KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states, thus identifying the four major skills needed for a career in the industry.
KPMG argues that the successful deployment of blockchain tech depends on professionals with both technology literacy and business acumen.
The latter purportedly requires a deep understanding of specific processes in business, which is essential when developing and defining a highly-demanded use case and value proposition for a project.
The importance of technological literacy lies in the understanding of how blockchains actually operate. KPMG said it is critical to understand how to apply that knowledge to a specific use case.
KPMG suggests that professionals in the field should have data analytics skills in order to understand and apply data derived from a blockchain, in addition to a “hacker mentality,” which requires teams to be open and able to explore and experiment by “hacking the problem” from multiple perspectives.
Earlier this year, KPMG released a survey showing that 48% of C-level executives believe blockchain is likely to change the way they do business in the next three years. When asked about the possibility of implementing blockchain in their companies, 41% of respondents said they are likely to use the technology. As for advantages and disadvantages of the decentralized technology, 23% of respondents believe that blockchain helps improve business efficiency.