Number of People Working in Blockchain Industry Up 76%, Big Gap in Demand for Tech Talent Exists – Blockchain Bitcoin News
The number of people working in the blockchain industry rose 76% year-on-year from June 2022, a study by professional networking platform Linkedin and crypto trading app OKX has found. The study also found that there is “a large gap in the demand for technical talent in the global blockchain talent pool.”
China top ten countries with the lowest growth
According to the findings of a study conducted by professional networking platform Linkedin, and crypto-trading app OKX, “the total number of people working in the blockchain industry among LinkedIn’s worldwide members grew by 76% year-on-year as of June 2022.” The findings also show that the United States along with India and China are the top three countries for blockchain talent globally.
In terms of the growth rate of blockchain talent globally, the study determined that India was the highest ranked country with a growth rate of 122%. Canada is next at 106%, while Singapore is third with a growth rate of 92%.
In Nigeria, blockchain talent growth was 81%, the fourth highest globally and the highest in Africa. Among the top ten global blockchain talent pool countries, China had the least growth, at 12%.
Gap in demand for technical talent
In terms of blockchain job postings, Canada had the highest growth rate at 560%. Singapore is a distant second with a growth rate of 180%, while India’s growth rate of 145% puts it at number three. The US and Germany, which both saw an 82% increase in the number of blockchain job postings, are in fourth place.
In terms of the composition of talent in the blockchain industry, the Linkedin/OKX study found that finance talent had the highest proportion of people, at 19%. Engineering talent accounts for the second highest share at 16%. Business development, IT and sales talent complete the top five list with shares of 6% each.
Regarding the large gap in demand for technical talent, the study’s report said:
“There is currently a large gap in the demand for technical talent in the global blockchain talent pool. Until June 2022, in terms of job postings, engineering talent tops the global demand for blockchain talent, followed by IT talent. Product management, marketing and human resources is close behind. The finance category, which currently ranks first in terms of blockchain talent, is only sixth in terms of hiring demand.”
The study report also acknowledges that one of the consequences of blockchain talent demand outstripping supply has been the “global blockchain talent mobility [that] is characterized by short employment periods and high talent turnover.”
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