Are you looking for a blockchain developer? In this article, you will come to know about the things that you must seek in your next blockchain developer.
Blockchain technology is most simply defined as a decentralized, distributed ledger that keeps track of the records and transactions in a secured business network. Blockchain technology has got massive development in the last decade, which attracted many companies towards it.
Businesses run on information. The more accurate and faster it’s received, is better. This is where blockchain is very crucial as it delivers the information immediately in a secure way. It provides completely transparent information on an unchangeable log that is only accessible by members who have permission.
Here are ten things that you should be in known while picking your blockchain developer:
1. Skills and knowledge
A blockchain developer you pick should have fundamental skills and knowledge regarding the technical field. The individual should have a good knowledge of IT and computer sciences. Understanding distributed systems, networking, data structures (understanding of linked lists, trees, and graphs), and cryptography (good concepts of ciphers, integrity, and encryption) has to be clear.
2. Smart Contracts
Smart contracts are the programs that help in automating transactions. It increases the capabilities of blockchain without the need for any intermediary. These contracts are made with specific conditions in particular situations. The transaction gets automatically processed whenever required when these specific conditions are met.
Many developers cannot do optimization and auditing of smart contracts. The important part is that a developer should be very well aware of all the possibilities in executing a smart contract. The individual should make sure that these contracts are executed when expected.
3. D-App
Some D-App (decentralized applications) are built on blockchains. A blockchain developer can build a D-App on various platforms. Some of the popular decentralized applications are discussed below:
EOS blockchain is a decentralized operating system with more scalability and higher transaction speed, supporting industrial-scale applications.
Hyperledger uses an open-source corporate platform to develop technologies in the cross-industry blockchain.
A developer can use NEO to build decentralized applications using different programming languages, i.e., Java and C#, as it is not limited to a single language.
Ethereum is currently the most popular platform for development. It is fueled by cryptocurrency, and the language used in Ethereum is called Solidity.
4. Learn to simplify
Blockchain technology is used to simplify business processes, which help in achieving beneficial outcomes for the companies. This can only happen if the developer has a solid understanding of blockchain technology. The developer should have the ability to innovate using the design thinking methodology.
5. Understanding Blockchain Security
Blockchain security is a comprehensive risk management system that assures the reduction of frauds and attacks. Blockchain technology produces a structure of data with inherent security qualities. In most blockchains, the data is structured into blocks, and each block contains a bundle of transactions. All the blocks are connected in a cryptographic chain, which is nearly impossible to tamper with. A blockchain developer should understand security skills like cryptographic hashing, private & public keys, and many more.
6. Know The Platforms
Blockchain is a revolutionary concept that has allowed the financial industry to manage finances more securely on the web. There are multiple frameworks in the blockchain having different purposes, and learning all of them can be confusing. The developer should know how to select the right blockchain platform for specific cases. Here are some of the excellent blockchain platforms that a developer you are picking should know:
- OpenChain.
- Quorum.
- IOTA.
- OpenLedger,
- Corda.
- Ripple and many more.
7. Distributed Ledger expertise
Distributed ledger technology is a digital system for recording the transaction of assets. It records the transaction and their details in multiple places at the same time. A distributed ledger does not have any central datastore or administration functionality. In a distributed ledger, each node processes and verifies every item and generates each item’s record.
A DLT can be used to record static and dynamic data, i.e., registry and transactions, respectively. A developer should be an expert in building DLT as it helps in holding and controlling personal information in a better way. It also helps in accelerating the development of smart contracts.
8. Master of interoperability
The term blockchain interoperability has been around for some time. It not only means that different blockchain systems can now easily communicate with each other. Above all, they can see, share, and access information across different blockchain networks without any middlemen, just like a centralized exchange. The vision of interoperable enterprise blockchains rests on some functionalities and abilities that include integration with existing systems, initiate transactions on various other networks, transact between deployments but make sure on the same chain simply by integrating apps, and making it super-easy to switch one underlying platform for another.
Blockchain developers’ mindset should be open source because there is a risk of deployment in various technology platforms of interconnecting ledgers. Latency can be reduced, and business outcomes can be driven by integrating with an enterprise’s systems.
9. Blockchain Expertise As A Service
Blockchain as a service is a new thing in the market that a blockchain developer should benefit from. Skills of negotiation and collaboration are very much critical during the formation of the consortium. Blockchain technology has various platforms, and all of them are designed for various purposes. The developer you are picking should be an expert and familiar with building blockchain expertise as a service.
10. Learn To Drive Business Outcomes
A developer should know how to build direct connections and explore data flow between customers, trading partners, and suppliers. Most of all, a developer needs to understand the expected results from a business.
This was everything you may need to know about things to keep in mind as a blockchain developer. What do you think?
