The Steady Uptick in Demand for Blockchain Engineers

Though interest in blockchain may be diminishing, the demand for skilled blockchain engineers remains strong.

Despite a decreasing interest in blockchain technology since 2022, it is evident that the technology has proven to be durable and will continue to be a relevant topic of discussion. This is reflected in the diverse set of stakeholders – from startups to corporations and governments – who are observing its progress closely. The number of active blockchain firms registered on AngelList, currently exceeding 3,000, and more than 2,000 job vacancies related to blockchain, is indicative of this trend.

Since blockchain technology is still a recent development, the labour market for proficient blockchain professionals is relatively small. According to Paysa, there are around 14 unoccupied positions for each blockchain engineer. To secure qualified candidates, companies must offer competitive salaries. The amount that blockchain engineers earn hinges on several factors, such as their experience, the organisation they work for, and their level of expertise. The average yearly pay for a blockchain engineer is estimated to be $96,545 by Paysa, with the top 10% earning up to $139,339. Additionally, recorded that the average annual compensation for blockchain engineers ranges from $158,668 in the San Francisco Bay Area to $141,835 in New York and £69,129 in London.

Works, an online marketplace that connects freelance engineers and designers, observed a significant increase in customer demand for blockchain developers on its platform during January and February 2022, following the launch of its blockchain on-demand talent network. In particular, the organisation noted a 700% rise in requests for these services.

The rising demand for blockchain engineers reflects a growing recognition of the significant role that blockchain technology is currently playing or will play in the future of information, asset management, and security. As the significance of delivering efficient outcomes for companies operating in the blockchain sphere continues to increase, the already substantial need for talented engineers in this domain is forecasted to continue to grow.

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