Recent statistics show that blockchain engineers are now making more than software engineers. We know that blockchain has the potential to radically change many industries. And according to recent findings, engineering is no exception.
Blockchain technology has proven itself increasingly valuable. With unlimited use cases and work opportunities, the emerging technology is already radically shifting many procedures, transactions, and interactions.
This means that more and more businesses can benefit from employees who know how to develop and apply blockchain technology. The sub-role of blockchain was first added to Hired in 2017, and the demand has sky-rocked since. In fact, the demand or blockchain engineers has gone up by 400% on Hired since 2017.
Average Salary of a Blockchain Engineer
The salaries of blockchain engineers reflect the position’s high demand. According to recent statistics, blockchain engineers are now earning between $150,00 and $175,000 on average. By comparison, a typical software engineer makes approximately $135,000.
These rates push blockchain engineers to the top in earners among software engineers including those working with artificial intelligence and other specialized areas.
What Does a Blockchain Engineer Do?
Tech giants like Facebook, Amazon, IBM, and Microsoft are all currently seeking specialists to fill blockchain jobs within their companies.
Many blockchain jobs aren’t advertised under names which state “blockchain” directly. You may find them listed under names such as “Systems Engineer,” “Solutions Architect,” or “Back-End Engineer” with blockchain specified under the desirable skills.
Blockchain Is Increasingly Prevalent
Hired’s new statistics show that no matter the cryptocurrency climate, blockchain adoption is growing.
Blockchain technology spans many industries and can be used for anything from shipping and receiving to appraising diamonds. In fact, WalMart is beginning to use blockchain to track their goods, and Ticketmaster has recently introduced a blockchain platform to curb ticket fraud.
And because blockchain is still in its infancy, few know what it is, let alone how to apply it within their business. Put simply, blockchain specialists are increasingly in demand in the present day workforce.