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Blockchain Skills in High Demand As Blockchain Phenomenon Spreads

By January 23, 2020 No Comments

Blockchain is here and has apparently caught roots in our society. There are many industries that have changed deeply with introduction of blockchain. Still, not many people know exactly how it works, but ultimately it does not matter. One thing is for sure: blockchain enables for various online activities to perform quickly, safely, at low cost. Therefore, it is no wonder this fin tech has gained many supporters worldwide. Expansion of blockchain and demand in blockchain skills is a reality.

How Widespread Blockchain Is Today?

The predictions are that people with blockchain skills will be able to choose jobs in a very near future, as blockchain is in high demand. Wherever there is a need for fast transactions of any kind, or for tracking the origins of goods or documents, for example, blockchain can step in.

Nowadays, we have food on blockchain, as well as luxury goods, clothes, entire supply chains in different industries, archives, university certificates, health care docs – just to name a few.

What Did US Companies Had to Say About Blockchain Skills and Its Use?

In 2019, the company Deloitte has conducted a global blockchain research among 1,386 senior executives from the following countries: Brazil, Canada, China, Germany, Hong Kong, Israel, Luxembourg, Singapore, Switzerland, UAE, UK, USA. When it comes to the US research, Deloitte surveyed the executives from companies of $500 million or more annual revenue.

The goal of the research was to establish the extent to which blockchain is used, as well as future trends. Amazingly, 53% of respondents stated that blockchain has become a critical priority for their organizations in 2019. These respondents marked blockchain as one of the top 5 priorities for their businesses. Furthermore, they noted the increase in blockchain use amounting to 10%.

Interestingly, as much as 83% of respondents saw compelling use cases for blockchain.

Future Predictions

In order to function, experts say that more and more businesses will need to switch their processes to blockchain. In order to do that, companies will have to hire people with proven skills in blockchain. Hence, predictions about the growing demand in blockchain skills.

The number of job postings relating to blockchain skills is increasing daily, as blockchain sees what they call “maturing”. We can only assume how competitive conditions they offer.

US Tech Hubs did research into the most in-demand blockchain skills nowadays. Apparently, software engineering is the most popular branch, with 44% share. It is followed by marketing, operations and finance. As for software engineering, the most sought-after fields are front end (24%), JavaScript (13%), Java (13%), Goland (7%).

Gaining Blockchain Skills Through Education

On the other hand, in order to produce professionals in any industry, the government and universities need to secure proper training. There have been many universities worldwide that reportedly started performing courses and training in latest fin tech, blockchain included. The estimates are that nearly half of the universities worldwide included blockchain training.

When it comes to the situation in the US, we found references to the following universities: Stanford, University of California, New York University, MIT, Cornell University, Georgetown University, Harvard University, Duke University, Carnegie Mellon University, University of Pennsylvania.

Do you think blockchain training will eventually be introduced to schools?

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