Times have seen the demand for blockchain engineers increase drastically over the years.
This is despite the price fluctuations currently affecting cryptocurrencies.
According to a new global statistics released to CNBC by Hired, a San Francisco based company, who specialises in recruiting tech candidates for clients.
The report reveals that blockchain engineers now earn as much as $150,000 and $175,000 on an average.
Hired noted that, from the data available through its service over the years, blockchain engineers earn more than their engineering counterparts who specialize in other fields.
The stat further showed that, salaries earned by blockchan engineers is on the same level with developers who specialize in artificial intelligence (AI), however, it is much higher when compared to the $135,000 salaries that typical software engineers earn on average.
The demand for blockchain engineers will continue to grow especially with the large companies who utilize this technology in their projects.
Facebook, Amazon, IBM and Microsoft are some of the firms who continue to advertise vacant positions for blockchain engineers.
Mehul Patel, the CEO of Hired noted that, “There’s a ton of demand for blockchain.”
“Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.”
Dustin Welden, who was hired by Seattle-based Globys to work on a project that makes use of vanguard technology to integrate different accounting service, reveals that he gets twice as much request for job interviews from firm seeking his service since he changed his job title:
“When my title became ‘principal blockchain engineer,’ it became relentless,”
“I get interview requests every day on LinkedIn now,” he said.
Hired also revealed that despite the fact that most of these jobs are advertised as back-end engineer, systems engineer or solutions architect, virtually all of them list blockchain as a desired skill for employment.
Advise From Experts
Blockchain engineers have advised engineers who may want to delve into in blockchain, to ensure they familiarize themselves with networking, database design and cryptography computing skills.
“There’s a mindset here of taking a long-term view of planning.
“If you’re going to build blockchain technology, you have to get that talent.” Patel said.