A new era – Industries eyeing Blockchain technology for better stability.
There is little doubt that 2018 is going to be an incredible year for the world of Blockchain. As international regulatory agencies, governments, and ground-breaking crypto companies continue to work together on substantial policies regarding mainstream applications of the technology, it is hoped that the industry will achieve stability. It is also expected that we will see an increase in the use cases of blockchain technology by both the state and private enterprises alike.
There has never been a better time
In anticipation of this future growth, it seems that there has never been a better time to enter the world of blockchain and cryptocurrency. Cryptocurrency startups that once comprised of just a couple of individuals with a vision are now developing into multi-million euro enterprises with advanced mission statements and propositions. In fact, more cash was invested in cryptocurrencies in the first half of 2017, than in the whole of 2016 put together. Furthermore, figures from indeed.com suggest that the number of jobs in the blockchain sector has increased by 207% in 2017 alone.
This incredible growth is due to several factors. Firstly, 2017 saw a huge increase in the value of cryptocurrencies across the board. The price of Bitcoin, for example, increased in price by a whopping 645% between April 2017 and April 2018. These price rises are in direct correlation to increases in demands in the job sector. By the end of 2017, job searches for cryptocurrency related jobs reached an all-time high of 46 searches per million.
An unstoppable growth
This is all in spite of the market devaluation that occurred during the first quarter of 2018 and it just goes to show that this shift did little to slow the tremendous momentum of the industry. Whilst the monetary value of cryptocurrency coins continues to fluctuate, the value of the technology that underpins it- the blockchain- is remaining steady. It is also important to note that it is not just startups that are on the lookout for talented candidates, but it is also multinationals such as Uber, eBay, Geico, and JP Morgan that are hunting the crème de la crème of the tech industry.
But what is perhaps the most exciting part of the current industry state is the fact that you don’t need to be particularly tech-savvy to be considered as an ideal candidate. As with any developing technological industry, crypto companies are looking for individuals who have the soft skills to succeed. Talents such as good communications skills, business development talent, and legal knowledge are highly sought after to help provide diverse perspectives to growing companies. One of the most important attributes that can be brought to the table is a genuine interest in the sector. Having an avid interest in blockchain, as well as an ability to adapt, think outside of the box, and learn on the job, are attributes that cannot be found just anywhere. This is an innovative and rapidly evolving industry and its leaders are looking for likeminded individuals to evolve with it.
Take the leap
For those individuals who are considering a change of direction, the time to get involved with working in the cryptocurrency sector is now. As more and more mainstream and international businesses venture into this space, candidates have a truly unique opportunity to begin to get ahead of the rush before it happens. Although the cryptocurrency markets may be volatile and unpredictable, one thing is for sure and that is that the future of employment in the crypto and blockchain sector is looking bright.
E&S Group is a leading law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.
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