Why is Blockchain Job Market Booming?

Blockchain

In recent times, blockchain has become a magic word for organizations, who are using the technology to resolve advanced issues. Some of that magic looks to be rubbing off on career prospects for those operating within the Industry.

There are various statistics which are a testament to the growing demand and salaries for blockchain developers. Glassdoor, a jobs review website, found that demand for blockchain-related jobs this year increased by 200%  as compared to last year. New York accounted for the most blockchain Job openings followed by San Francisco and San Jose. Chicago and Seattle rounded out the top five.

Upwork, a website for freelancers, noted that demand for freelancers with a “blockchain” tag grew by 3400%  this year as compared to last year. The skyrocketing demand for blockchain-related jobs has additionally translated into improved Salaries for those in that Field. online jobs website Employed, told CNBC that the average Salary payment for blockchain developers is between $150,000 and $175,000 – which is $15,000 to $40,000 more than what Software engineers take home. That salary range puts blockchain developers at par with another in-demand field –engineers dealing with AI(Artificial Intelligence ).

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

What’s The Reason Behind The High Salaries For Blockchain Developers?  

The high Salaries for those working in the Blockchain space is primarily a  function of supply and demand. Tireless media coverage has ensured that the Blockchain technology is on everyone’s mind. Big and Established firms such as Microsoft, IBM, Samsung, have embraced blockchain and announced initiatives specifically related to the technology.

Microsoft has started a Blockchain-as-a-service (BAAS) within its cloud Division, Azure.Facebook has Tasked a team to explore blockchain uses in its business.

There are  Few programmers with the relevant skill set on Blockchain Technology which has helped inflate the salaries for those with the technical Expertise.In order to fill the gap that has been created with the shortage of Blockchain developers, several Initiatives have been Launched to motivate budding developers.

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

This includes :

  • Bounty Programs – These programs allow the developers to discover and resolve bugs before the general public is aware of them, preventing incidents of widespread abuse.
  • Boot camps- Held a few times in a year, Boot camps bring together developers who share ideas and challenges facing the Field.
  • Universities have also not been left behind. They have started Online courses focused on Blockchain Technology. University of Nicosia is offering MSc in Digital Currency.The program seeks to fill an important gap that exists today between the supply and demand for academic and practical knowledge in the area of digital currency and blockchain Technology.

Leave a Comment

Latest Crypto News

Coinbase CTO: Crypto is Entering the Tech Mainstream

Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square

Using Crypto to Take out a Real Mortgage on Virtual Land

Using Crypto to Take out a Real Mortgage on Virtual Land

It’s not Thursday, but this story sure feels like a throwback to headlines from last year’s cryptocurrency mania: crypto enthusiasts have begun using their tokens to take out real mortgages on virtual land. Decentraland &

Bitcoin Futures Volatility Hit Record Low in October

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt,

IBM Files Patent for Blockchain-Based AR Helper System

IBM has filed a patent for a blockchain-based system which will prevent players of augmented reality games entering physical spaces that are undesirable. They cite as examples “high-risk locations, culturally sensitive locations, locations marked by property owners.”

bat-token-coinbase

Breaking: Coinbase Pro Lists Ethereum Token BAT

Coinbase has just announced that trading of the Basic Attention Token is soon to be enabled on the Coinbase Pro platform, and deposits of the token are now being accepted.  Trading in the token — which runs on Ethereum

morgan-stanley-bitcoin-futures

Morgan Stanley: Bitcoin is a New Institutional Investment Class

There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new

Ron Paul Says Crypto Could Prevent Recession

Ron Paul Says Crypto Could Prevent Recession

Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession. Ron Paul, the father of current United States Senator Rand Paul,

Tether Found a New Bank, and it Might be in the Bahamas

Tether Opens $1.8 Billion Bank Account in the Bahamas

Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it has established a banking relationship with a small financial institution based out of the Bahamas. The cryptocurrency firm, notorious for its opaque operations,

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$4,463.62
-16.21%
3
Ethereum
Ethereum
$133.24
-15.51%
2
XRP
XRP
$0.4521
-6.71%
5
Bitcoin Cash
Bitcoin Cash
$217.14
-39.83%
7
Litecoin
Litecoin
$32.916
-14.29%
9
Cardano
Cardano
$0.046059
-15.94%
4
Stellar
Stellar
$0.1996
-13.89%
17
NEO
NEO
$8.916
-17.73%
6
EOS
EOS
$3.670
-11.74%
13
IOTA
IOTA
$0.3018
-18.44%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK