Hello, everyone. Welcome back to the course, we have covered a lot of fundamental concepts related to the blockchain. We have also seen how blockchain is shaping up the future and discuss some of the potential future applications. We discuss some of the use cases you can utilize inside your firm, or even create businesses on top of them. We hope that you have enjoyed the course thoroughly and have a fundamental understanding of what is blockchain and where you can use it. In this lecture, we are going to conclude and summarize for you and enable some future steps going forward.
The course was about the fundamental understanding of the blockchain. We aim to cover the complete knowledge of the blockchain and how the hype of blockchain can be converted to real problem solving projects. The current blockchain market is estimated to grow up by $31 trillion by 2030. Moreover, a considerable sum of money is being invested into blockchain projects. around $2.1 billion was spent on blockchain projects in 2018. alone. This sum of $2.1 billion is related to only 1% of the companies of the world who are using blockchain.
The growth rate for blockchain Jobs was up to 7,000% in 2018 itself. Currently there is only one skill person for 14 blockchain jobs in the USA. Even the developing nations are not far behind. India and China also see the fair share of potential applications that can be developed over the blockchain. The current blockchain jobs market in India has increased by 3,000%. In 2018 alone, we are discussing all these numbers and percentages for blockchain.
But always remember blockchain is not as easy bullet. blockchain cannot solve all the problems we need to see and figure out what the problem is and how we can efficiently utilize blockchain. This is the right time to get started and learn about blockchain. Currently, we are in the adoption phase until the year 2024. After the year 2024, we will see the growth phase for the blockchain technology. If you are on the blockchain technology before 2024 then when the growth happens, you will only rise with the waves upward.
The course was aimed at introducing the in depth concepts of the blockchain in the most layman terms possible. This course was oriented more towards getting started with the blockchain and how to utilize the blockchain technology for solving complex problems. This course will also help learners to jump to the functional side and learn about the blockchain architecture. After taking In this course, you will have the fundamental grasp to take up the blockchain developer and the blockchain architect courses. This is the base to get you started. And now you can define a path to be a blockchain developer, where you can learn about how to create your own blockchain or decentralized applications over the blockchain.
This skill set will be very handy for you in the coming years. On the other hand, you can also shift to being a solution architect, where you can link the fundamentals of blockchain with the current software architecture and practices to create complex blockchain solutions suitable for the enterprise needs. We add v two blocks, try for you to achieve the same. We will also be releasing a blockchain architect course soon for learners to get a good idea on how to define blockchain architecture. If you want to know more about the blockchain architect course, or if you enjoyed the course and wanted to connect with us then Drop us a mail at info at the rate we two blocks.com We would be happy to help you. Finally, we want to thank you all for attending this course and we hope you have enjoyed this blockchain journey throughout with us.
We are here to help you in whatever scenario or case. Hope to see you guys again in the future. Hope we can connect with more blockchain courses and learn more about distributed ledger technology all the best and keep learning