Blockchain

The Number Of Labor In Blockchain Space Increases Significantly

Because of the rising interest in the blockchain and cryptocurrency arena, the number of people working in this burgeoning technological industry has increased.

According to the conclusions of a report issued on August 10 by the professional networking platform LinkedIn and the cryptocurrency exchange and derivatives exchange OKX, the number of people working in the blockchain business climbed by 76% as of June 2022.

“The total number of people working in the blockchain industry among LinkedIn’s worldwide members grew by 76% year-on-year as of June 2022.”

According to research, the United States, India, and China are the top three nations in the world in terms of blockchain talent available. With a growth rate of 122%, India has the world’s fastest-growing skill pool. Following that is Canada, with a growth rate of 106%, and Singapore, with a rate of 92%.

Top 10 countries for global blockchain talent. Source: OKX

Spain had the highest growth rate, 609%, among the top ten talent demand nations regarding the number of job ads connected to technology. Canada ranked first with a growth rate of 560%, while India ranked third with 145%.

2021 global talent job listings. Source: OKX

According to the statistics, the banking sector employs the most people in the blockchain business, accounting for 19% of the total.

Engineering talent is second in significance, accounting for 16% of the total. With 6% each, talent in business development, information technology, and sales round out the top five. According to the study’s findings, there is a substantial shortage of technical capabilities.

“There is currently a large gap in demand for technical talent in the global blockchain talent pool. Up until June 2022, in terms of job postings, engineering talent tops the global demand for blockchain talent, followed by IT talent. Product management, marketing and human resources are close behind. The finance category, which currently ranks first in terms of blockchain talent, is only sixth in terms of hiring demand.”

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.