Block chain companies are experiencing a significant drop in the number of jobseekers. From September 2018 to September 2019, "the share of job seekers in cryptocurrency per million actually increased by 26%, while that of job seekers per million decreased by 53%", says the blog. BeSeen job portal indeed.
Already, from September 2017 to September 2018, job offers in crypto and blockchain have increased by 214%. This was offset by an increased demand for "only" 14%.
In fact, job seekers would be guided more by the general evolution of the blockchain sector than by the actual job offer. Therefore, it is worth taking a look at the roller coaster that the blockchain scene has seen in recent years.
The blockchain scene grows
Since Bitcoins' first flagship trip in 2009, many companies have decided to develop their own block chains and crypto-ecosystems. The growing importance of blockchain technology is certainly one of the main causes of the explosion of demand for skilled labor.
Between September 2015 and September 2019, the share of these jobs per million in cryptocurrency positions increased by 1.457%. During this period, the share of job searches per million increased by only 469%,
This is stated in the analysis of the portal of employment.
In 2017, the boom in Inital Coin Bids (ICO) brought great publicity to the cryptocurrency and blockchain industries. Many start-ups have taken advantage of the new opportunity to raise large sums. New job opportunities have been added with these ICOs.
When the ICO bubble finally burst in 2018, the market capitalization of all cryptography applications dropped by more than $ 700 billion, a decline of 85% from January's peak, more than the 78 crash. %, according to an analyst. HackerNoon described. More than 1,000 cryptocurrency projects have disappeared in 2018 and are also declining TechCrunch its summary. In addition to examples of failed business models, many fraud cases are in the list of failed encryption projects. Coinopsy and DeadCoins have carefully listed.
As a result, the authorities began to regulate the market. Many projects have had to pay heavy penalties. Including Block.one. The blockchain company behind the EOS cryptocurrency has accepted a payment of $ 24 million because its original parts offering (ICO) has not been approved. However, Block.one had spent several billion dollars on its EOS-ICO for about a year. Block.one was able to do without the fine.
Phoenix of ashes
Ashes of failed projects, a whole series of companies are once again mounted. Including Coinbase and Binance. In addition, traditional giants such as Amazon, Walmart and J. Morgan Chase have begun to discover blockchain technology and integrate it into their existing systems.
This has given a boost to blockchain technology and thus to the job market of blockchain experts. This explains the increase in the number of encrypted job offers. According to Indeed, between October 2018 and September 2019, software engineers, software architects, full-stack developers, and front-end developers in the crypto and blockchain industries were all in demand.
The companies with the highest number of job offers over the past year were indeed large companies such as Deloitte, IBM, Accenture and Cisco. This is consistent with the current trend of introducing blockchain technology as a standard technology in many sectors.
However, based on the above figures from last year, job seekers were much less interested. This may also be due to bad news that has damaged the reputation of the blockchain industry as a whole.
According to BTC-ECHO's analysis, the blockchain scene does not currently suffer from the lack of interest of software experts. It lacks a sufficient number of qualified IT specialists.
BTC-ECHO therefore offers its own job market in the blockchain sector and helps to overcome the shortage of skilled labor through continuous training in our own academy.
In addition, the blockchain technology conference in Berlin currently offers many opportunities for interested parties to engage in block-related topics, such as smart contracts, innovative cryptographic algorithms, development applications or peer-to-peer networks. .