During the first quarter of 2018, the demand for blockchain jobs spiked by about 6,000 percent on Upwork.com. The site is a popular place for posting and finding digital work. As the world’s largest freelance site, Upwork publishes statistics and reports every quarter. There are about 5,000 different skills listed on the site, and the blockchain development category is growing the fastest in size. In a recent blog post, an Upwork team member wrote about the past three quarters in relation to the growing blockchain trend and said that growth exceeded 2,000 percent during that time.
Why Blockchain Development Is Such A Hot Topic
When most people hear the word blockchain, they think of cryptocurrencies. Although the digital ledger backs these currencies, it is useful in other security applications as well. Since the start of 2018, many new regulations were announced. The new regulations are contributing to the heightened demand for blockchain developers, and the demand is especially high in some parts of the world such as the United States, South Korea, Russia, Japan and China. These countries are leaders in technology and are working to improve security every day. According to a recent survey by ING, cryptocurrency adoption is expected to double in the coming year. In the last part of 2017 and through early 2018, cryptocurrency exchanges were overloaded.
Today, there are many projects that are either under development or emerging to disrupt various industries. The purpose of disruption is to make companies more transparent and to decentralize them. With the large number of major security breaches that took place during the past several years, consumers welcome these disruptions and recognize them as improvements. Blockchain is a valuable component in digital security, and it has the potential to revolutionize nearly any industry’s online operations. From health care to social media, there are information security concerns in every aspect of life. Although the need for better security grows as hackers become more sophisticated, the current population of blockchain developers cannot complete every available project.
Finding Blockchain Engineers
Blockchain developers are expensive to hire and hard to find. In many cases, the best engineers are working on their own projects. Some of them are entrepreneurs who want to start their own digital currencies. Others are working on projects that they are passionate about, and this means that corporations do not have easy access to the best talent. Many companies wind up hiring developers who have limited skills. According to Upwork’s recent statistics, the jobs that are the most popular are related to augmented reality, machine learning, chatbot development and angular development. Additionally, art direction, subtitling and content strategy are all skills that are in high demand.
There is a growing need for programmers with knowledge of specific cryptocurrencies and ledger development. One of the reasons why there is a lack of developers is because blockchain education is new. Several universities just added blockchain modules to their course offerings during the past few years. Also, education has been stalled because critics have been questioning the knowledge and skills of the lecturers. They claim that the educators lack the proper knowledge to teach such a complex technology. With these combined issues, blockchain developers will be rare for the next several years in comparison with the number of proposed projects. Professors will be even rarer than developers. Some experts predict that blockchain security will grow slower because of these problems.
A good blockchain developer will not have to worry about unemployment for the next several years. This is especially true for engineers who are familiar with Solidify or with a special ledger framework that makes blockchain applications simpler to implement. Many of the available positions with large companies are permanent, and the long-term requests of employers show that blockchain technology is here to stay. The salaries for blockchain engineers are attractive and often vary between $75,000 and $150,000 per year. Experts who can create special ecosystems for peer-to-peer networks are likely to be the highest-paid engineers.
Many of the available job listings also specify that engineers should be able to work independently or with limited supervision. Government agencies are looking for blockchain developers to help with federal security issues, research and expansion. Companies and government agencies that are hiring blockchain developers are proactively trying to stay ahead of society’s technological needs. While Silicon Valley has always been a major hub for technology companies, experts say that New York will be the leading city for blockchain development companies. Engineers who live in the area are more likely to find a wider array of jobs in multiple industries. However, some of the freelance positions are remote.
What Is Upwork?
Upwork is one of the many Silicon Valley success stories. It started over 10 years ago when a tech expert in the area realized that a friend of his in Greece would be the ideal candidate for a project. However, it was challenging to work with someone in another part of the world. The challenge created a great entrepreneurial opportunity, and it led to the start of a new internet-based platform for remote jobs. In a short time, the site became successful and attracted many companies and a lot of talent. The site transformed freelance work forever by providing a centralized place for companies and freelancers to connect.
Today, Upwork freelancers earn more than $1 billion every year on the site. It provides companies with access to more than 3,500 specialized skills. There are millions of jobs posted every year, and businesses are getting more work done because of how easy it is to find qualified talent. From SEO and social media marketing to mobile app development and administrative work, there are jobs for nearly every specialty across multiple industries. Upwork’s platform is also designed to be affordable for all budgets. It makes contracting and paying much easier for both freelancers and companies that are seeking professional skills.