Although cryptocurrency traders and exchanges in India may be confused about their next course of action, job posting in this field are yet to take a hit.
According to a Linked report, almost 1 in 10 jobs related to the blockchain industry were posted from India. This only goes to show that, those in power are not entirely not correct in their fears regarding cryptocurrencies. The virtual currencies are only one aspect of the blockchain industry.
The percentage of blockchain-related jobs in India grew from 1% in 2015 to about 7% in the following year and touched nearly 8% in 2017. Other recruiting websites noticed this trend too. According to Indeed, a recruiting website based in India, in the six months upto November 2017, the number of cryptocurrency and blockchain jobs posted on the Indeed website rose by 290 percent.
In the same period, job searches with keywords related to cryptocurrency/blockchain also rose by 52 percent. On that occasion, Indeed India’s managing director Sashi Kumar said, “While blockchain development promises to be an exciting new field of work and offers tremendous scope for application, the sector is still in a very nascent stage. However, the market, globally for blockchain related products and services is expected to reach $7.7 billion in 2022, which is indicative of even more jobs being created in the sector in the future.”
The job titles that list among the top five favourites include Blockchain Developer, Blockchain Consultant, Blockchain System Architect, Blockchain Software Engineer and, PR Content Writer for Cryptocurrency.
Another recruitment website Randstad found that there was a 50% rise in demand for blockchain experts in 2017 as compared to 2016.
Paul Dupuis, MD and CEO of Randstad India, said, “The core skills expected of candidates aspiring to make a career in blockchain include proficiency in open source programming languages like Core Java and Python and a working understanding of algorithms, data structures and other aspects that aid in smart contracts (a self-executing contract that is the main use for blockchain technology).”
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