Online job searches for blockchain, bitcoin (BTC), and cryptocurrency-related roles have reportedly decreased. Data from Indeed.com shows that people seem less interested in crypto-related work as searches for such jobs have dropped by 3.06% during the time period from October 2017 to October 2018.
While job seekers may not appear to be looking for blockchain-related work as much as they were previously, there seem to be many more companies in need of distributed ledger technology (DLT) developers.
Fewer Professionals Looking For Crypto-Related Jobs
In fact, the number of job listings for cryptocurrency and blockchain specialists increased by 25.49% between October 2017 and October 2018.
From October 2016 to October 2017, the level of job seeker interest in crypto jobs increased by 481.61% and employer interest increased by 325% (on Indeed.com).
Raj Mukherjee, the senior vice president (SVP) at Indeed, told Coindesk:
While over the last few years Indeed saw a steady rise in job seeker interest for roles related to cryptocurrency, our data shows that job searches for these roles really picked up around the time when the cost of bitcoin was at its highest. Since then job seeker interest has gone down, but still remains strong.
Blockchain Developers Offered Over $80,000 Per Year
Glassdoor, another major job website, reported last month that there was a 300% increase on its platform in job listings in the US for blockchain-related work.
The median salary for blockchain-focused jobs also increased by 61.8% to $84,884 per annum, Glassdoor’s data revealed. It seems that there may still be actually more people looking for blockchain-related jobs than data on Glassdoor and Indeed.com suggests.
As CryptoGlobe reported in early September, both the supply and demand for blockchain-related work had increased considerably.
Not Enough Qualified Professionals
According to recruiting firm Robert Walter, there was a 50% increase in the number of blockchain and crypto-related job postings in Asia since 2017.
The high interest, however, does not mean that there are just as many qualified blockchain professionals. Julian Hosp, the co-founder of TenX, a cryptocurrency payments solutions provider, said it was quite challenging to find people who are highly skilled in developing blockchain-based software.
He also revealed that his company has to usually recruit professionals working outside the crypto industry - as the people inside the crypto space do not have enough experience.