Blockchain Developer Space Has Been Bucking the Bearish Trend, Survey Shows

Colin Muller
  • The median salary for blockchain developers is of about $140,000 per year.
  • The average salary is reportedly rising by $4,000 a year. In 2018, there was an over 300% growth in blockchain jobs.

In a countertrend to the crypto bear market of 2018, blockchain developers working at the enterprise level are some of the highest paid among IT workers - and salaries are still growing. According to some estimates gathered in a recent Computerworld article, salaries for blockchain engineers now range between $150,000-175,000 per year. Another estimate, from a Janco Associates report, puts the low end at a still-healthy $132,000 per year.

Both of these estimates are far above the estimated average salary of IT professionals in general, a comparably paltry $93,000 per year. Some reports say that 10,000 blockchain developer jobs remain unfilled in the US alone, according to Computerworld.

Janco also report that “Attrition rates [among IT professionals] are the highest they have been in the last several years.” In line with this, salaries in the enterprise blockchain space have been “soaring,” increasing on average by $4,000 in the past six months. Analytics firm Burning Glass Technologies found a 316% growth in the amount of blockchain IT jobs in 2018 versus 2017.

But not everything is roses. The Janco report cites a number of factors that could be a damper on the lately exuberant IT industry. The falling share prices of tech giants like Apple, Google, and Facebook are cause for concern - Apple’s stock price has fallen 39% since all time highs were reached in October - as is the unresolved trade conflict between the US and China.

apple.png(source: TradingView.com)

Blockchain Training

CryptoGlobe reported in September on universities’ efforts to respond to growing interest in blockchain education. A professor at the prestigious New York University noted that his blockchain class doubled in size in a single year.

Also recently reported was Bank Frick’s partnership with the University of Liechtenstein to produce several programs and courses on blockchain fintech.

97% of South Korean Crypto Exchanges Reportedly Threatened by Bankruptcy

Oli Weiss

A recent survey carried out by Business Korea has discovered that South Korea’s once thriving crypto economy has taken a dramatic down-turn, with up to 97% of South Korean crypto exchanges threatened by bankruptcy.

According to the report produced by one of Korea’s most well-known business and finance journals, only five or six of the country’s crypto exchanges rank in the top 100 globally, and therefore many fail the generate the turnover or see comparable transaction volumes to the larger globally accessed exchanges.

The fact that so many exchanges are struggling is starting to have a negative effect on the crypto start-up scene in Korea, with new Korean crypto innovators increasingly seeking to list abroad.

Just a few years ago, Korea led the way with dynamic projects in both ICOs and blockchain-applications including Futurepia, which last year won 1st place in Switzerland’s prestigious ‘Blockchain Leadership Summit’.

Recently there have been several examples of South Korean crypto starts-up choosing to list of foreign exchanges, especially those based in Singapore. Earlier this year Korean developed BOScoin, for example, opted to list on Bitholic, which is based in Singapore.