There is absolutely no question that crypto-currencies are steadily growing even in the minds of some of the biggest cynics. According to a report released on February 28, by a recruitment company, Hired; the global demand for Blockchain engineers has skyrocketed by 517 percent across the globe, year after year.
The report also shows that the second fastest growing software engineering is security engineer, with 132 percent growth, with the role of embedded engineer coming in third with a growth of 76 percent.The Blockchain engineer role also consistently stayed among the top three most paid software engineering jobs in the various cities covered in the report.
A blockchain engineer will most definitely be the most sought after professional in the world’s major cities right now; with the report showing that Blockchain engineering is the second most-paid software engineering profession in both London and New York, third in San Francisco and first in Paris. The average salary payable to Blockchain engineers in the mentioned cities is $105,400.
The most fertile hunting ground for a Blockchain engineer would be the San Francisco Bay area, which is the location with the highest salaries with an average of $155,000. Paris comes in last with Blockchain engineering salaries averaging $67,000.
As was reported by Crypto publication Cointelegraph late last year, the average earnings of a blockchain engineer have seen tremendous growth, averaging between, $150,000 to $175,000 a year. This growth in earnings is explained by the growth of the blockchain industry even when crypto markets have not been stable.
Even all throughout the crypto winter of 2018 and early 2019; a lot of infrastructure has been created around the technology. A lot of tools and solutions are being developed based on the Blockchain, which only testifies to the growth of the space.
The blockchain industry is indeed on a high if you consider the interest in the technology by major tech giants such as Facebook, Amazon, IBM, and Microsoft. Financial institutions have also not been left behind with institutions such as Fidelity Bank and Spain’s Santander heavily involved. US-based JPMorgan even launched their own token which they project will be a big success.
With the growing interest in crypto-currencies and blockchain, all these industries will require experts in the field to come in and make sense of it all. Thus the soaring demand in blockchain engineers; which is likely to continue for the foreseeable future.
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