There were close to 2,000 blockchain technology related job openings during the month of August in the United States alone. This is a 300 percent increase compared to figures posted last year.
The blockchain industry has grown tremendously over the past two years in lockstep with the cryptocurrency industry. Right now enterprise adoption is driving its application in other industries. Use cases of blockchain technology outside cryptocurrency platforms are mainly in global supply chain networks, financial service markets, government protocol systems, and healthcare sectors.
As an emerging disruptor in the tech industry, blockchain has the potential to challenge traditional delivery models. Its integration into existing systems can give businesses a tremendous edge over competitors, hence the current rush for its adoption.
The exponential rise of blockchain has also caused an increase in demand for skilled practitioners, with over 1,520 companies currently looking for decentralized ledger technology professionals. Earlier this year, Techcrunch reported a severe shortage of talent in the sector. According to the statistics, there were about 14 job openings available for every blockchain engineer.
Burning Glass, Glassdoor, and Upwork Job Market Reports
The number of job postings related to blockchain has more than quadrupled since 2016. According to statistics compiled by Burning Glass Technologies, there were about 1,838 job posts related to blockchain in 2016. By the end of 2017, this number had climbed to 3,958. 2018 figures have dwarfed these statistics with over 5,000 vacancies posted so far.
According to a recent study carried out by Glassdoor, there were 1,775 blockchain-related job-openings advertised during the month of August, and this is in the U.S. alone. This is a 300 percent increase compared to the same period last year.
The freelance market is also experiencing an overwhelming demand for blockchain professionals. According to an Upwork report released in November 2017, robotics, bitcoin, and blockchain led the list of the top trending freelance job skills on the job site.
At the time, the network’s CEO, Stephane Kasriel, talked about the changing trends, pointing out that the sharp rise in demand for the top skill-sets was likely an indicator of their role in the “future of work.”
The volume of searches on the platform related to blockchain and bitcoin skills had propelled the two skill-sets to second and third place in the top ten list, respectively.
By July 2018, blockchain skills had topped the rankings, with year-over-year growth figures hitting 2,000 percent. Google Cloud Platform and Volusion software skills took second and third place, respectively. It is worth noting that many Google Cloud Platform positions that are currently in demand are also related to decentralized ledger technology.
Google Cloud supports blockchain and integrates with a number of decentralized technology apps. Major companies such as Bank of America, for example, regularly look for developers with well-rounded experience in cloud technologies, the blockchain, and finance.