The number of people working in the blockchain industry rose 76% year-over-year as of June 2022, research conducted by professional network platform Linkedin and crypto trading app OKX revealed. The study also found “a significant gap in demand for technical talent in the global blockchain talent pool.”
China Top 10 Lowest Growing Countries
According to the results of the study conducted by professional networking platform Linkedin and crypto trading app OKX, “Among LinkedIn members worldwide, blockchain The total number of people working in the industry increased 76% year over year as of June 2022.” The report states. The survey results also show that the United States, along with India and China, are the top three countries globally for blockchain talent.
Regarding the global growth rate of blockchain talent, the study determined that India ranked highest with a growth rate of 122%. It is followed by Canada with 106% growth and Singapore in third place with 92% growth.
Nigeria had the fourth highest growth rate for blockchain talent in the world, at 81%, and the highest growth rate in Africa. Among the top 10 blockchain talent-gathering countries in the world, China had the lowest growth rate, at 12%.
Demand Gap for Technical Talent
Canada had the highest growth rate of 560% when it comes to blockchain job postings. Singapore is a distant second with a growth rate of 180%, and India is in third place with a growth rate of 145%. The United States and Germany, which both saw an 82% increase in the number of blockchain job postings, are tied for fourth place.
Regarding the composition of talent in the blockchain industry, the Linkedin/OKX survey found that finance talent accounted for the highest percentage, at 19%. The next highest percentage was engineering talent at 16%. Business development, IT, and sales talent round out the top five at 6% each.
The study’s report on the large gap in demand for engineering talent states.
“Currently, there is a large gap in demand for technical talent in the global blockchain talent pool: engineering talent tops the global demand for blockchain talent in job postings through June 2022, followed by IT talent. Product management, marketing, and human resources follow. The finance sector, which currently ranks first in blockchain talent, is only sixth in terms of hiring demand.”
The research report also acknowledges “global blockchain talent mobility[1], characterized by short tenure and high talent turnover,” as one result of demand for blockchain talent outpacing supply.
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