Is There Blockchain-Related Talent Bubble? LinkedIn Adverts Surge
LinkedIn has been experiencing triple the amount of adverts for Blockchain-related jobs in the past year.
LinkedIn, the known job search site both for online and corporate companies, has been experiencing triple the amount of adverts for Blockchain-related jobs in the past year. This shows that the demand for people who hold skills within cryptocurrency technology is increasing.
Surge in Bitcoin startups
As per the experts, the interest for Blockchain expertise is way off surpassing its supply which makes it one of the trendiest fields in technology recruitment. Many Blockchain-based startups are coming up with established companies in different sectors, from the financial sector to retail services, pushing to get hold of what this new system can offer.
“Is there a talent bubble? Yes. We haven’t even seen it yet. There is an entirely new way for businesses to interact it is awesome and as this takes root it will be revolutionary,” says Jerry Cuomo, IBM’s vice-president for Blockchain technology.
The finest Blockchain engineer can demand a salary as high as $250,000 or more, and Cuomo says:
“It is on the high side of what a really talented consultant or software engineer can earn. Demand is exceeding supply, so we are seeing shortages. It is up there with the cloud and artificial intelligence as a really hot area.”
Increasing demand for Blockchain engineers
There is a rising demand for Blockchain engineers which is a game changer for both the technology and finance industry.
Known companies have begun establishing Blockchain-specific departments, which means that it is a rising field that people can explore and grow their expertise in.
Blockchain is a decentralized settlement technology which means that the network is not controlled by one central authority. In the past year, it leveled up the issuance of cryptocurrencies such as Bitcoin, which rose higher than $2,500 last week - almost five times more compared to the past year.
More than 1,000 jobs on Linkedin
There were more than 1,000 Blockchain-related job opportunities on their site last week, which is more than triple its level for the past year based on the LinkedIn data provided. Blockchain ads are expanding in numbers, which is more than 40 percent each quarter.
Around 10,000 people on LinkedIn listed Blockchain as a skill. Fifty percent are from the technology industry and twenty-five percent are from the financial services sector. LinkedIn hasn’t included Blockchain on its official list of skills, however, a lot of people specify it as a custom skill and they are considering adding it to the skills that are formally tracked.
Joshua Graff, the UK country manager at LinkedIn, said: “Professionals in related areas such as cryptography and machine learning may want to look at the roles available and the skills they need to develop, as there is certainly a growing demand within the technology, finance and insurance industries for Blockchain expertise.”
The statement is an assurance that Blockchain is getting even bigger and it seems that it is the future of the virtual world. Most people who put Blockchain as a skill on LinkedIn are based in the US. Next in line is the UK, France, India, Germany and the Netherlands.