Is there a shortage of blockchain developers? The big companies offer a serial trick.

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"CSDN Editor's note" with the growing popularity of blockchain, hundreds of related startups are springing up all over the world, followed by a shortage of blockchain developers in the talent market in the awkward situation, which has a dedicated team to ensure that blockchain technology companies are few. This article summarizes the current number of companies to solve the blockchain talent shortage of various methods, let's take a look at it.

The following are the translations:

Industry giants IBM, MasterCard and JP Morgan Chase, and many large companies are exploring blockchain opportunities. This technology is one of the most promising technologies for consulting firms such as Deloitte and Accenture, and over the past few years these two companies have given a wide range of attention to the technology.

The explosive growth of the blockchain requires developers to have a very strong and broad range of technical skills, including proficiency in application development, security, engineering, and other related areas.

"The primary problem for the blockchain industry today is the scarcity of talent," Jeremy Drane, PwC's director, said in 2016. "In the fall of 2017, Cointelegraph has reported doubling the position of cryptocurrency-related jobs over the past 6 months. At the same time, the blockchain-related development positions were twice times higher than in 2016, according to AngelList, who focused on the position of a startup company. Cryptocoin News reported in November 2017 that the distribution of blockchain-related jobs on LinkedIn (LinkedIn) was more than three times times that of last year.

The sudden rise of the blockchain has created a dearth of talent, and big companies are unable to meet even the most basic blockchain knowledge needs. In the face of such a formidable form, it is also intriguing that major companies make up for this talent gap.

1. Internal training

It is estimated that revenue from the global enterprise Blockchain application will rise from 2.5 billion to 19.9 billion by 2025. The time between today and 2025 is a huge opportunity for companies to build their own technological power inside.

Companies such as IBM have set up their own training centers to fill the huge demand for blockchain-related jobs. IBM has a team of senior high-tech professionals who can quickly develop blockchain developers using existing knowledge and experience.

According to the IBM Developer blog, "IBM provides personalized online training for employees engaged in and wishing to engage in blockchain." At the end of the course, IBM will issue certificates to students who have obtained this technology, which can be displayed on their CV or LinkedIn profile.

Blockchain platform IOHK provides a small range of blockchain summer courses for graduates of computer science majors to foster more blockchain-related employees to join their platforms.

2. Outsourcing

According to PwC's 2017 e-IQ survey, 36% of finance executives said their companies planned to make significant investments in blockchain technology over the next 3 years.

Of course, many of these companies do not have the general strength of a group of companies such as IBM, and 86% of finance executives say their company does not have the necessary blockchain technical power. There are few companies with a dedicated team to ensure blockchain technology. As a result, these companies outsource the development of blockchain to professional agents and freelancers.

Job Platform Upwork and LinkedIn (LinkedIn data show that the software technology industry, since 2014-2017, the issuance of Bitcoin-related posts increased by 4.6 times times) has shown that blockchain and Bitcoin-related capabilities are the most popular in the high-tech field of two technologies.

With such high demand, blockchain-related freelancers are worth a fortune. According to CNBC, "the hourly wage starts at $50, high or even more than $200." "However, as blockchain technology becomes more and more valuable in the high-tech world, the cost increases are worth it as long as the opportunity is firmly grasped."

3. New collar workers

Juniper Research reports that 57% of large companies are actively considering or have started to deploy blockchain technology. Faced with numerous vacancies and few qualified candidates, companies have no time to wait for college graduates to fill this demand. They need help now, so many people are turning to the so-called "new job", a term that refers to working-class workers who do not need a college degree but need to attend training.

This approach is a desperate practice for major companies to combine traditional college recruiting and cooperative education. In a September report, MSNBC highlighted this growing group of people trained to work on specific blockchain development.

By providing generous remuneration and limited training content, major companies can ensure that some of the required talent. An increasing number of higher education institutions are beginning to offer online blockchain training courses. Stanford University professor Dan Boneh has received more than 1 million applicants for the computer security and Cryptography program.

The strong demand from blockchain developers has brought high rewards for this technology. A recent report from the computer world shows that in some regions, "software developers who are competent to create and manage blockchain technology can earn an additional $18,000 in annual salary." "The news is no longer a secret, and the computer science courses of the high school and students are soon to be delivered to the market with the technical direction of the students.

But before that day comes, big companies still need to keep trying to find enough talent. Bitcoin and other tokens have become more and more mainstream in the financial system, while the blockchain functions and uses are growing. A race to find top talent and develop the most innovative technology has begun.

The writer Ignacio De Marco is CEO of Bairesdev Corporation, a technology services company.

Original: 3 ways organizations is dealing with the blockchain developer shortage

Links: https://venturebeat.com/2018/01/28/3-ways-organizations-are-dealing-with-the-blockchain-developer-shortage/

Author: IGNACIO DE MARCO, Bairesdev

Translator: Jing Ma Hui

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