Blockchain could be the next big technological novelty, but most people in the Republic do not know what it is and therefore have not considered a career in it, reveals a new study.
Despite a thriving blockchain community here, with companies like Deloitte, Mastercard and ConsenSys heavily recruited recently, around 75% of Amárach respondents said they would not think about working in the industry.
The 1000-person study commissioned by Wachsman found that just over half of those who rejected the idea of a blockchain-related work cited a lack of understanding of what is the main reason for the technology. Many also cited that they did not have enough skills to work in blockchain.
People aged 25 to 34 were more eager to work in the industry, with men more interested in women.
Cryptocurrencies
Blockchain is the technology behind popular cryptocurrencies like bitcoin. A blockchain is a constantly evolving transaction record that is maintained simultaneously on all computers in a network. Technology is seen as an important step forward as it guarantees high levels of traceability and security in online transactions.
While it is more commonly associated with cryptocurrencies, blockchain plans to transform business models into a wide range of industries.
Global blockchain spending is projected to reach $ 1.5 billion (€ 1.3 billion), twice the amount spent last year, according to IDC research group. Spending for blockchain solutions is expected to rise to $ 11.7 billion (€ 10.3 billion) in 2022 with a five-year compound annual growth rate (CAGR) of 73.2 percent at that time.
"With the demand for blockchain technology experts skyrocketing in both Ireland and abroad, it is important for people to realize that a blockchain career goes far beyond requiring a computer science, business finance course," he said. David Wachsman, founder of the blockchain services group.
"Industry beginners in Ireland can be professionally trained and educated about the disruptive power and potential of the blockchain because it is rapidly becoming one of the most significant career opportunities of our generation," he added.
