learn about blockchain essentials and grow with the organization. If you are looking for practical exposure, small organizations can provide a suitable environment for building your capabilities. 

Crypto community managers engage and communicate with the marketing team and customers. Their key role is to present interaction statistics on the Internet, social media, and other platforms. These tasks need a deep understanding of the project fundamentals, specifically customer concerns. They work as network administrators by tracking and presenting engagement statistics. Small-scale organizations can offer a suitable environment for various blockchain job opportunities with decent salaries.

Usually, the educational requirements are not so rigid for this job role. Currently, several start-ups recruit freshers who can know blockchain essentials. Small-scale organizations can offer a suitable environment to expand your capabilities if you are hunting for practical exposure.

8. Front End Engineer

It is the front-end of any website or application that appeals to your customer or clients. Whether it is an established multinational or a startup, the User Interface or UI should facilitate excellent interaction. A diverse range of options is available in terms of sector preference for blockchain web designers, from medical services to credit and finance. 

As a blockchain front-end engineer or designer, your job would be to conceive and develop original UI ideas for mobile and web applications. You would use software like Sketch, Figma, and PS to perform your job duties. Besides being proficient in UX/UI design, good communication skills are central to working with content, marketing, and operational teams for front-end development.

Front-end engineers design, build and execute the user interface systems of software programs, websites, and web-based applications. One of their key objectives is to offer a pleasing user experience with zero errors, downtime, and issues. In addition to creating and optimizing systems, they test and troubleshoot too. Moreover, they can resolve issues related to browser compatibility and accessibility.

Usually, they serve as an intermediary between the backend developers and the users. There are great blockchain job opportunities for deserving candidates who can use relevant tools and platforms to acclimatize to real-world use cases.

Source:

Average front end developer salary in India is ₹488,096.

Top employers hiring front end developers in India:

Source

9. Legal Consultant

As blockchain technology is coming under more regulatory scrutiny, companies need legal counsel in the initial stages. As a legal consultant, you would be responsible for guiding them on how to structure and govern their coin offerings. Additionally, you would oversee legal partnerships and contracts related to blockchain. 

Blockchain legal consultants provide advice to bodies associated with product launches, crypto projects, etc. They handle the legal contracts by explaining to them the terms and conditions. They ensure their clients are fulfilling the regulatory guidelines of their native nation.

Their job requirements include a detailed understanding of the legal infrastructure in the blockchain industry. They may work with a country’s regulatory framework related to crypto and finance. Moreover, they are knowledgeable about smart contracts. Blockchain legal consultants with these skills can access some of the best blockchain jobs in India. Web3 education is crucial because the Web3 industry continues to develop quickly.

Here are the eligibility requirements to become a Blockchain legal consultant:

  • A certified degree in law from an acknowledged institute.
  • Deep knowledge of tokens and trading to ensure the clients’ token operations are supported through legal documents.
  • Ability to prepare commercial agreements adhering to the country’s legislation.
  • How to use blockchain to leverage the technology without legal implications safely.
  • In-depth knowledge of smart contracts.

Various professional courses and training are available to develop the skills required for landing a career as a blockchain legal consultant. These courses and training prepare them to handle future challenging roles in their organization.

Smart contracts are excellent automation tools that can be executed on previously agreed terms. And businesses slowly realize the benefits of leveraging this emerging technology to their advantage. The excessive & growing demand makes legal consultants land on one of the highest salary blockchain jobs in India. With this perspective, an attorney may connect the crypto ecosystem with the current financial structure by providing the following services:

  • Drafting legal agreements
  • Conducting negotiations
  • Performing due diligence
  • Supporting activities of mergers, acquisitions, etc.

Salary:

Average legal advisor salary in India is ₹586,161.

How legal advisor salary increases over experience:

Source

10. Blockchain Project Manager

This occupation is concerned with executing successful blockchain projects in any organization. Blockchain project managers are hired to convert the company needs into technical knowledge. They plan, supervise, and implement projects to realize specific goals. When a business is thinking about introducing blockchain, it is the in-house project manager facilitating the adaptation of the existing technology platforms to cater to the required changes. 

Blockchain Project Managers oversee the Blockchain project team. They are responsible for the organization’s blockchain database systems, processing systems, and cyber currency controls. Other responsibilities include processing security, overseeing cyber currency management systems, resource monitoring, reporting, and developing specialized programs.

These professionals coordinate blockchain processing software issues with other IT companies, including operations and applications.

Database systems and blockchain processing are crucial in any enterprise’s systems.  These systems should offer excellent reliability and performance. The blockchain project manager role is one of the challenging blockchain jobs in India because they are tasked to supervise the blockchain processing activities and ascertain that the systems perform at peak efficiency.

11. Blockchain Developer

If you pursue a career in blockchain development, several industries are open to you. These include financial services, government departments, and tech companies, all seeking talented developers to offer better services. It would be best to brush up the following skills before you venture into this field:

  • Microsoft SQL Server
  • MySQL
  • .NET
  • AJAX
  • Visual Studio
  • Javascript
  • JQuery
  • Node.js
  • REST
  • Neural networks
  • Regression
  • Agile Scrum
  • C++, C#, HTML, XML, etc.

Blockchain developers facilitate safe digital transactions by developing systems to record and save blockchain data such that it avoids data hacks or modifications. They develop secure blockchain technologies, application features, and interfaces. Furthermore, they maintain client- and server-side applications.

It is one of those blockchain technology jobs in India that demands great attention to detail. This is because blockchain developers need to collaborate with managers to discover blockchain technology needs and expected functionalities. Moreover, they write multi-threaded codes and use programming languages to create application features and interfaces.

12. Blockchain Quality Engineer

As the title suggests, a quality engineer ensures the quality of blockchain development and maintains adequate support for web, mobile, and platform engineering. These tasks cover all areas of automation frameworks, manual testing, and dashboards.

Blockchain quality engineers ensure that all blockchain spaces and their improvements are of top-notch quality. Their key roles include handling manual testing, automation systems, and dashboards. They check whether the developed application has any glitches or issues. If any bugs are detected, the blockchain quality engineers should address them to the relevant segment of the organization. Subsequently, they guarantee that the final product is devoid of any glitches.

A broad understanding of blockchain platforms’ framework is essential to land one of the well-paying blockchain technology jobs in India. Moreover, critical thinking and reasoning skills are significant to further excel in a career as a blockchain quality engineer.

It has always been one of the best blockchain jobs in India, and dealing with money – yours and others – is the stuff of dreams. Employers give weightage to candidates with engineering and MBA degrees. Here are the main responsibilities include of blockchain quality engineers are:

  • Conducting research and advising on blockchain tools
  • Developing quality assurance or QA automated test standards 
  • Devising strategy for load performance tests
  • Writing and implementing a test automation strategy

13. Blockchain UX/UI Designer

Blockchain UX/UI Designers are among the top highest-paying jobs in blockchain technology for several reasons. Their specialized skill set is in high demand as they must navigate the complexities of blockchain technology while adhering to user experience design principles. As the blockchain industry continues to expand across various sectors, the need for skilled professionals, including UX/UI Designers, has risen significantly. 

User experience is highly important as the success of blockchain applications hinges on intuitive and user-friendly interfaces. Blockchain UX/UI Designers play a crucial role in making blockchain technology easy for people to use. Their responsibilities include understanding how blockchain works, researching what users need, and designing interfaces that are simple and user-friendly. They create visual designs, test them with real users, and work closely with developers to bring their designs to life. 

Security is also a priority, ensuring that users’ information stays safe. Designers stay updated on the latest trends and document their decisions to collaborate effectively with the rest of the team. Overall, their goal is to make complex blockchain applications accessible and enjoyable for everyone.

Most importantly, the scarcity of talent proficient in both blockchain and UX/UI design contributes to the elevated demand and higher salaries. With blockchain technology not inherently user-friendly, companies recognize this as one of the highest paying blockchain jobs in India.

14. Blockchain Data Scientist

Blockchain data scientists are responsible for analyzing and interpreting data generated by blockchain networks to derive insights and inform business decisions. This role falls under the top highest-paying blockchain technology jobs due to their unique and specialized skill set that combines expertise in data science with a deep understanding of blockchain technology. 

The complexity of blockchain data, including vast amounts of transaction and smart contract data, requires advanced data science skills to analyze and extract meaningful insights. These professionals play a critical role in decision-making, providing actionable intelligence that informs strategic decisions, enhances network performance, and contributes to the success of blockchain projects. The increasing adoption of blockchain technology across various industries amplifies the demand for skilled data scientists who can optimize implementations. 

Among a myriad of high-paying blockchain technology job opportunities, this role stands out especially because it makes a huge impact on risk mitigation, security enhancement, and regulatory compliance. 

15. Blockchain Integration Specialist

A Blockchain Integration Specialist is a professional responsible for seamlessly incorporating blockchain technology into existing systems and applications. Their role involves understanding the intricacies of blockchain and ensuring its smooth integration with various platforms, databases, and business processes.

This position ranks towards the top roles that offer lucrative career opportunities in blockchain for several reasons. The expertise required to integrate blockchain with legacy systems is specialized and in demand. Companies often face challenges when incorporating this decentralized technology into their established infrastructure, requiring skilled professionals to navigate and implement solutions. 

Secondly, the high demand for blockchain integration is driven by the growing adoption of blockchain across industries, including finance, supply chain, healthcare, and more. As companies strive to leverage the benefits of blockchain, the need for specialists who can seamlessly integrate this technology into existing frameworks becomes critical. 

The complexity of ensuring interoperability between blockchain and legacy systems, along with the strategic importance of successful integration, makes Blockchain Integration Specialists highly valued in the job market. 

Most importantly, the potential impact on organizational efficiency, security, and innovation that blockchain integration specialists make on a company makes this role one of the highest paying jobs in blockchain technology.

16. Decentralized Application (DApp) Developer

A Decentralized Application (DApp) Developer specializes in creating applications that operate on blockchain networks, using the capabilities of smart contracts. Their role involves coding, testing, and deploying these decentralized applications, ensuring they interact seamlessly with the underlying blockchain infrastructure. 

DApp Developers are considered among the top highest-paying blockchain developer jobs for several compelling reasons. As businesses explore blockchain solutions, the need for developers who can create innovative and efficient decentralized applications becomes paramount. More importantly, the complexity of developing on a decentralized platform, where trustless transactions and smart contract functionalities are essential, requires a specialized skill set. 

DApp Developers must possess a deep understanding of blockchain protocols, smart contract languages, and security considerations, making their expertise both valuable and sought after. Thirdly, the scarcity of professionals with hands-on experience in DApp development contributes to the competitive salaries in this field. 

As the industry matures, the demand for skilled developers outpaces the available talent pool, prompting companies to offer higher compensation to attract and retain top-tier DApp development talent. Moreover, the strategic importance of decentralized applications in transforming business processes, enhancing security, and providing transparency further justifies the premium associated with DApp Developer roles. 

17. Cryptocurrency Analyst

Cryptocurrency Analysts are among the highest-paid blockchain developer jobs for freshers because they play a crucial role in helping investors and financial institutions navigate the unpredictable cryptocurrency market.

The fast-paced changes in the crypto world make their expertise valuable, as investors rely on them to interpret trends and identify opportunities. The global interest in cryptocurrencies has surged, increasing the demand for analysts who can navigate the complexities of this market beyond traditional financial analysis. The scarcity of individuals with a deep understanding of both blockchain technology and finance adds to their high pay. Cryptocurrency Analysts need unique skills to provide accurate analyses.

Their decisions significantly impact investment portfolios, and as crypto adoption grows globally, their insights are vital for shaping investment strategies, justifying the premium salaries for this role. In essence, the combination of the dynamic crypto market, rising demand for specialized skills, scarcity of dual expertise, and the impactful nature of their insights contributes to Cryptocurrency Analysts being among the top highest-paying blockchain jobs in India.

18. Blockchain Compliance Officer

A Blockchain Compliance Officer is considered one of the blockchain developer fresher jobs because many companies have hih demands for experts in this role. Due to the critical role they play in ensuring that blockchain projects comply with ever-evolving regulations and legal requirements.

The complexity of the regulatory environment in the blockchain industry, coupled with the scarcity of individuals possessing both blockchain technology and compliance expertise, justifies the higher compensation. Their unique skill set is essential for bridging the gap between technology and legal requirements.

The strategic importance of compliance for the success and reputation of blockchain projects further contributes to the elevated salaries for professionals in this role. As the blockchain industry matures, the demand for skilled Compliance Officers continues to rise, solidifying their position as one of the top highest-paying blockchain jobs in the country.

19. Smart Contract Developer

A Smart Contract Developer is highly important because of their involvement in smart contracts in blockchain technology. The demand for these developers is driven by the increasing adoption of blockchain across industries, where businesses seek experts to automate complex processes through secure and efficient smart contracts.

The specialized skills required, including a deep understanding of blockchain protocols and coding languages, contribute to the scarcity of qualified developers. The potential risks associated with coding errors in smart contracts enhance the value of experienced developers, justifying the higher compensation for this role in the competitive job market.

20. Blockchain Security Specialist

A Blockchain Security Specialist is a professional who concentrates on ensuring the security of blockchain networks by identifying and addressing vulnerabilities while implementing security best practices. This role is considered one of the top blockchain jobs offering a high blockchain engineer salary.

As blockchain technology becomes increasingly integrated into various industries, the need for robust security measures is paramount. Blockchain Security Specialists are instrumental in safeguarding sensitive data, transactions, and smart contracts from potential threats, making their expertise highly valued.

More importantly, the complexity of blockchain networks, coupled with the evolving nature of cyber threats, requires a specialized skill set. Blockchain Security Specialists must possess an in-depth understanding of both blockchain technology and cybersecurity principles. This dual expertise is relatively rare, contributing to the scarcity of qualified professionals and justifying the higher compensation for their services.

The critical role played by security in the success and adoption of blockchain technology further enhances the value of Blockchain Security Specialists. Security breaches can have severe consequences, including financial losses and damage to an organization’s reputation. Companies recognize the importance of having skilled specialists to proactively address security concerns, contributing to the higher salaries associated with this role.

The must-have skills for a blockchain career

The scope for blockchain is limitless in the current global context. So, it is no surprise that the highest paying blockchain jobs in India show inclination towards individuals who continuously update their skill sets. Your critical thinking abilities, married with awareness about the latest market trends, can set you apart from the crowd.

If you are interested in blockchain technologies, you can prepare to get on the bandwagon with the essential toolkit summarized below.

  • Solidity, Ethereum, Hyperledger, Ripple
  • Mathematical proficiency with a basic understanding of algorithms 
  • Knowledge of C, C++, Python, Java languages
  • Command over blockchain development tools – for example, Geth, Mist, Parity, Remix, Solium, BaaS, Truffle, among others) 
  • Acquaintance with DevOps tools (Jenkins, Selenium, TravisCI, etc.)
  • Experience of cloud creation using Node.js, REST tools, web apps
  • Interacting with stakeholders having different backgrounds and perspectives
  • Exposure to Fintech technologies, cryptography, information science, and open source (OSS programming)

Most companies hire blockchain practitioners who hold at least a bachelor’s degree in Mathematics or Computer Science. Implementation of open-source projects and a relevant postgraduate degree can set you apart in the job market. All in all, you need a technical background coupled with the curiosity to learn and explore more.

Blockchain Jobs Salary

As per the leading job search sites, blockchain-related openings come with an average pay package of Rs 8 lakh per annum. Blockchain developers can make anywhere from Rs 5 LPA to Rs 30 LPA. And professionals with three years of work experience can earn as high as Rs 45 LPA. For top seniority positions, the BFSI sector in India employs individuals who have demonstrated skills in security operations at salaries of Rs 4 crore a year. 

Source

IBM, Visa, Microsoft, and Deloitte Consulting LLP are among the top recruiters who hire blockchain experts in mid to senior-level roles. When it comes to remuneration, the geography of the job matters a lot. For instance, there is a considerable difference between what a blockchain developer or specialist makes in Asia vis-a-vis in Europe, UK, or Asia. So, let us now see how the pay range varies according to location.

  • Asia: $87,500 p.a. 
  • Europe: $73,300 p.a.
  • UK: $90,000 p.a. (Startups pay between $50k and $60k a year)
  • US: 136,000

Besides full-time jobs, the remote and freelance markets are also abuzz with blockchain prospects. Employers publish several new posts on online freelancing platforms every day. According to an Upwork report, blockchain is on track to become the cloud of the 21st century. The average rate of pay for individuals in this space can range from $65 per hour to $250 per hour, depending upon the experience level and the type of assignment. 

A stepwise guide for breaking into blockchain

If you are just beginning to explore blockchain technologies, you can structure your learning process in the following way:

  • Gain essential comprehension of blockchain: Set the foundation by answering some basic questions, viz. If there is no centralized arrangement, what comprises the blocks and chains? How do you reach a consensus?
  • Acquire knowledge of cryptocurrencies: Find out existing use cases of blockchain applications and get familiar with how cryptographic money functions. Additionally, you can delve into digital currency infographics. 
  • Build your business acumen: Think about how blockchain can be utilized to drive business goals. Spend some time grasping how different teams and departments can work together and adapt to this new technology. If you would better social and people management skills for your job, explore learning avenues that meet those needs.
  • Learn new programming languages: Java and HTML are the bare minimum requirements. Try your hand at some modern programming languages to become a successful professional in the blockchain space.
  • Become an engineering expert: Perform methodical work to acquire advanced education in blockchain and application development spheres. Work out how diverse organizations adjust to different business situations and adapt via technological solutions.
  • Understanding of blockchain applications: Do some research on how blockchain is rearranging existing business operations and how innovations are working in synergy with other technologies to achieve scaling and profitability.
  • Augment your profile with hands-on experience: Take up a blockchain internship or an entry-level position in a startup to identify your interest areas while learning on the job.
  • Enrol in a specialized program: If you have already completed your undergrad degree and have worked in a technical field for a few years, you can opt for a postgraduate course in blockchain technology management. If you want to remain in your job while studying, consider the online executive options on upGrad. 

The key takeaways 

According to a Burning Glass Technologies study, the current demand for candidates with engineering and mathematical aptitudes surpasses the supply by 17%. And when it comes to blockchain, there is again a supply gap in the tech industry. The sooner you enter this field and master new skills, the better it would be for you to advance to positions with higher responsibility and pay.

These are the top 12 highest paying blockchain jobs in India. Blockchain is shaping the industry as we know it. In this article, we described the responsibilities and salary range of some of the highest paying jobs in blockchain.

Finally, we looked at some of the leading blockchain recruiters around the world and concluded with a systematic plan to help you prepare for a career in network technologies.

Frequently Asked Questions (FAQs)

1. What are the best resources for finding blockchain jobs?

There are a few places where you can look for blockchain jobs. One option is to look at employment boards like Indeed, which offers a lot of blockchain job openings. Another option is to go on LinkedIn, which provides a number of blockchain job openings. Finally, another option is to conduct a search for blockchain companies and then personally contact them to inquire about any open employment. You can also search for blockchain firms and then contact them directly to inquire about any job openings. Social media sites like Twitter and Reddit are also good places to look for blockchain jobs.

2. What are some of the biggest challenges faced by people working in the blockchain industry?

People working in the blockchain industry face several significant hurdles. One issue is a lack of standardization, which can make developing applications and businesses that interact with many blockchains difficult. Another issue is a lack of regulatory clarity, which can make launching new products and services challenging. Finally, people must be educated about blockchain technology and its potential applications.

3. Why is the blockchain industry growing so fast?

Because it has the potential to alter the way the world does business, the blockchain industry is rapidly expanding. The blockchain is a decentralized database that enables parties to transact without the use of a middleman. This might lower the cost of doing business and speed up transactions significantly. It may also aid in the development of greater trust between parties. Similarly, the blockchain might be utilized to build new public-private or private-private blockchain networks that are more efficient. Finally, blockchain is a brand-new and innovative technology that is still in its infancy, which has sparked a lot of attention and excitement.

4. Is blockchain a high paying job?

Yes, blockchain jobs are generally high-paying due to the specialized skills required and the growing demand for blockchain technology across various industries. Professionals in blockchain roles often earn significantly higher salaries compared to traditional IT roles, reflecting the niche expertise and innovation they bring to the table.

5. What is the salary of TCS blockchain developer?

The salary of a blockchain developer at Tata Consultancy Services (TCS) typically ranges from ₹6,00,000 to ₹12,00,000 per year, depending on experience and location. According to Glassdoor, this range reflects entry to mid-level positions in the company.

6. What is the salary of IBM blockchain developer?

The average salary for an IBM Blockchain Developer in India is approximately ₹11.7 lakhs per year, with a range typically between ₹5 lakhs and ₹19.8 lakhs per year.

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5.4K+

What is Blockchain Technology? [Explained]

If ‘Blockchain’ is the word you’re hearing a tad too much nowadays, then by now you must have understood that the latest hype behind Blockchain technology is real. Blockchain has emerged as one of the hottest buzzwords of the tech world today. In fact, in just the past one year, there’s been a 250% increase in the Google search requests for the word ‘Blockchain.’ Companies and organizations around the world are embracing this pioneering technology to shape and enhance their business operations. Learn Software Development Courses from the World’s top Universities. Earn Executive PG Programs, Advanced Certificate Programs or Masters Programs to fast-track your career. Check out our free courses to get an edge over the competition   But, let’s move over this hype for a sec, and focus on the question – What is Blockchain? What is Blockchain? The brainchild of Satoshi Nakamoto, Blockchain came to the spotlight in 2009 with its first major application – Bitcoin. While Bitcoin is a cryptocurrency, Blockchain is the technology that resides at its core. In simple words, Blockchain is an open-source, distributed ledger capable of recording and storing information (primarily financial transactions) which is then secured by unique cryptographical designs. As the name suggests, the Blockchain infrastructure is made up of numerous ‘blocks,’ each of which contains the transaction data, a timestamp, and the link (cryptographic hash) to the preceding block. 7 ways Blockchain is Revolutionizing the Automotive Industry This unique and innovative design makes Blockchain a safe space for data – the data cannot be deleted, modified, manipulated, or misused in any way. Another crucial aspect of Blockchain technology is that it is consensus-oriented which further reduces the possibility of data being manipulated or misused. Its design is such that a large number of computers (nodes) are connected over a network. So, every time one wishes to add a transaction to a blockchain, he/she must solve a mathematical test, the results of which are shared with all the machines connected to the network. Only when every computer on the network mutually agrees on the result can the user add transactions to the chain. Furthermore, in Blockchain, data is never stored in one particular location, thereby, making it harder for cybercriminals to access it. Blockchain is, thus, the first technology that facilitates the transfer of digital ownership in a decentralized manner. These features are what make Blockchain so appealing to the magnates of the tech world. Now that we’ve answered what is Blockchain, arises the question – How to become a Blockchain expert? Check out upGrad’s Advanced Certification in DevOps Explore Our Software Development Free Courses Fundamentals of Cloud Computing JavaScript Basics from the scratch Data Structures and Algorithms Blockchain Technology React for Beginners Core Java Basics Java Node.js for Beginners Advanced JavaScript How To Become A Blockchain Expert? As more and more companies and institutions adopt the Blockchain technology, the demand for skilled and qualified Blockchain professionals is also escalating rapidly. Bloomberg maintains that in 2017 itself, the number of Blockchain related job postings increased by four times on LinkedIn. So, there’s never been a better time to launch a successful career in Blockchain! However, to become a Blockchain Expert, you must first develop the skill set required for this technology. Check out upGrad’s Full Stack Development Bootcamp (JS/MERN)  upGrad’s Exclusive Software Development Webinar for you – SAAS Business – What is So Different? document.createElement('video'); https://cdn.upgrad.com/blog/mausmi-ambastha.mp4   Get Acquainted With Blockchain Architecture When working with Blockchain technology, it is needless to say that, you must possess a thorough understanding of Blockchain and its innate architecture. This means that you must be well-versed with Blockchain concepts like cryptography, cryptographic hash functions, distributed ledger technology, consensus, decentralized consensus, smart contracts, and trusted computing, to name a few. This first step is crucial to building a strong foundational knowledge in Blockchain technology. Applications of Blockchain in Healthcare To get an in-depth understanding of the working of Blockchain, you can read this whitepaper on Bitcoin. Explore our Popular Software Engineering Courses Master of Science in Computer Science from LJMU & IIITB Caltech CTME Cybersecurity Certificate Program Full Stack Development Bootcamp PG Program in Blockchain Executive PG Program in Full Stack Development View All our Courses Below Software Engineering Courses Learn How Cryptocurrency Works Since Blockchain’s star application is cryptocurrency (Bitcoin), you must know how the system works. There are numerous platforms such as Coinbase and Coinmama where you can learn how to handle cryptocurrency and digital transactions. All you need to do is to register on any of these platforms (choose one that is accessible in your country) and purchase coins. Take baby steps and start by purchasing a few coins first. Build your portfolio as you go. Since your primary focus here is to learn the process, you do not need to buy a lump sum amount of coins. For small transactions, online wallets are the best choice. As you continue to make purchases using your wallet, the idea of how digital financial transactions are conducted using cryptocurrencies will gradually become clear to you. Data Structures and Cryptography Just as data structures are an integral part of coding, so it is also a fundamental aspect of Blockchain technology. As a matter of fact, Blockchain uses a combination of data structures and cryptography to create a secure and robust environment for data. Thus, to become a Blockchain expert you must build a solid grasp on data structures and cryptographic designs and functions including hash functions like MD5, CRC32, and SHA1. Web Development Web development is a pivotal aspect of Blockchain technology. In fact, Blockchain developers and experts often begin their career with building and designing decentralized applications. This entails that a Blockchain expert must possess both front-end and back-end development skills. As a Blockchain developer, you will be expected to be well-versed in HTML, CSS, JavaScript, Ruby, PHP, and Python, among others. So, make sure you brush up on these programming languages while honing your database skills as well. In-Demand Software Development Skills JavaScript Courses Core Java Courses Data Structures Courses Node.js Courses SQL Courses Full stack development Courses NFT Courses DevOps Courses Big Data Courses React.js Courses Cyber Security Courses Cloud Computing Courses Database Design Courses Python Courses Cryptocurrency Courses Know Your Platform If you wish to become a Blockchain expert, merely understanding Blockchain architecture and concepts will not suffice – you must know your platforms well. Choosing the right Blockchain platform that’s best suited for a particular task is the mark of a great Blockchain expert. So, get ready to dive deep into the various Blockchain platforms like Fabric, Ethereum, Ripple, and R3 Corda. An in-depth knowledge about these platforms will help you identify which platform will work best for which use case. Read our Popular Articles related to Software Development Why Learn to Code? How Learn to Code? How to Install Specific Version of NPM Package? Types of Inheritance in C++ What Should You Know? Why Should You Consider Transitioning To Blockchain Based Roles? As we said earlier, Blockchain is the hottest trend and buzzword in the industry right now, so opportunities in this domain are growing rapidly too. The foremost reason as to why you should consider transitioning to Blockchain is, of course, that it is exciting, innovative, and is here to stay. Tech giants like Facebook, IBM, Microsoft, Amazon, Goldman Sachs, and many more have already started harnessing the benefits of Blockchain. While the demand for Blockchain experts is ever-increasing, what’s lacking is the supply of befitting talent. There are not many people in this field, which makes it the perfect playing field for individuals who’re upskilling in Blockchain. Also, since there’s hardly any competition, the pay for most Blockchain jobs is huge. Blockchain Technology Use Cases in the Banking Sector Blockchain is no rocket science. If you bear the passion for learning something new and exciting, then Blockchain should be yet another challenge for you to accomplish. Once you have a clear understanding of Blockchain technology, its concepts, and working, making a career transition to Blockchain shouldn’t be difficult. If anything, you’ll embark on the road to a promising future. If you’re interested to become a blockchain developer and build smart contracts and chain codes, checkout IIIT-B & upGrad’s Advanced certificate program in blockchain technology.
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by Arjun Mathur

31 Oct'18
What are Hashing, Signatures and Public-Private Keys

5.29K+

What are Hashing, Signatures and Public-Private Keys

Once you know what is blockchain technology, you understand that the sealing mechanism is the key to the successful and accurate maintenance of a blockchain. But how can these stringent requirements be fulfilled? The conditions imposed on the sealing mechanism of a blockchain are satisfied using a hash function. Learn Online Software Development Courses from the World’s top Universities. Earn Executive PG Programs, Advanced Certificate Programs or Masters Programs to fast-track your career. The mathematical definition of a hash function is a function that takes a variable length numerical input and returns a number of fixed length as output. In order to work with strings of characters, ASCII codes can be used to convert characters into integers and vice versa. The output returned by the hash function is known as the hash value. Most popular hash functions have a fixed hash value size lying between 160 and 512 bits. All blockchains impose target conditions on the output of the hash function when a block is an input to it. To fulfil these target conditions, a seal is computed and concatenated to the block being stored. This seal encrypts the contents of the block and preserves their integrity. This is because any change to the block would drastically change its corresponding hash value, and cause it to escape the target conditions. The computed seal is commonly known as a nonce. A common target condition that the nonce must satisfy is ensuring that the leading ‘n’ characters of the output hash be zero. The value of ‘n’ sets the level of difficulty in the blockchain, which may be adjusted periodically as per the requirements of the network. Blockchain Applications in Supply Chain Explore Our Software Development Free Courses Fundamentals of Cloud Computing JavaScript Basics from the scratch Data Structures and Algorithms Blockchain Technology React for Beginners Core Java Basics Java Node.js for Beginners Advanced JavaScript Check out our free courses to get an edge over the competition  There are three important properties that hash functions must satisfy in order to be used effectively in the blockchain. Given the hash value output by the function, it must be computationally difficult to find any input that, when hashed, returns the given output. This is known as pre-image resistance. In other words, the hash function should be computationally expensive to reverse. Similarly, given the input to the function, it must be difficult to compute any other input to the same function that outputs the same hash value as the original input. This is known as collision resistance. However, given any input to the hash function, it should be easy to compute the corresponding value output by the hash function. This is to ensure easy verification of the integrity of the contents of the blockchain. Explore our Popular Software Engineering Courses Master of Science in Computer Science from LJMU & IIITB Caltech CTME Cybersecurity Certificate Program Full Stack Development Bootcamp PG Program in Blockchain Executive PG Program in Full Stack Development View All our Courses Below Software Engineering Courses The first two properties given above are critical because they slow down the rate of computation of the nonce, or proof of work. This causes the rate at which blocks are added to the chain to be limited by the rate of computation of the nonce, and not the rate at which transactions occur. This is absolutely crucial because it prevents dishonest individuals in the network from generating and adding blocks of false transactions to the chain at a quicker rate than the network itself. This is because a single individual cannot compete with the computing power of a large network, and thus the longest chain of blocks always belongs to the majority in the network itself. This allows us to be able to safely accept the longest chain as the real blockchain under the assumption that the majority in the network is honest. The vulnerabilities of a blockchain in the case of a dishonest majority have already been discussed in a prior article. In-Demand Software Development Skills JavaScript Courses Core Java Courses Data Structures Courses Node.js Courses SQL Courses Full stack development Courses NFT Courses DevOps Courses Big Data Courses React.js Courses Cyber Security Courses Cloud Computing Courses Database Design Courses Python Courses Cryptocurrency Courses Check out upGrad’s Java Bootcamp  Applications of Blockchain in Healthcare There are many different forms of hash functions that are used in cryptography. MD5 is the most popular hash function of the Message Digest family, which also consists of MD2, MD4 and MD6. The SHA family, consisting of SHA-0, SHA-1, SHA-2 and SHA-3, is another popular set of algorithms used for hashing. RIPEMD and Whirlpool are other common hash functions. These functions all implement different techniques to obtain the properties of pre-image and collision resistance. The sealing mechanism of the blockchain ensures that transactions cannot be falsified after the blocks have been added to the chain. But how are any imposters in the network prevented from faking a transaction between two members of the network? In other words, how can the identity of the members involved in the transaction be verified in an anonymous network distributed across the globe? upGrad’s Exclusive Software Development Webinar for you – SAAS Business – What is So Different? document.createElement('video'); https://cdn.upgrad.com/blog/mausmi-ambastha.mp4 Verification of any transaction conducted in a blockchain network requires a digital signature. Each member of the blockchain network is assigned a public key and a private key. The public key of each member is known to all members of the network, but the private key remains secret and is known only to the individual it is assigned to. Any message encrypted using the private key of a member node can only be decrypted using the corresponding public key of the pair, and vice versa. This allows nodes to approve transactions by signing them with their private key. This can now only be decrypted by their corresponding public key, thus verifying them as the senders. The transaction can similarly be encrypted by the receiver as well in order to confirm their involvement in the transaction. 7 ways Blockchain is Revolutionizing the Automotive Industry Check out upGrad’s Full Stack Development Bootcamp (JS/MERN)  This mechanism allows nodes to authenticate transactions by verifying the identities of the nodes involved while still maintaining their anonymity. The digital signature and the concept of public and private keys prevents other nodes from making false transactions on your behalf even in the event of a 51% attack. Thus, it is an elegant way of ensuring the security as well as the anonymity of individual members of the network. Read our Popular Articles related to Software Development Why Learn to Code? How Learn to Code? How to Install Specific Version of NPM Package? Types of Inheritance in C++ What Should You Know? If you are interested to create blockchain applications from scratch, check out upGrad & IIIT-B’s Executive Certification in Blockchain from IIITB.
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by Drish Mahnot

16 Jan'19
51% Attack in Blockchain Technology [Explained]

5.18K+

51% Attack in Blockchain Technology [Explained]

Through the design of the technology, we know that the blockchain is immune to attack from any individual member of the network. However, what happens if the blockchain comes under attack from a large group of participants? More precisely, what happens if a group successfully takes control of over 50% of the computing power of the blockchain? Such a scenario is known as a 51% attack, and it is one of the few real vulnerabilities of a blockchain. Learn Software Engineering Programs from the World’s top Universities. Earn Executive PG Programs, Advanced Certificate Programs or Masters Programs to fast-track your career. To understand the problems posed by a 51% attack, we must return to the fundamentals of the blockchain and recall the process of adding a new block to the chain. Members of a network compete to be the first to compute a valid seal for the block and claim a reward. Inevitably, a group of individuals in control of over half the computing power of the network can monopolize this process and claim all the rewards for themselves. Such a situation allows this group to be the only entity to benefit from the rewards of the blockchain by preventing other members from adding blocks to the chain. This is possible because majority rule is among the fundamental concepts of a blockchain. Check out our free courses to get an edge over the competition.  Another possible consequence of a 51% attack is known as double spending, and this is significantly more harmful than the prior one. Double spending occurs when a group of individuals successfully reverse completed transactions in a blockchain, allowing them to retrieve their money and spend it again. This is the digital equivalent of counterfeiting. It is made possible during a 51% attack due to the fundamental idea that the longest chain of a blockchain is the true one. Ironically, this is the same safeguard that makes double spending impossible when attempted by an ordinary member of the network. 7 ways Blockchain is Revolutionizing the Automotive Industry In order to understand how double spending may occur, let us consider the following example. Imagine a network in which there exists an alliance that controls over half the computing power of the network. Suppose that A, a member of the alliance, buys a house from B, an ordinary member of the blockchain. The transfer of money from A to B is recorded by each ordinary member of the network, but all members of the alliance secretly do not add this transaction to their records. The ongoing block is then completed and added to the chain by the honest individuals but secretly ignored by the alliance. There are now two versions of the blockchain in the network- the actual one with the recorded transaction, and the false one. As of this moment, the true blockchain is longer and accepted by the network, so the false version is kept secret by the alliance temporarily. Explore our Popular Software Engineering Courses Master of Science in Computer Science from LJMU & IIITB Caltech CTME Cybersecurity Certificate Program Full Stack Development Bootcamp PG Program in Blockchain Executive PG Program in Full Stack Development View All our Courses Below Software Engineering Courses Check out upGrad’s Advanced Certification in DevOps  The alliance now continue to record the ongoing transactions in the network, as well as privately conducting meaningless transactions among themselves. These transactions are not announced to the network and allow the alliance to generate blocks at a faster rate than the true blockchain. As the alliance possesses over half the computing power of the network, it is possible for it to add blocks to the false blockchain at a higher rate than the blocks added to the true blockchain. At some point, the length of the false blockchain exceeds that of the true blockchain, and the alliance now broadcasts this to the entire network. The network is then forced to accept this version of the blockchain as it is the longest version, and the transaction conducted between A and B is effectively reversed, allowing A to spend the same money on something else. What is Blockchain Technology? [Explained] Explore Our Software Development Free Courses Fundamentals of Cloud Computing JavaScript Basics from the scratch Data Structures and Algorithms Blockchain Technology React for Beginners Core Java Basics Java Node.js for Beginners Advanced JavaScript Thus, the alliance can monopolize the claiming of rewards and double spend money. They can also block transactions of other members using a similar procedure to that of double spending. They cannot forge a new transaction between ordinary members, however, as this requires the private keys of the members between which the transaction occurs. It is also quite difficult for them to modify blocks that have already been stored in the blockchain as this requires a very vast majority of the computing power of the blockchain to be feasible. The further back the blocks in the chain, the more secure they are. The frailties of the blockchain exposed by a 51% attack lead us to the conclusion that the more nodes in a network, the more secure it is. This is simply because it is significantly easier to gain the majority in a network of 10 people than in a network of a million. In order to compete with the computing power of a distributed network with nodes worldwide, an ordinary individual would have to spend vast amounts resources in the form of money, electricity and time, or form an alliance that is far too large and distributed to organize efficiently. In-Demand Software Development Skills JavaScript Courses Core Java Courses Data Structures Courses Node.js Courses SQL Courses Full stack development Courses NFT Courses DevOps Courses Big Data Courses React.js Courses Cyber Security Courses Cloud Computing Courses Database Design Courses Python Courses Cryptocurrency Courses Check out upGrad’s Full Stack Development Bootcamp (JS/MERN) In general, the largest blockchains are quite safe from a 51% attack. However, there have been some significant instances of 51% attacks in notable blockchains in the past. For example, ghash.io, a mining pool in the bitcoin network, briefly controlled over half the blockchain’s computing power in July 2014, which resulted in the pool voluntarily relinquishing some of its shares so as to not monopolize the mining of cryptocurrency. Bitcoin Gold was not quite as fortunate when it suffered a 51% attack during May 2018, and the malicious attackers successfully managed to double spend over 18 million dollars worth of cryptocurrency. Growing Demand for Software Engineers in Blockchain Technology The very fundamentals of a blockchain rely on the assumption that the majority in the blockchain is honest. This exposes the biggest weakness of a blockchain and its main true area of vulnerability. A dishonest majority can cause vast damage to the blockchain. Read our Popular Articles related to Software Development Why Learn to Code? How Learn to Code? How to Install Specific Version of NPM Package? Types of Inheritance in C++ What Should You Know? If you are interested to create blockchain applications from scratch, check out upGrad & IIIT-B’s Executive Certification in Blockchain from IIITB.
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by Drish Mahnot

16 Jan'19