Although the blockchain remains one of the best-paid technology sectors in which to work, there has been a substantial drop in demand for professionals for jobs in the blockchain sector.
Probably the reason for this is the recent downturn that has been pushing the market towards the lowest values of the year.
According to a representative of Indeed, an online recruitment platform, there are far fewer requests now for jobs in the blockchain sector:
“From October 2017 to October 2018, job seeker interest for roles related to bitcoin, blockchain, and cryptocurrency declined by 3.06%, while employer interest for roles related to the same terms only rose 25.49%. Which was very different than the interest levels from the year before by both parties. If you look at data from the year prior, October 2016 to October 2017, job seeker interest for roles related to bitcoin, blockchain, and cryptocurrency rose by 481.61%, while employer interest for roles related to the same terms rose 325%“.
In the chart, the Blue Line represents jobseekers in the blockchain sector while the Red Line is the demande by the employers to hire the relevant experts.
That said, as explained by the Indeed representative, the sector continues to grow.
In fact, from October 2017 to October 2018 the demand for professionals specialized in blockchain has increased by more than a quarter, even if the offer has dropped by more than 3%.
Such a deceleration is to be expected, given the unclear regulation and recent actions taken against companies in the sector. Not only the Securities and Exchanges Commission but also the Italian CONSOB are beginning to implement the necessary regulations.