American corporations lead the way in Blockchain hiring, and that tells us something
The US is number one in blockchain hiring, and its actually the old-school enterprise companies leading the arms race.
According to a report published by The Next Web, the United States is the world’s leader in blockchain-related jobs.
Gathering information from job and recruiting site Glassdoor, TNW looked at all job listings globally which include the term “blockchain”. The data shows that the U.S. is leading the blockchain hires race, seeking 2,616 hires out of a total of 5,711 global listings. Up next is the UK with 1,015 spots and India in 3rd with 257 blockchain related job vacancies. The most common jobs posted on Glassdoor is “Blockchain Engineer” followed by “Senior Software Engineer” and “Blockchain Developer” in 2nd and 3rd place.
Not where, but who:
Perhaps the most interesting takeaway from the research however is not the where, but the who. The list of companies searching for blockchain-related hires is led by big enterprises, like tech giant IBM leading the hires race with the greatest number of blockchain jobs, followed by accounting mammoth Ernst & Young and software company Oracle.
Have a look at the table below:
According to Cointelegraph, recruitment company Hired released a report in February showing that job listings for Blockchain Engineers has increased by a whopping 517% percent year-over-year. On its heels is the 2nd-fastest growing engineering role, Security Engineer (up 132%), and Embedded Engineer in 3rd (up 76%). The blockchain engineer role also consistently stayed among the top-three most-paid software engineering jobs.
Ok, so what does this tell us?
Global focus is shifting away from crypto and towards applications
While crypto isn’t going anywhere, the use case has arguably taken enough attention from the revolutionary potential of blockchain technology. IBM are no fools — when they along with other enterprise giants begin to go all-out on the tech aspect, its time business owners start to pay close attention. Focus is shifting to real-use apps on blockchain and this should have a major impact on startup focus and attention.
An Enterprise Driven Market
A point of debate in the blockchain world for years now has been whether exponential adoption will come from enterprises — like in the case of mass internet adoption — or whether it would come from the ground up —similar to how P2P torrent downloading became popular in the early 00’s. The information presented above points to a reality where blockchain will be driven more by enterprise than the end user. Essentially, the industry is not going to sit around and wait for private individuals to push it forward, the big boys are here to claim their stake, shaping the technology for everyone.
Change in focus for developing professionals
This news will undoubtedly perk up heads in the developing and engineering world, where things change fairly quickly — especially in an industry like this. Such a high surge in blockchain hiring when widespread use isn’t established yet is big news for anyone looking to focus their tech career on the next great wave of opportunity. After all, highlighting your ability to engineer on blockchain can make you irreplaceable and highly sought after in the tech market for decades to come.
Remains to be seen exactly how these hiring sprees will pan out, but with massive tech companies already playing tug-of-war with blockchain dev professionals, a clear picture is forming. Other massive companies like Walmart and even Facebook are making similar noises, and medium-sized business are beginning to wise up to what’s happening: Will they join the fight or be left behind?
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