Consensys To “See Vast Expansion All Over The World.”

By Rishma Banerjee

In a recent blogpost, developers at Consensys, a New York-based organisation focused on Ethereum-related development, explained how the blockchain ecosystem “continues to see vast expansion all over the world.”

The dynamic distributed ledger technology (DLT) industry is considerably growing with more hiring in all fields and higher revenues. What were once start-ups have now expanded to be considerably bigger enterprises. Top tier MNCs have also joined the blockchain bandwagon. This industry needs business development and project managers, UI/UX designers, software architects, and adequate capital allocation.
The Consensys team has put together a “knowledge checklist”, links to useful DLT-related information, “learning hubs”, and other pertinent resources for all kinds of blockchain job seekers.

Although skilled software architects are the most sought after hires, other non-technical positions like publicist, content creators, community managers and several admin positions have proven to be necessary in today’s world.
Blockchain seems to be one of the most coveted options for most developers. According to LinkedIn’s 2018 U.S. Emerging Jobs Report, the demand for DLT software architects “grew 33x over the previous year.”

Firms and people of different stratas of the society are now considering Blockchain and it’s developers to jump on board.
Established multinational IT and professional services firms such as Ernst & Young, Deloitte, Oracle, IBM, and Microsoft are all expanding their respective DLT-focused development teams. Meanwhile, smaller startups including the developers of the Marconi protocol are looking to enhance blockchain network security, privacy, and connectivity.

According to the ConsenSys’ blog, “advertised blockchain developer salaries — using aggregated data from CNBC, Janco Associates, and Burning Glass — range from $125,000 — $175,000.”
Meanwhile, AngelList data shows that salaries for tech jobs in the DLT industry “outweigh equivalent roles in non-blockchain organizations, highlighting the high demand for practical blockchain knowledge already.” Moreover, non-technical roles in the blockchain sector “also outrank similar roles in non-blockchain companies,” market data shows.

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Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.

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