Block chain Technology is creating a neeed for proficient professionals. Adapting Block chain technology is seeing progressive results in all major Industries.The Global Blockchain Market is expected to reach USD 34 billion by 2026 with a growth rate of 45 Percent as according to experts report.
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The World Wide Web is playing a crucial role in our lives. Technological revolutions made our life more simpler and efficient these days. The Initial version Web 1.0 which was started in 1990's provided limited amount of data on internet with specific providers. With the advent of Web 2.0 marked a significant increase leading to provide enormous amount of data. In 2014 The latest version Web 3.0 came into existence which combines earlier versions with latest concepts of Artificial Intelligence, Machine Learning, and the Internet of Things (IoT) is creating new opportunities for the future.
Web 3.0 primarily focuses on integrating block chain technology to businesses. Blockchain technology functions on Web 3.0 which include de-centralization, High user utility and transparent data sharing .It also aims to provide personalized data with the use of AI Tools and Machine Learning for all user queries.
The Internet of things (IoT) with the combination of Block Chain ensures the wide spread of Web 3.0 to any medium. IoT is going to be even more worth than now as it's worth around $1,463.2 billion by 2027. This clearly suggests that web 3.0 in combination with Blockchain and IoT technologies transforms traditional methods of conducting business and day-to-day activities.
Blockchain is one of the leading technology in Financial Sector. It helps to reduce fraud, ensures fast and secure transactions that manages risk with in the interconnected global financial system. It is possible only with advanced cryptographic techniques that is designed to be unaffected by hacking. This builds trust and data privacy to the financial system.
The usage of Block chain technology allows users to exchange information securely with out any hassles, As according to a report Organizations can save up to $12 billion a year. Currently Cryptocurrency is the leading exposition of Block chain.in the Financial sector. Apart from Financial other sectors like Healthcare, Automotive and Realestate are being transformed by using Block Chain Technology.
It is expected that Healthcare sector is going to reach USD 231 million by 2022 with an excellent growth rate of 63 percent over the next six years. In the Health care sector the Blockchain Technology would facilitate more features like Shortening diagnosis periods and also protects the patients identity.
Blockchain technology also provides huge opportunities for professionals to advance their career The demand graph has been positive in the industry. For Feshers In the longrun we can expect fruitful results if the candidate has necessary skillsets and certifications it will give competitive edge over others. The candidate need to have a strong base in mathematics and algorithms along with basics of Block chain technology and little programming knowledge. Certifications will also add value to the profile. The increasing latest technological advancements have created wide opportunities in Block chain technology.
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