Blockchain Tech Opportunities for Millennials and Youths

Millennials are the children of the Baby Boomers. The oldest Millennials are born at the early 1980s.

Youth is the time of life when one is young and often means the time between childhood and adult hood (maturity). The intergovernmental organization, Organisation for Economic Co-operation Development (OECD) defines youths as “those between 15 and 29 years of age”.

These young adults are shaping our culture today. Millennials are the largest generation in today’s workforce. They will increasingly become the driving force behind technology and new trends in products and services.

Millennials and Gen Z will be known as the generations who took alternate career paths in IT. It’s no coincidence that the rise of the gig economy has coincided with Millennials growing and ingraining themselves within the tech field.

To describe the to and fro of this generation in the scheme of things, let name the protagonist, R.man.

 

R.man has been raised as a latchkey kid (like many of his peers) as both of his parents were hard at work to bring home the bacon. He is tech-savvy, open to change and, generally, can’t stand the phrase, “Well, that’s how we’ve always done it.”

R.man on growing up into adulthood, acquired certain personality traits, namely, fiercely independent character, view everyone as equals. He also value volunteering and purpose driven work.

Ever since the 2008 financial crisis, banking institutions have been caught up in scandal after scandal. People, especially young adult like him have trust them less and less. The coincidence of the launch of  bitcoin and decentralized technology in 2009 had generated the impetus to create digital currency on a  peer-to-peer basis to early adopters, the millennials. With the blockchain, you don’t need a central authority like a bank to hold a record of all the transactions that happen with cryptos.

Blockchain Technology can help Two billion people in the world still do not have a bank account. Blockchain could help integrating these people into society and the global …. Blockchain service models have the potential to address issues of financial mobility for society at all levels.

Mohsin Jameel, CEO of Bull Infotech have heard the term, “blockchain” and “cryptocurrency,” being used as synonyms. What people don’t realize is that cryptocurrency is just one application of blockchain and there are plenty other real-world uses of this amazing technology.

Know about 10 Most Interesting Real-World Applications of Blockchain Technology

Smart Contracts

Money Transfers across Borders

Decentralized Internet

Retail Loyalty Programs

Digital IDs

Supply Chain Management

Data Sharing

Digital Voting

Real Estate

Food Safety

 

One company Brillembourg Holdings, has already started developing  blockchain technology services STEP (Simple Travel Ecosystem Protocol), offering  travel and hospitality products and services, in anticipation of future needs of Millennials and Gen Z for such services.

 

R.man is training himself earlier and more quickly as he looks to enter the IT talent pool faster than those who came before them. He is pursuing alternate methods of education and training, like taking up online courses in order to learn new relevant IT skills.

R.man has hope of making a difference to other people lives. He may take a plunge into blockchain internet world, to pursue a career or a new startup that energizes his personal traits for something he is passionately about.

 

The makeup of the IT industry’s talent pool is changing. Generation Z and Millennials in Tech are reshaping working landscape.

Blockchain Tech Industry players, are your hiring strategies evolve them?