Not only is there a greater demand for cryptocurrency and blockchain expertise, but new data suggests that the types of roles being advertised have shifted over time.
A new report based on the most recent data on the cryptocurrency and blockchain job market suggests that higher levels of institutional adoption have resulted in increased demand for expertise in the sector.
According to the employment website Indeed, the overall share of crypto and blockchain job postings on the platform has increased 118 percent since early September 2020, as of mid-July 2021.
This strong growth has coincided with a shift in the roles sought, with the share of management positions in crypto and blockchain increasing 29.87 percent year on year as of July 16. Over the same time period, human resource positions have increased 200 percent, while software development jobs have decreased to 29.7 percent of all crypto and blockchain positions, down from 34.8 percent the previous year. According to reports, all data on role allocation was derived from the crypto trading simulator Crypto Parrot.
BIn the private sector, Fidelity Investments’ crypto arm is reportedly planning to increase its workforce by 70%, JP Morgan has begun accepting applications for blockchain-focused software developers, and Amazon has been looking for someone to lead its digital currency and blockchain strategy and product roadmap amid unconfirmed reports that the mega-retailer will accept bitcoin.lockchain-related jobs pay more than other technology jobs because they require a strong understanding of cryptography as well as expertise in ledger economics and object-oriented programming, among other things. While crypto and blockchain — and even DeFi — have steadily gained traction in educational institutions, the report claims that many developers in the sector are largely self-taught, implying that universities and programs are lagging.
According to the report, relying on remote workers during the pandemic may be a good fit for an industry that values decentralization, encouraging core developers and researchers to collaborate with multiple partners and employers on various projects.
While the report does not provide data on the proportion of public and private sector employers looking for crypto talent, everyone from the Israeli intelligence agency Mossad to the Bank of England has advertised related positions this year.
In the private sector, Fidelity Investments’ crypto arm is reportedly planning to increase its workforce by 70%, JP Morgan has begun accepting applications for blockchain-focused software developers, and Amazon has been looking for someone to lead its digital currency and blockchain strategy and product roadmap amid unconfirmed reports that the mega-retailer will accept bitcoin.