Bengaluru leads job creation in Blockchain space, accounts for 37 pc of all jobs
Blockchain is carving the path for massive demand for professionals to work on the technology in major cities of India. According to data from global job-searching website Indeed, there has been a rise in demand for professionals in the sector, while the jobs are concentrated in the prominent metro cities of the country.
In the latter half of 2017, the number of cryptocurrency and Blockchain-related jobs posted on the Indeed website rose by 290 percent. Data from the website showed were a significant number of job openings for roles such as Blockchain Developer, Blockchain System Architect, Blockchain Software Engineer, and so on.
Bengaluru, our very own Silicon Valley, was a clear leader for those seeking job opportunities in the Blockchain sector, with nearly 37 percent of all Blockchain job postings in India. This was followed by Mumbai, Hyderabad, Pune and Chennai, making up the top five destinations for Blockchain careers in India.
'Disruptive', 'revolutionary' and 'emerging' are the buzzwords used to describe the on-demand technology that is resonating around the world — Blockchain. Given its various advantages, Blockchain development is fast gaining favour for a number of applications ranging from monetary transactions to legal documentation. Though the recent Union Budget discouraged the usage of cryptocurrency, Blockchain Technology, the superpower behind it, continues to intrigue all state governments and sectors.
Indeed's data further said New Delhi and surrounding regions such as Gurugram, Noida, and Mohali also saw a share of job postings in the sector, but the volume did not compare to the southern counterparts.
Sashi Kumar, Managing Director at Indeed India in a press statement said,
"While we still have a lot to learn about Blockchain technology, given the enormous scope of its application, interest for Blockchain roles is here to stay. Cities that have conventionally been tech-forward are naturally embracing this technology, as we can see from the emergence of jobs in metropolitan regions. Technology hubs like Bengaluru and Hyderabad continue to lead, while the National Capital Region is also seeing a fair share of interest in the sector. With the global market for blockchain related products and services is expected to reach $7.7 billion in 2022, there are sure to be even more jobs created in the sector in the future."