EMURGO, the official commercial and venture arm of Cardano, a third generation blockchain, has formally announced its entry into the Indian market with the establishment of EMURGO Academy (EMURGO Learning Solutions Private Limited). Along with local support from Indian government officials and enterprises, EMURGO Academy will train developers and create blockchain experts to expand the usage of blockchain technology.
Blockchain technology along with big data, artificial intelligence, and Internet of Things (IoT) are expected to play central roles in the upcoming years across vast industries. The Indian government has spotlighted the potential applicability of blockchain technology to several use cases such as land registry, education and health records, and supply chain management.
However, the limited supply of qualified blockchain developers worldwide has been unable to keep up with increasing demand by big and small enterprises for blockchain development due to a lack of proper educational courses.
With more than 1,000 initial coin offerings (ICOs) having launched in 2018 alone at a cumulative raised value of more than $7.8 billion, blockchain projects have an intense need to recruit top blockchain talent. In addition, several major Fortune 500 corporations such as IBM and JP Morgan Chase have either started or will start in-house PoC (proof of concept) or pilot programs experimenting with implementing blockchain technology in their own business verticals.
Blockchain-related jobs were the second fastest growing in the labour market last year with a staggering 14 job openings for every blockchain developer. Professional social networking site LinkedIn announced that “blockchain developer” was the fastest growing job over the last year on their platform.
In the case of India, the IT market is one of the biggest in the country with a current market size of $160 billion and projected to more than double to $350 billion by 2025. The Indian IT industry employs 4 million workers with nearly half comprised of software developers. Yet, of the 2 million software developers in India, only 5,000 or a quarter of one percent (0.25%) possess the necessary blockchain development skills.
To meet this ever-increasing demand in the Indian and overall worldwide marketplace for blockchain developers and experts, EMURGO Academy will foster an online and offline community through the creation and delivery of curriculums for developers, where aspiring developers can learn to build on top of Cardano. EMURGO Education & Academy will provide a platform to connect developers and companies, enabling more opportunities for both parties.