Business Analyst, Blockchain

An analyst for blockchain technologies provides the vital link between technical blockchain implementation and a company’s product, financial, and/or marketing needs. Their job is to determine the technical solution that best meets a company’s needs, to develop implementation plans to accomplish those goals, and to oversee the project to completion. The end result should be technical tools that help a business operate more efficiently and productively, to bring innovative new products to market, or to create solutions that can give the company a competitive advantage in its industry.

What does this role entail?

To carry out these tasks, blockchain analysts must develop a deep understanding of what blockchain technology is, as well as a wide range of technical blockchain tools. Some of the most common include:

• Hyperledger Fabric
• Hyperledger Composer
• Multichain
• Ethereum
• Corda

But it is not enough for blockchain analysts to be familiar with blockchain tools alone. They must also be able to clearly and effectively communicate with all stakeholders, including technical and nontechnical members of the project team, business executives, and investors.

Entry into and Advancement in the Field

In contrast to many other careers in technology, there is no one clear path to becoming a blockchain analyst. Some analysts enter the field from a technical background, beginning as blockchain developers. Others come from a business background, beginning as general business analysts and then specializing in blockchain technology.

Regardless of the path taken, advancement may be rapid, especially within the first 5-10 years. As experience grows, analysts may assume increasing responsibility for developing and implementing new blockchain products and solutions.

Day-to-Day Responsibilities

The day-to-day work of a blockchain analyst varies widely based on the analyst’s employer, the size of the project, and the stage of implementation.

Early in the project, the analyst may spend much of the time in research, drafting, and meetings to gather and document the project requirements. As the project progresses, the analyst may be responsible for developing use cases, building technical processes and systems, and working with development and testing teams to bring the project to completion.

Personal Growth in the Role

Analysts who stay abreast of the latest developments in blockchain technology will find many opportunities for personal growth. With the constant emergence of new tools, products, and applications, there is always something new to learn.

In addition to their technical skills, great blockchain analysts develop strong project management skills. They are able to effectively manage projects of all sizes and ensure that they are completed on time and within budget. They are also effective communicators who can clearly and concisely explain complex technical concepts to all stakeholders.

Analysts may also take on leadership roles within their organization, directing teams of developers and analysts to create and implement innovative blockchain solutions.

Projects Undertaken

Blockchain analysts may take on a wide variety of projects, including:

• Developing a blockchain-based supply chain management system
• Creating a decentralized marketplace for a specific product or service
• Building a tokenized loyalty program for a particular business
• Designing an immutable record-keeping system for a government agency
• Developing a decentralized voting system for a company or organization

Online Courses

Online courses can be a helpful tool for preparing for a career as a blockchain analyst. There are many online courses available that can teach you the basics of blockchain technology, as well as more advanced topics such as blockchain development and blockchain analytics.

Online courses can be a great way to learn at your own pace and in your own time. They can also be a more affordable option than traditional college courses.

However, it is important to keep in mind that online courses alone are not enough to become a blockchain analyst. You will also need to gain hands-on experience and build a portfolio of projects. You can do this by volunteering for blockchain projects, working on your own personal projects, or contributing to open-source blockchain projects.