Demand for Blockchain Jobs Continues to Increase

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August 15, 2019 – Blockchain and cryptocurrency-related jobs have seen a significant rise in 2019 as compared to 2018.

An extensive report from CoinTelegraph has revealed trends in the blockchain jobs market globally. Here are the key insights:

Companies have posted 2% more blockchain-related job postings on LinkedIn versus the previous year.
According to job site Glassdoor, there is a 40% increase in the demand for blockchain specialists for companies in the US.
On the job seeker side, people are searching for blockchain jobs twice less than during Bitcoin’s peak price of near $20,000.
Companies now prefer full-time employees. According to blockchain platform Illuminates, again as reported by CoinTelegraph, the decrease in remote jobs might be related to “unprofessional subcontractors with fake portfolios, co-founding relations, client promises and payment delays, etc”.

How much blockchain specialists earn?

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Glassdoor disclosed salaries ranging from $17,000 – $271,000 per year. This salary range is not affected by an increase in talent and job seekers coming from SouthAsia.

It is cheapest to hire a full-stack developer from India.
Intellectual property and cryptocurrency attorneys command the highest freelance work rate at US$200 per hour.
Highest salaries are still paid in the US followed by China, Japan, and Thailand
Anyone can apply for higher-paying jobs by applying for remote vacancies.
Developer salaries are the same, but requirements are “stricter”.
The demand for legal professionals is constantly growing. For example, Coinbase is willing to pay up to $386,00 per year for the role of “Senior Associate General Counsel – Regulatory” who will be in charged with managing the company’s relationship with the regulators.
Global Companies are hiring more for blockchain-related vacancies.
It is popular to get paid in cryptocurrency.

If there’s one thing clear from the study, it’s that blockchain-related jobs are here to stay and there will likely be more openings in the future.

Check out CoinTelegraph’s report here.

This article is first published on BitPinas: Demand for Blockchain Jobs Continues to Increase

Photo by Glenn Carstens-Peters on Unsplash