A study conducted by Linkedin (a professional network platform) and OKX (a crypto trading app), found that the industry’s workforce grew 76% from a year ago to June 2022. The study also found there is “a large gap in demand for technical talent in the global blockchain talent pool.”
China: Top Ten Countries with the Lowest Growth Rate
According to the findings of a study undertaken by the professional networking platform Linkedin, and crypto trading app OKX, “the total number of people working in the blockchain industry among LinkedIn’s worldwide members grew by 76% year-on-year as of June 2022.” The findings also show the United States along with India and China as the top three countries for blockchain talent globally.
According to the study, India is the country that has the fastest growth rate in blockchain talent with 122%. Canada comes in second with 106% and Singapore third with 92%.
Nigeria had a blockchain talent growth rate that was 81%. This is the fourth-highest worldwide and highest in Africa. China was among the ten top global talent-gathering nations, with only 12%.
Tech Talent Talent in High Demand
Canada had a growth rate of 560% in relation to job postings on blockchain. Singapore is in a distant second with a growth rate of 180%, while India’s growth rate of 145% puts it at number three. Fourth place is shared by Germany and the United States, both of which saw an 82% rise in blockchain job postings.
The Linkedin/OKX survey found that finance talent has the largest proportion, with 19%. The next largest proportion, at 16% is engineering talent. With 6%, sales, business development and IT talent round out the top five.
As to the large gap in demand for technical talent, the study’s report said:
“There is currently a large gap in demand for technical talent in the global blockchain talent pool. Engineering talent was the most in-demand blockchain talent up to June 2022. IT talent is second. The next closest are marketing, product management and human resource. The finance category, which currently ranks first in terms of blockchain talent, is only sixth in terms of hiring demand.”
The study report also acknowledges that one of the consequences of the demand for blockchain talent outstripping supply has been the “global blockchain talent mobility [that] is characterized by short tenure and high talent turnover.”
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