Blockchain Job Searches Plummets 53% in Past Year: Research

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Blockchain Job Searches Plummets 53% in Past Year: Research

  • Blockchain jobs growth vs Bitcoin’s price growth
  • Leading jobs and companies in blockchain-related jobs

According to data sourced from Indeed.com, blockchain-related jobs have seen a spike of over 1400% in the past four years aligning with the exponential growth experienced in the price of Bitcoin. Traditional companies lead the way in job openings for blockchain companies despite recent regulatory challenges in the industry.

Bitcoin growth spurs job growth in the industry

The pioneer cryptocurrency has seen its price shoot up by 230% to close in on $13,000 USD during 2019 causing a new rush by companies to invest in blockchain technology and talent. According to data from job market website Indeed.com, the share of blockchain jobs has spiked by 1,457% per million people in the past four years, dating back to September 2015.

job
Source: Be seen

However, the demand for these jobs is growing slower than the openings available witnessing a 470% increase in the same period. Since hitting a peak of 220 jobs per million people in late 2017 – during the bull run – the number of searches for jobs in the industry has decreased significantly. Over the past year, the number of job postings in the industry has increased by 26% while the number of searches for blockchain jobs decreased by 53% in the same period.

Source: Be Seen

Traditional firms lead the way in hiring blockchain specialists

Traditional finance, technology, and accounting firms have the largest share of blockchain job postings on Indeed.com leading nascent blockchain companies. In a quick blockchain search on the job market site, Cisco Systems leads the charge with 340 job listings, more than the next two companies combined (IBM with 196 openings and Collins Aerospace with 131 blockchain job listings). Two big four accounting firms, Deloitte and Ernst & Young (EY) also made the top 10 positions.

The number of job openings across the native blockchain companies lags behind the traditional industries with only three companies making it to the top 10 – Coinbase Inc. (70), Ripple Inc. (54) and Gemini Trust (42). Circle, Kraken, and ConsenSys also ranked among the top 20 companies actively seeking talent in the field.

Software skills dominate the listings with the salary packages more than other openings in the field. Senior software engineers, software architects, full-stack developers, and front end developers are the most searched for talent according to the data.

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Blockchain Job Searches Plummets 53% in Past Year: Research
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Blockchain Job Searches Plummets 53% in Past Year: Research
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Blockchain jobs growth vs Bitcoin’s price growth Leading jobs and companies in blockchain related jobs
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Author: Lujan Odera

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

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Lujan Odera 90 Articles

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

Follow Lujan @