About six months ago, Blockchain developers were not earning as much as they are now. This was revealed by a report based on the survey carried out by Computer World.
Over the last few months, Blockchain developers who were in the highest wage bracket earn more than US $ 4,000 a year. This report emerged from a survey conducted by Janco Associates, a management consulting firm.
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The average annual pay for Blockchain developers is considerably higher than other software developers earn with $ 132,000. More experienced developers earn more than $ 176,000 when their employers change.
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In addition, in the top end of IT work, only data scientists, ERP data architects, database managers and ERP data engineers are close to earning more than the Blockchain developers. Database managers and ERP data engineers earned Blockchain developers during the second quartile. However, in the third quartile, ERP data engineers took the title and earned more than the Blockchain developers earn.
In the technology sector, Blockchain developers are in the first quartile as reported by Computer World. there have been more surveys in the past that show the enviable position that Blockchain developers occupy in the food chain of the technology industry. A few months ago, precisely in October of last year, CCN revealed in a report that the Blockchain engineers residing in the United States earned the level of artificial intelligence experts. This is another field that has seen the demand for better talent increase.
On average, the pay for Blockchain engineers in the United States ranges between US $ 150,000 and US $ 175,000. This makes it comparable to that of other developers specializing in artificial intelligence, another popular field. Both fields currently offer the highest pay for specialized engineering roles. Software engineers earn about $ 135,000.
Competitive pay and growing demand
The competitive pay offered to Blockchain developers at the time was attributed to a higher demand for talent with the technology industry recruitment company, Hired. This indicates that the posting of jobs has increased up to 400%. Another work site, Glassdoor, revealed that job offers related to generalized register technology and cryptocurrencies had increased by around 300%.
A month ago, LinkedIn, a professional networking site reported that Blockchain development was the largest growing field on its platform last year. This proprietary platform also revealed that the work lists of some software engineers with the skills to develop distributed registers with peer-to-peer technology had increased more than thirty times in the past year.
CCN tweeted on this new development, stating that the development of Blockchain is the largest growing business sector on LinkedIn. The post states that Microsoft's proprietary network has published a list of the top 5 emerging careers and has listed bitcoin development as the largest growing sector of work for the past year.
Fortunately, the growing demand for Blockchain engineers and developers came at a time when the cryptographs announced their plans to fire some employees. One of these companies is ConsenSys, a crypto-enterprise led by the co-founder of Ethereum, Joseph Lubin. The company has made plans to downsize up to 13% of its employees. In addition, Steemit, the decentralized social media company has made its plans to reduce its 70% public employees.