Demand for talented individuals far exceeds the available supply
The market for recruiting blockchain engineers has been described as “red hot”. But where can aspiring software coders find training about the intricacies of this technology? There has been a surprising dearth of courses available in this nascent but fast-growing field. Yet the signs are that this is starting to change.
Blockchain is a technology that powers cryptocurrencies such as bitcoin, the value of which soared to more than $2,500 recently, up almost fivefold in the past year. Blockchains allow encrypted data on anything, from money to medical records, to be shared between many companies, people and institutions. This protects data from fraud while instantly updating all parties concerned.
Experts say the demand for expertise is coming from all sectors — from financial services to retail — and it is far outstripping supply. “It is a hot market at the moment because most of the large corporates want to be able to say they have a blockchain team,” says Michael Mainelli, who runs blockchain training courses for senior executives and boards at his consultancy Z/Yen.