Bengaluru takes a lead in growing crypto jobs in India

Highlights:

• Bangalore with a growing 34% cryptocurrency jobs.
• SpringRole uses Blockchain to run background checks of employees.

BENGALURU: The growth of crypto jobs in India, is being led by the city of Bengaluru. As per the data by jobs site Bangalore has 34 percent of the Indian cryptocurrency job postings, which is followed by Pune, with eight per cent.

The founder and CEO of SpringRole, Kartik Mandaville, who is the first professional reputation network powered by artificial intelligence and blockchain to eliminate fraud from user profiles which is based out at Bangalore and Los Angeles, told a source that, “Blockchain has always been legal and various governments are pursuing it actively with multiple projects across land registration and university degrees. The only issue is that the government is hesitant to have people transact in cryptocurrencies, because the government feels that they should be aware of the risks attached with cryptocurrencies.”

SpringRole is using blockchain for running background checks (identity, address, criminal, education and employment) of employees, “The revolution started with Bitcoin- where people could send money to each other without anyone’s consent in a sovereign way. This application is secured by mathematics. The next step was using technology to build more secure applications-social networks, real estate block chains, resumes, educational verification and so on. The underlying technology is used in cases where the trust is low- for instance- land registration. Mathematics and computation is the trust factor,” said Kartik.

Sidharth Ramesh, a MBBS student from Kasturba Medical College, Manipal, who had developed a blockchain technology for storing medical records securely on the Interplanetary File said that, “India has an active Crypto community and people have regular meetups. There are a lot of job opportunities, but the existing regulations are a hindrance. Blockchain is the platform which brings cryptocurrencies into play. Several companies from abroad look at blockchain developers who will work on smart contracts for cheap and their main go-to place is India. Often these companies outsource their work to India and the payment is in cryptocurrency. Regular currencies can be manipulated, for instance Venezuela that is suffering from hyperinflation- which probably happened because they printed more currency. Under cryptocurrency there is no central authority controlling supply,” he said.