The Blockchain revolution continues to gather momentum with the demand for professionals holding the key technical skills far outstripping supply.
Asia is still maturing as a Blockchain centre even although a new initiative is announced by a bank, fund manager or even law firm every other day. The majority of professionals with the relevant skills, according to a report in «The Financial Times,» (behind paywall) are in India, the U.K., France and Germany.
Blockchain is being widely adopted across other industries outside of financial services, with retail and supply chain sectors for example also demanding expertise.
More Demand Than Supply in Asia
The demand for blockchain expertise is far outstripping supply, making it one of the most active areas for technology recruitment.
And while many hundreds of blockchain-based start-ups are being initiated, the incumbent companies in sectors, including financial services, are struggling to get to grips with what the new systems can do. Jerry Cuomo, IBM’s vice-president of blockchain technologies, says in the report, «There is an entirely new way for businesses to interact — it is awesome and as this takes root it will be revolutionary. Is there a talent bubble? Yes. We haven’t even seen it yet,» he said
According to Cuomo, leading blockchain engineers can command a salary above $250,000. «Is there a talent bubble, yes we haven’t even seen it yet, it is a really hot area,» added Cuomo.
