Launched just ten years ago, blockchain has quickly become one of the most sought-after technologies. Experts suggest that it is growing faster than the internet.
According to Statista, spending on blockchain solutions will reach $19 billion by 2024. Still relatively new, the blockchain world is still finding its feet in terms of jobs and education.
Career Opportunities in Blockchain
Blockchain is being used in various industries such as healthcare, finance, banking, supply chain, automotive, media, entertainment, insurance, telecommunications, and others.
More than 20% of companies are working on developing blockchain apps. Therefore, the need for qualified blockchain professionals is rising. Students are opting for courses in data science, computer science, engineering, and specialized blockchain degrees to earn a job in the blockchain industry. There are several kinds of job opportunities available in the blockchain. Here are some of the best ones to kickstart your career:
1- Blockchain developer
A blockchain developer is responsible for designing and implementing a blockchain network. Starting from business logic and maintaining both the client and server-side applications, the developer works to run the blockchain network.
Strong development background and at least three years of experience are needed in working on open-source projects. Proficiency in C, C++, or Java is required with knowledge of bitcoins and P2P networks. The average salary of a blockchain developer is between $150,000 to $160,000 annually.
2- Blockchain architect
A blockchain architect works with research and development teams to design solutions that leverage cross-asset frameworks. Constant innovation at a massive scale is required for this job. The ideal candidate is required to set performance standards and create new solutions.
At least five years of experience designing complex integrated systems are required, along with a computer science or equivalent degree. The average salary of a blockchain architect is around $180,000 per year.
3- Blockchain UX designer
The role of a blockchain UX designer is to select the right UX elements to design innovative solutions. At least five years of experience is required in creating user interface designs and product UIs. A degree in computer science with a focus on user experience is required. The average salary of a blockchain UX designer is around $112,000 per year.
4- Blockchain data scientist
Data science is helpful in blockchain because it aims to extract business-focused insights to make data-driven business decisions. The role of a blockchain data scientist is to track data at every point on the chain. Since blockchain is a secure ledger so the data should be protected at every step using multiple signatures. A degree in data science and analytics and a minimum experience of three years is required for this job. The average salary of a blockchain data scientist is around $140,000 per year.
5- Blockchain security analyst
The blockchain security analyst reviews the blockchain infrastructure code and identifies any underlying security vulnerabilities to secure the products. The ideal candidate is required to develop new blockchain security tools using modern engineering practices. An experience of two years in blockchain engineering with a focus on security analysis is needed. Knowledge of Ethereum and Yellow Paper is a bonus. The average salary of a blockchain security analyst is around $125,000 per year.
6- Blockchain consultant or strategist
The blockchain strategist conducts research, analysis, development, and testing of blockchain technologies. The ideal candidate should have experience in application development in languages such as C, C++, Java, or Node.js. Knowledge of IBM and Openshift is a plus. An experience of 10 to 12 years is required for the position of consultant. The average salary of a blockchain consultant is around $136,000 per year.
How to Start a Career in Blockchain
Blockchain is the fastest-growing skill and is one of the highest earning jobs worldwide. Here is the list of qualifications and skills needed to start your career in the blockchain:
- Master of Science in Analytics to kickstart your career as a data scientist, leading to specializing in blockchain and data science.
- Fundamentals in blockchain cryptography and development course to gain experience in writing code and developing blockchain software.
- Digital or cryptocurrency course to give you a good idea of digital currencies.
- Blockchain security or encryption course to learn the fundamentals of different blockchain security mechanisms and system-level vulnerabilities and attacks.
- Learn IBM’s Hyperledger Fabric and Ethereum as these are the two most used blockchain technologies in the world.
- Master cryptography because blockchain relies on cryptography to secure assets. You should have an understanding of the classic cryptography algorithms, digital signatures, protocols, and public-key cryptography.
Blockchain is a promising career provided you have a good knowledge of computer languages and data science. Major organizations such as IBM and Microsoft are making huge investments in blockchain apps to gain a competitive advantage. You can start your career in the blockchain industry by opting for any of the job opportunities discussed in this article. Remember to sharpen your skills during every stage of your career, as this will help you to grow and earn more.
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