It is recently reported that blockchain talents are urgently wanted by China’s high-profile tech giants as Alibaba, Tencent, Jingdong, Mi, etc, and a blockchain developer will be paid as much as 100,000 CNY (equivalent to $16,000) a month, according to positions posted on Lagou.com, an online recruitment dotcom.

A list of most high-paid blockchain positions by Lagou.com (Top 5 are from Tencent, Mi, Suning, Xunlei, Ali)

Blockchain has been a nowadays buzzword, drawing increasing interest from the public. Blockchain startups and media are springing up in the unabated blockchain fever, offering numerous blockchain-related posts.

60,000 Chinese yuan monthly pay for a blockchain editor

According to the widespread information of blockchain-related job recruitment from several domestic Internet recruitment sites, many 1^st-tier cities in China see great surge on blockchain talent demand from the previous month.

Blockchain talent are extremely sought-after in these fast developing and far-sighted cities as Beijing, Hangzhou, Shanghai, etc. Enter “blockchain” on an online recruiting site, dozens of pages’ relevant position information would pop up, with dotcom giants as Alibaba and Tencent in the list.

It is indicated from the table above that blockchain enterprises are mainly based in Beijing, Hangzhou and Shenzhen. Blockchain technical developers and CTO are most sought-after with an offer of annual pay over 300,000 Chinese yuan. While technical developers in traditional internet companies who used to be the country’s high-income earners are usually paid 100,000 to 300,000 yuan a year. Developers in this newly-emerged industry can easily get annual pay ranged from 300,000 to 1,000,000 yuan.

As for non-technical positions, it is noticed that the monthly payment for blockchain journalist, editor and operations managers ranges from 8,000 to 15,000 yuan, a rather high income in local and higher than their peers in traditional sectors where these people are usually paid 4,000-8,000 per month.

For excellent editor with fintech and blockchain knowledge, they will be offered 30,000, even 60,000 yuan a month, which is the average annual income of a white collar (China’s GDP per capita of 2017 is $8,481, equivalent 53,780 Chinese yuan).

They may leave at any time

Talent shortage is the norm in the early stage of an industry. The increasing demand of blockchain talents also gives birth to the blockchain training businesses who charge thousands of training fee for a blockchain developer. Zhang Jun, a TMT (Technology, Media, Telecom) analyst,  said

more than 90% companies are far-fetched on blockchain, there are few real blockchain projects. So, seriously speaking, the core blockchain talents in China is no more than 200.

While most of these real blockchain elite have already achieved financial freedom, HR of blockchain enterprises are hurried to recruit new staff while on the other hand, they are worrying their seasoned blockchain backbone might leave at any time…