Friday, Mar 02 2018

Is Blockchain Actually Creating Jobs?

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There’s a lot of hype surrounding blockchain, especially due to its association with Bitcoin, which skyrocketed to a value of just under $20,000 per coin before experiencing a significant decline. With all the chatter, many professionals have considered making a move into the field of blockchain development. But the big question is, is blockchain actually creating jobs?


While any new technology that garners as much attention as blockchain will certain lead to the creation of some new jobs, the actual number available may surprise you. If you’re curious about positions in blockchain, here’s what you need to know.


Requests for Blockchain Skills are Rising

Since there was a bit of a fervor surrounding blockchain, it’s no surprise that the number of employers looking for people with that skill has increased throughout 2016 and 2017. The technology has a lot of potential, particularly in industries where virtual contracts would be beneficial.


It is likely that requests for blockchain skills will continue throughout 2018, but the rate at which this occurs may leave some disappointed.


But It Isn’t Rising as Fast as You’d Think

One survey showed that, in early February, there were on 133 positions listed that explicitly asked for blockchain, while a total of 36 mentioned Bitcoin specifically. Additionally, there are a suitable number of professionals apply to these roles, making it apparent that tech workers are interested in getting an opportunity to work with blockchain.


Further, throughout 2016 and 2017, the number of available positions associated with Bitcoin tended to fluctuate, and only a few dozen employers were seeking workers with the blockchain or Bitcoin skills.



What Does the Future Hold?

While it is impossible to predict with any level of precision just how many blockchain jobs will be created in the future, there is potential for a notable uptick. The technology could provide significant benefits to a range of employers in a number of industries, particularly when it comes to records management and bookkeeping or in healthcare.


However, blockchain technologies are largely in their infancy outside (and even occasionally inside) the cryptocurrency realm. As new solutions are developed that can assist businesses with their operations, demand may increase, potentially sharply.


At this point, demand for blockchain and Bitcoin skills is fairly low. But, if adoption rates increase, which they very well could, so will demand. But, that doesn’t mean you have to forgo a career in blockchain now, as there are many employers who would be happy to bring on a skilled developer, even if it is just in preparation of future projects.


If you are interested in learning more about what a career in blockchain could offer you or are seeking a new IT position, the professionals at The Armada Group can provide you with critical information and connect you with leading employers throughout the area. Contact us to speak with one of our knowledgeable team members today and see how our services can help you take the next step in your career, both inside and out of the blockchain field.