Blockchain technology has the potential to disrupt numerous industries.
Companies have noticed and blockchain developers are seriously in demand.
What many programmers want to know is what knowledge and skills they need to work with the blockchain.
Keep reading to find the basic skill set needed for blockchain development.
Blockchain Developer Essentials
A good knowledge of computer science and traditional software development is necessary for developers. Most existing blockchain applications fall under the realm of cryptocurrency.
Good code is absolutely vital for blockchain applications. The blockchain is decentralized by its very nature. This amplifies the expense and effect of poor code.
You must also have a good understanding of the software development cycle. Technical chops alone won't qualify you as a blockchain developer.
Understanding of Decentralization
Decentralization is at the heart of all blockchain applications. All the information and protocols required for a program to run are held in a huge number of locations.
Rather than a single server or database, everything is distributed among everyone interacting with the blockchain. This is the ledger than that holds all parties accountable.
Because data is distributed this way it is impossible for a single party to modify any part of the ledger without it being discovered.
Standards & Platform Knowledge
The blockchain is a new technology. Standards are still under development but a basic understanding of best practices is taking shape.
Ethereum is a major platform in the blockchain community. It was designed from the ground up to be used as a foundational architecture for further distributed app development. It uses its own cryptocurrency, Ether, as the 'gas' for its network.
The Linux Foundation has been making great strides with its Hyperledger initiative. The goal of Hyperledger is to create interoperability for all blockchain applications and generate a strong body of technical knowledge. Backers for Hyperledger include IBM and Intel.
This is one of the most exciting applications put forth for the blockchain. Smart contracts enable two parties to enter into a self-enforceable agreement that is held accountable by the entire blockchain.
Smart contracts cut middlemen entirely out of the equation. Instead of paying a law firm to draw up a contract and an accounting firm to monitor both parties the ledger in a blockchain works on its own.
This allows both parties to have an instant method of redress if a contract is breached. If you as the buyer do not receive the services you purchased the blockchain itself reverses the transaction and returns your money.
To work with the blockchain you have to develop with smart contracts in mind.
Blockchain technology is a radical departure from previous types of software. Learning the skills needed to become a blockchain developer can set you up for a potentially lucrative career.
If you would like to learn more about blockchain development and the blockchain itself, check out the useful articles here.