So You Want to be a Blockchain Engineer
Demand for Blockchain Engineering talent is skyrocketing, and so are the salaries.
With blockchain adoption and the rise of digital assets, one thing is certain — there’s a talent war for the world’s top blockchain engineers. As software engineers are pivoting into blockchain and some of the smartest STEM graduates are starting their careers in a related field, there’s an easy reason why:
Why Becoming a Blockchain Engineer Makes Sense in 2018
Blockchain engineers are making between $150,000 and $175,000 in annual salaries on average.
To put it simply, Blockchain-related jobs are among the fastest growing in today’s labor market in 2018.
The likes of Fidelity, Bakkt and the rest of Wall Street getting into digital assets is also showing a cascade effect in technology. Blockchain is no longer just hype, it’s in many cases a rapidly maturing layer with multiple foundational companies now forming — and the winners are going to win big!
As a matter of fact, Blockchain engineers are the top paid roles in software development, on par with specialists focused on artificial intelligence.
According to CNBC, the demand for blockchain engineers has increased by 400 percent since late 2017 on Hired, a firm that helps clients recruit tech candidates. For crypto 2018 is a year of consolation, crypto funds, M&A spikes and of course increasing ICOs, public blockchain entries and decentralization opt-in from GenZ and younger Millennials.
If younger Millennials were the mobile generation, GenZ are likely the decentralization natives of the Earth. It might take a few decades before this comes to pass just as Alpha (the generation after GenZ) will be the AI natives, those who grew up with smart assistants.
It’s not unusual for there to be 14 job openings for every blockchain engineer. Nick Szabo, the developer who coined “smart contracts,” pointed out, there is an extreme “$/knowledge” ratio in the blockchain space, where capital by far outpaces talent.
With China investing in blockchain at a frantic pace, it will need to poach international talent in order to pioneer adoption as much as it would like. Just like in AI, it’s still behind the curve when it comes to talent made at home.
It’s not just software developers however that are in demand in blockchain though, last year according to TechCrunch, freelance talent marketplace Upwork saw blockchain rise to the fastest-growing skill out of more than 5,000 skills in terms of freelancer billings — a year-over-year increase of more than 35,000 percent.
Hired’s CEO says:
Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.
So you want to be a blockchain engineer? Well, it’s maybe not such a bad idea. Engineers who want to specialize in blockchain should know networking, database design and cryptography computing skills, according to multiple blockchain engineers.
The future of smart contracts and digital assets has experienced a clear bump whatever the price of Bitcoin is or isn’t, there’s an incredible momentum for software developers to integrate distributed ledger technology with mainstream companies and how the future of technology more broadly is converging.