Statistics from leading job search platforms indicate that the demand for cryptocurrency and blockchain specialists in Hong Kong and Russia remains strong. Most employers offering these vacancies are either IT companies or banks. The competition for crypto expertise is getting tougher, as the country is preparing to finally regulate the Fintech sector.
Job seekers worldwide with aaptitudeandexperiencein blockchain technologyare going to befavored inHong Kongas part ofthe country’sdistinctiveimmigration policy seekingto attract skilledprofessionals.
This week, themetropolisgovernment revealedits first-ever ‘Talent Listto attractskilled people’ fromacross theglobe with the aim for country’s economic development including different profession like Innovation and technology experts” in blockchain technology, Artificial IntelligenceAI,data engineering, robotics, biometric and industrial/chemical engineering.
By all indications, the crypto labor market in Russia is experiencing growth. Several months ago, the RF Ministry of Labor and Social Protection received a request by representatives of the industry to officially introduce a “professional holiday” for specialists and experts working in the field. That hasn’t happened yet, but the department promised to look into the proposal.
Competition for qualified crypto and blockchain professionals has been increasing globally, too. Recently, the social network Linkedin announced that from the start of 2018 until mid-May 4,500 postings on the platform have contained any of the following keywords: blockchain, bitcoin, cryptocurrency. Linkedin said that’s 151 percent more than in the whole of 2017. In December, it reported more than 500 percent increase in the listing of skills pertinent to cryptocurrency.
The popular freelancing platform Upwork has also witnessed a spike in the job ads from the blockchain industry last year – a 2,625 percent increase when compared with 2016. According to the US-based platform Toptal, specializing in posting job opportunities for IT specialists, the demand for blockchain developers has jumped by 700 percent. Earlier this year, IBM announced it was hiring 1,800 IT experts, including specialists knowledgeable of blockchain.
Both vacancies and applicants for employment in the crypto sector have increased substantially in other corners of the world, as well. This is the case with India, where cryptocurrency and blockchain related job postings increased by 290 percent in the six months to November, 2017, as reported by the Indian branch of the global job site Indeed. During the same period, job searches containing crypto-related keywords rose by 52 percent.