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In 2009, a coder named Satoshi Nakamoto created Bitcoin.
Bitcoin allows users to transfer funds to each other over a massive network from anywhere in the world. Transaction information is stored securely on thousands of different computers. This means that users can see all the transactions that have been made. It also means that the information is not hidden on servers in the offices of companies like Facebook and Google, where it can be sold or stolen. Bitcoin is almost impossible to hack.
Simply put, blockchains are a secure way to store and transfer huge amounts of important information. However, the potential of the technology created by Nakamoto is unlimited and now many people have Bitcoin jobs.
Since Bitcoin, hundreds of other crypto-currencies have been launched and thousands of different companies have been formed that offer blockchain services. Every new technical improvement creates new skills that must be taught and learned, understanding how cryptocurrencies work is crucial if you want to start a career in crypto.
Who is hiring?
There are four major players in the crypto job market; startups, legacies, tech companies and governments.
Startups are independent companies created since the invention of Bitcoin. AngelList has recorded 1,500 crypto startups that have raised over $3.7 billion USD from ICOs in the US alone. The startups are run by crypto nerds and blockchain businessmen who saw the importance of the technology and got involved early.Since Bitcoin, hundreds of other crypto-currencies have been launched. Every new technical improvement creates new skills that must be taught and learned, understanding how cryptocurrencies work is crucial if you want to start a career in crypto.Click To Tweet
Large companies like banks, accounting firms and law firms that have been around for many years. They have been very slow to react to the technological developments of Bitcoin.
If they don’t find ways to use blockchain technology, it could put them out of business! Legacy companies have a lot of power and money and most hire entire teams of blockchain experts to help them keep up with the technology.
Technology companies have the most to lose if blockchain technology takes over the world. These are companies like Microsoft, Apple, Google, and Facebook. Much of their success and power is based on the centralized services they offer. If the popularity of decentralized platforms continues to grow, users will no longer want to use centralized networks. Technology companies need to adapt and fast and most are investing in projects that will use blockchain technology to benefit their businesses.
The cost reduction potential of blockchain is huge, many governments have hired crypto experts to advise them. In Britain, Sir Mark Walport has suggested that a blockchain could be used to manage student loan payments. In Estonia, blockchain technology is being used to make government agencies more fair and efficient. Venezuela has gone even further and created its own crypto-currency called Petro!
All of these institutions are creating new blockchain jobs every day.
Who is being hired?
A blockchain employee can come from almost any career background, but they can be separated into two main groups: techies and non-technophiles.
Techies are technology professionals like software developers and engineers. They are highly skilled in programming languages such as Java, Python, and C++. Some will have experience with cryptographic technology. Even for techies, crypto-currency jobs are a new challenge! Developers and engineers will need to become familiar with new coding languages like Ethereum’s Solidity or the Ripple protocol if they want the best blockchain careers. Blockchain developer jobs are different. They require engineers and developers to perform many tasks they wouldn’t normally do. Blockchain projects might require them to research, design, and build a new platform as well as come up with business ideas and plans.
Blockchains need more than just technical support. Like any business, blockchain projects need accountants, lawyers, public relations, marketers, and more.
Areas of growth
Blockchain is threatening the operation of many industries, but it is finding new roles for people trained in these areas.
The blockchain industry needs to reach a wider audience. We could see dedicated blockchain advertising agencies, PR firms and media outlets in the coming years. YouTube vloggers like Ameer Rosic, Ivan on Tech and Crypt0 are the first of a new breed of crypto journalists.
Blockchain projects will only succeed by creating decentralized applications that people want to use. The focus will be on hiring software developers who can create apps for a mass market.
Around the world, new laws are being written about how crypto-currencies can be used. The technology itself can guide legal contracts. This means that law firms will need crypto experts and crypto companies will need legal compliance.
The ability to store and transfer large amounts of information could have a big effect on how supply chains work. This could mean big changes and new jobs in agriculture, heavy industry, and international trade.
The stock market grew massively in the 1980s and now the coin market is growing even faster! Coin exchanges handle tens of millions of crypto transactions every day. They need asset managers, crypto brokers, analysts, and ICO advisors.