Introduction

Are you looking to become a blockchain developer? Then, this is exactly the place for you.

Blockchain is changing sectors and opening up new prospects worldwide. In addition to understanding the technology’s architecture and protocols, a blockchain developer creates smart contracts and decentralized apps based on blockchain.

In this blog post, we will delve into the essential information required to become a blockchain developer in India, including salary details, job responsibilities, and strategies for launching this career.

An Overview of Blockchain

Suppose you have a digital ledger that logs transactions securely, openly, and impenetrably. Distributed throughout a network of computers called nodes, this ledger is made up of data blocks connected in a chain. Every transaction is added to the blockchain by a procedure known as consensus after being confirmed by the network users.

One of the revolutionary features of blockchain is its capacity to promote trust. Every block in the chain cryptographically connects to every other. This makes it nearly impossible to change one without changing every other block due to the network’s decentralized structure. In addition, blockchain’s security attracts users for a variety of purposes, such as supply chain management, financial services, and healthcare.

One of its key features is decentralization. Operating on a distributed network, blockchain ensures no single point of failure and improves security and resilience compared to conventional centralized systems. This decentralized structure speeds up transactions, drops costs, reduces risks, and eliminates mediators.

Blockchain Market Size: India and Global

The Economic Times stated that the blockchain market size in India was $0.28 billion in 2019 and is expected to reach $4.3 billion by 2025. Fortune Business Insights valued the global blockchain technology market at $17.57 billion in 2023.

The competition is intensifying as new blockchain ventures continue to emerge. Key players in this market include Accenture Plc, Amazon.com Inc., Infosys Ltd., Salesforce Inc., and Tencent Holdings Ltd.

Several businesses are forming alliances to improve their offerings in the field. Alibaba Group revealed that Alibaba Cloud and Mysten Labs, a major Sui blockchain developer, would be collaborating. Further, in 2023, 18 firms declared a collaboration alongside Infura, created by Consensys. Through the collaboration, Infura hopes to develop a Decentralized Infrastructure Network to improve Web3’s accessibility, dependability, and efficiency.

Jobs Available for Blockchain

There are hundreds of job listings available for blockchain developers. A few such companies are Uplers, MAI Labs, Aloha Protocol, FXDX, Tata Consultancy Services, and many more. The industry has been seeing massive growth and demand, with data from LinkedIn stating that in 2021, job postings for blockchain positions on Glassdoor witnessed a 300% yearly growth rate worldwide.

Blockchain developers can find opportunities in both the software development and gaming fields.

Job Titles for Blockchain Developers

Blockchain developers go by several titles, reflecting their roles and knowledge base within organizations. Some common job titles include:

• Blockchain Developer: Develops and deploys blockchain-based systems and applications, with a focus on writing code to create smart contracts and decentralized applications (dApps)
• Blockchain Engineer: Specializes in creating, implementing, and preserving blockchain systems and infrastructure with an emphasis on security and scalability
• Smart Contract Developer: Creates and tests smart contracts, which are self-executing contracts with the conditions of the agreement put into code
• Cryptocurrency Developer: Creates and maintains cryptocurrency platforms and apps, including new cryptocurrency creation and blockchain technology integration
• Blockchain Consultant: Offers businesses professional guidance and strategies on how to successfully apply and use blockchain technology to handle business issues and enhance operations
• Blockchain Architect: Creates the general framework of blockchain systems, specifying the interactions between different parts and ensuring the general integrity and security of the system

Each role comes with its own set of responsibilities, be it coding smart contracts or designing decentralized applications and implementing blockchain solutions.

Blockchain Developer Salary

In order to narrow down your job search, it is essential to know about common salary rates for similar positions. This way, you can get an idea of your current position in the field.

• Blockchain Developer Salary Per Month: The typical blockchain developer’s salary per month is about ₹77.3k.
• Blockchain Developer Fresher Salary in India: The starting salary for blockchain developers in India is typically around ₹2 Lakhs per year.
• Average Salary of Blockchain Developers in India: The average salary for a blockchain developer in India is ₹9.3 Lakhs per year.

Blockchain Developer Salary in India

The salary for blockchain developers varies heavily depending on knowledge and experience levels. If you’re a fresher, the average salary in India is estimated to be ₹16.7k per month.

According to data from Glassdoor, the typical base pay range for blockchain developers in India ranges from ₹5 Lakhs to ₹10 Lakhs, with an average pay of ₹7,30,000. However, as you progress in the field, gain more experience, and take on more workloads, you can expect to make a lot more.

Blockchain Developer Salary in the USA

According to Glassdoor, the average salary for blockchain developers is $141,308 per year in the United States. The average additional cash compensation for a blockchain developer in the United States is $28,120, with a range between $21,090 and $39,368.

Blockchain Developer Salary in Chennai

According to AmbitionBox, the average salary for blockchain developers in Chennai is ₹6.4 lakhs per year.

Blockchain Engineer Salary

According to AmbitionBox, blockchain developer salaries in India range from ₹2 Lakhs to ₹20 Lakhs, with an average annual salary of ₹9.3 Lakhs.

How to Start a Career in Blockchain with IEEE Courses

If you’re looking to begin a career in blockchain but aren’t sure where to start, you need a good starting point from which to gauge your level of proficiency.

The Institute of Electrical and Electronics Engineers (IEEE) Blended Learning Blockchain course is a self-paced, inexpensive course that teaches you the basics of what you need to know. This course introduces you to:

• Block technology and its origin
• Features of Blockchain technology
• Types of architecture supported by Blockchain technology
• Applications of Blockchain technology

You can complete the entire program in six months, which gives you plenty of time to get your feet wet. The IEEE Blended Learning Programme designs its e-learning as an interactive online course accessible through a web browser interface.

Conclusion

Blockchain technology offers countless possibilities, both globally and in India. The pay and benefits associated with this exciting professional path are rising, along with the need for blockchain developers.

There has never been a better opportunity to get into blockchain, whether you’re an academic excited about research, an industry worker looking for new challenges, or a student ready to start working.

Accept the future, get the necessary training, and become one of the pioneers using blockchain technology to shape the world.

Are you interested in learning more about blockchain and its capabilities? Check out the blogs to learn more and expand your opportunities.

FAQs

1. How much does a blockchain developer earn?

A blockchain developer’s salary varies depending on factors such as experience, location, skills, and employer. On average, blockchain developers can earn competitive salaries ranging from ₹2 Lakhs to ₹20 Lakhs.

2. Is blockchain a high-paying job?

Yes, blockchain development is considered a high-paying job due to the increasing demand for skilled professionals and the complexity of the technology involved.

3. What is the average salary of a TCS blockchain developer?

According to Glassdoor, the average salary for a TCS blockchain developer is ₹6 Lakhs per year.

4. What is the salary of a blockchain developer at Google?

Glassdoor states that the estimated total pay for a blockchain developer at Google can be ₹19.1 Lakhs to ₹21 Lakhs per year, including base salary and additional pay.

5. How much can a blockchain developer earn in India?

In India, blockchain developers can currently expect to earn between ₹2 Lakhs and ₹20 Lakhs per year, with higher salaries based on experience and specialization.

6. What is the salary of a blockchain developer at TCS?

According to data from Glassdoor, the estimated total pay range for a blockchain developer at Tata Consultancy Services is ₹5 Lakhs to ₹8 Lakhs per year, including base salary and additional pay.

7. What is the salary of a blockchain developer in Amazon India?

Amazon India offers competitive salaries to blockchain developers. According to AmbitionBox, blockchain developer salaries at Amazon India range between ₹10 Lakhs and ₹17.2 Lakhs.