Despite the cryptocurrency and blockchain industry being nascent, it is rapidly growing in all terms, including job opportunities. For now, it has employed thousands of people, with the number of vacancies and specializations expected to increase.
Currently, most specialists and employers search for each other using social media, LinkedIn, freelance platforms and other job-related websites. However, to make the search more rapid and convenient, specialised websites for cryptocurrency and distributed ledger technology (DLT) industry should be launched. These sites will easily and quickly connect job seekers to employers hence simplifying the recruitment process.
There have already been some attempts in this direction. For instance, PompCryptoJobs, a website which links job seekers with cryptocurrency and DLT companies. The platform has so far been backed by many giants in the sector including Gemini, Coinbase and BlockFi. There are also numerous other platforms like Crypto Jobs, Crypto Jobs List etc. They were created to enhance interaction within the community. Also, more websites are expected to be launched in the future as the demand for jobs is constantly increasing.
Some countries including China have already recognized blockchain jobs as legal, which will also contribute to the growth of employment opportunities in the field. Some of the jobs in the blockchain space include Decentralized Finance (DeFi) smart contract developer, blockchain engineer, solidity engineer, DLT security engineer, web developer, software engineer, blockchain & crypto content writer, crypto developers, and many others.
As for the beginning of February 2021, there are around 2000 jobs and over 31000 specialists in the database of Crypto Jobs List employment website. It is worth assuming that the general number is much higher because there are other crypto jobs aggregators, as well as independent freelance platforms.
Companies working in areas of ‘professional and business services’ including blockchain and cryptocurrency-related businesses, in the US managed to collect over 12.8% of the country’s total Gross Domestic Product (GDP), and this is one of the most fecund and high-yielding segments of industries in the country's economy.
The Educational services, health care and social assistance sector also managed to generate about 8.8% to the total GDP. Blockchain is being used in healthcare systems to fight Covid-19 pandemic, being taught by lecturers and studied worldwide in different academic institutions. All these are jobs being created by this nascent innovation.
Blockchain, the underlying tech behind Bitcoin (BTC) is just a decade old but the continuous growth of DLT and crypto industry has caused a significant growth in jobs and opportunities than some of the traditional industries such as construction, programming, digital and engineering.
So this means that if more people are encouraged to work in the blockchain, BTC and cryptocurrency industry a lot of revenue can be generated hence boosting people's incomes, their standards of living will improve and their respective economies will eventually grow.