Why investment in Blockchain training makes sense

From internships to blockchain schools, blockchain training seeks to address growing skills gap

When tech firm PO8 and the Caribbean Blockchain Alliance (CBA) announced they were running a blockchain internship to find five coders who would intern with PO8 in the Bahamas, it was just one of a range of strategies that the sector were investigating to help address the skills needs of an increasingly sought-after industry. As demand for blockchain continues to grow, particularly in the financial services sector, the need for appropriate skills has highlighted the skills gap in this area. Companies and government institutions are looking for innovative ways to address the training needs to ensure that the right skills are available to tackle the deployment of blockchain in a variety of different ways.

Sarah-Diane Eck, Co-founder & CEO of Sandblock, a French start-up blockchain that completed an ICO in 2018, says France is taking a lead in this area. She says that, aware of the thriving climate of creativity around blockchain, France, in particular, is investing in training initiatives, with many schools and universities now starting to offer courses in blockchain and distributed ledger technologies.

Vive La French Tech!

As of this year in France, leading universities, including HEC and Polytechnique, now offer 50-hour courses on "Blockchain and Crypto-assets". France has also started establishing schools solely dedicated to teaching blockchain, such as Alyra - demonstrating the country's investment in building the infrastructure of the emerging "token economy".

"In addition to the investment in training initiatives, the La French Tech ecosystem has also unveiled a complete overhaul of the French Tech Visa for employees working for a tech company - making it easier for the best in blockchain talent to come work and teach the next generation of blockchain talent in France, as well as The Pacte law, which provides an optional visa for ICOs - increasing the level of confidence in crypto-economy, so that traditional companies increasingly turn to this promising technology," Eck adds.

These initiatives all speak to a growing awareness of the need for blockchain expertise to meet the demands of the sector.

Blockchain ranked joint fifth in Harvey Nash's Tech Survey of new technologies that are having a commercial impact on organisations, behind Software as a Service (SaaS), which claims top spot with 52%, artificial intelligence, Internet of Things, and robotics. The survey found that the use of blockchain is most prolific in financial services, where over one third of organisations are putting it to commercial use. Given its potential for much wider application though, Harvey Nash expects greater usage elsewhere.

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