Thursday, May 19, 2022

India explores blockchain as report shows a 700% rise in the demand for blockchain developers

The Takeaway:

There is a huge demand for blockchain developers in the Indian market. A report shows that working engineers with blockchain skills increased by 700% since 2017. The public sector in the country is hiring the highest numbers of blockchain engineers.

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According to a report published on Applancer, demand for blockchain engineers in India has increased by more than 700% in the last year. Earlier, Asia’s richest businessman, CEO of Reliance Mukesh Ambani, announced to install the largest blockchain network in India. 

According to the report, there are currently 3,000 blockchain engineers in the non-banking finance companies and more than 3,500 in the public sector. The global market for blockchain-related services is expected to reach $8 billion by the year 2022. The report further informs that the average salary of blockchain developer is three times more than an average software engineer in the country.

In 2017 there were only 2,300 working blockchain specialists in the country. A report published in February of this year showed that there was a 517% increase in the demand for software engineers with blockchain development skills globally. Blockchain development skills ranked among top 3 job openings in almost every global region. Blockchain developer job openings have grown by 316% in the past year in the US alone.

Companies are hiring blockchain developer, blockchain manager, blockchain software engineer, and blockchain system architects for their projects. The demand for these engineers is increasing at such speed that companies are fearing non-availability of engineers with blockchain skills. Let us know in comments your views on increasing demand for blockchain engineers.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Cheng Wei Chan
Cheng Wei Chan
Cheng is an AI & APP Engineer based in Taipei City, Taiwan. After completing his graduation in Computer Science from National Taiwan University, he dedicated his life into researching and writing about technologies such as blockchain, cryptocurrency, artificial intelligence and application development.

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