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Cryptocurrencies have become the focus of attention for retail and institutional investors, media, regulators, and governments. The underlying blockchain technology made it possible for crypto to develop as much as it has, but it’s not only used for digital currencies these days. Big tech companies like Microsoft, Amazon, Nvidia, and Samsung adopted the technology for their uses.
With the rising interest in finding use cases for the technology, many blockchain jobs have opened up for developers familiar with the technology’s fundamentals. With projections estimating that the blockchain market will reach $34 billion by 2026, there is plenty of demand for jobs to be filled out in the industry.
What Is Blockchain Technology?
A blockchain is a much different type of database than those used by SQL developers. Blockchain is a distributed database shared and maintained by a network of computers. In the case of cryptocurrencies, blockchain is also a distributed public ledger of all transactions made on the network. It’s held on a P2P network of multiple computer nodes that keep the record of the complete blockchain.
This system stands out due to its data structure. As the name implies, data is sorted into separate elements (blocks) chronologically linked into chains. Each chunk or block has a reference to the previous one and its value which the next block will use to attach itself to it. Each block also has a predetermined storage capacity.
Demand for Blockchain Oriented Developers in the IT Sector
Just as “cloud” was the buzzword of the mid-2000s, blockchain is getting the same attention these days. The need for skilled IT experts or entry-level developers is great, especially considering that it’s an emergent technology. Cryptocurrency projects and startups are not the only ones looking to fill out jobs in blockchain departments, as companies like IBM, JP Morgan, and Oracle also compete for workers.
Blockchain developers can expect an average salary of more than $150,000 per year, and the top 10% earn above $220,000, significantly more than a software engineer in other fields.
Blockchain developer jobs are also more demanding than similar positions in the IT industry, though. Object-oriented programming is a must, and knowledge of economics and cryptography is beneficial for anyone working in the field.
Top Blockchain Careers
From organizations looking to improve their operations to ongoing projects at many crypto-oriented firms, there is plenty of opportunity for anyone looking for entry-level blockchain jobs or management-oriented positions. Employers like banks or fintech companies are potential places for developing blockchain careers in the financial sector. Other industries like insurance, fossil fuel, retail, gaming, and even law firms also have job openings available for blockchain experts.
Even governments need these professionals for various advisory roles. Some are becoming more open to technology’s possibilities, while others need experts to consult on ways to regulate the cryptocurrency market.
Blockchain Developer
Blockchain developer is a wider term for a programmer that works on coding blockchain protocols, broader blockchain system architecture, and developing web apps and smart contracts operating on the blockchain. These developers can be further classified into two categories: core blockchain developers and blockchain software developers.
Core blockchain developers are responsible for the overall blockchain system, designing consensus protocols, and making decisions that will determine how others will interact with it.
Consensus and security protocols are the foundation of blockchain technology, as they determine how nodes are updated. The most notable consensus protocols are proof of work (PoW) and proof of stake (PoS). Deciding what system to implement will determine how other software developers interact with it. However, work doesn’t end in laying the foundation of a blockchain, as many blockchain technology jobs for those in charge of engineering the core of the system will also require constant network supervision.
A blockchain software developer has less to do with the development of the blockchain platform and more with applications that interact with it. These programmers operate similarly to how regular web developers use the parameters set by core web architects to build web applications. Duties of a blockchain software dev may include programming of smart contracts, front-end design for decentralized apps, backend engineering, or full-stack supervision for decentralized applications (Dapps).
Blockchain Solution Architect
Blockchain startup jobs most often look for programmers who will research and develop solutions with this innovative technology. The position of the blockchain solution architect is responsible for overseeing the project, and it differs from a core blockchain developer.
This position requires creating performance standards, evaluating new solutions, and directing cross-asset concepts and frameworks. The blockchain solution architect is also a leadership role besides handling client relationships. Managing team members and knowing their strengths and disadvantages also helps assign them to tasks best suited for them is also essential.
An expert level of coding knowledge is necessary, especially considering that it’s the responsibility of the blockchain architect to make high-level project decisions and minimize risk.
Blockchain Project Manager
The blockchain job with the most responsibility in the development phase is the blockchain project manager. The most important tasks of the blockchain project manager are to set a development roadmap, outline the goals of the project and delivery dates.
A blockchain project manager is an intermediary between clients and the development team. Their job entails ensuring that the developers address each requirement set by the client and meet its expectations. Besides the management role, Blockchain programming jobs, like this one, require working on various database and processing systems, besides overseeing the project’s token-based economy or infrastructure.
Knowing how to implement blockchain technology into business processes and form a development strategy is necessary. Therefore extensive knowledge of blockchain, its use cases, platform implementations, and limitations are essential besides having expertise in management and leadership roles.
Blockchain UX Designer
Blockchain UX designers have similar requirements as other user experience design positions. The main difference is that being well versed in design and UI creation is just as important as a comprehensive knowledge about blockchain and its solutions.
Most employers require candidates to have experience in teamwork, know at least the fundamentals of mobile UX design well, be versed in using design software and tools and promptly follow deadlines set by the project manager.
Blockchain Engineer
With positions for software developers in the US expected to rise by 22% in the ten-year period between 2020 and 2030, blockchain engineer jobs are more than likely to be in high demand. These engineers have to be proficient in implementing and developing blockchain solutions for enterprises. They will often be hired by consulting or data service firms to work full time.
Furthermore, these blockchain professionals need to work out what kind of solutions the company needs, in addition to developing software or setting up the infrastructure to support it. Blockchain engineers may need to use established platforms like Ethereum or Cardano to launch their decentralized apps.
Most engineers will have to be proficient with code analysis and be able to train colleagues starting at blockchain entry-level jobs. Other responsibilities may include ensuring back-end functionality and creating infrastructure documentation.
Blockchain quality engineers are further specialized in QA (quality assurance) throughout the project cycle. Testing framework, running, and developing automated tests are the main objectives for engineers working in this department. If any bugs or glitches are found, they are reported to the development team to ensure that the final release is free of errors.
Smart Contract Developer
Smart contracts are decentralized applications launched on platforms such as Ethereum. Programming language Solidity is used to interact with Ethereum’s blockchain and launch these applications. Furthermore, Solidity is compatible with other chains such as Avalanche, Binane Smart Chain, Polygon, and others that use the Ethereum Virtual Machine (EVM). Alternatively, languages like C, C++, or Rust are used by other platforms.
These remote blockchain jobs for developers provide an excellent opportunity for IT experts to work independently or in smaller teams. Whether you create an application per customer’s requirements or launch your creation on the Ethereum network, there are plenty of job prospects for Dapp developers.
Since platforms like Ethereum support creating decentralized finance (Defi) applications, whole teams work on creating various Dapps that support elements of the traditional banking system. Through such web apps, the processes of lending, exchanging, purchasing, creating a savings account, and other aspects of established financial systems are developed online. Smart contract developers are highly sought out as they are familiar with deploying such solutions on the blockchain and working in programming languages like Solidity, the backbone of these platforms.
Crypto Community Manager
Community managers are essential for cryptocurrency projects to succeed. Blockchain companies shouldn’t overlook engagement and conversation with their community from the ICO phase to the already established presence in the market.
A crypto community manager doesn’t need to know about blockchain and software development. However, it’s very helpful to be familiar with its broad concepts, at least. Having great people skills, being communicative and enthusiastic is all well and good, but you should still have as clear an idea about what your employees are doing as possible.
An average workday for a community manager may involve answering questions users have on the project’s roadmap, technologies implemented, or the timeline for the ICO. Other essential aspects are moderating discussions on social media platforms, sharing important content about the project, deleting spam content, and identifying potential scammers. Being present on multiple platforms and knowing how to engage through each appropriately is essential.
Therefore, if you are enthusiastic about crypto, you can participate in the industry without being involved with the software development or project management side.
Jobs for Blockchain Devs Worldwide
Some cities across the US are looking to create a better environment for companies looking to implement blockchain technologies.
Blockchain jobs in NYC may increase significantly, especially since the current administration wants to have the city become a “crypto-friendly hub.” It’s not surprising that San Francisco is similar to New York, where most jobs are concentrated. Other major centers in the US include Los Angeles, Miami, and Chicago.
New York leads in hiring new people to work in the blockchain industry with 18.3% of the market share. Another rising city is Austin, Texas, with an increasing number of new hires lately, although it still only counts for around 2% overall.
The biggest regional centers worldwide for blockchain and cryptocurrency jobs outside the US are Hong Kong and Singapore.
To Conclude
To work as a senior or junior developer on applying blockchain technology is both highly profitable and very interesting. New applications are discovered daily, like healthcare, product management, gaming, and the NFT (non-fungible token) industry. While tech giants like IBM and Microsoft keep exploring blockchain-as-a-service or dedicate whole divisions to the technology, there are plenty of chances to work in the field, even without looking for smaller startups and independent programming collectives.
If you are intrigued by the prospects offered by the industry, keep in mind that if you know how to use programming languages like C++, C#, Python, Solidity, Golang, Java, or JavaScript, you may find a place to apply to on our blockchain job board above.
Besides being a digital asset with a rapidly surging price in the last decade, Bitcoin paved the way for both cryptocurrencies and blockchain technology. It’s exciting to see what this tech will bring next and how it will influence other IT fields.
Frequently Asked Questions
What careers are in blockchain?
There are many careers open to IT and software developer experts. Management positions like blockchain solution architect and blockchain project manager are directly responsible for leading teams of developers and UX designers in implementing new blockchain solutions. Other notable careers include blockchain engineers, smart contract developers, UX designers, and community managers.
How do I start a career in blockchain?
The best way of starting a career in the blockchain industry is to familiarize yourself with the concept. Reading white papers for projects such as Bitcoin and Ethereum will introduce you to the coding challenges that these platforms faced and how they solved them or plan to resolve ones that are still a problem. Learning more about cryptography can be immensely helpful as most active blockchains implement it in their software. Further improving your programming skills and learning coding languages used by major cryptocurrencies is also a great way of working towards that career path.
Is blockchain a good career?
The blockchain market is one of the fastest-rising segments of the software industry. Currently, there are more job opportunities than experts in the field, making it an attractive and profitable job direction to take, besides giving you a chance to work on the latest technologies.
How much do blockchain jobs pay?
Blockchain developers can expect to work for an average annual salary of over $150,000.
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