Can a CA become blockchain developer?

The move to a financial system with a significant blockchain element offers many opportunities to chartered accountants. CA’s are seen as experts in record keeping, auditing and business consulting. They could use their expertise to develop blockchain led solutions and services.

How blockchain is useful for CA?

Clearly, Chartered Accountants, CFOs and business leaders are intrigued by the promise of the Blockchain technology. Blockchain offers the storage of records of transaction data through distributed networks. It retains the full history of transactions, which makes them verifiable and independently auditable.

Can chartered accountants invest in Cryptocurrency?

There are no clearly defined laws in India regulating the sale and purchase of bitcoins. So there is nothing legal neither illegal in trading in cryptocurrency / bitcoins as of now. 2) You will have get the transaction details from the exchange and have to calculate capital gains basis that. 3) As mentioned in Point 2.

Does Blockchain technology have application in the field of accounting?

Blockchain is an accounting technology. It is concerned with the transfer of ownership of assets, and maintaining a ledger of accurate financial information. For accountants, using blockchain provides clarity over ownership of assets and existence of obligations, and could dramatically improve efficiency.

Is Bitcoin a foreign asset?

Technically, Bitcoin in and of itself is not a foreign asset. If you purchase Bitcoin domestically and your Bitcoin wallet is located in the United States, then nothing about the ownership is reportable on form 8938.

How to become a blockchain developer?

Blockchain developer jobs will always require having a high caliber in enterprise business and technology. You may have the tech skills, but without a proper understating of enterprise business, you can’t offer the maximum output the companies want. In reality, companies will not invest in new technology if that won’t bring them any revenues.

Why choose Chartered Accountants for blockchain?

Chartered Accountants can prove to be a powerful catalyst for adoption of blockchain-based financial solutions by organisations, that can provide basis for a technological leap.

Why are enterprise companies hiring Blockchain developers?

Thus, many enterprise companies are now hiring blockchain developers and offering them blockchain remote jobs to keep them in the company. Also, as the supply of developers is pretty low, the enterprise companies are willing to bend a lot of rules to make you feel comfortable. And to be frank, that is a huge plus point at the moment.

How blockchain will change the future of the workforce?

The world is moving away from old boring 9 to 5 jobs. In reality, many developers now love to work from home instead of maintaining a tight daily timeline. Thus, many enterprise companies are now hiring blockchain developers and offering them blockchain remote jobs to keep them in the company.