With blockchain technology poised to up-end virtually every industry on the planet, from global resource distribution to big finance, it’s safe to say that developers who are experts in blockchain tech are highly sought after.
In fact, according to the new U.S. Emerging Jobs Report from Microsoft-owned Linkedin, developers and engineers specializing in peer-to-peer distributed ledger platforms have surged by 330 percent this year, miles ahead of any other profession.
In a distant second, growing by over 120 percent this year, as the demand for machine learning engineers.
Like blockchain developers, A.I. engineers were wanted most in San Francisco and New York.
Linkedin’s study reveals similar findings to Hired, a tech-focused firm that helps clients recruit candidates, which noted that, despite falling crypto prices and a lower amount of bitcoin and cryptocurrency related gigs, blockchain jobs were soaring. And so were the salaries.
Unsurprisingly, the report named software engineering as the position with the most openings in U.S. markets. With over 80,000 positions available, knowing how to code can make someone very desirable in the job market.
So how much do these jobs pay?
According to the Hired report, blockchain jobs are now on par with A.I. engineers, reaching as high as $175,000, sometimes even higher. And compared to the average tech worker salary, even in San Francisco, which clocks in at around $142,000, demand is so high that the number is likely to continue rising.
Mehul Patel, CEO of Hired, explained, “There’s a ton of demand for blockchain,” adding “Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.”
Unsurprisingly, already-established tech giants such as Microsoft, Oracle, IBM, Visa, Mastercard, Accenture, and Facebook are leading the charge, but startups and smaller private companies becoming increasingly competitive.
Armed with venture capital and, in some cases, crowdfunding, smaller players are able to offer up a pretty penny for the right talent.
But even then, the right talent may be hard to come by.
While there are nearly 20 million software developers in the world, there are only a handful of dedicated blockchain engineers, though that number is steadily climbing.