Mastering Blockchain : Advantages and Learning Path

• Toshendra Kumar Sharma
• September 13, 2019

You might have come across many people wanting to invest in blockchain technology and cryptocurrencies as its potential and popularity are becoming manifold each day. But do you know that a career in blockchain technology is a more worthy investment? Blockchain is one such technology that has the immense potential to store legitimate information in such a manner that it can be traced thoroughly. Blockchain helps reduce cyber risks by offering various types of identity authentication methods. Blockchain, as we know, is an effective decentralized, peer-to-peer payments system that protects the details of the blockchain participants efficiently. So, if you are interested in learning all about blockchain, it is important to know the learning path of blockchain.

 

In this article, we will touch upon the advantages and learning path of blockchain to help you get on the right learning track.

 

Advantages of Blockchain

 

Blockchain is a secure ledger that allows for verification without the need for a central authority. It uses cryptography to secure the data ledgers. Blockchain offers a lot of advantages and to be on the right learning path of blockchain, it is important to we will now learn about a few of the significant ones.

1. Security and Reliability

 

As the blockchain networks are decentralized, there will never be a chance for a central point of failure in the system. A blockchain network is loyal, which means that there are no weak points in the net from where the information may get hacked. This way, the frequency of malicious attacks will also reduce, and this will improve the overall reliability of the network. Each transaction on a blockchain is digitally signed through a shared public and private key. To make sure that the transactions are entirely encrypted, these keys make use of different cryptographic schemes. Hence, the connections established on a blockchain are 100% secure.

2. Transparency

 

One of the most significant benefits of blockchain is its transparency. A blockchain is said to be transparent as the holdings and transactions of each public address are open to viewing. This feature of blockchain provides large businesses with a platform to act with genuine integrity towards their customers and the community. As we are aware, a banking system does not allow any user to access the transactions of others. But a blockchain does just the opposite. It ensures that each and every user across the globe has access to view the operations of another user. By being transparent, blockchain makes sure that no transaction can be modified or deleted without gaining the attention of the user.

3. Quality Assurance

 

In case of any defect in processes, the blockchain network has the ability to lead you to the point of defect. This helps determine the starting point of the error and also considerably reduces the time needed to conduct the investigation. The perfect examples for this would be the supply chain sector and the food industry. In a supply chain, it is important to make sure that there are no irregularities or inconsistencies in the process. In the food industry, tracking the food is incredibly crucial as the safety and quality of the food must be assured.

4. Accurate Accounting

 

As blockchain is a virtual network, recording sales and keeping a tab on them is carried out virtually. As a blockchain is free from human interference, it makes it more reliable and accurate. Any record that is passed from one blockchain to the other is verified at every step to ensure accuracy. As all records on a blockchain are maintained under a single registry, the integrity of the financial records of every organization is guaranteed.

 

How To Learn Blockchain?

 

Though the learning path of each individual differs depending on the interest, capabilities, and ambitions, it is important to have a basic structure or outline that will help you plan your strategies and prepare a reference guide of the blockchain training and courses available.

1. Learning From Resources

 

Embark on the learning path of blockchain by enrolling in blockchain courses. Choose from the sea of blockchain training and courses offered online. Though knowing the basics of a blockchain is extremely important, it is not sufficient to make a career in any technology, and with blockchain being highly innovative and unique, it is important to put in more effort to hone your blockchain skills. Online resources can refer to anything such as courses, books, blogs, videos, etc. which will aid you in learning blockchain technology. But the most important point to keep in mind if you are looking to learn blockchain online is to analyze the various courses that are offered and choosing the one that would suit you the best. There are numerous elaborate resources online that will help you get a grip on blockchain technology.

2. Learning The Basics of Blockchain

 

It is important that you know the basics of a blockchain if you are passionate about pursuing a career in blockchain. To learn any technology, it is important to know what that technology is, what it does, why it is important, and how learning it will benefit you. Blockchain is a vast sea. It is important that you are aware of the depth of the sea in order to be a good swimmer and reach your goal. Though there are a lot of aspects you need to know about a blockchain, the three things which stand out are:

 

• What is Blockchain?

 

 

A blockchain is defined as a decentralized, distributed digital ledger that comprises of a database of immutable records. Blockchain comprises a chain of blocks, and each block contains ledger records. The term ‘immutable’ means tamper-proof. Data once added on a blockchain cannot be modified or deleted.

 

 

• What is Encryption, and What is its role in a Blockchain?

 

 

Data security is one of the most important features of a blockchain. Encryption is a method used to secure data by converting it into meaningless data. This data can be converted into meaningful data through the process of decryption. Blockchain makes use of encryption for securing sensitive data.

 

 

• What Can be Stored on a Blockchain?

 

 

Any digital data or ledger can be stored on a blockchain. There is no restriction on the kind of data that can be stored on the blockchain.

3. Learning By Building

 

Doing demos are easy as all you need to do is to reproduce the steps. The true challenge lies in building something on your own as, this way, you will be able to judge how much knowledge you have gained and how much you need to learn to improve. There may be a lot of things that you may know theoretically but to learn how to implement the concepts learned, this is an important phase. Keep building different things as you can learn something new from everything you build.

 

Conclusion

 

In the future, blockchain will certainly pave the way for new employment opportunities within every industry vertical one can think of and will enhance the ability of professionals to innovate a lot more. Blockchain technology even has the capability of encompassing the governments of countries across the globe. Blockchain will be brought to the mainstream, thanks to electronic ledgers, and smart devices will also benefit heavily from blockchain in the future. There is an umpteen number of courses available to help you learn blockchain online. The blockchain training and courses offered online will help you master the art of blockchain.

 

If you wish to build a career in blockchain and receive regular updates about blockchain certifications, check out Blockchain Council.