According to Upwork’s latest quarterly skills index, blockchain is the fastest growing skill in the US during the second quarter. Blockchain claimed this position by beating over 5,000 other skills that were listed on the world’s largest freelancing platforms in the world.
This goes to show that more and more companies are interested in integrating blockchain technology in their systems. Go, a programming language developed by Google was also listed in the top 20 list. Go can be used to create blockchain applications. This also shows the increasing importance/relevance of the distributed ledger technology around the world.
This is not the first time blockchain has taken the throne. In fact, this was the second quarter in a row when blockchain emerged as one of the fastest growing skills in the US freelance job market. Blockchain related skills have seen a quadruple-digit growth since Q1 2018.
Some of these freelance jobs include distributed system engineers and developers in various languages and frameworks such as Solidity (a contract-oriented programming language for writing Ethereum smart contracts) and Node.js.
Other jobs include Telegram community managers, developers proficient in C++ for coding the bitcoin core, and white paper writers.
The Entire Industry is Bullish?
Upwork Skills Index does suggest that the entire industry in bullish and thanks to that, there has been a lot of interest from the investors in the blockchain sector compared to last year. The United States sits at the top of the list of countries that have shown increased interest in blockchain technology.
“Blockchain continued to draw a significant amount of attention from investors in Q1 and Q2’18, although investments typically focused on more experienced companies and consortia looking to btain additional rounds of funding rather than on new market entrants… The US was particularly active on the blockchain front, with total investment in the first half of the year already exceeding the total seen in 2017.”
But the demand for blockchain talent is not just seen on Upwork. There is a worldwide increase in demand for these skills. And as we reported earlier on Coin Digital, it is possible that India might have the talent to supply these demands. According to a poll held by Incrypt, an Indian blockchain community, more than 80% of the software developers in the country are interested in moving.
That is mainly due to the fact that India lacks crypto regulations and frameworks. This means that Indian professionals would be moving to countries like Singapore, Dubai, Estonia or Switzerland.
As of right now, there are at least two million software developers in the country. But only 0.25% of them, or roughly 5,000 of them have the necessary skills to qualify as a blockchain developer. And that number is likely to keep on increasing. If that is true, we might be seeing an influx of Indian developers competing with the Western blockchain developers for the same jobs.