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Job Seekers’ Interest in Blockchain Soars Amid Blockchain Frenzy in China

Along with the bitcoin price growth over the past few years, job seekers and employers’ interest in blockchain-related roles have risen sharply, especially amid the recent blockchain frenzy.

Blockchain job offerings published to the labor market is far from being able to meet those zealous job seekers who have a wish to work in this trendy sector. According to Zhaopin, a leading recruiter company in China, the number of blockchain job seekers was more than 7 times the number of open vacancies in the first three quarters of 2019.

Despite overwhelming resumes, some segments of the labor market are still in urgent need of experts and talents in this nascent yet disruptive sector.

In terms of industry distribution, in the third quarter of 2019, openings for blockchain talents from the Internet/e-commerce and computer software sectors have accounted for over 50%, 37.14% and 14.45%, respectively. The top 10 sectors in demand of blockchain talents also include IT services, funds/securities/futures/investment, education/training/colleges and universities.

Among the recruitment requirements, software engineer is the most needed position, accounting for 7.89%; followed by sales that accounts for 6.6%. Senior software engineers account for 3.93%, which indicates that technical positions are the first goal for enterprises to recruit talents, followed by sales staff that help the company achieve profitability.

According to the third-quarter report by Zhaopin, the demand for blockchain talents mainly comes from the first-tier and new first-tier cities like Beijing, Shanghai and Shenzhen. Among them, the recruitment demand in Shenzhen increased by 5.06 percent compared with the same period last year, which makes the city No.1 and the fastest-growing city by the number of blockchain job offerings. The tech capital Shenzhen is indeed at the forefront of blockchain development and application. In August 2018, China’s first blockchain-based invoice was issued in Shenzhen, as of November 1, over 10 million blockchain-based invoices have reportedly been issued in Shenzhen with over 7,600 companies having used the system.

The report also offers details about salaries of blockchain practitioners in the country. The average pay of blockchain job offerings reached 16,317 yuan ($2,322), nearly twice the country’s average.

Following Xi’s blockchain endorsement, public awareness of this trendy technology has been greatly aroused. It is predictable that the labor market will see more job seekers flood into this sector. According to a recent LinkedIn report on future skill trends in China, blockchain is among the top 10 fastest-growing skills.

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