Blockchain expertise captured the No. 1 position on the latest skills index by Upwork for being the hottest in the U.S. job market. This is just one of the many indicators of how high the demand is for people with blockchain skills. Blockchain may have begun in finance to support cryptocurrencies, but now blockchain technology and the solutions it can provide are being explored by industries from healthcare to insurance to manufacturing and more. The only way companies can explore and achieve goals with blockchain is to hire those who have the skill-set to navigate this new technology. Here we’ll spotlight what blockchain technology is, who wants those with blockchain skills and some of the best blockchain jobs and careers that are available today.
What is blockchain technology?
Although blockchain technology was first developed to use with the cryptocurrency bitcoin in 2008, it is essentially a distributed database that can store any type of record. Users can only edit the parts of the blockchain they own, making it highly secure, but anyone with access to the blockchain can see it, so it is also highly transparent. Some have described blockchain as the “internet of value”—anyone can send value anywhere the blockchain file can be accessed just like anyone can publish information that others can access on the internet no matter where they are in the world. Now that blockchain technology has expanded beyond the financial sector, many companies representing many industries are researching and exploring how adopting blockchain could help their business.
Where is the demand for blockchain skills?
Blockchain has become what the “cloud” was in the mid-2000s, poised to be the most highly talked about technology and one that offers tremendous professional opportunity. According to Upwork’s skills index, blockchain is the fastest-growing skill out of more than 5,000 on the site. Currently, demand is far outpacing supply. According to Burning Glass Technologies, there were more than 5,743 largely full-time job openings posted that required blockchain skills in the last 12 months. Even though as a skill-set, blockchain technology is in its infancy, it’s in demand from start-ups as well as established companies such as IBM and Samsung. Organizations are exploring not only cryptopcurrencies powered by blockchain but how the distributed ledgers that are the backbone of blockchain can be applied in other areas such as supply chains, legal, contracts and more.
Blockchain research and adoption requires the leadership and skills of professionals who can build the strategy and develop the blockchain solutions. Here are a few of the hottest positions:
Since there is virtually no industry leader who isn’t somewhat intrigued by the potential opportunities made possible through blockchain technology, blockchain developers who have the expertise to help companies develop blockchain platforms are in high demand. Blockchain development might offer the most robust career path at the moment, because until solutions are developed, all the benefits of blockchain can’t be realized. Some organizations call this role a blockchain engineer. This is a highly technical position that requires tremendous attention to detail.