How Much Do Blockchain Engineers Earn Yearly?

October- 22, 2018 | AtoZMarkets 

Even though the value of cryptocurrency might still be not that high today, the market witnessed many blockchain applications have been developed, and others are yet to show up.

This resulted in creating competence between developers, and therefore, resulted in increasing the demand on blockchain engineers, which consequently boosted the wages the latters get.

According to global statistics CNBC has recently obtained, blockchain engineers make somewhere between $150,000 and $175,000 on average.

The statistics were made by Hired- a San Francisco company that helps clients recruit tech candidates.

The number is higher than the $135,000 salaries wall typical software engineers earn on average, as per Hired’s data.

The company states that engineers with blockchain expertise get paid around the same salaries their peers from the artificial intelligence industry get, while the formers are still paid higher than any other majored engineering roles.

The Demand Is Increasing And Giant Companies Are Asking for Blockchain Skills

Demand has grown as large companies have begun to work on projects that make use of the technology. Some prominent companies that have job listings at the moment for blockchain engineers are: Facebook, Amazon, IBM and Microsoft, among others.

Since it added blockchain as a sub-role to its service by the end the last year, Hired has observed that jobs postings for blockchain skills have risen by 400%.

“There’s a ton of demand for blockchain… Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.”, Mehul Patel- CEO of Hired, stated.

Dustin Welden, who was hired by Seattle-based Globys, says “When my title became Principal Blockchain Engineer, it became relentless, and I get interview requests every day on LinkedIn now.”

The statistics show that these types of jobs tend to carry titles such as back-end engineer, systems engineer or solutions architect, with listing “blockchain” as a preferred skill for the job.

Some of the skills engineers who want to specialize in blockchain need to have are: networking, database design and cryptography computing skills.

Blockchain engineers code in a variant programming languages such as Java, JavaScript, C++, Go, Solidity and Python, to mention a few. 

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