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Transferable Tech Skills You Can Gain by Working in the Crypto Industry

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Transferable Tech Skills You Can Gain by Working in the Crypto Industry

If you’re bullish on crypto and other blockchain use cases, then you know that the industry isn’t going anywhere. Still, if you need a reason to break into this industry, then you should consider the transferable skills you can pick up along the way.

Those skills can help you pursue a lucrative, challenging, and fulfilling job in any industry that relies on software technology, especially blockchain tech. Maybe you’re already in the industry and want to take a break – you might already have the skills that could reshape your future.

Below, you’ll find several examples of how working in the crypto industry can give you an edge over the competition in other job sectors. With wider blockchain adoption on the horizon, you can expect some of these skills to become even more relevant to lucrative job roles in the future.

Source: Unsplash

Transferable Skills in the Tech Sector

Tech is, at its core, a transformational force that echoes through every other industry on the planet – when the right use case comes along. That’s why the tech sector never stops growing. It may lapse in vertical growth on occasion, but the sector is always growing horizontally, making inroads with other industries that adopt its latest innovations. Today, every industry, from healthcare and construction to food and entertainment, relies on the same tech.

Blockchain Experience in Financial Technology

Let’s start with one of the most obvious transferable skills – those honed by working on or alongside the blockchain. Skills developed by working with crypto can easily translate into roles in the fintech industry.

For example, knowledge of how blockchains are developed, maintained, and marketed will become crucial in the coming years. Fintech is rapidly adopting blockchain as a proofing and security measure to better secure digital payments. As digital payment systems become more widespread than they already are, we can expect them to adopt blockchain en masse.

Today, the largest digital economies in the world rely on these payment systems. The UK, as the largest European tech economy, relies on a combination of seven digital payment systems to ferry transactions across the island and beyond. Every payment service is different – you can find a breakdown of each one from Airwallex, including different transaction types that include cryptocurrencies.

Almost every leading payment provider has shown interest in Web3 compatibility and blockchain adoption, so the space can and will yield employment opportunities for those in the crypto industry. Working with crypto and the trading of digital assets can also help you land a job with a trading platform or other services that rely on TradFi.

Blockchain Experience in Healthcare

Knowledge of the blockchain could also translate to a career in the healthcare industry, specifically administration work or medtech fields. As you can imagine, patient health records are subject to a lot of red tape and regulations, ensuring they stay private. It just so happens that blockchain can help by providing a secure ledger that is difficult to tamper with.

A critical review published by the National Library of Medicine analyzed 22 papers and found that 45% of reported blockchain implementation in healthcare concerned EMRs – Electronic Medical Records. Naturally, blockchain enthusiasts can expect that to change in the future, for the better.

23% of papers mentioned blockchain use in biomedical fields instead, or for education surrounding biology and healthcare. While a different field, the use cases were more of the same – better record keeping and data privacy.

Other healthcare use cases for blockchain include remote patient monitoring, insurance claims processing, and supply chain management for pharmaceuticals.

Blockchain & Smart Contracts for Marketing

The blockchain’s far-reaching consequences are also changing how we can advertise to the masses. Data security will always be a plus whenever the blockchain is involved, but it’s the associated smart contracts that could change the advertising industry in a big way. They will allow advertisers to market directly to the user, with terms pre-programmed into the contract, which means no need for middlemen or ad-serving platforms to take their cut.

If user data is hosted on a blockchain, then customers can retain rights over it and share it at will. This means marketers can source better data through voluntary agreements with those who buy their products instead of casting a wide net and gathering a lot of noisy data from those who aren’t already cooperative, interested customers. The result is a mutual, trust-based relationship that should help both the business and the individual.

Then, there are the tracking benefits that come from serving ads via a blockchain. A closer advertising relationship means any received data goes straight to the advertiser, where it stays immutable and transparent. If you have experience in data analysis, specializing in crypto and blockchain data, this is yet another way you could pivot your experience into the growing blockchain marketing ecosphere.

Today, luxury brands have gone the furthest in embracing the blockchain for product verification and marketing purposes. Forbes has extensive coverage of how and why luxury brands are buying into the blockchain.

Cryptography Experience in Security

Crypto assets and distributed ledgers only exist thanks to cryptography. If you were in charge of cryptography in the crypto industry, then you should be a good get for any enterprise that relies on similar cryptographic techniques. We shouldn’t need to write an exhaustive list of businesses that need and want more security. What we will say is that as life becomes more integrated with digital services, those businesses will continue to chase better security solutions.

Source: Pexels

In 2024, there were 5,175 system intrusion incidents, with 3,803 of them resulting in a confirmed data disclosure. These figures come from the Verizon Data Breach Investigations Report, which uses a global dataset to measure the performance of global enterprises. With quantum computing on the horizon, many industries feel pressured to improve their security, specifically against system intrusions.

Cryptography offers no solution for DDoS attacks, however, which made up the lion’s share of attacks, with 16,843 incidents that resulted in just 3 confirmed disclosures. Likewise, social engineering remains a problem – 3,661 incidents with 3,032 disclosures – but blockchain can and will play a larger role in verifying individuals in digital spaces.

Crypto & Blockchain Experience in Entertainment

Similar to how streaming brought our entertainment a little closer to the internet, crypto and blockchain will further digitalize the entertainment industry. They allow for trustworthy digital economies where crypto assets can be traded instantly, following terms set out by smart contracts. Those assets, including objects in the real world, can also be tagged on a blockchain to verify their authenticity for buyers and sellers.

This means digital spaces, collectible buyers, and luxury products can use the blockchain to cut down on piracy, knock-offs, and other practices that can eat at profit. So, if you have experience in coding/designing cryptocurrencies and other digital assets or with blockchain, then you could join an entertainment business that’s looking to future-proof its online presence for Web3.

Those are just some of the present and emerging paths we can see for someone with experience in the crypto industry. By knowing how distributed ledgers work, a lot of doors can open up for you in any industry with a digital wing.

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