Lynsey Jackson sitting at her desk.

“A slow revolution”: could the future of all work exist on the blockchain?

Lynsey Jackson was looking for a change when she quit her job in corporate finance to assess her career options, before settling in a direction that would shock many.

She sees her future in blockchain technology, starting with an applied blockchain degree from TAFE Queensland.

More commonly known as the platform that hosts cryptocurrencies, blockchain is the foundation of “Web3”, the brave new internet maintained by distributed databases, each confirming the same information.

Blockchain is a peer-to-peer security network that allows users to become part of the system.

For cryptocurrencies, the system validates coin ownership and transactions, as well as the creation of new coins.

“Most people, when I mention that I’m pivoting my career to blockchain, don’t really know what I’m talking about and what the opportunities are… for the most part people in my world don’t,” Ms. Jackson said. said.

“It can improve things like track and trace and reduce fraud… We can use this kind of technology to make the world a more just, inclusive and sustainable place for everyone.”

As for what she wants to do in the industry?

“That’s the million dollar question,” she said. “That’s why I signed up for the degree.”

Ms. Jackson first discovered blockchain in the most common way: cryptocurrency.

According to CHOICE, one in nine Australians have invested in a cryptocurrency in the past 12 months and a further 11% are interested in investing.

But Ms Jackson, who “holds” investments in some of the major coins, said that was not what led her to study the technology.

“What’s really happening in the blockchain space goes way beyond what we know about bitcoin and cryptocurrency and a get-rich-quick opportunity,” she said.

Search for stability

According to economist and futurist Steve Sammartino, a better public understanding of the difference between cryptocurrencies and blockchain is fundamental to the future success or failure of the latter.

“The fact that they are lumped together in the same category is a bit problematic,” he said.

“Cryptocurrencies are a one-time use case for blockchain…blockchain has incredible benefits and the potential to reshape the entire fabric of the economy.”

Cryptocurrencies are sadly volatile and there are currently around 10,000 on the market.

Steve Sammartino says blockchain technology is much more than a host for cryptocurrencies.(Provided)

Mr. Sammartino said that some cryptocurrencies will be needed if blockchain is to be used for large-scale financial transactions, but the current proliferation and instability degrade any value as a viable replacement for fiat currency.

He believes the government has a role to play in what has so far been a largely unregulated space.

“Regulations frame what we believe as a community and society, that’s part one. Part two is education in schools,” he said.

“The challenge is that the space is changing so rapidly that regular regulation and education can’t keep up because there’s always the next thing or the next iteration on rapidly changing technology.

“That gives the hawkers five minutes to walk past and say, ‘OK, boomer, you don’t understand.'”

“Just a way for us to store data”

Danielle Marie tries to pass the hawkers.

She teaches the Applied Blockchain Diploma at TAFE Queensland.

Marie said many of her students enroll in the course hoping to learn more about investing in cryptocurrencies, but come away with more concrete goals.

“Crypto is the gateway to blockchain,” she said.

She said most of her students would become either project managers and planners or business analysts, positions added to the list of skilled migrant occupations in 2019, indicating a need for more people with knowledge and skills. blockchain training in australia.

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