Blockchain Job Market Growing

Despite the fact that the cryptocurrency market is struggling, the Blockchain job market is growing. Data shows that there has been sustained growth in jobs related to Blockchain technology in Asia.

Data on Jobs

According to the recruitment firm, Robert Walters, there has been a 50% jump in the number of job roles for Blockchain or cryptos in Asia since last year. And of these roles, developers with skills in Python language are the most wanted.

Additionally, data collated from the job search platform Indeed shows that interest in its main Asian markets has been increasingly focused on jobs related to Blockchain and cryptocurrency rather than just Bitcoin-related jobs as was the case earlier. The platform’s main Asian markets include India, Singapore, Malaysia and Australia.

The challenge is that since the Blockchain and cryptocurrency is still relatively new, getting experienced professionals is an issue. Which is why the majority of job seekers are from outside the industry.

The Singaporean crypto-wallet and card company TenX, Julian Hosp stated that they hardly ever hired from within the industry. This is because most of the people were very inexperienced and that it was very rare to find someone with experience at this point in time.

The director of the financial services firm Robert Walters, John Mullally added on to that point. He stated that while there are many crypto enthusiasts who wish to join the Blockchain industry, there weren’t many people who actually had the skills required to handle developer roles in this space.

Volatility in Jobs

Another point that was brought out by the data from Indeed was the volatility in Bitcoin related jobs.

A spokesperson from Indeed said in an interview that the job market in Asia seems to be similar to the US, in that jobs in Bitcoin are as volatile as the trends in the cryptocurrency market.

In fact, according to Hosp, when the crypto market is doing well, then they get a huge surge of job requests.  Then, when the markets start going down, then the number of job requests related to cryptos correspondingly goes now. Hosp says that most people’s decisions in this matter are completely emotional.

The platform’s data has shown clearly how jobs related to Bitcoin have declined since BTC’s all-time high token price in December last year. Blockchain industry related jobs, on the other hand have been growing strongly despite the bear markets.