Not only has the demand for cryptocurrency and blockchain-related expertise increased, but new data also suggests that the type of roles advertised has changed over time.
A new report summarizing the latest data on the cryptocurrency and blockchain job market suggests that higher institutional adoption has led to ever greater demand for expertise in the sector.
According to the employment website Indeed, quoted today in the Korea IT Times, the total share of crypto and blockchain job postings on the platform increased 118% in mid-July 2021 compared to early September 2020.
That solid growth has also resulted in a shift in the roles sought, with the proportion of management positions in crypto and blockchain increasing 29.87% year over year from July 16. Personnel accounts rose 200% over the same period, while software development jobs fell to 29.7% of all crypto and blockchain posts, compared to 34.8% last year. All data on role allocation are reportedly taken from the crypto trading simulator Crypto Parrot.
As the Korea IT Times notes, blockchain-related roles tend to have a higher salary range than other technology positions as they require a strong knowledge of cryptography combined with expertise in ledger economics and object-oriented programming, among others. While crypto and blockchain – even DeFi – have steadily grown in prominence in educational institutions over time, the report claims that many developers in the sector remain largely self-taught, suggesting that universities and programs are lagging behind.
The report goes on to claim that reliance on remote working during the pandemic could prove good for an industry that values decentralization and encourages core developers and researchers to work with multiple partners and employers on different projects.
While the report does not include data on the proportion of employers in the public and private sectors seeking crypto talent, everyone from the Israeli intelligence agency Mossad to the Bank of England has advertised related positions this year.
In the private sector, wealth management firm Fidelity Investments’ crypto arm is reportedly planning to grow its workforce by 70%, JPMorgan has started accepting applications for blockchain-focused software developers, and Amazon is looking for someone to lead its digital currency and blockchain strategy and strategy Product roadmap amid unconfirmed claims that the mega-retailer intends to accept Bitcoin (BTC) payments by 2022.