Blockchain is among the most in-demand technologies today. The rising adoption by corporate giants and startups has surged the demand for the tech. Companies are looking at adopting Blockchain to increase the traceability and security of data.
Despite the surge in demand for the technology that powers cryptocurrency, there aren’t enough qualified Blockchain developers that can be hired. This has led to a significant demand and supply gap. Blockchain developers have become very valuable in the job market. The Blockchain Development skill is listed among the top three job openings globally.
The global spending on Blockchain was $2.7 billion in 2019. It has already disrupted the finance sector. Deloitte’s 2020 Global Blockchain Survey suggests that 39% senior executives have said incorporated blockchain into production.
A recent study found out that Blockchain tops the list of most in-demand hard skills for 2020. The survey report said, “The promise of Blockchain which is essentially a shared digital ledger is huge. Advocates see it as a secure, decentralised, and cost- and time-efficient way to transparently track shipments and transactions of all kinds.”
With a limited talent pool, Blockchain techies are in huge demand. The developers are drawing the highest salaries. The developers can pull in a salary that is compatible with Artificial Intelligence (AI) developers. In India, the average salary received by Rs 7.06 lakh per annum.
Major employers of the Blockchain technology continue to be cryptocurrency exchanges, financial institutions, and FMCG brands. With remote working becoming a new normal, skilled techie can apply for jobs across the globe.