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Home Cryptocurrency

Blockchain 101: Consultation Services

by Jenny Crimson
May 12, 2022
in Cryptocurrency
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Blockchain 101: Consultation Services
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The concept of Blockchain and the technology surrounding it is an interesting aspect to delve into. There are dozens and dozens of perks and features that you can take advantage of overall. What’s more, is that you can have Blockchain as a form of business or passion. But getting into the Blockchain universe might not be that easy. You have to learn specific things, methods, and systems that allow you to navigate and work on the process. The learning curve might be too much for some individuals. The same aspect goes way more for people who have no information technology background. So what can you do? The first option you can do is to learn everything from scratch. The next is the process of looking for Blockchain app consulting services.

What Is Blockchain?

What Is Blockchain?

A Blockchain is a method or system that stores information in a digital format. It is a database that administrators and specialists maintain and distribute among thousands and thousands of computer networks. You might have heard of the term or concept of cryptocurrency. One of the more popular examples is Bitcoin. Digital currencies and other systems utilize Blockchain technology for secure transactions and handling of sensitive information.

The primary goal is to have a secure transaction that allows recording and distribution at a later time or date. Any transaction or process cannot be edited. This aspect leads to Blockchain becoming a suitable foundation for ledgers and records. The technology is also known as DLT or distributed ledger technology.

DLT has several properties that make it a key aspect of today’s modern world. Here are some of them:

  • Secure

Any record that enters a Blockchain or DLT is safely secured. Not only that, but they also go through an individual encryption process.

  • Programmable

You can also utilize DLT technology to create smart contracts.

  • Distribution

Users can access and distribute the digital records for archiving. They also have copies of the ledgers to provide better transparency.

  • Anonymity

Users also have the freedom to become anonymous with their transactions and operations within the ledger database.

  • Immutable

Any record that goes into the system cannot be altered, edited, or deleted at all. Records are also irreversible. The concept proves to be too complicated, especially for those who are not tech-savvy. So here is how the Blockchain transaction process goes in a way simpler manner.

The first thing that happens is that a user enters a transaction within the system. This transaction travels throughout the network that has connections across the globe. These networks will operate and validate the transaction to keep things secure and smooth. The operation will cluster any validated transactions into a block. These blocks will form what we call a chain. The chain will hold all the histories of transactions that are permanent and irreversible. The transaction happens once the chain process is complete.

Now you have an idea of how the concept of Blockchain works. But where does a consultant come into the play?

Blockchain Consultant

A Blockchain consultant is a professional who works to get new firms and businesses off the ground with their Blockchain applications and systems. Their primary task is to share advice about Blockchain development and strategy application. They do so to optimize the industry’s business capabilities. Being a Blockchain consultant is no easy job.

Why do you ask? It is a requirement that they possess a number of skills and knowledge that allow them to do their tasks. Here are some of the skills they need:

  • Critical thinking
  • Analysis
  • Technology background
  • Programming
  • Software development
  • Innovation
  • And so much more

The topmost priority for any consultant to have is the ability to understand the legal and financial aspects of Blockchain technology. Not only that, but they should also know how all the Blockchain platforms work. Plus, it is a must that they master all of the programming applications and languages that exist.

You might be thinking that “it just sounds like standard information technology stuff.” You are correct on one point. However, any aspiring Blockchain consultant will have to hone their skills. They will also need to learn various methods and systems beyond the standard IT concepts. 

What To Look For In A Consultant?

What To Look For In A Consultant?

The next part is for you to look for a Blockchain specialist who can help you with your cryptocurrency business. All you have to do is look for one online, right? Not exactly. You can indeed find dozens and dozens of Blockchain consultants online. It is the same as looking for a plumber who will fix your leaking pipes. But the thing is that you do not immediately hire the first one you see. You will have to consider some factors before you let someone work with you. After all, that plumber might not be the ideal worker who will solve your problems. Let’s take a look.

Certification

No consultant can pass and begin work without having an appropriate certification. They should have one to prove that they can deal with tasks and projects with the necessary skills. Certification also proves that they have finished any and all courses that make them eligible for such work.

Experience

A certificate is a golden ticket for any Blockchain consultant. The next thing they should have is relevant experience. You might be looking online at a consultant who has a certificate. But the thing is that they have been in the field for a couple of months. That alone is not enough. 

Look for a professional who has been working as a consultant for at least more than two or three years. Veteran specialists can deal with problems and projects faster and with more efficiency. 

Reviews

It is also a must that you find any reviews regarding a Blockchain consultant. See how they work and communicate with their clients. These reviews will help you find a consultant who is friendly, reliable, and easy to communicate with overall. 

One More Thing

Blockchain technology grows each day and having a consultant can help you develop your business. It will also go a long way to find out and learn relevant things from your end. It is one thing to let a consultant do their job. But you must never leave everything to them. You will learn new things. Plus, it will pave the way to better communicate with a Blockchain consultant and other IT specialists. 

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