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.