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Blockchain Jobs Are at Top Demand by U.S Companies

Maya Mandzikasvili | Dec. 14, 2018
Blockchain Jobs Are at Top Demand by U.S Companies

December 14, 2018 | AtoZ Markets-Recently, LinkedIn, a platform for business and employment, released a report of the most sought-after specialties. According to this document, the most popular specialty among the U.S. employers this year is the blockchain developer.

Demand for the Blockchain Developers Has Grown

Despite early reports that specialties focusing on data processing may be the most in demand, the online employment service found that the demand for blockchain developers has grown 33 times in the last 12 months compared to the same period last year. The request for these experts came at the most from companies such as IBM, Consensys and Chainyard in cities such as San Francisco, New York, and Atlanta. The specialty of a machine learning engineer took second place in the LinkedIn ranking. The head of application sales, a machine learning specialist and a professional medical representative took 3rd, 4th, and 5th places respectively.

Bitcoin Value is Falling But Blockchain Is Still On Top

Despite the extreme volatility of Bitcoin (BTC) this year - its value fell from almost $ 20,000 last December to $ 4,000. Cryptocurrency can be viewed as an excellent proof of the concept behind the underlying blockchain technology, which corporations like IBM or Spotify are actively experimenting with. This week, IBM announced that the Telecom Regulatory Authority of India (TRAI) could soon start to use the blockchain technology for mobile number portability (MNP) and the Do Not Call (DNC) registry to improve mobile data records. In its turn, Spotify seeks to use the blockchain to compare royalties -a sum paid to an author or composer for each copy sold, with rights holders. The company acquired the Brooklyn-based blockchain startup Mediachain Labs which will work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service.

It is too Early to Make Any Assumptions

However, it is still too early to say whether the demand for blockchain developers will be in the next few years. It should be noted that the "blockchain" never been in the top 20 of the new jobs in 2017, while the "engineer of machine learning" was at the head of the list. Guy Berger, chief economist at LinkedIn, in one of his recent interviews, said that only time will tell what applications of the blockchain technology have future outside the cryptocurrency space and in ordinary business functions. "I think it will still be a speculative set of skills and professions until it takes more space and turns from a larger enterprise into something more concrete," Berger stated in his interview. LinkedIn reports that despite the fact that six of the 15 most popular new jobs this year are related to artificial intelligence, skills such as verbal communication and people management remain extremely popular. According to the employment-oriented platform job, candidates who excelled in both skills were hired faster than people who didn't have them. “We sometimes underestimate how important these skills are,” added Berger. “We always think about STEM skills, technical skills, and programming training. But really soft skills are one of the most durable skills because in our world we always have to communicate with people. In terms of solving this problem, people can invest in speech and presentation skills. These are the skills you need at any job." Despite the fact that the blockchain developer may be the hottest job of this year, mastering the ability to collaborate and communicate well in the workplace is likely to lead to a further job search, regardless of industry, Linked report outlined.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.