The blockchain, often associated with cryptocurrencies, has long been considered a secure database for businesses. Everything indicates that its adoption for this purpose is on the rise. Some have dismissed the hype that surrounded blockchain a few years ago, but many major companies have finally put it into production.
Take the example of the supply chain. Avery Dennison is using blockchain to deliver a cloud service offering that provides supply chain services to some large consumer goods companies and their customers. According to Neil Hay, market development manager for Avery Dennison’s atma.io division, which provides SaaS-based supply chain services, the advantage lies not only in the efficiency of blockchain and security. , but also in its general transparency.
The advantage of blockchain is that it allows “the traceability of supply chains, a better understanding of products and what makes up these products” explains Neil Hay to the Blockchain Journal during the recent World Economic Forum. This extends to the quality of the materials, the origin of the manufacture and the impact on the environment. “As the product moves through the supply chain, we give that immutability and trust to the consumer, and we have that auditability, traceability, and transparency that comes with a blockchain.”
Soaring demand
This verifiability has been lacking in supply chains, argues Neil Hay. “We don’t have to look very far to see examples of companies that believed what was happening upstream in their supply chain was true, that the things they reported, they fully believed. But the possibility of having this element of verifiable traceability, of transmitting to the customer the confidence that you have in a single element, that is what makes the interest of the blockchain for us »
Perhaps the industry now understands that blockchain can open business opportunities in a networked economy. A recent report even identifies blockchain as the most in-demand IT skill over the past year, outpacing typically popular skills like cybersecurity in terms of growth. The most popular skill is still the perennial favorite, JavaScript.
This study, published by DevSkiller, an IT skills assessment platform, finds that the demand for blockchain skills increased by 552% in 2022. “Interest in blockchain is on the rise likely due to its security strengthened, its greater transparency and its instantaneous traceability”, argue the authors of the report. The report’s findings are based on 209,249 coding tests sent by the DevSkiller platform to candidates from 54 countries.
“Last year, we had more new customer inquiries than ever for blockchain and low-code and no-code technologies,” add the authors of the survey report.
Breaking down the blockchain-related IT skill set, Solidity was the most commonly tested skill, with a 44% share of the number of skill assessments sent to candidates and employees. It is ahead of Hardhat (22%) and Smart Contracts (15%) which occupy the first three places respectively.
Source: ZDNet.com