Overview
This blockchain jobs guide is a comprehensive overview of any and all information you need for a career in blockchain. It includes information on how to get involved with the decade’s most exciting technology, which companies are entering the space, and what skills you need to make the leap, explained simply. This guide will also dive into the future of blockchain and what the current blockchain technology industry is likely to look like in the coming years. We also dive deep into the specifics of the industry, and present many different possible job paths on blockchain, and the end of the article contains a detailed FAQ section that answers some of the most common questions we at BlockDriven Academy receive about jobs and careers in the blockchain industry, both specific and general.
What is Blockchain?
Blockchain is a shared database that runs on a network of distributed servers. It contains a database, a sender, a receiver and a network of validators. One sends a transaction as a sender to somebody as a receiver, and then the transaction is validated by miners or nodes. Every transaction that enters the database is confirmed by the entire network.
How Do I Get Into Blockchain If I’m New?
Blockchain is currently the biggest disruptive technology in the world, as it is capable of transforming any industry it touches. Both well established firms and startups recognise this potential and are acting upon it. For individuals who want to get involved, and don’t necessarily have a tech background, joining a blockchain community online is a smart way to get familiar with the technology. Having a support system and online resources, such as lectures/seminars, can help you develop expertise much faster.
Entry to the blockchain space can be difficult, but startups are a great place to begin. Startup companies have been the largest contributors of blockchain development to date. According to AngelList, as of June 2020, over 3,800 crypto startups have been created. Cointelegraph lists the 10 most impactful blockchain startups in 2020 as the following:
The 10 Most Impactful Blockchain Startups in 2020
- Gemini
- Tron/WINk
- Ethereum
- Bakkt
- Binance
- Simplex
- Coinbase
- Skrill
- Maker/DAI
- RSK
These are companies that solely operate businesses around blockchain technology. There is a great possibility that they will lead the industry with innovations in the future.
It’s not just startups that are making waves. Although startups are easier to enter, there are more established organizations that are also actively exploring blockchain solutions. However, a career in blockchain is no different from a career in traditional industries. Not everyone working in blockchain needs to be a developer. There are others roles in the space just like in traditional sectors. There are abundant openings for project managers, legal consultants, marketing specialists, community/relationship managers, and much more. Opportunities can be found in blockchain startups, tech firms, government agencies, and legacy companies.
The Future of Blockchain
“Leaders no longer consider the technology groundbreaking and merely promising — they now see it as integral to organizational innovation.”
-Deloitte’s 2020 Global Blockchain Survey
The benefits of blockchain technology are no longer an “if”, but rather a concrete reality we are seeing throughout nearly every industry today. However, we are only beginning to experience some of the many potential uses of blockchain that will appear in the upcoming years. Major companies are drifting away from the idea of temporary “blockchain tourism” and moving towards developing permanent, real implementations.
This upwards trend in mainstream blockchain implementation is projected to continuously rise. This is especially promising considering the full possibilities of blockchain technology likely remain undiscovered thus far. Furthermore, widespread use of blockchain technology is expected to be the most significant innovation that has resulted from the cryptocurrency boom in the past decade.
Gartner, a leading global research and advisory firm, predicts that blockchain will support the movement and tracking of $2 trillion of goods and services annually across the globe by 2023. Because of blockchain technology infiltrating nearly every industry, there will be a subsequent surge in job opportunities for companies seeking to adopt blockchain technology.
Incorporating blockchain into companies’ business models gives immense value to the company once it has been integrated. The revolutionary technology behind blockchain has the ability to optimize nearly every aspect of projects or workflow across every industry sector.
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