Crypto and blockchain jobs’ share grew 118% in 10 months

Crypto and blockchain jobs’ share grew 118% in 10 months


A new report suggests the jobs market in the cryptocurrency and blockchain domain have welcomed higher levels of institutional adoption.


According to Korea IT Times, the online employment website Indeed has recorded an overall growth of 118 per cent in job postings in the crypto industry as of July 2021. The figure is a massive spurt in corporate demands of crypto professionals since September 2020.


The growth has also witnessed higher shares of requirements in the crypto management posts with an increase of 29.87 per cent year-on-year, as recorded on July 16. While Human resource accounts have increased to 200 per cent over the same timeframe, software development jobs have seen a drop of 29.7 per cent. As for crypto and blockchain jobs in the last year, the requirement stats were 34.8 per cent.


The Korea IT Times news report further observed that blockchain-related roles show a trend of higher salaries than the usual technology-related posts. The reason might be because blockchain professionals demand expert knowledge of cryptography in combination with expertise in ledger economics as well as object-oriented programming, among other areas. 


The report shows that as blockchain, crypto, and DeFi have gained enough traction in the last one year, developers in the sector remain primarily self-taught because universities with similar programs are lagging behind in a proper curriculum.


The report has also claimed that reliance upon remote workers during the COVID-19 pandemic is turning out to be more valuable for those working in decentralization. Remote working has also helped researchers, analysts and core developers, significantly allowing them to engage with multiple employers on different projects. 


The report on cryptocurrency jobs has, however, not shared any data regarding the division of public and private sector employers in seeking crypto professionals. While crypto talent in Israel’s intelligence agency Mossad and Bank of England was advertised, little is known about the private sector.


JPMorgan has recently started accepting applications for software developers in the blockchain. Fidelity Investments has also announced growing its workforce by 70 per cent to include cryptocurrency, DeFi and blockchain talent.

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