Blockchain technology is gradually coming to the mainstream in Asia, hence a corresponding growth in the demand for skills related to the field.
A new study reported by CNBC revealed that roles in the field had sustained an uprise even though the market volatility has hit cryptocurrency related jobs. Demand for blockchain jobs will usually rise or decline based on market performance.
Robert Walters, a recruitment firm said in the report that a 50% increase had been noticed in the number of blockchain roles since 2017. Also, developers who are skilled in Python programming are the most coveted of all the job seekers.
Data from the search engine site, indeed, gave a broader insight into the growth of blockchain and crypto-related jobs. It showed that interest in the roles is more consistent within the general blockchain industry than in bitcoin-related roles.
The situation in Asia seems to mirror the U.S. in that Bitcoin [job search] trends are much more volatile (and related to price volatility) and resulting media coverage while blockchain and cryptocurrency searches have seen a more consistent upwards trajectory, said an Indeed spokeswoman in the report.
As expected, the data also revealed that bitcoin-related job interest was on the low after the cryptocurrency fell short of 2017 landmark moment. But, the blockchain industry has not recorded a similar decline.
Blockchain Job Role in Asia – Industrialists Share Their View
Established financial firms, crypto start-up, and blockchain firms shared their thoughts which were not far from the statistics provided within the report.
Julian Hosp, the co-founder of Singapore-based crypto wallet and card start-up TenX, said that interest rates are completely “emotional.” It will usually grow when “crypto is doing well” and then when the market declines, people will say “I, shouldn’t go in there.”
John Mullally, director of financial services at Robert Walters in Hong Kong says that even though there are many enthusiasts, “not so many people have the actual skill sets.” This has led to the industry also hiring from outside the block.
In China, Wayne Zhu, a founding partner of NEO Global Capital which backs the NEO cryptocurrency had a different perspective. He said financial experts join the blockchain and cryptocurrency industry because they have a much harder time trying to close deals and making money in the capital market.
Does this show that blockchain and crypto markets are ripe to compete against the traditional capital markets?