The demand for blockchain skills has increased following over 1000 LinkedIn job posts in just the last week for related jobs.
Businesses are increasingly on the lookout for staff with skills related to blockchain technologies.
According to Financial Times, data from LinkedIn shows that there were over 1000 job posts related to blockchain just last week. This has increased by over 40 percent each yearly quarter.
It has also been found that nearly 10,000 LinkedIn users list blockchain as a skill on their profiles, with half of them from the technology industry and a quarter in the financial services sector.
Although blockchain is not listed as one of LinkedIn’s official skills, many users cite it as a custom skill and the site now considers adding it to one of its tracked skills, according to Financial Times.
This is effective for recruiters and LinkedIn users as thousands of blockchain start-ups are increasingly being created, which was supported by KPMGs Venture Pulse Q1 2017 report that found UK start-ups in financial services; life sciences and BioTech attract investment in Q1.
This means companies in sectors like financial services and retail are also looking into the benefits of blockchain technology.
The demand for more staff with blockchain skills in understandable given the amount of attention the technology is getting from tech firms, businesses and banks. For instance, IBM has been using blockchain with the launch of its enterprise-ready service.
In an interview with Financial Times, Josh Graff, UK country manager at LinkedIn said: “Professionals in related areas such as cryptography and machine learning may want to look at the roles available and the skills they need to develop, as there is certainly a growing demand within the technology, finance and insurance industries for blockchain expertise.”
Innovations such as machine learning and blockchain technology were forecasted in a recent report by F5 Networks as applications that will rise to change our future.
This is already evident through the growth of blockchain technology, which has developed more interest over the past few weeks following the addition of virtual tokens by companies to raise money using an initial coin offering compared to selling shares.
Jerry Cuomo, VP of blockchain technologies, IBM said: “Is there a talent bubble? Yes. We haven’t even seen it yet. There is an entirely new way for businesses to interact- it is awesome and as this takes root it will be revolutionary.”
LinkedIn data shows that majority of LinkedIn users that have listed blockchain as a skill are from the US, UK, France, India, Germany and the Netherlands.