Blockchain Emerges as An Important Employer of Labor

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Blockchain Emerges as An Important Employer of Labor
The significant growth in blockchain adoption over the years has led to a steady recruitment drive across the industry especially in Asia. Photo Credit: bitcoinmagazine

Despite the constant upheavals in crypto space, the blockchain industry has emerged as an important employer of labor due to growing activity in the sector.

According to CNBC, the significant growth in blockchain adoption over the years has led to a steady recruitment drive in the industry especially in Asia.

Available data on popular job search engine Indeed from 4 Asian countries (Australia, India, Singapore and Malaysia) show an uptick in the number of opening available for blockchain and crypto experts.

Recruitment firm Robert Walters also reports that the number of roles related to blockchain or cryptocurrencies have increased by 50 percent since 2017, noting that developers skilled in Python language programming were the most coveted applicants.

A spokeswoman for Indeed explained that while the blockchain job industry has seen a sustained recruitment drive across Asia, recruitments in the crypto space are affected by the rise and fall of prices.

“The situation in Asia seems to mirror the U.S. in that Bitcoin [job search] trends are much more volatile (and related to price volatility) and resulting media coverage while blockchain and cryptocurrency searches have seen a more consistent upwards trajectory.”

Experts also point out that the decision by China, (a major player in the Asian market) to ban bitcoin trading while encouraging blockchain adoption may have also contributed in no small way to the prevailing trend.

In a related development, Price Waterhouse Coopers (PWC) the UK based multinational professional services network has announced that it will train a 1000 of its employees in a 2-year program designed to expand their knowledge about blockchain technology.