The demand for professionals in blockchain technology is expected to grow in the country as more organisations adopt the technology, according to E. Venkatesan, Chief Executive Officer of Emurgo in India.
Emurgo has started Emurgo Academy in the country to focus on training working professionals and students in blockchain technology.
Mr. Venkatesan said that according to a rough estimate, there are 19,000 professionals in the technology in the country now. The four main roles that blockchain professionals will have are: developer, architect, business analyst and domain expert. In Japan, the technology has been well-adopted. It is used a lot in the European Union and China too. Nearly 95 % banks in the EU and 65 % in Asia have adopted blockchain. In India, many big banks are either into it or have started exploring the use of this technology.
“In India, investment in blockchain technology is still not much as there is no clear indication on crypto,” he said. Currently, companies are in the pilot mode and a number of them are expected to start using it real time. Further, several States have taken initiatives to promote use of the technology. Financial sector, logistics, and agriculture are some of the sectors that have huge potential to use the blockchain technology, he said.
The Emurgo Academy hopes to sign agreements with about five universities in the country next month to train students and set up laboratories in colleges. It is also speaking to some of the educational institutions in Coimbatore. The Academy offers programmes in Bengaluru for working professionals too. “We have developed the curriculum and a technical platform. We are prepared to train 2,500 people, students and professionals, this year,” he said.
