crypto jobs

Bengaluru

Indian cryptocurrency

Bangalore

Kasturba Medical College

As per jobs site, city has 34% cryptocurrency job postings, which is highest in the countryEven asare growing in India,has taken the lead when it comes to percentage ofjob postings. According to data from jobs site Indeed, Bengaluru maintained the lead with 34 per cent of the Indian cryptocurrency job postings, followed by Pune, with eight per cent.Kartik Mandaville, founder and CEO of SpringRole, the first professional reputation network powered by artificial intelligence and blockchain to eliminate fraud from user profiles based out at Bengaluru and Los Angeles, toldMirror Bengaluru has the maximum number of practical application of blockchain. Traditionally, it has always been finances in Mumbai and technology in Bengaluru. (Mumbai because of the presence of stock markets, trading, loans).Kartik, who is also the technical advisor to Science Blockchain, said that from the jobs perspective across India, 34 per cent for Bengaluru is a decent number mainly because of the demand and supply ratio. There are very few engineers who understand blockchain very well, thus the demand is very high, hence the salaries are higher. “Blockchain has always been legal and various governments are pursuing it actively with multiple projects across land registration and university degrees. The only issue is that the government is hesitant to have people transact in cryptocurrencies, because the government feels that they should be aware of the risks attached with cryptocurrencies,” said Kartik.Explaining further, he said Crypto started as a new currency which is not managed by one centralised bank, authority or government and in this regard Bitcoin was the first decentralised sovereign currency based on computational value- that is verified transacted and secured by mathematics. “The revolution started with Bitcoin- where people could send money to each other without anyone’s consent in a sovereign way. This application is secured by mathematics. The next step was using technology to build more secure applications-social networks, real estate block chains, resumes, educational verification and so on. The underlying technology is used in cases where the trust is low- for instance- land registration. Mathematics and computation is the trust factor,” said Kartik.SpringRole is using blockchain for running background checks (identity, address, criminal, education and employment) of employees. There are other companies who do it for real estate, land registration and so on.Sidharth Ramesh, a MBBS student from, Manipal, who developed a prototype- MedBlocks for storing medical records securely on the Interplanetary File System using blockchain technology, said, “India has an active Crypto community and people have regular meetups. There are a lot of job opportunities, but the existing regulations are a hindrance. Blockchain is the platform which brings cryptocurrencies into play. Several companies from abroad look at blockchain developers who will work on smart contracts for cheap and their main go-to place is India. Often these companies outsource their work to India and the payment is in cryptocurrency. Regular currencies can be manipulated, for instance Venezuela that is suffering from hyperinflation- which probably happened because they printed more currency. Under cryptocurrency there is no central authority controlling supply,” he said.