Along with the expanding cryptocurrency and blockchain industry comes blockchain jobs, and at the moment demand is exceeding supply.
In the 12 months leading up to this month, August 2018, an online community for developers called Stack Overflow reported an increase of over 500 percent in blockchain jobs being posted on their site in comparison to the previous year.
Fastest growing skill requirement
When it comes to the freelance market, there are few more prominent sites than Upwork, and in the first two quarters of this year, they reported that blockchain jobs were the fastest growing skill requirement on their website.
Korn Ferry is a management consulting firm based out of Los Angeles, and director of reporting and analytics, Raghav Singh, commented that “the talent just isn’t out there today.”
“They are in extremely high demand.”
Anyone who’s followed the blockchain industry and who has even a passing interest in cryptocurrencies will know that the hype surrounding the technology has been massive over the past few years.
“It’s the new cloud of the 21st century” according to Rich Pearson, senior vice president of marketing for Upwork.
“Sometimes the hype is real. Blockchain is a technology that’s here to stay.”
It’s also worth noting that blockchain jobs and demand for talent goes beyond the more well-known software services field, and into other areas such as telecommunications and biotech, according to Pearson.
To try and help create talent to fill the rising number of blockchain jobs that are out there, we see various training courses open their doors to help those with tech backgrounds add the skills required for blockchain jobs.
Young and evolving
One such example is online education service Coursera, which offers “IBM Blockchain Foundation for Developers.”
“It’s such a new field that companies will hire somebody they can train to fit into the role,” claims Kian Salehizadeh, a senior analyst with Reality Shares who are based in San Diego.
Salehizadeh went on to claim that as blockchain-related roles are more clearly defined, and blockchain skills are increased among the workforce we may see a switch from companies using freelancers and consultants to a higher number of full-time employees.
Despite the positive outlook of many, Martha Gimbel, the director of economic research at the Indeed Hiring Lab, which specializes in trends within the global employment market, believes that “It’s way too early to know.”
“It’s young. It’s evolving. We’ll see what happens.”
Regardless, most indications suggest that blockchain is going to be a very popular technology for the foreseeable future, which means that blockchain jobs won’t be disappearing any time soon.
Lover of all things crypto, blockchain and AI, professional tech scribe & part of the editorial team at Crypto Disrupt.