IBM Talks About Establishing a Blockchain-Dependent Workforce to Satisfy Increasing Needs

That Gibraltar became a leader in the blockchain world did not come as a result of an accident. It was due to meticulous planning, the synergy between different stakeholders and leaders who have the will to confront risks. By virtue of its nature and status gained, Gibraltar has carved a niche for itself as a place for spotting and taking advantage of the latest advancements in technology. After speeding ahead of others in licensing of the gaming sector, it went ahead to set up one of the most impressive gaming hubs found anywhere in the world. It is indeed very heartwarming to declare that this development is occurring simultaneously with advancements in blockchain technology.

The Rock of Blockchain Technology

Focusing on blockchain technology has given Gibraltar the ability to make a leadership statement again on the global platform. It is now the first place on earth to come up with a dedicated blockchain regulatory framework. That is very impressive, considering the fact that huge economies like India are considering banning the same system in its totality.

Even though the success recorded in Gibraltar is impressive, it is important to point out that it was far from easy. A lot of joint efforts went into ensuring that this stage was reached. Countless interactions between government agencies and stakeholders assisted in developing the framework. This explains why the framework is very comprehensive in nature and is able to achieve the goals that it has been designed to achieve. Observers agree that this synergistic way of achieving goals is very commendable. Such tactics also help to draw investors and also develop local talents all while establishing a good system where ventures stand a greater chance of succeeding.

How It All Happened

One thing that was noticed with the prominent policymakers in Gibraltar is that as they were designing the backbone for this impressive strategy, they were not blind to the challenge of establishing educational projects in tandem with the regulatory system. But why did they do that? It was for one thing alone, and that is the sustainability of it all. They reasoned that there was simply no basis in trying to advance ahead of the rest of the world if there will be no way to maintain the momentum in the future.

It must be pointed out that the resilient nature of the blockchain networks of Gibraltar actually stems from the solidity embedded in the regulatory framework. This is in addition to creating a really vast pool of talents who are extremely capable when it comes to handling blockchain technologies. Add this to observing the latest trends in the industry and you come up with the scenario in Gibraltar today.

Even though the discussions concerning blockchain scalability have been adequately recorded, scalability also connects with the gifted minds that the industry is incubating. All over the world, advancements in blockchain technology have surged far faster than the educational programs put in place to track them. This has understandably led to a split in the supply and demand of gifted minds in the blockchain technology niche.

This worldwide inadequacy with the talent pool has been noted by many research works, including one posted on Upwork in May 2018. It reflected a massive 6,000% rise in the demand for blockchain-dependent tasks between the first quarter of 2017 and the first quarter of 2018. What this meant was that it was the fastest-growing skill of over 5,000 skills that are hosted on Upwork during that time frame. Facebook also caught on to the trend by recruiting blockchain experts while it was taking over Chainspace. This again points to the increasing prominence and importance of blockchain technology.

Endless Possibilities

In Gibraltar, initiatives are now put in place so as to make sure that inadequacies are being addressed and not affect what is already on the ground. The main message that is embedded in Gibraltar’s tactic towards blockchain regulation and education is joint work. These joint efforts between official policy makers, accredited educational centers and blockchain experts have ensured that all the principal figures in the sector contribute to the making of Gibraltar’s impressive blockchain results.

For Gibraltar, the main thing is the development of the New Technologies in Education (NTiE) group, which is a joint venture between the Government, University of Gibraltar and some prominent technology companies located in Gibraltar. This group is focused on the establishment of technology-based education courses like blockchain. Through it, students can now have the opportunity to expand their knowledge and skill sets on the amazing world of blockchain applications.

The educational curriculum is created with assistance from blockchain-dependent enterprises in Gibraltar that are recipients of full distributed ledger technology (DLT) license from the Gibraltar Financial Services Commission. In some other cases, others have their approval documents still being processed by the government agency. The future of Gibraltar as far as blockchain technology is concerned can only be brighter – as long as the government and other stakeholders remain focused.

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