Report: Crypto and Blockchain Jobs Up 118% in 10 Months

September 07, 2021, 11:00 AM AEST - 3 weeks ago

Cryptocurrencies and blockchain technology have boomed in recent years and organisations need to expand their abilities. Given the relative newness of the industry, jobs and qualifications have not really been geared toward developing blockchain, but this is now changing. Organisations need to appoint individuals with the necessary know-how if they are to keep pace with changes in the market.

In a report released by The Korea IT Times, crypto and blockchain companies have been doing just that, and the number of jobs in those fields is rapidly rising. Organisations have an increasing need for employees with specific crypto and blockchain knowledge. Because of sheer demand, crypto recruitment shortages have been experienced as exchanges have had to compete with banks for the best in the business.

According to data from crypto trading simulator Crypto Parrot, as of mid-July this year crypto and blockchain job postings had grown an impressive 118 percent over the previous 10 months.

Jobs Wanted, Though Not So Much in Software Development

The growth has come with a shift in the most sought-after roles. For example, the share of management posts in crypto and blockchain increased 29.87 percent year-on-year as of July 16, while human resources posts rose a massive 200 percent over the same period.

By contrast, software development jobs have slipped to 29.7 percent of all crypto and blockchain job posts, compared to 34.8 percent in 2020.

Twitter accounts such as Cryptocurrency Jobs post available jobs daily:

In its report, The Korea IT Times observed that blockchain-related roles appear to attract a higher salary range than other technology posts, due to the required strong knowledge of cryptography and expertise in ledger economics and object-orientated programming.

The industry is also finding favour in remote workers due to the pandemic, citing that it proves a good fit for an industry built on decentralisation. Remote working also encourages core developers and researchers to engage with many organisations and employers on different projects.

As crypto, blockchain and DeFi have gained traction in educational institutions, the report indicates that many developers in these sectors remain self-taught. Data suggests that universities and institutions still lag in this area.

Australia Embraces Crypto and Blockchain 

Australia is fast becoming a major player in the world of crypto and blockchain. TAFE Queensland, in partnership with Blockchain Collective, for example, has become the first Australian tertiary institution to offer a registered Diploma of Applied Blockchain.

Australia is also at the forefront of becoming a crypto-friendly country as politicians advocate for better regulations to attract new investors and create more job opportunities for Australians.

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