Blockchain is Most in-Demand Hard Skill in 2020
The leading job search websites found that blockchain is the most in-demand hard skill among recruiters in 2020. Increasing investment in technological development indicates the blockchain-boom ahead.
Blockchain will be “the most in-demand hard skill” in 2020, according to a LinkedIn report. Blockchain and crypto-related job postings are also climbing the ladder on top headhunting websites, found a November report by Indeed, a LinkedIn competitor. According to Indeed, blockchain- and crypto-related job ads increased by 26 percent from 2018 to 2019.
Blockchain has emerged from the once shadowy world of cryptocurrency
LinkedIn, the worldwide leading professional online network, publishes an annual report in which it summarizes the most sought-after skills of hiring companies, based on the profiles of the users who are “getting hired at the highest rates.” Last year, cloud computing, artificial intelligence, and analytical reasoning led LinkedIn’s global list. This year, blockchain came out on top.
There are mainly two reasons why blockchain has gotten the top position. Firstly, employers are ready to pay higher wages for blockchain professionals, as blockchain development is still a relatively rare skillset, compared to other tech-skills.
Secondly, businesses across a wide range of industries are using blockchain technology today. Or as LinkedIn puts it. “Blockchain has emerged from the once shadowy world of cryptocurrency to become a business solution in search of problems. […] This means that you don’t have to be in financial services to be seeking new hires who have background and expertise in putting blockchain to use.”
Increasing research and development will accelerate technological progress
LinkedIn’s report shows that companies are not only increasingly deploying blockchain solutions but also heavily invest in research and development. With more companies exploring blockchain, technological progress will accelerate and more businesses will bring their solutions to market.
The job report also highlights that Blockchain is no startup niche-technology anymore. Among the top blockchain-recruiters were companies like IBM, Oracle, JPMorgan Chase, Microsoft, Amazon, and American Express.
Location-wise, companies in the United States, the United Kingdom, France, Germany, and Australia were looking for blockchain-talent the most. That said, LinkedIn is not as popular in Asian countries – including China – as it is in the west.
As the report says, the business world “is voting with its jobs, and companies seem to be saying that the potential [of blockchain technology] is worth the gamble.” If it’s worth for businesses to spend millions of dollars in R&D expenses, investors should certainly be looking at the technology as well.