Blockchain Developers in High Demand Despite Crypto Industry Turmoil
Despite the turmoil that the broader crypto industry experienced last year, there has never been more demand for blockchain developers. According to a report by DevSkiller, demand for blockchain programming skills increased by 552% in 2022, compiling over 200,000 skills assessments.
Last year was one of the most chaotic for the crypto industry, with FTX’s collapse leading to thousands of layoffs and many firms shutting down entirely, especially those in the mining sector. Cryptocurrencies were also hit hard, with the industry’s market cap plummeting from roughly $2.23 trillion at the start of 2022 to just $832 million at the start of 2023, according to data from CoinGecko.
Despite this, software industry insiders claim that the demand for blockchain developers has never been higher. Tech firms are using skills assessments as part of their hiring process to vet a developer’s proficiency, and the demand for blockchain programming skills is only expected to increase in the coming years.
Experts believe that blockchain technology has the potential to revolutionize industries beyond just finance, including healthcare, supply chain management, and more. As such, the need for skilled blockchain developers will only continue to grow.
While the crypto industry may have experienced a tumultuous year, the demand for blockchain developers shows that the technology behind cryptocurrencies is here to stay. As more industries adopt blockchain technology, the demand for skilled developers will only continue to rise.
