The number of people working in the blockchain space is rising almost 80% from year to year
Given the growing interest in the blockchain and cryptocurrency space, there has been an increase in the number of people getting jobs in this emerging technology sector.
In particular, the number of individuals working in the blockchain industry increased by 76% year-over-year from June 2022, according to the findings of a report [PDF] conducted by the professional networking platform LinkedIn and the cryptocurrency exchange and derivatives exchange OKX released on August 10.
“The total number of people working in the blockchain industry among LinkedIn’s worldwide members grew by 76% year-over-year as of June 2022.”
According to the data, the US, India and China are the top three nations in the world in terms of the availability of talent in the blockchain industry. India is the nation with the fastest growing blockchain talent pool globally, with a growth rate of 122%. After that, Canada comes with a growth rate of 106%, and in third place comes Singapore with 92%.
Growth rate of job advertisements
Among the top 10 countries for demand for blockchain talent, Spain had the largest growth, 609%, in terms of the number of job postings related to blockchain technology. With a growth rate of 560% was Canada, while India comes in the top 3 with 145%.
According to the findings, the financial sector has the largest number of individuals working in the blockchain industry, accounting for 19% of the total.
Next in terms of importance is engineering talent, which makes up 16% of the total. Talent in business development, information technology and sales round out the top five list with respective amounts of 6%.
According to the conclusion of the research, there is a significant gap in the need for technical skills.
“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.”
Finally, the research also recognizes that “global blockchain talent mobility [that is] characterized by short tenure and high talent turnover” is an effect of the demand for blockchain talent exceeding the supply.
