Reports from CNBC show that despite the crypto market being bear, Blockchain and cryptocurrency jobs are growing in Asia. Robert Walters, a recruitment firm told CNBC that they have seen a 50% increase of roles related to blockchain or cryptocurrencies in Asia alone since 2017. The recruitment firm adds that employees with knowledge and are experienced in Python language skills are the most highly sought after in this industry.
Also, a noticeably growing number of blockchain jobs are being posted on LinkedIn by leading tech corporations and cryptocurrency exchanges like IBM and Binance. CNBC points out that the demand for blockchain professionals, in conjunction with the relative youth of blockchain industry, is leading professionals from traditional backgrounds to enter into the space from other.
“We hardly ever hire from inside of crypto because most people inside of crypto are very inexperienced. You have very, very few people who are experienced who get into the crypto industry,” said Julian Hosp, co-founder of Singapore-based crypto wallet and card start-up TenX.
Job search engine Indeed reports that an increasing number of would-be employees are expressing high levels of interest in blockchain roles, particularly in Asian markets. However, John Mullally, director of financial services at Robert Walters in Hong Kong says, “Not many people have the actual skill sets required for developer roles.”
Julian Hosp argues that much of the interest in employees seeking crypto and blockchain jobs depends on price trends in the market.
“If crypto is doing well, if people are making money in crypto, we get huge inbound from people because they feel like, ‘I need to jump on this wave,’” Hosp told CNBC.
“And then when you see crypto going down — and we saw this at the very beginning [of this year] and we’re seeing this right now — then we see that immediately the demand of people, they’re like, ‘Oh no, this is a dying industry, I shouldn’t go in there.’ So it’s completely emotional,” he said.
However, data from Indeed has shown a consistent upward trend for blockchain jobs and searches on its platform since 2016. Even though the number of available jobs has gone down since the crypto crash in January, the number of searches for blockchain positions has stayed steady through the bear market.