Blockchain jobs are hot! Research shows that the demand for talent is continuously growing.
For many large enterprises, blockchain and cryptocurrency are no longer just buzzwords. Since 2014, venture capital firms have invested over $8.9 billion in blockchain startups, and in the first six months of 2019 alone, the investment has surpassed the $8.9 billion mark of the past few years.
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The research institution TeQatlas delves into current trends in the blockchain industry, including the top 15 blockchain enterprises globally, related funding, blockchain job data, and comparisons of new assets.
High Demand for Blockchain Talent
As blockchain continues to evolve, there is a growing trend of increasing job opportunities, with high salaries reflecting the demand for blockchain professionals. The compound annual growth rate of blockchain-related jobs in the past six years has reached an astonishing 139%. In the first five months of this year, job openings on the job search engine Angel.co have exceeded 2,000, nearly matching the demand for the entire year of 2018.
The United States offers the highest average salary. The median annual salary for related positions is around $105,000, nearly double the U.S. average salary of $49,000.
IBM has multiple blockchain-related projects, including the well-known IBM Food Trust, TradeLens, and IBM Blockchain Trusted Identity. Therefore, the demand for talent is extremely high, with a total of 335 job openings as of March this year.
Accounting firms are among the companies with the highest number of job openings, validating the notion that blockchain is best suited for application in financial services.
London accounts for 26% of the total global blockchain-related job openings, followed by New York and San Francisco in the U.S. at 19% and 13%, respectively.
Software engineers are the most common blockchain job listings on Glassdoor, with front-end engineers and risk analysts ranking in the top three, reflecting companies' focus on testing and developing blockchain solutions.
The ICO bubble in 2017 led to a slight decrease in new blockchain companies established in 2018, but the overall trend continues to show a significant rise.
Overall, the United States leads in blockchain-related talent demand and investment projects. Major investors are venture capital firms. Europe is also making progress, creating more job opportunities, but offering lower average salaries than the U.S. The financial startup industry still has the highest adoption rate of blockchain.
Development of Blockchain Talent
Benefiting from the high demand for blockchain talent, the "CBA Asia Blockchain Academy" combines leading industries, including advisors from the Monetary Authority of Singapore, Nanyang Technological University Singapore, National University of Singapore, the General Chamber of Commerce of the Republic of China, Soochow University, Tainan University, and ABA Asia Blockchain Accelerator to support the promotion of blockchain education.
Zhang Zhonghan, Dean of the Soochow University School of Business, and Monetary Authority of Singapore advisor, expressed expectations for the "CBA Talent Matching Conference" after completing the course, facilitating immediate job placement for graduates. He further stated:
Blockchain applications in Singapore enterprises are very open, and they are willing to arrange visits for CBA students to many Singaporean companies, allowing Taiwanese talent to exchange with international enterprises, becoming professional blockchain business planners and highly sought-after talents internationally.
The organizer of the "CBA Asia Blockchain Academy," BuckChaf CEO Liu Tingwei, stated:
BuckChaf is dedicated to promoting blockchain technology and applications, hoping to cultivate outstanding talent in Taiwan and inject international companies into Taiwan, making Taiwan the hub of blockchain talent in Asia, which is the main reason for BuckChaf's return from the UK to Taiwan to serve.
The courses offered by CBA include the "12-hour Business Application Class" and the "72-hour Technical Expert Class," training blockchain industry planners and professional engineers.
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