Job Search Service In fact, it has published new data demonstrating that the interest in job roles related to bitcoin, blockchain and cryptocurrency has declined over the last year.
The data, released on Friday, collide with other job search sites that have announced a labor market linked to the rising blockchain. Salaries for blockchain developers, for example, come up to $ 175,000, as there is a shortage of talent available, according to Janco Associates, a management consulting firm that conducts regular pay surveys. By comparison, software engineers earn an average of $ 137,000, according to Mehul Patel, CEO of the Hired job search site.
The number of full-time job openings related to the blockchain now exceeds 12,000, a growth rate of 400% in the last year, according to Janco Associates.
In fact, a job search site that collects more than 200 million unique visitors per month has examined how the interest in cryptocurrency has changed in the last year. The data showed that bitcoin prices have declined, as has the interest of job seekers in roles linked to bitcoin, blockchain and cryptocurrency ", while employers' interest has stabilized", said a spokesperson via email.
In the last year or so, Bitcoin went on a wild ride, with prices for a single token that rose to nearly $ 20,000 before collapsing by more than half. As of Friday, the price has dropped to one of its lowest points in 2018 – about $ 5,500. In the meantime, other reports have found that technology executives no longer mention terms related to cryptocurrency in earnings calls.
From October 2017 to October 2018, the interest for job seekers for bitcoin, blockchain and cryptocurrency roles decreased by 3.06%, while the employer's interest in those same roles increased 25.49%, according to Indeed.
"Which was very different from the previous year's interest levels," said Indeed spokesman. "If you look at the data for the previous year, from October 2016 to October 2017, the interest for job applicants for roles related to bitcoin, blockchain and cryptocurrency increased by 481.61%, while Employers' interest in roles related to the same terms has increased by 325%. "
Already last March, the interest for IT professionals with bitcoin skills saw a decline linked to the rapid and rapid value of the digital currency. The interest in blockchain skills, at the time, remained high.
Indeed, research shows that while interest has declined, there continues to be a robust market for those with blockchain and cryptocurrency capabilities.
The market capitalization of cryptocurrency is estimated at $ 211 billion, according to a new report by the auditing firm and KPMG commercial services.
In 2019, the most innovative work involving ledger accounting technology (DLT) – blockchain – will focus on the tokenisation of resources, or on the ability to represent digital or physical assets and legal currencies such as tokens that can be sold or traded on a network .
"The blockchain is still in high demand, largely driven by large retail businesses that are pushing suppliers into their systems," Jancoitis CEO Janco told via email.
The bitcoin, said Janulaitis, is another problem.
"We do not see much movement on this front, partly because of a bad blow from people who use it for non-legal purposes," Janulaitis said, referring to money laundering. "We could be wrong, but in the long run the bitcoin has to clean up the general perception that hackers are the primary users of that technology."
Cryptocurrencies have gained significant attention to their ability to solve problems in the global financial system, such as feeless cross-border payments, and have diversified to include different types of assets such as stablecoin. (Stablecoin, KPMG said, is a cryptocurrency supported by a stable resource, such as gold or traditional legal currencies).
Bitcoin, however, has been hit by some high profile hacking incidents, even though regulators are tightening the reins on its use.
For example, in the same way that Facebook blocked ICO advertising, China is blocking cryptocurrency news accounts and token sites, trying to make them die of advertising, according to Windsor Holden, Head of Forecasting & Consultancy at Juniper Research, established in the United Kingdom.
"The rationale is that since many ICOs / cryptocurrencies are believed to be inherently fraudulent or used for illegal purposes (such as money laundering), reducing awareness of them will reduce consumer exposure to fraud and thus reduce the overall scale of criminals associated with activities, "Holden said through a previous email.
While blockchain / crypto-focused jobs may be on a roller coaster, the hot work market for IT professionals in general continues – and wages rise, Janulaitis said. An analysis of the IT labor market shows that 2018 saw the addition of 59,500 new jobs, according to Janco; 40,400 more jobs are created than those created in the same period of 2017.
Janco has conducted several spot interviews with two dozen IOCs in the last week of October. All respondents said they were actively recruited for IT professionals for new development activities and replacements for those who have left in recent months. Friction rates are the highest in recent years and Janco has found that several organizations have slowed down their hiring process to absorb new hires.
"CIOs are tackling staff retention issues for the first time in many years," Janulaitis said. "To counter this, many organizations have budgeted for compensation increases for 2019 and are increasing the current compensation for leading IT professionals immediately as a way to minimize the potential loss of key personnel."