The blockchain and cryptocurrency: who profits and who will get fired

Prime Minister Dmitry Medvedev said that the technology of the blockchain in addition to the benefits it brings threats. One of such threats looming sword of Damocles over the representatives of the traditional professions, which until recently was a blockbuster, and now the risk to go down in history. According to some experts, as a result of active digitization of the economy in the next ten years the world won’t need lawyers, bankers, accountants and administrators. But there are other highly paid professions with the prefix “blockchain”. “MK” is figuring out how the digital economy transformerait labor market, what happens to the “old” professions in competition with the “new” and where will future professionals in a sluggish education system of Russia.

Recently, well-known head-hunters, the structure said, who will get fired in Russia in 2018. It turned out that without work there can be call-center operators, entry-level accountants, lawyers, insurers and operators input. The main cause is the total automation of labor. Dismissed the Russians will have to re-join the race for jobs. Judging by the discussions have already got under reduction of the staff on the forums dedicated to the job search, many are going to dive into the popular topic of the blockchain, because specialists in this field and are now looking for are often take at high prices.

Some manage to get pretty quickly: as written in one of the groups in social networks Muscovite Anna, it took her two months to delve into the intricacies of the stock market, blockchain and ICO with articles in the media, analysts, specialized portals, educational videos. Then she got a job in one of the IT companies, where she tells customers about the benefits of the blockchain for business.

Who will get fired blockchain

Full the indisputable advantages of the system is the blockchain — a decentralized distributed registry, when all the information is open and transparent for participants — is designed to simplify the production and economic processes. It is believed that its widespread implementation would eliminate the need for routine paperwork, because all information, including financial, will be stored in chained blocks, accessible to each participant of the system. The blockchain called the “Kingdom trust”, but in this Kingdom will not be some professions that until recently were considered prestigious.

The main strike will be a profession related documents and statements. When the blockchain will be included in the document management system, accountants and secretaries will have nothing to do: all transactions, transactions, transactions will be checked by the participants of the system that is constantly automatically updated. While it is difficult to forge: the contained data is stored in a decentralized manner, at the same time.

The need will disappear in the activities of notaries: the expensive services certification of documents and copies will sink into Oblivion, because to verify the authenticity of the papers will be easy in the databases based on the blockchain. There will be no need in such function of lawyers as verification of transactions for compliance with laws: to peresherstit legislation can and computer, and more efficiently. The blockchain can “destroy” and also real estate agents because real estate purchase will no longer need to double-check the documents or to receive numerous certificates, e.g. for obtaining a mortgage: all information will be contained in the blockchain databases.

More recently, many have slept and saw how to get a job in a Bank and now the banks themselves may disappear altogether. Even top managers of financial institutions fear that soon will be unemployed. Vice-President of Sberbank Andrei Sharov not so long ago stated that the blockchain will change the banking sector already by 2026. According to him, Western financial institutions have already begun the transition to the rails of the blockchain. So, the Bank of England have formed a consortium of 50 British banks, which began a full reboot banking business models on the blockchain technology.

Banks are the intermediaries in financial transactions between people and organizations, but in the ideology of the blockchain is the concept of liberation from intermediaries, therefore, financial institutions with their huge staffs obviously have hard times. Even lending is possible without the participation of credit institutions. On the basis of the blockchain is now actively developing its platform, reel-to-peer lending (P2P), that is, from person to person. In other words, the loan funds can be individuals or legal entities directly, without intermediaries in the face of financial institutions and a creditor can be any person.

The retail sector is also transformed beyond recognition in the shops will not be cashiers, and the products on the shelves will be able to place robots. As said the Internet Ombudsman Dmitry Marinichev, in 15-20 years people will become quiet and just go with them. “The payment will be made on the digital DNA of each person, and each of us will have its own blockchain value, the private digital currency, and the money, being digital, will become a public value,” paints a futuristic picture fit.

For the “numbers”

Cryptocurrency and the blockchain is already transforming the way the labour market is gradually but inexorably. According to the service to job search Indeed, the number of application forms, the title of which contains the word “blockchain”, increased by 6 times in 2015, and the number of vacancies — 10 times. Thus, in this new region there is a shortage of workers, which, according to experts, will not be closed another 3-4 years. In the recruiting portal HeadHunter at the beginning of 2018 was found about 190 vacancies in the field of blockchain: requires not only the developers of such systems, but also lawyers, journalists, project managers, financial analysts cryptocurrency. Most applicants, especially developers, are invited to the salary from 100 to 200 thousand virtually any. For the Humanities — for example, marketing by the ICO or translator — the price tag is below: 60-90 thousand virtually any. And in leadership positions — for example, the technical Director for the blockchain — to offer more than decent money: from 400 thousand virtually any.

Most experts in the blockchain and crypto-currencies need banks and other financial organizations. And there is a chance to settle in a foreign company: in the West a study of the benefits of the blockchain and ways of adaptation of the banking business for a long time doing. For example, in U. S. investment in this sector amounted to more than $2 billion in wages in Western companies is more than decent. Beginner blockchain developer middling earns about $15-20 per hour, or about $120-160 per day, per month is $2500-3500. But the bet developer with experience in the blockchain is already $60-100 per hour, or over $15,000 per month. Despite such high prices, specialists in the labor market strongly enough. In Russia and CIS countries, the remuneration on average, 2-3 times lower, so Western companies and entice our compatriots.

Many new professionals want to one more product of the blockchain — the instrument of raising funds for development projects Initial Coin Offering (ICO). Leaving the ICO, companies post their internal cryptocurrency tokens that offer to buy investors. After launch, the owners of the tokens can be exchanged for goods, services, or to receive dividends. But investors need to be interested in the project, convinced of its potential, to make to invest — and then it becomes necessary not only IT professionals, but marketers, PR people, copywriters, project managers, lawyers.

The word “cryptocurrency” can be heard here and there, but in this concept, few people ponder. Its name this kind of digital currency owes cryptography. Creation and management of bitcoins, Averianov and other virtual currencies based on cryptographic methods that operate in the system of the blockchain. Hence, one new area of knowledge — applied cryptography, specialists in which is also sorely lacking. But then Russia has reason to be proud: in Moscow lives and works of 14-year-old student-cryptogenic Nikita Məmmədli. The boy has developed several apps and programs on the blockchain, has created his robot and now teaches cryptography in the educational project “Cyber Russia”.

As noted in an interview with “MK” senior analyst, “freedom Finance” Vadim Merkulov, now for blockchain projects, the labour market is a pain. “There are almost no specialists who understand new technologies, and those who are familiar with Baccano, evaluate their services very expensive and can request up to 500 thousand virtually any a month. Similar story with the engineers in mining. New trend, people making a big margin on their services, capitalizing on the ignorance of employers and the lack of specialists in the market”, — said the expert.

It turns out that those who caught the wave and somehow turned into “boccanera”, now all cards in hands. As claimed by the experts we interviewed, duties blockchain professionals are not clearly defined, therefore, a superficial understanding is enough to please the employer. According to Merkulov, the labor market will soon reshape and increase the supply of wages is still unique specialists will decrease. “This will happen due to the fact that customary pros — still in the majority they require the blockchain to adapt to the new trend and will investigate new technologies to enhance your own skills. I think that the situation with the Russian labour market stabiliziruemost by the end of 2018 — beginning of 2019,” the analyst suggested.

And who will teach?

10-15 years ago the map of occupations was much poorer. The market economy and nascent capitalism brought changes to the education system. The same you can expect from the digital economy, which is sweeping the world. The labor market, which is experiencing a shortage of personnel in the field of blockchain, could help the training needs of personnel in universities, but it is also a matter of a few years.

The rector of Academy of labor and social relations Alexander Safonov I am sure that there is no sense in opening of new specialties in universities, as a profession and set standards for them has not yet formed. “At this stage, the deficit in the blockchain specialists will be met by people who have basic education and you will study new skills through practical activities, — says the interlocutor of “MK”. — In education there is such a thing as “the Dutch cycle of the family”, the essence of which is that labor market makes queries and adapts to these requests faster than they are preparing educational programs and training programs for these professionals.” He cites the example of the 1990-ies, when there were many requests for market professions: traders, brokers and others. Then appears the company took on the job of those people who can adapt to the new requirements by trial and error, so most of the niches have been filled by specialists before the calls are answered by the education system. “Unlike the’ 90s, the demand for professions in the field of blockchain small. As it will grow, will be edited and educational programs, but until the new items and there is no one to teach,” adds the rector.

However, some universities decided to respond to challenges immediately. For example, one of the universities in the country in 2017, has opened an educational program for managers blockchain projects that really pay. Two months of training will pay from 85 to 170 thousand virtually any depending on the tariff, which may include remote or on-site training. “The creation of such educational courses — just trying to join the fashion trend and cash in on the hype,” they say in one voice interviewed by “MK” experts.

It turns out that the educational centers also expect to earn good money on the passion for the blockchain: while it really is no one understands, and therefore can not assess the qualifications of teachers, no quality education, it is possible to speculate on the emerging shortage occupations forced and drawn people to new knowledge because of the fear to be left out of the updated labour market.

However, as the saying goes, strike while the iron is hot: it is possible that cryptopuzzle burst, so now is the time to cash in.

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