Is Blockchain Really in Demand?

19-Oct-2022

This era can be befittingly called the blockchain era as it is becoming increasingly popular. Businesses from a variety of economic areas are starting to embrace the decentralized ledger concept. Blockchain technology is experiencing a global rise of enterprises adopting it for solving key business issues.

In fact, the adoption of Blockchain technology is happening so quickly that its business value will surpass $3 trillion by the year 2030, as estimated by Gartner. This ultimately results in blockchain skills in demand, offering competitive space for aspiring professionals.

There are numerous uses for blockchain technology that may be found in numerous industries. Smart contracts, supply chain analysis, and identity management are the most common applications for reflective technology. The whole spectrum of advantages offered by this technology is expected to be discovered in the future. Pursuing a career in blockchain technology is going to be a promising prospect.

Highlighting Blockchain Developer Demand 2022

Regardless of the changing crypto future, there is a surging demand for blockchain developers. Blockchain developers' skill sets will still be used by cryptocurrency suppliers, but they are now transferable to a wide range of sectors.

Blockchain is cited as one of the top five technologies to be the "next big thing" in a recent survey, and the Silicon Republic highlights the blockchain as having a fantastic potential for skill upskilling. Blockchain training can help employees broaden their skill sets, and businesses would be wise to support this training to promote better productivity and enhanced security. There are many blockchain developer positions available. This is evidenced by a short search of employment sites like Indeed will reflect numerous blockchain developer job profiles. Normally, a blockchain developer's salary starts at over $125,000.

It is a given that there is an increasing and continuous blockchain skill in demand, and this phenomenon is going to elevate like those of data analytics and cybersecurity quickly. The only challenge is that there is a shortage of talent to fulfill the demand.

Businesses will have to look out for the following points to make sure they are in the same rhythm with this cutting-edge technology.

Fostering the development of skills

As was already said, the increased interest in blockchain makes it a great option for skill upgrading. It is worthwhile encouraging personnel to pursue blockchain development on the corporate dime and time to help create the groundwork for new frameworks as the number of trainers-led and self-directed courses continues to expand.

Choosing full-time replacements

Upskilling may not be feasible if teams are already overworked, and budget constraints may prevent the hiring of new full-time employees. In this situation, managed service providers give a route to technological expertise without requiring the same time and resource commitments as hiring new IT specialists.

Opportunities for a Career in Blockchain Technology

If you are invested in pursuing a career in blockchain technology, it is ideal to have clarity and knowledge of which industries hire the most and which blockchain skills are in demand.

Essentially, four players serve as the best industries that offer a career in blockchain technology, namely: Industries, Startups, Tech firms, and Governments.

Jobs with a Career in Blockchain technology

Blockchain Developer

The blockchain skill in demand is seen highest in the position of a Blockchain Developer. Blockchain developers assist businesses in analyzing blockchain systems. This position has become the most marketable job option, given how industries across multiple sectors are leveraging the benefits of blockchain technology.

Blockchain Solutions Architect

The Blockchain System Architect is in charge of organizing, assigning, and linking the many components of the Blockchain system with the assistance of the team's expertise, which includes developers, network administrators, UX designers, and IT Operations.

Blockchain UX designer

Now that so many firms are utilizing Blockchain, its layout and user interface are essential. It is the responsibility of a Blockchain designer to provide a user interface that encourages trust and appeals to common people.

Blockchain Project Manager

A manager in Blockchain technology is tasked with the responsibility of connecting Blockchain projects with professionals who create blockchain solutions. They are expected to possess skills and prowess similar to that of conventional Cloud project managers, coupled with knowledge of technical aspects. They should also possess excellent skills in communication which is a crucial element in dealing with non-technical staff/co-workers while communicating updates or during their attempts to obtain resources from higher authorities.

Blockchain Quality Engineer

Every development environment has a quality assurance engineer to conduct tests and ensure that all project components fulfill the necessary quality standards. A Blockchain Engineer performs the same role and function in the realm of blockchain technology and guarantees world-class processing.

Blockchain Legal Advisor

As businesses try to figure out how to incorporate Blockchain technology into their operations, legal issues invariably arise. Companies seek legal counsel on the considerations they should make when making investments as they deploy this new technology. They are interested in managing their identities, financial management, and how their actions will be interpreted. Naturally, such a person needs to be able to communicate well.

A career in blockchain technology and its potential will continue to grow. Technology is here to dominate the IT landscape for years to come. Hence it is ideal that interested individuals invest in obtaining the blockchain skills in demand.