Blockchain job vacancies keep growing

There appears to be a scramble for staff in the Blockchain sector on Linkedin. Currently, the  professional network platform has over 1,700 vacancies – click here and see for yourself. On over 3,100 vacancies are being advertised. Meanwhile, on an Indian  website,, over 48,800 jobs are on its advertisement page. It seems that many traditional firms are also searching for staff. The US’s largest bank, JP Morgan (with assets of  $3.2 trillion), is looking to hire staff in its Blockchain subsidiary, Onyx, which was launched  back in October 2020. According to posts on LinkedIn, JP Morgan is looking for people in its  auditing, marketing and engineering departments. It was not even a year ago that JP  Morgan sold off its Blockchain busines, Quorum, to ConsenSys. This was followed, in April  2021, with JP Morgan along with Mastercard, UBS and other investors being part of a  $65million fund raiser for Consensys. Visa recently reported that it had increased the  number of “crypto partnerships” by 43% in these last four months to date as interest in  cryptos continues to grow. Off the back of this, Visa is also looking to recruit more staff.  Amazon is presently looking for a head of crypto payments on its website: “ You will  leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital  Currencies and Cryptocurrency to develop the case for the capabilities which should be  developed, drive overall vision and product strategy, and gain leadership buy-in and  investment for new capabilities”. Does this mean Amazon, as a company, is looking to invest  in cryptocurrencies or start accepting cryptos as payment for goods? Binance has been searching for 350 staff globally with Zhao, its CEO, reporting to Bloomberg that: We are  hiring aggressively. We see the industry growing exponentially on a year-to-year basis, and  we need to scale our team to cope with it.” Furthermore, in the legal world it would seem  that Tech Crunch’s headline, “the NFT craze will be a boon for lawyers”, appears to have  been spot on. Specialist NFT lawyers have been inundated with new business enquiries from  companies looking for regulatory and legal advice as they search how best to monetise their  IP with NFTs. Charlie Kerrigan, partner at the law firm CMS, has recently commented: “NFTs  are unusual because there has been such a strong uptake in a short time. We work with  crypto firms and with sports, entertainment and other media firms and the level of interest  and ingenuity were seeing is mindboggling. The projects are a good example of the skills  modern lawyers require since they mix technical issues of regulation, IP and data alongside  commercial advice, negotiation and project management. We have to listen well and be on  our toes!” 

Many people in the past have complained that Blockchain and the digital assets it creates was simply ‘smoke and mirrors’ – in fact, the reality is totally different. Certainly, the above  examples all clearly demonstrate a demand for those employees who can help firms ‘build out’ their Blockchain plans. The cyberpunks who aspired to help the world’s 1.7 billion  unbanked and by-pass the banks, regulators and stock markets have given way to quoted  global multinationals and governments. Often well-known brands and long-established  firms have realised that whilst they are not keen on crypto trading, the technology which  underlines these digital assets (i.e., Blockchain) is able to address the real business  challenges faced by both their customers, and themselves.

Furthermore, according to a 2020 American Productivity & Quality Center (APQC) survey of supply chain professionals, one of the biggest challenges when engaging with Blockchain  technology solutions is finding staff with the right skill set. Well, it looks like this challenge is  increasing, hence the demand for more education and practical help as opposed to the  evangelical rantings claiming that Blockchains are a ‘silver bullet’!  

Top 5 Blockchain challenges 

Source: APQC 

Weekly Blockchain and Digital Assets Analysis by TeamBlockchain Ltd.

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