Crucial Blockchain Skills Needed to Transform Your Business

Crucial Blockchain Skills Needed to Transform Your Business

It’s been said that Blockchain technology is poised to transform and disrupt the entire landscape of businesses if it ever goes mainstream. More and more businesses have realized the advantages of using Blockchain, with the number of Blockchain-related job postings in 2017 increasing by more than 6.3 times what the demand was in 2015. The problem is that there aren’t enough blockchain developers out there, with 14 job postings for each developer. Most of these developers are basically self-taught.

So if you’re going to make use of this exciting new technology, you may have to educate your own developers yourself.

What’s Blockchain?

Blockchain is basically a digital ledger that keeps a record of all the transactions that it monitors. These transactions are stored in chronological order, and they’re pretty much permanent. They can’t be changed and they’re even impervious to hacking.

This is why it’s used for cryptocurrency transactions like for Bitcoin. Now each party won’t have to store their own version of a transaction in their database. Now each party can instead consult the same ledger for more accurate information, which is recorded in real time.

How Can It Help Your Business?

Walmart provides the template that showcases the benefits of blockchain even for non-cryptocurrency transactions. Its effect on supply chain management is revolutionary.

Walmart gets its food supplies from various sources, including China. Their blockchain program tracks all these food products as they move up the chain, from the farmer to the food processor, to the food distributors and on to the retail stores.

So if there’s a report that a retail store has sold contaminated goods, Walmart can then trace back the origins of the food product and easily find out where it came from and where it became contaminated. Conversely, if a farmer reports that their food products have been contaminated, then they can be traced to their current locations and pulled off the shelves.

Before blockchain, tracking the movement of the food products across the supply chain would have involved checking various systems and going over numerous documents on paper. Now with blockchain, tracing the provenance of a product can take only minutes or even seconds. It’s that efficient.

Skills Your Developers Will Need

Yes, they will need skills like the ability to prioritize tasks, teamwork, and time management. But for the most part your developers will need the following:

  • A bachelor’s or master’s degree in Engineering or Computer Science.
  • At least 2 years of professional experience working as a software engineer. It’s much better if this experience was gained in the finance sector.
  • Familiarity with ledgers, consensus methods, blockchains, and cryptocurrencies in general.
  • Formidable proficiency in threat analytics, anomaly detection, and performance management.
  • Expert grasp of algorithms, data structures, cryptography, and data security, and decentralized technologies.
  • Expert coding skills with any of the following languages: Go, C, C++, Java, or Python.
  • Familiarity with distributed storage such as RDBMS or NoSQL.
  • Some experience in producing blockchain frameworks and business applications.

There are numerous online courses that can help, and you should start enrolling your developers in those programs.

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Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
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5 Best Ways to Motivate Your Employees in 2019

5 Effective Ways to Motivate Your Employees in 2019

Every entrepreneur should know just how crucial motivation is in the success of their business. This inner drive can easily push your business to reach new heights as it’s the very key to productivity.

While you might have all the reasons in the world to work hard for your business, your team members might not be in the same boat as you. Your employees can be motivated by lots of things to do well in their jobs but there are instances that they lose sight of what drives them. This can then cause some lagging in your venture’s progress.

Effective Techniques to Motivate Your Employees

What can you do when you hit a snag like this? The first thing would be to take a step back and look at the bigger picture. Try to determine whether you’re providing an ideal work environment for your workers.

It is said that it’s all about balance if you want to stay motivated.

Just think about it: lots of leaders and entrepreneurs get to enjoy a good balance between work and rest because they have already achieved a certain amount of success. The relative freedom that comes with success is pretty much a reward for the hard work required for the achievement.

As a result, you’re freed to focus on other things and even relax a bit since you don’t have to do everything anymore. This gives you ample free time to balance work and play to help you stay leveled and in good shape to focus with work the next day.

Not all workplaces offer the same thing to all of its employees and it can kill their motivation and hurt their productivity. So how do you remedy such an issue? Here are five ways that you can try:

1. Offer a salary increase

If your employee has consistently worked hard to provide great results for your company, then, rewarding them with an increase in salary would be the best way to keep them motivated. This is the most popular form of expressing your appreciation for their efforts.

By providing a slight increase in their salary, they’ll know that their hard work is not in vain. They’ll feel fully acknowledged for persevering to achieve and exceed company goals.

As a lot of experts say, your best investment is your people, so you should look at this technique as another solid investment for your business. With a group of highly motivated and highly productive people, you can be sure that your business will move forward.

2. Incentivize regularly

Can’t afford to increase your team’s salary just yet? Then incentivizing achievements could be a great alternative. This doesn’t have to come in monetary form all the time, though. Sometimes you can just host a fun activity or a celebration instead. It can also come in the form of vacation days and even small gifts.

The best time to incentivize your crew is when they successfully achieved something as a team. If it’s not exactly a major feat, hosting a celebration of sorts would be a good way to express your appreciation for their hard work. You can take the whole team out for dinner, drinks, or even an actual vacation. You can decide depending on what their accomplishments are.

Small incentives can also be great motivators. Some companies like to give out gifts to their top performers from time to time so you can also do that if your business requires individual work.

Giving your team ample time off can also be a good way to keep them in high spirits. This will help them achieve a healthy work-life balance, so you should also look closely into this kind of incentive.

3. Be expressive in your appreciation

Commending your team members when they did a good job is possibly the simplest way to keep your people motivated. It’s also one of the most overlooked techniques, so as a team leader, you should keep this trick in mind.

The most effective way to execute this trick is by having one-on-ones with your team members after they performed well. Doing this can easily validate their hard work which can work wonders on their mood and how they look at their job. These talks can also help you establish a better connection with your employees and improve your professional relationship so it’s a win for everyone.

4. Offer free food

If your operations allow it, why not offer free food as well? It’s proven that free food can lighten the mood in any setting, so it would be a great idea to add it to your workplace.

Being well-fed while taking on important challenges can really help boost a person’s mood. It can make your team feel like they’re being cared for. It can also provide some financial ease since they don’t have to spend money to fill their stomachs.

5. Create learning opportunities

Aside from accomplishing tasks and getting recognized for it, it’s also important to make your team realize that they’re not headed towards a dead-end. They shouldn’t feel like they’re stuck or that their careers are headed nowhere. This will make them lose all of their motivation and it will be tough to gain them back again.

Countering this shouldn’t be a tricky thing to do. You can always find ways to show them the bigger picture that they’re a part of. Your employees can surely see how the business is progressing thanks to their hard work.

Aside from this, you should also create opportunities for their growth. This is the very reason why companies send their top people to seminars and training. These can better hone their skills and teach them new skills that can be beneficial for the business.

Promotions are also essential. Even in smaller businesses, it could help if you can increase the responsibilities tasked on your top performers. This will not just make them feel rewarded for their hard work but it can also help them move ahead in their professional life.

Motivating your employees may be tricky but it’s highly necessary if you want your business to succeed. All of your efforts will prove to be well worth it in the end if you do manage to motivate your employees as it can lead to productivity and low turnover numbers.

Here are a few other ideas

Author Details
Editor-In-Chief
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

john@lastartups.com
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Editor-In-Chief
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

john@lastartups.com

How is Coworking Great For The Los Angeles Tech Scene

100 Shared Office And Desk Space to Work in Los Angeles

Check out these 100 coworking spaces in LA.

Co-working spaces have started to take off recently, and it’s all thanks to the need of business locations. A city like Los Angeles tends to have very high rent and purchase prices for real estate, and that means you need to find a great way to acquire new business locations. But if you’re a business or a freelancer that needs a business presence yet which lacks the necessary amount of money, it’s super hard for you to get the job done properly and not worry about possible problems.

And that’s where the need for co-working places comes into play. These locations are very different when compared to a regular office for example. And that’s because there are multiple businesses all residing in a single place.

How is co-working great for the Los Angeles Tech Scene?

Tons of startups want to grow and evolve. And they can totally do that with the right amount of help and support. Even freelancers need a proper business location as they want to avoid working from home. Juice bars and coffee shops are ok for them, but they can end up being problematic as time goes by. You are much better off going for a shared workspace. You do have plenty of space to share with others, yet at the same time, you can fulfill your tasks and just enjoy your time without that much of a problem too.

The Los Angeles co-working spaces are designed with affordability in mind. They are quite affordable, way more affordable than a rental. That’s why most freelancers and startup owners gravitate towards such a place. They also encourage networking, which is why a lot of people enjoy co-working in the first place. It just offers you a way to connect with business professionals in the same industry.

And since the tech industry is booming in Los Angeles, it’s easy to see that the co-working spaces are amazing networking places, to begin with. On top of that, they do offer flexibility. You are free to come and work at any given hour during the day or night. And you also have amenities like coffee machines, fully equipped kitchens and so on. The only difference is that you don’t have to worry about the leasing formalities anymore. And the costs are way lower, which is what makes this entire process very convenient and amazing in its own right.

Who uses co-working spaces in Los Angeles?

It might sound a bit cliché, but every business that wants to grow and save money tends to focus on this type of spaces. And the benefit is that they can easily make quite a lot of money while also avoiding lots of expenses. Every tiny expense matters if you plan on saving money, so it certainly makes a lot of sense to use such co-working spaces.

But the interesting thing is that even some of the large organizations are coming onboard with this. It makes a lot of sense to use co-working spaces especially when they want to transition to a new building. Plus, they can cut the expenses if they want to downsize and use a smaller team, then outsource some of the other tasks.

The great thing is that tons of companies in Los Angeles see co-working spaces as an opportunity, and that’s great for them. Even companies like Merck, KPMG and many others are actively involved in using co-working spaces. So it’s safe to say that there’s a lot of interesting in using such working spaces, and it’s something that you will enjoy and appreciate quite a bit due to that.

How does this affect the rental prices?

Since we are talking about Los Angeles, the rental prices are still very high and they are not going to be lower anytime soon. There’s a huge demand for office spaces in the town, so companies that create co-working spaces are the right solution especially for smaller businesses that want to grow and which need to establish their own presence in the city.

An interesting thing about co-working spaces is that they also provide virtual addresses. That means customers or business partners can easily send inquiries or packages to the company and they will be received at the co-working space. It’s a great way to acquire a Los Angeles office address, and the best part is it costs way less than regular rent prices.

Do these co-working spaces replicate a traditional office?

In some ways they do, because you do have amenities and immediate access to features that are a part of any office. These include printers, scanners and any utilities needed by various companies. Some co-working spaces in Los Angeles have 3D printers too, not to mention they have small conference rooms too. So you can actually create or attend a conference in there without any problems.

You do have to wonder, who is the target for these co-working spaces? As we mentioned earlier, small companies and freelancers are extremely important for those persons that create co-working spaces. However, if we talk about the age range, most of the time the interested persons will be millennials. They are the ones that have lots of great ideas and which lack the funds to create a large business.

The co-working spaces in Los Angeles provide them with enough space to work on their projects, all while still being able to connect with other business professionals. However, you will also find older and more experienced business professionals and freelancers that work from the co-working spaces. They decided to opt for these co-working spaces because they offer more efficiency and a great way to generate leads and new business partners or attracting new clients.

As you can see, more and more co-working spaces are used in Los Angeles, and it’s a great thing to hear. Small and medium-sized businesses are actively focused on innovation, and they want to use all their income to grow and evolve. The last thing they want is to spend most of their money on rent, so the co-working spaces are very convenient for them!

Check out these 100 coworking spaces in LA.

Author Details
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
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Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.

PledgeLA to Boost Diversity and Inclusion in The Los Angeles Tech Community

PledgeLA to Boost Diversity and Inclusion in The Los Angeles Tech Community

As the tech sector in LA grows due to the saturation of the tech industry in the San Francisco area, the same problems in Silicon Valley are now coming up. There’s a growing tension between the upstarts of the tech industry and the regular folks in the community surrounding this IT boom.

According to critics, what will follow in LA will be what happened in San Francisco if there’s nothing done about it. Regular people and longtime residents will feel alienated and looked down upon. They will feel like they’re being forced out by the higher rents and costs of homes as well as the prices of regular consumer goods.

That’s why more than 80 entrepreneurs and tech investors are joining Mayor Eric Garcetti and the non-profit Annenberg Foundation to launch PledgeLA. This is the LA tech community initiative that seeks to avoid what happened in San Francisco and to the people there who felt disenfranchised by the growing tech boom.

PledgeLA Features

Features of the initiative include the following:

  • More opportunities will be provided for everyone, regardless of race, background, or gender. So even non-white women who grew up poor should have the same opportunities as the white guys who grew up rich.
  • Those who signed to the PledgeLA agreement will track civic participation and diversity data each year. That data will be made public so that people will know if a tech company is made up of exclusively white males from the Ivy Leagues and other top schools.
  • Startups and funds will report on the composition of their workforce noting various factors. This won’t be just noting age, gender, and race. It will also note socioeconomic origin, educational attainment, and even sexual orientation to see if there’s bias against hiring members of the LGBT community. Other factors will include the status in regards to disabilities, immigration, and military service veteran. Even the tenure at a firm will be noted.
  • The signatories also will come up with a proper code of conduct centered on diversity and inclusion, and diversity will be practiced in corporate hiring.

Good Business Sense

While many who signed PledgeLA did so out of a sense of moral and ethical rightness, it also makes good business sense to emphasize diversity on corporate hiring practices. A Diverse workgroup brings different points of views when it comes to making decisions. It helps with networking for sources of talent, and the diverse work group can help build a diverse consumer base as well.

LA has now become one of the top 5 US destinations for technology investment and it’s now one of the top tech hubs in the country. The top 100 tech companies in LA and Orange County has reported a 24% increase in employment within the last year.

There are a still a few notable holdouts to PledgeLA, however. Tesla and SpaceX have not yet signed on, and nor has Snap. But LA is an inherently diverse area, and such a diversity must be maintained in the tech workplace as well.

Author Details
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
×
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.