Blockchain Job Market 2020
If you’ve read our previous blogs you’ve surely noticed that the blockchain market has been booming in the recent year more than ever before. So it’s no surprise that the most in-demand hard skill of 2020 in the US, the UK, France, Germany, and Australia was blockchain. Many factors increased the interest in the blockchain itself, hence, the demand for blockchain professionals. You can check our previous blogpost for more information about the most exciting moments of crypto in 2020.
Now let’s take a look at one of the fastest-growing job markets in the world. So if you’ve ever considered whether a job in the blockchain industry is for you, this article is for you. You will find information about the existing positions, salaries, hiring companies and, finally, how you can gain the necessary skills.
Blockchain Is Not Only About Crypto
Blockchain was once considered as a technology used only in cryptocurrency. But this time has long been gone and blockchain has emerged into a reliable solution for many business cases. Various prestigious companies worldwide already turn to blockchain to run their processes more efficiently and securely. It is being used in a variety of industries such as healthcare, logistics, aviation, fashion, farming, entertainment and gaming, and everybody needs specialists to realize their projects. The demand for blockchain-related roles in IBM, EY, and Oracle are good evidence of this.
Firstly, let’s understand where you can find a blockchain job. Actually, the hiring scene is changing very fast. Even such legacy players as banks, law and accounting firms that haven’t reacted before are already changing their attitude towards blockchain. Blockchain is developing and expanding, and if they don’t figure out how to use it, they will be out of business in several years.
Next place to look for a blockchain position is the evergreen scene of startups that have been there since the very invention of Bitcoin. Bold ideas need smart heads to realize them, so maybe this is your right place..
Another option could be Tech firms that also try to keep up with the blockchain trends. The thing is that the secret of their overwhelming success has always been based on centralized services. But as decentralized platforms keep growing, users are getting used to them as they are cheaper and provide more benefits. Tech firms have no choice but to adapt in order not to lose customers.
And finally, the potential of the blockchain is so huge that many governments have hired blockchain experts to advise them. For example, in Estonia, blockchain is used to make government agencies fairer and more efficient. The bottomline is that all the organizations mentioned above are creating blockchain jobs every day.
But What Blockchain Positions Do Exist in the Market?
There are various positions like blockchain developer, blockchain solution architect, blockchain project manager, blockchain UX designer, blockchain quality engineer, blockchain legal consultant, and many more. However, as in previous years, engineering roles continue to dominate the blockchain space. Below you can see the distribution of blockchain jobs across roles:
Why Join the Blockchain Industry?
Many reasons can motivate you, first and foremost the sphere is exceedingly popular nowadays and there’s a high demand for professionals. Another factor that may encourage you to become a part of the blockchain space is that it is one of the most intellectually stimulating fields that combines areas such as cryptography, economics, philosophy, finance, software development, etc.
The next thing that deserves your attention is that the blockchain industry shows a strong preference for remote work compared to traditional spheres. That’s why you can come across many blockchain companies that offer remote work from all over the world. It is shown in the following study by AngelList:
You should also pay attention to the fact that blockchain is an emerging technology as companies that use blockchain are still relatively few. So the industry is still developing. There’s a lack of experts, meaning a higher demand and lower competition for you. If this doesn’t excite you, I don’t know what else can do.
Last but not least, Blockchain job salaries are much higher than salaries in other industries. According to AngelList, salaries for both technical and non-technical jobs in the blockchain industry exceed the equivalent roles in non-blockchain companies, highlighting the high demand for blockchain knowledge.
For example, according to jobs site Hired, the average blockchain developer salary is around $150,000 to $175,000 per year. While the average software engineer’s salary is around $137,000 per year. The difference in salaries shows that blockchain skills are highly desirable and demanded in the job market.
Techies and Non-techies in Blockchain
If you’re still not sure whether you can join the blockchain industry or not let me tell you something. All kinds of specialists with blockchain knowledge are needed here. The jobs are usually separated as techies and non-techies in the market. So, if you’re a software developer or an engineer, you need to get acquainted with new coding languages like Ethereum’s Solidity. Then you can already start the next chapter of your working career. But if you’re more of a non-tech type and you’re enthusiastic about blockchain, no worries. There’s also a need for non-technical employees in blockchain. Non-technical roles occupy about 38% of jobs in the blockchain industry. So specialists coming from other spheres such as marketing, law, accounting, public relations are always welcomed. You can see the most popular non-tech roles in blockchain below.
You may be worried about the job duties, but there’s no need. Usually, job responsibilities in the blockchain are similar to traditional ones. You just need to level-up your skills and grasp an understanding of blockchain and crypto.
Where to Start?
Short and sweet, if you’re really interested in this exciting technology and you think this can be your future, just give it a try! Starting your career in the right direction is crucial. So the easiest way to start is to enroll in one of our courses mentioned below.
- If you’re new to blockchain and don’t know what’s that all about – “The Blockchain Challenger” course is for you. You’ll learn everything about blockchain technology and what possibilities it has.
- If you’re already a software developer and want to switch to coding on blockchain – “The Ethereum and Solidity Development” course will be a great fit for you.
After you finish the course, you’ll get certified by Nooor Blockchain Armenia, introduced to the community, and dramatically increase your chances for landing a new job.
Blockchain is a fast-growing sector that creates exceptional opportunities for both tech and non-tech innovative professionals. The amount of industries applying blockchain is increasing day by day. And it’s not a secret anymore that many professions will be out of the job market in 10-15 years. But blockchain is here to stay and ensures success tomorrow. That’s why the blockchain job market is exceedingly successful, and specialists having blockchain skills are much in demand nowadays.
Start your blockchain journey right now and lay the foundation of your bright future.