Why do programmers need to learn blockchain technology?

What is the difference between blockchain and Bitcoin (crypto) technology?

Vexanium.com public blockchain Indonesia in the near future will launch a blockchain platform where programmers who master the C ++ language (widely studied in Indonesian campuses) can easily create decentralized apps (Dapps) or smart contracts, very cheap fees and various guidelines in Indonesian.

We will discuss about Dapps and smart contracts later in another article. in this article we will discuss about the reasons why programmers need to learn blockchain.

Blockchain is the technology that underlies digital or crypto currencies such as Bitcoin. So one of the applications of Blockchain technology is cryptocurrency. So don't let you say Blockchain = Bitcoin.

An analogy like this: Bitcoin is a gmail application, while blockchain is the internet, where the gmail application runs on it.

Maybe you often hear blockchain, but maybe you only know the outer skin. Maybe in your community the echo is still inferior to big data or machine learning.

Here are 7 reasons why programmers need to learn Blockchain technology.

1. The benefits of Blockchain are trusted by people who are much smarter than us

Blockchain technology has become a popular subject in major universities in the world, such as MIT, Harvard, University of Tokyo and many other universities, both at the S1, S2 or public level (executive education) or in the form of student clubs. These classes are taught by professors in technology, cryptography professors, financial practitioners with very long experience, educators with work experience as financial regulators.

Financial experts from G20 countries also often reveal that the blockchain can be used to create an inclusive and transparent digital economy .

2. Blockchain technology such as djinn released from bottles, every dozens / hundreds of years

Blockchain is like a "genie of technology" that comes out of a bottle tens or hundreds of years. Each of these genies came out, providing solutions that changed people's lives, while giving birth to new types of companies.

In the 1400s the genie came out in the form of a printing press carried by Gutenberg, changing the world where knowledge at that time was only owned by a handful of people, making it very easy to share knowledge in book form and make everyone around the world smarter.

In the 1800s, at that time to build a building always needed a slave, until the discovery of the steam engine which was the key to the industrial revolution and gave birth to manufacturing companies.

In the 1900s, the internet was invented, so the distance problem was solved. With the internet we can send messages and communicate anywhere and anytime quickly. The internet has also changed the composition of the largest companies in the world.

But with the internet, there are some problems that have arisen and haven't been resolved, for example:

A middleman company in an internet business that takes fees that are too large and has too much "bargaining power" (eg, mastering user data).
Digital money cannot be considered "truly" digital (natively digital) because it has the problem of "double spending" can be copied as many times as well as MP3 files. votes, which if sent, it must be ensured that the assets in the sender have been reduced.
Data on the internet that can be hacked, modified or corrupted by giving a bribe / bribe to the database admin. Database character like this does not allow to be used for collaboration in an industry where the stakeholders in it compete with each other but must collaborate with each other.
The technology genie is emerging again by providing blockchain technology and solving problems that have arisen in the internet era as mentioned above.

3. Blockchain is a very fundamental innovation at the protocol level

" The more foundational a technology is, the more impact it can have. Blockchain technology is not a process of improving technology. "( William Mougayar .

Just as SMTP is a protocol used to send email, blockchain is a protocol for storing and sending valuable data (e.g. money) over the internet.

Yes, blockchain technology such as the Vexanium blockchain is not a business model innovation, but blockchain technology is an innovation at the protocol level that enables the creation of many new business models.

4. Blockchain has a native mechanism for storing and sending valuable data

Before blockchain technology developed, developers / programmers had to make applications dependent on data owners (or state aggregators) such as social media, search engines, large e-commerce platforms because the HTTP protocol could not store data (HTTP is often called a stateless protocol). Dependence on this state aggregator has the impact of applications that are not in accordance with the rules (or profit sharing mechanism) of this state aggregator can be turned off just like that by the platform owner and cause losses on the part of the developer.

With the blockchain technology, which has a native mechanism for storing and sending data, developers are no longer dependent on the platform state aggregator to create applications.

The ability to easily transfer a value is the key to the progress of the economy and the modern financial system. Any progress on how we are more efficient at transferring values has a very strong positive domino effect.

The benefits of blockchain that don't exist in other technologies

Part of the industrial revolution 4.0

Blockchain and AI (Artificial Intelligence) are often called the foremost leaders in the industrial revolution 4.0.

According to fcanos.com some of the characteristics of the 4th industrial revolution are there are no geographic boundaries, no cost saving, no intermediaries, secure services, and programmable money. These characters are all in blockchain technology.

Adoption of blockchain which is still in very early stages

Bank Indonesia is reviewing digital rupiah (of course enabled by blockchain) and by 2020 the study will be completed.

Almost all central banks in the world are studying blockchain technology. (Read: Central bank initiatives on the blockchain ).

Some countries have begun to think of pilot blockchain zones, for example Busan in Korea, Batam in Indonesia.

Explosion Opportunities for Future Blockchain Programmer Needs

Facebook has just (June 2019) published its own cryptography under the name Libracoin and will be launched in 2020. If its use is widespread, is it possible that other technology conglomerates (Google, Amazon, etc.) will launch their respective blockchain projects that result in increasing blockchain programmer prices?

In 2018 Linkedin reported a 33-fold increase in the position of blockchain developers. While the portal hired.com reported an increase in the work of blockchain developers by 571% (5.7 x fold)

With the increasing adoption of blockchain in various sectors, such as finance, public service, automotive, and all other industries, how about the demand for blockchain programmers?