Research conducted by the professional networking site LinkedIn and the cryptocurrency trading app OKX indicated that the number of persons employed in the blockchain industry increased by 76% year over year as of June 2022.
The research also revealed a significant shortage of technical skills in the worldwide blockchain talent pool.
The results also indicate that the United States, India, and China are the top three nations worldwide for blockchain talent.
According to the survey, India ranked first in the world in terms of the growth rate for blockchain talent, with a growth rate of 122%. Canada comes in second with a growth rate of 106%, and Singapore comes in third with a rate of increase of 92%.
The 4th world and highest African blockchain talent development rate was 81% in Nigeria. China has the lowest growth rate of the top ten global blockchain talent-gathering nations, at 12%.
Canada saw the fastest growth in blockchain job ads, with a 560% increase. With a growth rate of 180%, Singapore comes in second place, and India is third with a growth rate of 145%. The number of blockchain job ads increased by 82% in both the US and Germany, which are tied for the fourth position.
According to the LinkedIn/OKX report, the banking sector has the highest percentage of skill in the blockchain business, at 19%. At 16%, engineering talent represents the second greatest percentage. With percentages of 6% apiece, business development, IT, and sales talent round out the top five.
According to the study’s assessment, there is currently a sizable gap in demand for technical skills in the world’s talent pool for blockchain technology.
Engineering talent will continue to lead the global need for blockchain talent through June 2022, followed by IT talent. Marketing, human resources, and product management follow closely behind. When it comes to hiring demand, the finance industry, which now ranks top in blockchain talent, is just sixth.
The study report also notes that one of the effects of the global blockchain talent mobility, which is defined by short tenure and significant talent churn, has been the requirement for blockchain talent outstripping supply.