Crypto Job Interest Remains Strong

| Publish date: 11/18/2018 (Last updated: November 21, 2018 10:19 AM)
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In the latest crypto news, the interest from both employers and job seekers when it comes to blockchain and cryptocurrency-related jobs has declined in the past year. This is according to a newly released data, which feature the significant difference between the time period.

A ‘Different’ Picture

According to figures provided to the media, from one of the largest jobs sites, Indeed.com, searches for roles involving Bitcoin, blockchain and cryptocurrency dropped by 3.06 percent from October 2017 to October 2018

Meanwhile, employer interests in such jobs increased by 25.49 percent over the same period. This one here refers to the number of job postings. It is safe to say that the statistics paint a “very different” picture than that seen last year, Indeed announced.

In the year from October 2016 to October 2017, job seeker interest rose by 481.61 percent, while employer interest increased by 325 percent.

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Raj Mukherjee, Indeed’s senior vice president of product, was quoted as saying:

“While over the last few years Indeed saw a steady rise in job seeker interest for roles related to cryptocurrency, our data shows that job searches for these roles really picked up around the time when the cost of bitcoin was at its highest. Since then job seeker interest has gone down, but still remains strong.”

A different report from job portal Glassdoor, published last month, indicated a 300-percent increase in blockchain-related job openings in the U.S. after comparing the month of August this year and last. The median salary also rose by 61.8 percent to $84,884 per year for blockchain-related jobs, it said.

DLT Developers

While job seekers may not appear to be looking for blockchain-related work as much as they were previously, there seem to be many more companies in need of distributed ledger technology (DLT) developers.

According to recruiting firm Robert Walter, there was a 50% increase in the number of blockchain and crypto-related job postings in Asia since 2017. The high interest, however, does not mean that there are just as many qualified blockchain professionals.

Julian Hosp, the co-founder of TenX, a cryptocurrency payments solutions provider, said it was quite challenging to find people who are highly skilled in developing blockchain-based software. He also revealed that his company has to usually recruit professionals working outside the crypto industry – as the people inside the crypto space do not have enough experience.

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