The headline of a recent Computerworld article proclaimed, “Blockchain developer salaries now command as much as $175K.” Not a bad figure for expertise in a technology that’s barely over a decade old, particularly when you consider that applications for blockchain in industries other than cryptocurrency are relatively new.
Because blockchain has the potential to transform so many aspects of our lives, this is a career path with staying power. Mehul Patel, CEO of recruitment firm Hired, was quoted in the article: “Combine its immense potential with the fact that it’s a new and growing field, and I can see the demand for these roles remaining high for the foreseeable future.”
So which areas and industries are primed to realize the benefits of this incoming blockchain talent?
Well, predictive analytics for one. Take a look at this Towards Data Science article, which argues that blockchain technology can help organizations overcome many traditional barriers and make predictive analytics more accessible. The author states, “By crunching massive amounts of data, patterns emerge. If we shift this effort from a centralized situation to a decentralized approach offered by blockchain, more companies can jump on the bandwagon and take advantage.”
The Global Blockchain Business Council was established to help organizations do exactly that. Recently its chairman, Tomicah Tillemann, worked with the US state of West Virginia on a blockchain-secured mobile voting app for the general election, used by over 140 voters in 30 different countries to cast their ballots anonymously. Speaking of the effort, Tillemann called it “an indication of what’s going to be possible with this technology.”
This sentiment was echoed by the recruitment experts interviewed in the Computerworld article, who also stressed the “death of talent” to fill blockchain positions. However, with numerous universities now offering blockchain courses — and the emergence of blockchain-specific training programs — it seems that the tide may be turning.
Futurist Bernard Marr wrote in a recent Forbes column, “It’s been an impressive decade of transformation for blockchain technology and it will be intriguing to see where the next decade takes us.” If the salary projections from the Computerworld article are any indication, IT pros can certainly expect to reap dividends by honing their blockchain skills.