- Blockchain jobs growth vs Bitcoin’s price growth
- Leading jobs and companies in blockchain-related jobs
According to data sourced from Indeed.com, blockchain-related jobs have seen a spike of over 1400% in the past four years aligning with the exponential growth experienced in the price of Bitcoin. Traditional companies lead the way in job openings for blockchain companies despite recent regulatory challenges in the industry.
Bitcoin growth spurs job growth in the industry
The pioneer cryptocurrency has seen its price shoot up by 230% to close in on $13,000 USD during 2019 causing a new rush by companies to invest in blockchain technology and talent. According to data from job market website Indeed.com, the share of blockchain jobs has spiked by 1,457% per million people in the past four years, dating back to September 2015.
Source: Be seen
However, the demand for these jobs is growing slower than the openings available witnessing a 470% increase in the same period. Since hitting a peak of 220 jobs per million people in late 2017 – during the bull run – the number of searches for jobs in the industry has decreased significantly. Over the past year, the number of job postings in the industry has increased by 26% while the number of searches for blockchain jobs decreased by 53% in the same period.
Source: Be Seen
Traditional firms lead the way in hiring blockchain specialists
Traditional finance, technology, and accounting firms have the largest share of blockchain job postings on Indeed.com leading nascent blockchain companies. In a quick blockchain search on the job market site, Cisco Systems leads the charge with 340 job listings, more than the next two companies combined (IBM with 196 openings and Collins Aerospace with 131 blockchain job listings).