According To A Poll, There Is A 80% Growth In The Workforce Of The Blockchain Industry This Year

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Last Updated on August 14, 2022 by Bitfinsider

One of the hottest trends in business, banking, and a variety of other industries is blockchain technology. Following the rise in popularity of cryptocurrencies, their introduction to the general public has given rise to new investment options and tactics.

Due to the rising popularity of blockchain technology and cryptocurrencies, there has been a significant increase in the number of people finding jobs in this developing technological industry.

The number of people employed in the blockchain industry “increased by 76% annually as of June 2022,” according to the findings of a poll performed by the professional networking website Linkedin and the bitcoin trading app OKX.

Blockchain Market Growing Quicker

The blockchain industry has grown tremendously since it first emerged a little more than ten years ago, but in recent years, the pace of growth has significantly accelerated.

The companies that make up this sector are led and managed by people with a variety of abilities, despite the fact that the business and its development are typically assessed based on market capitalization, trading volume, and other financial factors.

According to the analysis, the top three countries for talent availability in the blockchain industry are the United States, India, and China.

In terms of the amount of knowledgeable professionals in these applications, including cryptography and financial applications, India comes in second.

India lagged behind the US in terms of blockchain skill, with China taking third place overall. India, on the other hand, was noted as the fastest-growing country in terms of the availability and expansion of qualified professionals, with a talent pool that is increasing at a rate of 122% annually.

Singapore comes in third with a growth rate of 92%, then Canada comes in second with a growth rate of 106%.

At 81%, Nigeria has the fourth-highest talent development rate in the world and in Africa. With a 12% growth rate, China ranks last among the top 10 countries in the world for blockchain talent.

The Blockchain Industry Will Reach $20 Billion In Revenue

This year, it’s expected that the total cost of blockchain solutions would be $11.7 billion. The global blockchain technology market is projected to produce $20 billion in sales by 2024. In the second quarter of 2021, there were more than 70 million registered wallets.

According to the Linkedin/OKX survey, the finance sector has the largest percentage of talent in the industry, at about 20%.

Engineering skill, on the other hand, ranks second with 16% of the total. Sales, information technology, and business development skills round out the top five with 6% each.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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