Tag Archives: Fintech

Business Technology, Competitive Technology

How to Get a Job in the Technology Industry

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How to Get a Job in the Technology Industry

By Competitive Technology

Needs and demands in the technology industry have increased.  Due to tough competition, the technology industry requires skilled employees. There are several ways for people to get a job in the technology industry.  It always starts with building the perfect resume before your first job interview and the best resume writers can help to achieve greater career goals.   

The technology industry needs high-skilled employees because the competition is intense and organizations must offer the best services to customers in order to gain their attention. Individuals must improve their skills to get a job in the best technology organizations because these companies require skilled employees in order to run their businesses.  For job seekers, here are some factors to consider whenever you are trying to find a job in the technology industry.

Image result for growth in tech jobs

The degree of higher education is a ticket for individuals to get the best job in the technology industry. The human resource department of organizations receives several resumes, and they select the resume of a candidate who has the best skills and higher education.

Education also opens ways for the people to get jobs and a company also provides competitive salaries to the high education candidates. There is a direct link to education with the salary because if there will be higher education, there will be a higher salary of the person (Jobflare.com, 2019).     

Higher-Education: Learn Technology Skills

Education does not develop skills in candidates because it is theoretical knowledge although practical awareness is necessary to get better jobs. Students can take admission to institutes to develop technology skills during their education so that they will improve their skills and provide better results in the organization.

Students can also take help from an internship because the internship program helps to improve the skills of candidates. The students can also become aware of the culture of a company when they perform an internship in any company (WORKOPOLIS, 2015). 

Job Seekers Must Have Can-Do Attitude

The technology industry required competitive people who can work under pressure and must have a can-do attitude. The industry has faced several challenges due to which some employees are unable to perform their work; therefore, the industry needs to hire employees who can utilize their skills and capabilities in tough situations.

Sometimes technology companies work on a project that has strict deadlines. If employees have a can-do attitude, they can help the company in projects and also deliver the projects to the customers on time. The technology industry also pays more salaries to the people who have a can-do attitude, and they can work on difficult projects (Fredricks, 2017). 

Being Proactive: Engage Yourself

It is necessary for employees to engage them in new activities because it helps to develop new skills and capabilities, and they can perform better results in a company. When employees engage them in different activities, they will be able to provide better results and also enhance their knowledge.

Individuals need to improve the quality of their work with time so that they can enhance their efficiency and help the company in its success. Engagement in improved skills is crucial for employees to get a job in the technology industry. 

   

Crypto, Financial Technology, Fintech

Financial Technology: The Future of Cryptocurrency

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With the advent of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, cryptocurrency is gradually becoming “the new cash”. Many transactions are now being made easy, hassle-free, and cost-effective. As they gradually penetrate the global economic system many are concerned about its future.

What is Cryptocurrency?

Cryptocurrency is a digital (virtual) currency that is encrypted through a complex method called cryptography, which serves as its security. Hence it is difficult for it to be duplicated or counterfeited. Cryptocurrencies are not regulated by financial authorities such as The Central Bank. It is rather a decentralized monetary system, whose control and regulation is effected through blockchain technology.

Due to its decentralized system, cryptocurrencies are immune to the influences and manipulation of government (they cannot control its circulation and production). Bitcoin emerged as the first known blockchain cryptocurrency, gaining fame globally. With time, however, others emerged some of which are Ethereum (ETH), Dash (DASH), Z-cash (ZEC), Litecoin (LTC) among others.

Cryptocurrency History

Although cryptocurrencies such as Bitcoins appeared recently, the idea of cryptocurrencies very certainly not a recent one. Various cryptocurrencies such as Electronic Cash and B- money were developed, but they had a major obstacle which impeded their progress, this is singular issue was; how to avoid the double-spending problem i.e. the using of a cryptocurrency twice. There was a need to prevent it from being duplicated and counterfeited.

In the early 2000’s, however, the first breakthrough seemed to have occurred with regards to this problem, because the first popular decentralized currency surfaced. The breakthrough came by way of the very popular Bitcoin, in precisely the year 2009, packing features which resolved the prior issues former cryptocurrencies faced. Bitcoin has a very secure system known as the blockchain technology which prevents it from being duplicated or used twice. The emergence of other cryptocurrencies hereafter followed one of which is the Litecoin(LTC) which was released in the year 2011.

What Does the Future Hold for Cryptocurrencies?

The decentralized and encrypted nature of cryptocurrency has made a rapidly growing and very recognized means of payment globally. However, one basic feature of the cryptocurrency, its finite supply, has caused a growing concern among many about its future. Many express optimism about its future prospects while others are pessimistic about it. Many counties such as the United States, the United Kingdom, and Australian have accepted the use of the cryptocurrency, many are hopeful to the possibility of the currency gaining acceptance and usage in more countries of the world.

Popular Optimistic Predictions

A number of predictions have been made with regards to the future of the cryptocurrency some gaining popularity.

Lori Beer, J.P. Morgan Chase CIO 

Blockchain will replace the existing technology.

Kim Dotcom – Advises his fans to buy cryptocurrency:

Dollars are gradually becoming worthless.

Jeff Sprecher, CEO of NYSE (world’s largest stock exchange):

Cryptocurrency is the first worldwide currency.  

Pessimistic Statements

Other than the positive prospects cryptocurrency has for the future, people are still skeptical about it. A notable expression of pessimism was relayed through the person of Vitalik Buterin, the creator of Ethereum (the world’s second-largest cryptocurrency):

The Blockchain industry is about to hit the ceiling, there is no room for growth.

The Future of Cryptocurrency Looks Bright

Global Usage:

The traditional means of payment, i.e. paper currency, though still largely used by people all over the world, there is a prevalent belief that people will switch over to the cryptocurrency in the future, especially businesses, because with this they can evade middlemen costs from various businesses. This, in turn, will make services cheaper for end users. All these they believe will happen whether people are aware of it or not.

Government Agencies:

In the future, with the availability and security of the blockchain, the government will adopt cryptocurrencies for the management of their states, because, in the future, cryptocurrency will manage the cash flow in the country.

Exchange Trading:

More currencies are emerging and in the future more will still come and their prices will rise. Many would start trading in different cryptocurrencies.

When the prices of other cryptocurrencies like Ripple, Ethereum, Litecoin, and Stellar rise, they will have massive influence in cryptocurrency exchange and crypto world.

Financial Industry / Banking:

Since the cryptocurrency is rapidly growing and making business transactions, banking and other financial industries may experience hindrances in their operations, hence to avoid this, bank will have to accept cryptocurrencies to stay relevant and when this happens, cryptocurrency currency bank accounts will be available and people can open them instead of computer wallets.

Cryptocurrencies would gain wide usage such that debit cards would be made available to facilitate transactions. Generally, this optimistic believe that in the future, cryptocurrency will replace fiat currency and the world evolve to a point of cashless transactions.

What’s Happening Now?

Though many predictions have been made some engendering hope and others while professing the arrival of subsequent doomsday, we have to observe the happening around us with regards to the cryptocurrencies.

Many industries are presently adopting and promoting the usage of cryptocurrencies, some of which are:

  • IBM, Barclay, CLS partnered to form ledger connect to launch blockchain apps for usage in banks.
  • Iran announced to make crypto mining industry.
  • Cyclean, a blockchain company based in Singapore, is launching blockchain-enabled electric vehicles that will mine crypto as people travel.
  • New York medical school founded and launched a research center focused on how to apply blockchain in healthcare.
  • Kaliningrad, Russia, now offers cryptocurrency as a means of hostel room payment.
  • Major Cineplex, a big movie theatre in Thailand, is integrating payment in crypto, to allow customers to pay with cryptocurrencies.

Conclusion

Although pessimists have given their takes, we can see from the predictions and cases that cryptocurrencies definitely have a bright future ahead of it. With the rapid and constant growth of the blockchain industry (the engine of the cryptocurrency), trends suggest that cryptocurrency will be the new money of the future. That future is gradually coming to play as more and more people and businesses are now subscribing to cryptocurrency for their everyday transactions.