|Fintech Week London, 2022 – The Centre for Finance, Technology and Entrepreneurship has released its first Blockchain Job Report, where they analysed 54 largest Blockchain Unicorns and identified 14 main blockchain job families. The findings show that the biggest companies in this sector employ over 32,500 people globally, with a 219% increase between October 2021 and April 2022. However, the rapid growth is also triggering volatility in this industry, as the regulations in place prove to be insufficient for this new technology. That has recently led to a drastic fall, from 6,500 to 3,500, in the number of job postings on the blockchain market. This means that now it’s more important than ever to know what kind of skills are in demand in the blockchain industry.be insufficient for this new technology. That has recently led to a drastic fall, from 6,500 to 3,500, in the number of job postings on the blockchain market.|
Following the positive reception of the Fintech Job Report, CFTE decided to analyse the blockchain job market and release the very first Blockchain Job Report. The journey to achieving this goal started all the way back at the Paris Blockchain Week Summit in April. CFTE asked over 20 experts from companies such as Fiat Republic, Coinbase, Amber Group, Gate.io and Crypto.com to help them get the best possible picture of the current landscape of this industry, its future prospects and what kind of skills are needed to succeed in it.
CFTE also collaborated with the Budapest Institute of Banking, Innovate Finance, Paris Blockchain Week Summit and Singapore Fintech Association to provide the broadest and most accurate perspective on the blockchain sector in this report. And now, after months of gathering data and drawing conclusions, CFTE can proudly announce that the Blockchain Job Report has been released.
Providing exciting technologies and new solutions to financial services, Blockchain has quickly attracted funding, raising around $56bn in the last 8 years. This allowed for even more rapid growth, so much so that the regulations didn’t manage to follow. That’s part of the reason why there is so much uncertainty and controversies in this area. Even though the blockchain sector has become a significant employer, currently offering over 32,500 job positions, trends in this sector are as volatile as the whole industry itself. Just between April and July 2022, the blockchain job market saw an almost 50% drop in job offerings.
Realizing the impact of this industry, while also appreciating its uncertainty, CFTE has analysed the job profiles and skill sets of the employees to provide you with a thorough understanding of the competencies required to join this fast-paced sector.
One of the key Blockchain Job Report outputs is the “SHIME” Skills Framework. “SHIME” stands for soft and hard skills, industry knowledge, mindset and experience. Those are the key skill categories that help aspiring candidates appreciate what competencies are required for them to thrive and understand what employers in the Blockchain sector are looking for.
What you might find surprising is that the soft skills and mindset of an inspiring applicant play possibly as important a role as hard skills when it comes to ‘fitting’ in this ever-changing industry. However, the research also suggests that the roles in Blockchain are even more tech-focused than those in Fintech, with as much as 90% of them resembling technological companies’ job profiles.
There is a lot more covered in the Blockchain Job Report, which is available now and completely free to download. If you have any feedback that you would like to share with us regarding this report, please feel free to contact us at firstname.lastname@example.org.
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