Why finding blockchain talent is hard, and what to do about it

The blockchain is one of the hottest technology trends in the market today. However, finding the right talent who have the prerequisite skills using new tools and technology is a difficult task. What kind of skills should companies be looking for and how they can find the right talent?


Demand for blockchain talent is high

There’s no shortage of excitement or activity in the area of blockchains and distributed ledger technology (DLT). In an IDG Connect survey of 516 European IT professionals across multiple industries including finance, health, and retail, 38% said blockchain would have an ‘extremely big effect’ on them as a professional. Other studies suggest areas such as supply chain management and energy expect blockchain-like technologies to have a major impact on their operations.

Major companies including IBM, Microsoft, and Baidu offer blockchain-as-a-service, while organizations such as Maersk, Samsung, British Airways, and FedEx are trialing ways to utilize blockchain technologies in their processes.

In addition to the large incumbents looking to offer blockchain services, there are at least 115 blockchain-related startups employing more than 2,000 people in the ecosystem, according to EY,  mainly based in the US (47%) and Europe (28%). The report estimated that once you include the large organizations also building large teams, the total number of workers in the space is likely “in the range of several thousand.”

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Dan Swinhoe

Dan is a journalist at CSO Online. Previously he was Senior Staff Writer at IDG Connect.

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