Blockchain may have begun in finance to support cryptocurrencies, but now the technology and the solutions it can provide are being explored by industries from healthcare to insurance to manufacturing and more. Here we’ll spotlight how to create a career in blockchain and what jobs are available there.
Career opportunities in blockchain niche
Positions in the highest demand are associated with:
- app development
- big data
- distributed/mobile system
- project management
- quality control
Blockchain development is the hottest skill in the freelance job market today, growing every year and putting it on pace to be the new “cloud” of the 21st Century, according to a report published by UpWork a few years ago. The average rate of pay for a freelancer is $50 an hour but rates can be as high as $250 per hour, according to Upwork.
The following chart shows the breakdown of the jobs in this space. Now keep in mind that the chart shows the requirement specified in the Angel list, but we feel that it gives a fair breakdown of the requirement in general.
This is a great starter position in blockchain for anyone who wants to get in and learn. Many companies offer paid intern level jobs, especially on the West Coast. You may have to work on designing solutions for private distributed ledger, implementing software solutions for blockchain and Linux, pilot solutions for ledger technologies, and developing use cases and proof of concept. Some things you might need to know are NodeJS, Go RESTful, APIs, Java, C++, and so on.
Software Engineer (Developer)
Blockchain developers who have the expertise to help companies develop their platforms are in high demand. This type of development might offer the most robust career path at the moment because until solutions are developed, all the benefits of distributed ledger can’t be realized. This is a highly technical position that requires tremendous attention to detail as well as certain technical skills.
The Solution Architect has the responsibility of designing, assigning, and connecting Blockchain solution components with the team experts such as developers, network administrators, UX designers, and IT Operations to develop complete distributed ledger solutions.
A project manager has the responsibility to connect the dots from an organization’s specific business cases for blockchain technology to experts (internal or external) who will develop the complete solution.
This expert needs to have the traditional expertise of a project manager working in any industry plus the technological know-how to make sense of blockchain and communicate to non-technical people in the organization to provide effective updates and get resourcing.
Now that blockchain is expanding to a variety of industries and being used not just by computer scientists but also by people who want to capitalize on its efficiencies, cost-savings, and more. That’s why the UX and UI of the solutions are becoming more important.
Web designers consider how to create a positive user experience that will appeal to an everyday user while also reflecting the very attributes that make blockchain special—no middlemen, frictionless experience, and more.
If you have a developer to create an application, then you also need a Quality Assurance Engineer to test this piece of software to be sure that it works smoothly. The specialty of blockchain quality engineers is manual testing as well as automation testing. They guide the test strategy for ] development and create and maintain QA test standards.
Blockchain Technical Recruiter
If you think an ordinary HR can manage this career opportunity in blockchain, then you are wrong. Even if it’s an HR position, you’ll have to have a thorough knowledge of the technology itself.
Without that, you can’t possibly identify the right candidates. That’s why companies are also looking for a knowledgeable recruiter.
Blockchain Data Scientist
As blockchain is a ledger system, it can contain an enormous amount of data. Basically, this role in the blockchain career path will require the person to analyze, collect, manage, and interpret the vast amount of transactional data.
Obviously, these data would come from the public platform, not private or federated platforms. More so, these data will help set up statistics based on their transactional habits. For this, you’ll need a master’s degree in computer and data science.
Not all the positions in the blockchain space, however, need technical expertise. Let’s look at some of the non-technical positions in this field:
Attorney or Legal Consultant
Companies are increasingly looking for legal expertise on what they need to consider as they launch blockchain technologies with implications for how business and finance are handled, transactions are tracked and confirmed, as well as how identity is managed.
Although it’s impossible to predict how it will all shake out, those with the right expertise will likely be in high demand for many years to come.
Consultancy and Expertise
Consultancy or expertise jobs will be ruling the job boards soon. People need proper advice from those who really get the inside and out of the blockchain and doing business this way. Consider getting some advanced education and doing deeper dive into this subject to get these jobs.
Other Connected Roles
- Public Relations
- Crypto journalists/writers
- Crypto brokers
- ICO advisors
How to build a career in blockchain?
How to build a career in blockchain?
For decades, high school students had a beaten path to follow: do well enough in high school to attend a college, earn a degree in a desirable field, and attain a high-paying job. A college degree was thought to serve as a promise for a well-paying, stable job.
However, as the labor market tightens, and companies struggle to locate candidates with a bachelor’s degree, there is a growing consensus that a candidate’s skills are more important than his or her formal education. And Bachelor degree owners end up working at Starbucks.
Hiring managers are looking for people who are continually developing their skills and staying up to date with the industry’s advancement.
Here are the steps that you can take to start developing your career without having to sign up for a traditional university program or attend an expensive seminar.
Knowledge of the Blockchain Technology
Since you are about to get into the blockchain space, you must have the basic knowledge of this technology. People involved in business and marketing must have enough knowledge to troubleshoot problems and speak confidently about the technology.
If you are involved in any form of customer support, then you need to know how the technology works.
Features like decentralization, smart contracts, and Dapps are more than just buzzwords. They are the essence of the distributed ledger, and any successful professional will intimately understand them.
In this case, a level of formal education can be helpful, but that doesn’t mean aspiring blockchain developers need to enroll at a university. Instead, online education platforms offer comprehensive courses as well.
Understand How Different Blockchain Platform Works
This step is for both technical and non-technical job positions. From a technical point of view, you need to understand precisely how multiple platforms work. As not all of them work the same way.
In marketing or law enforcement, you’ll have to fully grasp the concept to present the solution to potential clients. More so, you definitely don’t want to contradict with regulations of a country. Platforms such as Corda, Hyperledger, and Ethereum are something you should focus on.
Decentralized and Distributed Ledgers
Blockchain is one kind of Distributed ledger. In reality, there are other distributed ledgers that aren’t necessarily blockchain.
You need to be an expert when it comes to dissecting popular decentralized platforms. This step is fairly technical and required for those who decide to be a developer. For that, you can join a programming course or get a degree from well-known institutions to sharpen your skills.
Resources are now available online thereby making cryptography less important. Blockchain is highly known for its capability to provide protection and save these resources and it depends on cryptography. Failing to understand cryptography will have dangerous consequences for those companies who rely on it. Therefore, it is really important to have proper training in this field.
Learn Enterprise Business Processes
These skills are absolutely necessary as they will help you strategize when creating a roadmap with blockchain in the mix.
In reality, a higher understating of logistics, procurement, distribution, treasury operations, and many more are a must. It will ensure that you can peruse the potential clients of your company better by speaking like a business spokesman. Also, these are high in demand right now, so it can be a plus point in your blockchain career path.
Join a Blockchain Community
Joining a blockchain community is an optional step for you. But it does come with lots of benefits. With all this hype, many communities started to form in order to help people learn about technology. More so, these communities even have high-end programming skilled persons from whom you can learn about it.
So, they can help you with your leadership skills, event organizations, application development, and so on. Furthermore, it can also be a great opportunity for networking with people in the niche. You don’t need extra money to join a community; rather, everything is open-source for you to use.
It is also a popular way to find a job in this sphere.
Is there a demand for blockchain specialists in 2020?
It seems that the demand for cryptocurrency jobs is directly related to the market cap as well since those seemed to have gone down as well, according to this article by Quartz.
However, the demand for blockchain jobs is as high as it has ever been. And there are still multiple opportunities waiting for you.
Who is hiring?
That’s a good question. As there are tons of jobs available in different parts of the world as well as remote positions.
There are general and dedicated job boards that post new job openings every day. Since I live in Canada, I’m gonna share some of our local posts. But you can always find similar ones in the US and Europe as well. Or even apply for any of them, as many companies now hire remote employees:
5 reasons to build a career in blockchain
As you now understand, it is not easy to join the crypto community. And the main reason is that you need to understand this new technology. And it requires lots of time to learn all the basics as well as to be up-to-date with all the flows and information.
And what are the reasons to dive into the crypto world and find a job there?
Since this is such a young field and the talent available is pretty limited, the salaries offered throughout both technical and non-technical fields are 10-20% higher than the salaries offered in other jobs.
All of the salaries of the job surrounding this technology has a range of $50k-$130k. That’s a lot of money, even if you are not a developer or engineer.
All of the job positions are incredibly exclusive. It means that you can start your career from a very top spot in a company. And obviously, a top position in a company would mean you’ll get extra benefits as well.
More so, all job positions will increase your social status significantly as well. Vacation days, unique treatments, authority, bonus payments are just a few of the benefits that you can hope for.
Remote jobs are on the rise and more and more people don’t want to commute to the “office” and opting for location flexibility. This is another area where crypto companies outdo their legacy peers.
Plus, remember that crypto companies are far more likely to give you the “work from home” option and require you to come to work only on specific days.
There are fewer people skilled in this technology. Why? Well, basically, the technology is new, and people are still figuring out how it works. More so, the technology seems rather sophisticated. This discourages people from taking a risk and study in this sector.
If you can understand how the technology works, it would be fruitful for you. So, if you have a better chance to secure a career in blockchain technology.
This is a perk that is limited to token companies. Usually, at a startup, employees receive equity and have to wait for a liquidity event to sell shares and get Fiat currency. This may itself be a very complex process and in many scenarios, grants given by companies are very restrictive which blocks secondary transactions.
In blockchain companies, employees usually get tokens which acts as an equity-like compensation. These tokens, unlike shares, are inherently liquid, even though some of them may still have restrictions on them.
Blockchain is now a big industry and it’s only going to grow. Consider some careers in this field if you are interested in technology and look for good positions. Hopefully, these tips will help you.