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JOB OPPORTUNITIES IN BLOCKCHAIN IN 2018

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JOB OPPORTUNITIES IN BLOCKCHAIN

It is no secret that Blockchain technologies are on the rise. Businesses across a variety of industries are aware that Blockchain technologies have the ability to mitigate transfer and operational costs, increase transaction speed, and eliminate the need for parties to put their trust in an intermediary. Blockchain technologies also have a number of use cases in industries  where the Blockchain can provide businesses with a more secure method of record keeping.

 

Each day, more and more businesses have been inquiring with professionals on how to incorporate Blockchain technologies into their business model.  Concurrently, the demand for employees in the Blockchain industry has been on the rise and is expected to thrive in the new year.

 

In 2018, there will be many opportunities for individuals to work in the Blockchain industry. Here are a few careers in the Blockchain industry that will be in high demand in 2018.

 

Project Manager

Businesses are interested in incorporating Blockchain solutions to optimize their businesses. That being said, Businesses will need to communicate their ideas to a Blockchain company who is able to meet their demands. To do this, there will need to be an individual to facilitate the projects that arise as the Blockchain company takes on more clients. A project manager in the blockchain industry will need to be able to convert the businessman’s english to a developer’s technical language, and from developers technical language back to the businessman’s english, so that the fintech company and the business interested in incorporating Blockchain technology can successfully do so.

 

A project manager is often the first person in a company who is contacted when a business looking to incorporate Blockchain technologies into their platform reaches out to a Blockchain company that can make that possible. It is the project manager’s responsibility to plan and supervise the execution of a project.

 

Community Support

Blockchain technologies have been all over the media lately. Recently, there has been a large influx of people investing in cryptocurrencies, interested in incorporating Blockchain models into their businesses, and users of decentralized applications.

 

It just so happens that a majority of these people have never dealt with the Blockchain or cryptocurrencies ever before in their life–which is no surprise, Blockchain technology is not even 10 years old yet!

 

Therefore, there will need to be individuals who can troubleshoot the problems that users are likely to have at some point in their experience on the new Blockchain related applications and platforms

 

At this point in time, the knowledge regarding Blockchain technology is rather esoteric, so there is going to be a large demand for individuals who understand Blockchain technologies and cryptocurrencies and can troubleshoot and solve the problems that at least some individuals in the Blockchain community are bound to have.

 

Developer

Developers may have the most career opportunities in the Blockchain industry at this point in time. Banks, financial institutions, government agencies, insurance companies, and tech companies, are interested in running Blockchain platforms to better service their clients and users and to optimize the efficiency of their own businesses. But before businesses are able to accomplish their goal of Blockchain implementation and increased efficiency. The programs and platforms these businesses are interested in providing will need to be created.

 

As the phones at Blockchain technology companies continue to ring off the hooks due to businesses interested in incorporating Blockchain technologies calling at all hours of the business day, there is a dire need for individuals who develop and write the code that runs the program and platforms businesses are interested in providing.

 

Law

As the number of businesses interested in incorporating blockchain technologies increases, the demand for law services in the Blockchain and digital asset space will continue to grow. At the “Working in the Blockchain Ecosystems in 2018” event, lawyers said they have been receiving an increasing number of phone calls from clients and potential clients inquiring about the structuring and governance of ICO’s and looking for advice on issues that they may run into on their Blockchain/fintech endeavors.

 

A number of new businesses have emerged with the creation of Blockchain technologies, and practically all of these businesses are going to need legal guidance throughout their launch process.

 

Design

All of the new Blockchain related start-ups and businesses interested in hosting token sales will need to have a web-page to inform clients, customers, platform users and  potential investors, of what their company offers, what the company’s mission is, who the team members are and what their backgrounds are, etc.

 

These companies will need to have a web-designer who can create the web pages that new Blockchain related companies will find are necessary to have.

 

In 2018 there is going to be several career opportunities in the Blockchain industry. With the rise in demand for Blockchain services, recruiting services like Jonathan Perkins and John Crain’s,  BlockchainJobs.Co  make the employment process easier by connecting companies looking for employees, with individuals looking for work.

 

At this point in time, a lot of individuals may feel as if they are not knowledgeable enough about Blockchain technologies and are not fit to apply for a position in that space. However,  individuals should keep in mind that employers are going to have to be reasonable when hiring, Blockchain technologies are not even ten years old–therefore businesses cannot search for a Blockchain guru with 20 years of Blockchain experience… that individual does not exist.

 

Knowledge regarding Blockchain technologies is rather esoteric at this point in time. As long as an individual is skilled and has experience or experiences that make them fit or capable of completing the duties for a position, then that individual will be able to capitalize on the job opportunities in the Blockchain industry in 2018.

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Blockchain Dispute Resolution Firm Listed On London’s Stock Exchange

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The Main Market of the London Stock Exchange now lists a new blockchain dispute resolution firm which uses smart contracts to manage arbitration and dispute resolutions around transactions. As officially announced on January 17, the firm intends to list on the LSE.Proof of Trust Ltd. is the name of the business and even though it did not give any financial details or timetable for the listing, the CEO Dean Armstrong said that the company was excited at the prospect of the listing and “look[s] forward to providing investors with the opportunity to share in this groundbreaking project."Additionally, the blockchain dispute resolution firm describes its proprietary technology in the crypto news as one that stands to be the first-ever "insurance protocol for blockchain transactions and smart contracts." As it stated:
"The Proof of Trust owns the worldwide patents to a protocol which facilitates clear dispute resolution based upon smart contract disputes which are highly efficient both in terms of speed and use of resources."
The system also delivers an anti-collusion algorithm which ensures the authenticity of the data used to execute smart contracts. Proof of Trust claims that the protocol has come to the attention of major governments and corporations globally and has been presented to a number of prime ministers.Now, the blockchain dispute resolution firm is probably going to gain more respect after it decided to seek a listing on the LSE and similar exchanges. The truth is, the crypto industry has long suffered from a poor reputation in the traditional financial circles and the lack of regulation during the ICO boom did nothing to alleviate this.The blockchain news now show that more and more crypto firms are choosing to go down the more traditional route and have an initial public offering (IPO) of shares on a major stock exchange. The first firm which did that on the LSE has been doing pretty well - Argo Mining has added 1,000 new mining machines and had seen its share price almost triple since May 2019, reaching £9.50 ($11.85) per share. Even though the price dropped back, it is still strong standing at £7.15 ($9.32) per share.The market news show that there might be a bullish run soon and that BTC could finally reach the $10,000 mark.
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YouTube Purge Comeback: Davinci Reports His Channel Was Blocked Again

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The YouTube purge is back after it became an important topic in the last days of 2019, but it looks like it could be still in duration. Another well-known cryptocurrency YouTuber has lamented that he received a strike on a live stream video recently and his ability to upload new content was removed as we are reading in the latest cryptocurrency news.During Christmas time in 2019, the most talked topic in the cryptocurrency community was the YouTube purge. The content-sharing platform that is owned by Google began striking, removing videos and deleting accounts that were related to cryptocurrencies. The number of influenced influencers quickly increased, however, the issue was solved in a few days, supposedly. Furthermore, YouTube claimed that it was a huge misunderstanding, that happened because of a mistake, and the videos were allegedly restored.But it looks like things had not changed i.e. things are not back to normal. DAVINCIJ15 well-known crypto YouTuber, claims that he had received another strike on his last live stream video. Although he thinks it is a mistake on the platform’s behalf, he says that he cannot upload or stream any content. The crypto community demonstrated notable support during the first stages of the Purge. The same thing happens again, as a multitude of people shares the post and comment on the subject. One of the well-known defenders is The Moon Carl who in an interview with Cryptopotato asked on the matter is he afraid that the YouTube purge could return he said:
 “Yes, of course! The fact that it happened once shows that it’s completely possible again in the future. However, I don’t think it’s likely that my channel receives any strikes again in this specific purge, because I was reinstated after manual review. But, I think it’s important just to realize how much power YouTube has over YouTubers.”
Also, there are a lot of people that think about the content sharing platform that is owned by Google, as a power monopolist, which is bad for the content creators. They have over and over again emphasized decentralized media sharing platform as a good alternative. Which lacks the centralized part of authority, which will eliminate the ability to ban or delete videos on the concrete topics, such as cryptocurrency.
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Bithumb Filed Complaint Against The National Tax Service

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The well-known and the biggest South Korean cryptocurrency exchange, Bithumb filed a complaint with the Tax Tribunal against the National Tax Service (NTS). The crypto exchange company wants the Tribunal to nullify a tax for nearly $69.3 million, which was imposed by the National Tax Service (NTS) on Bithumb’s customers as we are reading further in the blockchain latest news.At the end of 2019, the National Tax Service (NTS) imposed $69.3 million of withholding tax on the customers of Bithumb according to a certain report. Then this was the first case where the South Korean authorities had taxed crypto transactions.The well-known exchange expressed that it will take legal actions towards the decision of the National Tax Service (NTS), and it looks like they have fulfilled their promise. Earlier this day, South Korean news reported that Bithumb filed a complaint with the Tax Tribunal. The crypto exchange claims that the needed taxes are already paid by them and that the National Tax Service (NTS) request is without any ground. An official from Bithumb spoke on the issue:
 “We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.”
The withholding (retention) tax must be paid to South Korea by the payer of the income and not the recipient. The Tribunal has to bring a decision on the case in a deadline of 90 days. The defense of Bithumb is grounded on the fact that cryptocurrencies are still not recognized as currencies by the South Korean law, and that authorities should not tax them based on that.This is where the arguments crash. The National Tax Service (NTS) considers that the gains withdrawn in Korean Won from foreigners must be taxed. But experts on the issue are supporting the argument of Bithumb, that cryptos are not still regulated under the tax laws of South Korea. An adviser to the Financial Supervisory Service, Choi Hwoa-In Supposedly talked about this:
“Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.”
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Nakamoto LTD Insurance For Custody Accounts Launched By Gemini

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Today, the US Exchange Gemini by the Winklevoss twins, launched Nakamoto LTD, a captive insurance company that will serve the custody accounts according to the reports that we have in our cryptocurrency news.The press release says that the announcement explains that with the coverage of up to $200 million for offline storage but it is the largest purchase by any other crypto custodian across the globe. The insurance company is called Nakamoto LTD and is licensed by the Bermuda Monetary Authority and the company worked with the insurance brokers Marsh and Aon to set up the platform in Bermuda which is a commonplace to set up a business because of the favorable tax conditions.The latest risk-mitigation development of Gemini, gone to great lengths to ensure compliance with the US regulators and security for the client base and it now offers the clients the opportunity to purchase additional insurance for the separated crypto assets along with the hot wallet coverage for the funds to be kept online. The US dollars that are held on the Gemini platform are covered by the Federal Deposit Insurance Corporation which is a ‘’pass-through’’ deposit insurance for up to $250,000 per customer. This kind of insurance is American federal-level insurance which covers all of the qualified accounts.Aon serves as the captive manager and Marsh’s Digital Asset Risk Transfer team worked for the broker excess insurance from the commercial markets. It is evident that the self-insurance funds are now much more common in the crypto exchange and it is welcomed by the crypto community since it provides some assurance to the users that their funds are safer from theft. Binance divers a share of the trading fees into the self-managed insurance fund that is called SAFU which was used to cover the individual losses when the exchange got hacked last year.The captive insurance operates separately from the company of which it operates and these companies are formed by larger firms as a means of formalizing the self-insurance. Rather than purchasing insurance policies with the help of third parties, a company can choose to self-insure against the losses by setting up a fund. Gemini is now a subsidiary that provides risk mitigation services that will cover the financial losses that are not dissimilar to an external insurer.
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