Years ago, many dismissed cryptocurrencies and the underlying blockchain technology as a passing fad; a bubble that would soon burst. They couldn’t have been more wrong, with blockchain finding its way to a variety of industries. Blockchain jobs have shot up, but as new reports have revealed, the supply isn’t matching the demand.
That blockchain jobs are on the rise doesn’t come as news. More companies globally have been researching and applying blockchain into their operations as they seek to be positioned for success in the age of decentralization. Initially, it was the large conglomerates such as IBM, Deloitte and SAP that were into blockchain. This was mainly because blockchain development was too costly for smaller firms.
However, this is slowly changing, with easier plug-and-play blockchain tools hitting the market. These tools enable smaller firms to integrate blockchain without having to foot all the costs of development, akin to software-as-a-service products. The result has been a rise in the number of blockchain jobs.
As CoinGeek reported some months ago, blockchain jobs were not only rising faster than all the other jobs, they were also offering twice the average salary in the United States.
Despite the growth in job availability, the number of people interested in these jobs surprisingly seems to be going down. A recent study by LinkedIn proved as much. The ‘Emerging Jobs Report 2020’ revealed that blockchain developers were not on the list of the top 15 emerging jobs in the U.S. It attributes this to the decline in crypto prices.
The report corroborates an earlier study by jobs site Indeed. The study found that the number of searches related to cryptos and blockchain tech had been on a decline for the past two years. This is despite the number of blockchain jobs being on a steady rise. According to Indeed, in the year 2018, there had been a 14% change in the share of blockchain job searches. This was down from 326% the year prior.
In 2019, it got…