India will be witnessing extremely high blockchain growth in 2020 and even higher in the coming years. According to a report, the market size of global blockchain technology is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025. In the last few years, the blockchain industry was more about the research and development (R&D); however, in the next few years, there will be more about implementing this technology.
To discuss this, and more, Analytics India Magazine got in touch with Dattatray Jadhav, a blockchain architect at Nihilent, for our weekly column My Journey In Data Science. In this article, he spoke about his motivation to choose blockchain and AI over other thriving domains.
Dattatray Jadhav hails from a farming background and has faced struggles during his learning days. Being from the rural area, his father did not want him to complete his engineering; instead, he was expected to pursue D.Ed and later apply for a teacher’s profession. However, these struggles did not tie him up, and he overcame all these hurdles.
Blockchain & Data Science Journey
Being a technology enthusiast, Jadhav always kept researching new technologies. In 2017, bitcoin was making considerable noise in the market, and that was the time when he came to know about AI, data science, and blockchain.
Last month, Jadhav and his team won India’s most significant AI and blockchain hackathon —the Icertis’ AI/ML and Blockchain Hackathon. His group, known as “BlockchainMegaminds”, claimed a grand reward of ₹ 5,00,000 and an all-expenses-paid trip to Seattle, a global hub of innovation in cloud computing.
Jadhav has been practising into the blockchain space for about three years now. He was motivated by what blockchain technology can bring into the table and how it fits in almost every single domain. According to him, the key features of blockchain such as transparency, peer-to-peer security, etc. set it apart from other traditional systems.
According to him, AI, machine learning and blockchain are not just technologies; instead, these are the solutions for the problems that the humankind faces on a day to day life. To understand the techniques better, Jadhav correlates the situations with his day to day life.
About Current Job Role
As a blockchain expert, Jadhav’s job role involves gathering the requirement from the client, consultation, solutions architecting, development, and lastly, delivery of the project. He said, “The most difficult part is to gather the requirement from client and the fitting the same into the blockchain or ML/AI system. This gets challenging because the client has a different way of looking at it, and as technology is not fully matured, it gets a bit difficult to convince them.” Till now, his most successful project is a supply chain trade financing application for an international client — the app is currently in production.
While implementing smart contracts, Jadhav mostly uses the solidity programming language and quorum as the platform. Kotlin is also one of his preferred programming languages.
Talking about learning resources, Jadhav said that there are several blockchain courses in Coursera and Udemy, which has the potential to provide precise knowledge in this domain. Also, besides doing these courses, one must put effort into self-learning and practising.
Advice For Aspirants To Win Hackathons
When asked for advice, Jadhav suggested four points — firstly, the participants should have a clear idea about their interest and what needs to be achieved; secondly, the participants should have proper planning in setting up their goals for making it in a specific timeline; thirdly, the participants should restrict the scope; and fourthly, the participants should consider a positive flow and should prepare well for the presentation.
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