A private firm, Ernst Young, has decided to hire 600 qualified people every six months to work on its Blockchain project in India. Based on their calculations, they will be able to employ at least 2,000 people within the next three years. This is a firm that currently has about 2,200 employees.
Blockchain Project to Provide Solution to Public and Private Sectors
According to reports, Ernst Young’s new employees will be providing solutions to private and government sectors. The big idea is to segment workers into teams that will be focused on a particular service. Therefore, there will be teams such as digital services, the blockchain, intelligent automation, analytics, artificial intelligence, and tax technology. Consequently, this will bring about an innovation in the Blockchain industry.
To make up the digital services team, about 700 people have been employed already. The analytics segment, on the other hand, will have 600 workers added every 6 months. It is expected that the company will invest over $1 billion into modern technology solutions, innovation, client services and within the 3 years.
Ernst Young is known as one of the Big Four accounting firms. This is a firm that adopted the Blockchain technology from its inception. In 2016, Ernst Young was of the opinion that companies who invested and experimented with the Blockchain technology would reap immense profit in a few years to come.
More Investments in Digital Services Creates More Job Opportunities
Ram Sarvepalli, a reputable member of the firm, commented that the government is making huge investments in digital services. Unlike before, processes are now being automated in the central and state government departments. As a result, this leads to a massive opportunity for people with digital talent to be hired.
Ernst Young also threw more light on its take on Blockchain, saying that while other companies may have chosen to separate digital services from their main business, the firm will rather include it as part of its processes. This is because they are looking at modern technology in the long run and not short term.
This is one more way the private sector is trying to bring about the popularity of the blockchain and its acceptance. Based on reports, a private bank is also fostering the growth of Blockchain projects by donating funds to the University of Liechtenstein. This sponsoring will last for a five year period where a center of excellence for learning will be established in the institution.
In the same vein, several organizations have donated to the University of Tokyo earlier this week. This is to startup a Blockchain course in the school which will run for three years. It is expected that these backings will bring about innovation in the industry. It will also create more job opportunities for those with digital talents.