According to a new analysis, the demand for cryptocurrency and blockchain-related expertise has increased in the space of ten months totalling about 118%.
According to the employment website Indeed, which was published today in Korea IT Times, the overall share of crypto and blockchain job posts on the platform had increased by 118% from early September 2020 to mid-July 2021.
As of July 16, the share of managerial positions in crypto and blockchain had increased 29.87% year over year, indicating a shift in the jobs sought after.
Over the same time period, human resource positions have increased by 200%, while software development roles have decreased to 29.7% of all crypto and blockchain positions, down from 34.8% the previous year. Crypto Parrot, a crypto trading simulator, is said to have provided complete data on role allocation.
According to the Korea IT Times, blockchain-related jobs pay more than other IT jobs since they require a good understanding of encryption as well as experience in ledger economics and object-oriented programming, among other things.
While crypto and blockchain, as well as DeFi, have slowly gained acceptance in educational institutions, the survey claims that many developers in the field are still mostly self-taught, implying that universities and programs are underperforming.
According to the paper, relying on remote work during the pandemic may be a suitable fit for a sector that values decentralization, enabling key developers and researchers to collaborate with diverse partners and employers on various projects.
While the survey does not include information on the percentage of public and private sector businesses looking for crypto talent, this year has seen everyone from the Israeli intelligence agency Mossad to the Bank of England post job openings in the field.
In the private sector, Fidelity Investments’ crypto division reportedly plans to increase its workforce by 70%, JPMorgan started accepting applications for blockchain-focused software developers, and Amazon has been looking for someone to lead its digital currency and blockchain strategy and product roadmap amid unconfirmed reports that the mega-retailer plans to.
