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KPMG Recognizes Top Four Skills That Require For Blockchain Professional

BFSI News

KPMG_Recognizes-Top-Four-Skills-That-Require-For-Blockchain-Professional-1 KPMG Recognizes Top Four Skills That Require For Blockchain ProfessionalKPMG, the Big Four auditing firm, has reportedly recognized the top four skills needed for a blockchain-related career and suggested that an increasing number of companies will investigate blockchain technology this year. The firm stated that “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists. Thus identifying the four major skills needed for a career in the industry.”

Moreover, KPMG argues that the effective implementation of the Blockchain solution relies on professionals with both technology literacy and business expertise. It then requires a profound understanding of specific processes in business, which is necessary when creating and defining a highly-demanded use case and value proposition for a project. As per the company, the significance of technological literacy lies in the consideration of how blockchains actually operate. The firm said that it is critical to understand how to apply that knowledge to a specific use case. Moving forward, KPMG recommends blockchain professionals should have data analytics skills with the aim of understanding and applying data derived from a blockchain, as well as a “hacker mentality” that requires teams to be open and able to explore and experiment by “hacking the problem” from multiple perspectives.

According to a survey by KPMG, which released earlier this year found that 48 percent of C-level executives consider blockchain is likely to change the way they do business in the next three years. While commenting on the possibility of deploying blockchain technology in their companies, 41 percent of respondents are likely to utilize the technology. On the other side, 23 percent of respondents consider that blockchain assists in advancing business efficiency.