Blockchain Jobs Continue to Explode in Demand Offering Premium Pay

Blockchain development is currently the second most popular skill in the market.

It boasts a growth of more than 200% this year. Due to rising to not only of cryptocurrency but advancement in system among sectors of society like transportation and education, a job opening for technologists with Blockchain development skills continue to be prioritized by companies through the last quarter of 2017.

The median income for Blockchain developers in the U.S. is $130,000 a year, compared to general software developers, whose annual median pay is $105,000, according to Matt Sigelman, CEO of job data analytics firm Burning Glass Technologies.

“Actually, what you’re seeing…and this is a very interesting phenomenon, is the wages have fallen a bit. That’s not a reflection of the market not valuing those skills; It reflects the spread of blockchain to a greater market. Inevitably, the salary goes down because those skills are not so rarified. Demand is spreading out to the heartlands”.

Blockchain development is a rare skill that is growing. Hiring is still at early stages but said to be a good move for firms to start scouting for people who are experts in Blockchain. Banks like Liberty Mutual, Capital One and Bank of America have posted openings.

Moreover, enterprises are considering the use of blockchain distributed ledgers to create more efficiency by eliminating the need for central administration, as is required with a relational database.

Courses for Blockchain development is now being offered by universities such as Princeton, UC Berkeley and Stanford. Besides Blockchain, many companies are also seeking companies with skills in Java Script and Python language coding.

Sigelman further adds:

“I think somebody who is on the leading edge of software development is not going to feel like these Blockchain skill sets are new ground for them”.

A skill in Blockchain can open new careers in different industries. Furthermore, Blockchain is also making inroads into industries as diverse as retail sales, administrative services, transportation and warehousing, where it’s being used as way to manage distributed supply chains.