Three ways to find experts on work with the blockchain: the experience of large start-ups
Giants of the IT industry, such as IBM, Mastercard, and JP Morgan Chase, are exploring the possibilities of using blockchain technology. The consulting companies, for example, Deloitte and Accenture, which in the last few years have actively manifested themselves in the field of the detachment turned out to be very popular.
There is a serious shortage of developers, as hundreds of new blockchain-startups are appearing all over the world. Workers in this area require a vast set of skills, including knowledge of application development, data protection, information system design, and other similar industries.
According to Jeremy Dreyn, director of PwC Fintech, “the main problem in the blockchain industry is the lack of talented specialists.” In autumn 2017, CoinTelegraph reported that over the past six months, the number of jobs in the cryptocurrency sector doubled. And according to the AngelList website, where working vacancies are located primarily for start-ups, said that since early 2016 the number of jobs connected with the blockchain has tripled. According to CryptoCoin News, the number of vacancies increased more than threefold only in November 2017.
Sharp growth provoked a shortage of specialists. Companies are struggling to meet this need, providing employees with the most basic knowledge. To fill the gaps in talented specialists, companies use the following methods for this.
By 2025, it is expected that revenue from blockchain-projects will grow from $ 2.5 billion to $ 19.9 billion. From now until 2025, companies have a chance to build their own teams of talented developers.
Some organizations, for example, IBM, create their own training centers to meet the needs of developers. By engaging a variety of technically competent and experienced professionals, IBM will begin to quickly train employees to develop future blockchain projects.
According to the company’s blog, “IBM offers personalized online training for employees who work with the blockchain, or for those who want to enter this industry.” IBM courses are supported by certificates with acquired skills. Trainees can specify a certificate in their resume or in the LinkedIn profile.
On a smaller scale, IOHK’s blockchain platform offered free summer internships to graduates of technical specialties in the hope of getting ready-to-work employees.
According to a PQC Digital IQ Survey of 2017, 36% of financial services executives said their organizations planned to invest significant funds in blockchain technology over the next three years.
Of course, many of the companies surveyed do not have such a large conglomerate structure as IBM, and about 86% of executives said they do not yet have the necessary skills to develop blockchain-based applications. Even smaller opportunities for small teams that have the necessary development experience. Therefore, companies give the development of blockchain projects to outsourcing agencies or freelancers, specializing in development.
Platforms for finding work Upwork and LinkedIn (on which the number of vacancies in the crypto-currency industry increased 4.6-fold from 2014 to 2017) show that the scope of blockchain and crypto-currencies is the most popular at the moment.
The decision to hire freelancers is not the cheapest option. “Hourly rates range from $ 50 to $ 200,” CNBC reports. However, on the other hand, the profit loss is much more than $ 200 per hour.
Juniper Research reports that 57% of large corporations are either actively considering or are already implementing blockchain. With so many open jobs and so many qualified applicants, companies can not wait until graduates can meet the full market demand. Employees are needed now, so the words about a new kind of “collar” – not “white” or “blue”, as before – sound more often. This class of jobs that do not require higher education, however, provides for a certain level of training.
This approach includes an interesting combination of obtaining a raditional education in college and educational cooperation. In September, the MSNBC report highlights the growth in the number of potential employees who are ready to receive training in the profession of a blockbuster developer.
Providing in a limited number of well-paid jobs, companies will be able to provide competition among professionals. An increasing number of higher education institutions offer courses in blockchain technology. Professor Stanford University, Dan Boneh, has collected more than one million signatures for creating a course on computer security and cryptography.
Blockchain developers need to have these skills. A recent ComputerWorld report showed that in some start-ups, developers on the blockchain will be able to earn up to $ 18,000. This information is not a secret, so soon the necessary courses will begin to appear in programs for students studying in the field of computer science.
Until then, companies will continue to fight for talented developers. Bitcoin and other crypto-currencies become more financially stable, and the opportunities and benefits of blockchain technology are also growing. A race is needed to find capable people who will be able to develop the most innovative technologies.