High Demand for Blockchain Engineers Shows Industry Growth
One measure of the health of an industry is the demand for talent in the field. Blockchain is pushing the upper double and triple digits in key metrics. Despite the efforts of various governments to rein in crypto, demand for blockchain talent grew 76% from June 2021 to June 2022, and demand continues growing with a “large gap in demand for technical talent in the global blockchain talent pool.”
The findings come from a study conducted by LinkedIn and the crypto trading app OKX.
“In terms of the growth rate for blockchain talent globally, the study determined India to be the highest-ranked country with a growth rate of 122%. Canada is next with 106%, while Singapore is in third place with a growth rate of 92%.
“With regards to blockchain job postings, Canada had the highest growth rate of 560%. Singapore is in a distant second with a growth rate of 180%, while India’s growth rate of 145% puts it at number three. The United States and Germany, which both saw an 82% increase in the number of blockchain job postings, are tied in fourth place.”
Yes, the study shows that the United States is among the top three markets for blockchain talent globally. But, there is serious growth in nations like Singapore, India, Indonesia, Bulgaria and Nigeria, which is a quiet reminder that talent can go anywhere if the United States and other Western nations bring down a heavy regulatory hand on the crypto industry.
Thanks for reading Silvermint! Subscribe for free to receive new posts and support my work.