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Home Singapore Blog Coding & Blockchain Essential Skills for Blockchain Developers: Getting Hired in the Industry

Essential Skills for Blockchain Developers: Getting Hired in the Industry

Tejaswi Singh by Tejaswi Singh
September 5, 2024
in Coding & Blockchain
Essential Skills for Blockchain Developers
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Blockchain tech is revolutionising industries by boosting transparency, security, and efficiency. As more companies adopt blockchain solutions, the demand for skilled developers is soaring. However, the talent pool still needs improvement. Aspiring developers can stand out by mastering technical and non-technical skills. 

This article discusses the top 10 skills to help you get hired in the competitive blockchain job market.

Essential Skills for Blockchain Developers 

1. Blockchain Architecture Design  

A core understanding of blockchain architecture and design principles is fundamental. Developers should grasp concepts like distributed ledgers, consensus mechanisms, cryptographic hashing, and decentralised apps (DApps). 

Hands-on experience building basic DApps, smart contracts, or non-fungible tokens (NFTs) provides practical insights into real-world design considerations when creating robust systems.  

2. Data Structures

Fluency in data structures like Merkle trees enables developers to meet network requirements efficiently. Experimenting with existing structures or innovating new ones to optimise parameters like storage, traversal, and lookup times is critical. Knowledge of advances like directed acyclic graphs (DAGs) also helps build high-performing platforms.

3. Cryptography 

Blockchain systems rely heavily on cryptographic encryption to ensure security. Developers must master algorithms like ECC, AES, and SHA-256 used in public-private key encryption, hashing functions, and digital signatures. Testing out implementations allows a practical grasp of factors like computational tradeoffs, randomness, and desired security proofs.

4. Smart Contract Development

Expertise in languages like Solidity empowers developers to program complex business logic into smart contracts that self-execute when conditions are met. This automates multi-party workflows by enforcing agreements without intermediaries through immutable code on the blockchain.

5. Web Development

blockchain

Developers should be adept in JavaScript-based frontend and backend web development to build feature-rich DApps. Competency in frameworks like React Native, Node.js, and Next.js is preferred to craft responsive cross-platform user interfaces that smoothly interact with blockchain protocols.

6. Understanding Enterprise Processes

Besides technical skills, blockchain developers must also understand standard enterprise procedures in domains like supply chain, insurance, payments, etc. This functional awareness guides building tailored solutions that genuinely add value.

7. DApp Development

Hands-on DApp development skillsets are vital to constructing end-user-friendly applications. Developers must master connecting frontend interfaces with intelligent contract programming and blockchain connectivity through Web3 libraries. 

8. Network Security 

Robust security practices are crucial while working with valuable user assets on the blockchain. Skills in threat modelling, vulnerability testing, and keeping applications resilient against risks like data breaches or wallet hacks are highly desired. 

9. Distributed Ledger Technology  

In-depth knowledge of foundational distributed systems architecture allows for crafting optimised networks. Understanding pillars like consensus models, peer-to-peer data transmission, and cryptographic identities are required to record states reliably without central intermediaries.

10. Financial Understanding  

As blockchain redefines asset ownership, exchange, and programmability, the financial context shapes DApp designs to transform traditional banking, insurance, trading, and other processes into ones that are efficient, accessible, and transparent.

Why Blockchain Skills Are High in Demand?

Blockchain technology skills are in high demand, and people with these skills earn significantly more than other software developers in India. Jobs such as competent contract developers, blockchain architects, solution designers, and DApp developers are particularly sought in sectors like banking, finance, insurance, supply chain, healthcare, retail, and government. 

Companies all over India, including big IT firms, global tech consultants, and startups, are looking to hire people with blockchain expertise. While cities like Bangalore, Mumbai, Hyderabad, and Delhi currently have the most job opportunities, the demand for blockchain skills is increasing nationwide.

Blockchain Developer Salary In India

The pay for blockchain developers in India varies based on location, experience, and skills. Beginners can expect to earn around ₹6 lakhs per year, while those with 2 to 4 years of experience can make between ₹7.5 and 8.5 lakhs annually. Senior-level professionals can earn ₹10 lakhs or more. 

These numbers can vary based on the company and its offerings.

  • Accenture: ₹10 lakhs per annum 
  • Bosch: ₹11 lakhs per annum
  • HCL Technologies: ₹20 lakhs per annum
  • TCS: ₹6 lakhs per annum

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Conclusion

Blockchain is revolutionising industries and creating a high demand for skilled developers in India. Expertise in cryptography, DApp development, and security is essential for strong hiring prospects in this competitive field.

Tejaswi Singh

Tejaswi Singh

55 articles published

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