Monday, June 24, 2019

Increasing Demand for Blockchain Jobs Show Bitcoin is Winning

Blockchain, a modern technology backing Bitcoin and other cryptocurrencies has found several use cases. It is no longer targeted specifically at the crypto space given that companies around the world have adopted the technology. Indeed, an online recruitment portal also revealed that PricewaterhouseCoopers (PwC), a Big Four auditing firm has listed 40 blockchain-related positions.

Big Four Company Adopts Blockchain Technology

PwC is one of the four largest accounting and auditing company in the world. The company recorded a revenue of about $37 million in 2017 and of recent, has shown great interest in blockchain technology. It has ventured into the space while also seeking out people who are skilled in the area.

For starters, the firm revealed its blockchain auditing service last year in a bid to foster blockchain’s adoption. Michael Smith, a partner at PwC, at that time, said the service validates that the technology is operating as it is intended.

PwC Subsidiaries Invest in VeChain

Last year, PwC Hong Kong and PwC Singapore, two subsidiaries of the company invested in VeChain, a China-based blockchain project. The duo bought shares in VeChain whose aim is to provide Internet of things IoT-based services. VeChain also has its VET tokens which enable the tracking of goods, authentication, and maintenance simplification.

Of recent, the firm began to trial its own blockchain-based platform, Smart Credentials which keeps track of employee credentials. Employees’ professional qualifications data can be stored, issued, and secured in the DLT. The data cannot be changed easily and it is the same irrespective of when it is accessed. Therefore, it brings about data integrity.

Increase in Cryptocurrency-related Job Openings in India

Indeed also revealed that cryptocurrency-related jobs in India have also increased. The rise was noted for cities like Bengaluru, Pune, Hyderabad, Gurugram, Chennai, and Noida. It is also worthy to note that while the trade of cryptocurrency is not allowed in the region, there has still been a significant level of interest in jobs in the field.

BTCNN on January 29 also informed that blockchain jobs are the fastest growing online jobs. Crypterium, a media platform rated several fields and its results showed writers, API, and Blockchain are in high demand. The platform also outlined that blockchain jobs are competing with those in artificial intelligence.

LinkedIn in its Emerging Jobs Report revealed that the searches for jobs in the blockchain space had increased 33 times. Some cities in the U.S. where companies were seeking skills in the field are New York City, San Francisco, and Atlanta. A good number of those who got hired are either working in IBM, ConsenSys, or Chainyard.

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