Does developing Blockchain has got a career?

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Blockchain development has become one of the hottest skill in the freelance job market. It has grown more than 6000% since last year and there is an increase in pace in the development of Blockchain. Every day we hear new ICOs coming forward with a better blockchain technology than the yesterday’s ICO. A new report even states that blockchain could become the new “cloud” of the 21st century.

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A study states that Developers with blockchain skills have become the most desirable commodity in the freelance marketplace. Freelance employment website Upwork has released its latest quarterly index of the 20 hottest job skill as of this year. This clearly implies that the job postings for workers with Blockchain skills have grown exponentially. The last quarter report stated that the blockchain technologies are in the second place right behind the robotics.

It is true that blockchain technology in an uncharted territory. Everyone is talking about it, everyone wants to invest their time and money in this particular technology. Today Blockchain technology is similar to what the cloud technology was back in 2004-2010. Blockchain technology currently has the fastest growing skill with more than 5000 skills mentioned on the site. The growth of blockchain technology exceeds 2000% last year and in the first quarter of this year, the blockchain technology has experienced more than 6000% year-over-year growth. And this growth is steadfast and remarkable.

Do you know that the demand for workers with computer/mathematical skills has an exceeding supply by 17% this year based on the data analytics? Burning Glass Technologies has revealed that in the last 12 months, there have been 5,743 full-time job openings for blockchain skills. This data represents a growth of 320%.

When Blockchain was initially revealed prior to the release of Bitcoin, the initial hype surrounding the technology made many companies and enterprises take an interest in Blockchain technology. In the due course of time, major companies like IBM and Samsung have already made an approach towards blockchain and are developing new and innovative ways in which they will develop new advancement in the foreseeable future. Salesforces has also planned to unveil a blockchain offering for its customers during Dreamforce in September.

If you’re into blockchain technology and you can earn a minimum of $250 per hour. In the U.S. a full-time blockchain developer in the U.S. earns up to $140,000 a year as compared to general software developers whose annual median pay is about $105,000 as disclosed by Matt Sigelman, CEO of Burning Glass Technologies. In high-tech regions of the U.S. like Silicon Valley, a blockchain developer can earn as much as $163,000 and in the New York City, you can earn as much as $150,000. More or less the demand for blockchain developers is still concentrated in the high tech regions.

Blockchain has indeed become a disruptive skill, it is fast growing and it is harder to find. The technology is nevertheless in their early stage so is the hiring patterns. Employers are biting the dust when they are starting to figure out where they will find the next blockchain talent and they are much more concerned about how this new groundbreaking technology will change their business.

Banks that are connected with Cryptocurrencies, directly or indirectly have associated with finance with the blockchain technology. The list of the banks includes Liberty Mutual, Capital One and Bank of America and the best part of this collaboration is that these banks have already started posting the opening for the people seeking a career in a specific skill set i.e., the blockchain technology. Cross-border payment is one of the most important reasons as to why Blockchain is getting a lot of appreciated by MasterCard and JP Morgan. The blockchain is creating wonders in the banking sector, there are some companies which are devoted to building blockchain applications such as Consensys Corporation. The demand for blockchain is getting broader and broader each day as major consulting firms like Deloitte, Accenture and tech companies like SAP and IBM are already a part of the blockchain revolution.

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