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Opportunities And Salaries For Blockchain Jobs Soar Higher Despite Cryptocurrency Slump

Opportunities and salaries for engineers looking for blockchain jobs have increased manifold in the last couple of years. Despite a massive slump in cryptocurrencies blockchain engineers are still in huge demand. As per reports provided by Hired, a global stats San Francisco-based firm, engineers in this field are making somewhere in between $150,000 and $175,000 average salary. Incidentally, Hired helps its clients recruit high-level talent in the technology field. The company uses data from its service for compiling the stats.

Until some time ago, blockchain was considered to be technology still in its nascent stage. But now with industries accepting it as a technology with a vast scope and potential to bring revolution in the way payments and supply chains can be tracked. Developers in this field are being offered salaries that are at par with experts working in machine learning and artificial intelligence (AI) sector. Some engineers with higher expertise and specialization in blockchain are one of the topmost paid engineers among all.

One of the biggest reasons for the growth in blockchain jobs is that large IT companies including IBM, Facebook, Amazon, and Microsoft are hiring these professionals for creating their own blockchain-based programs and projects. Hired stated that it added blockchain as sub-role service to its list at the end of last year and ever since then it has been seeking employees possessing blockchain engineering expertise. The demand has increased by 400 percent, CNBC reported.

According to the CEO of Hired Mehul Patel, “There’s a ton of demand for blockchain. Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.” Dustin Welden was hired by Globys, which is a Seattle-based company to work on a project using Vanguard technology for integrating different accounting services said that he gets requests for jobs every day through LinkedIn.

Glassdoor also reported recently that the availability of blockchain jobs have gone up by 300 percent in just a period of one year with more than 17,000 job positions opening just after August this year, NewsBTC reported. Even though at present most of the job openings are for crypto and blockchain industry requiring development skills or computer degrees, the jobs related to non-tech skills are also slowly growing up.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Sangati has graduated in biological sciences and also has completed P.G. Diploma in Mass Communication. She has an experience of 14 years writing for leading ad agencies, corporate and media houses, online news channels and websites. She is passionate about writing, reading, music and traveling. Sangati writes blockchain and cryptocurrency news for OWLT Market.

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