Tech 27 December 2017

Vince Dioquino

The future is secure: How blockchain-based technologies help create jobs

We live in interesting times. Each year, technology in general only becomes faster and cheaper. It’s always going forward.

One may say that the digital age has reached a point of maturity: There’s AI, mobile computing, virtual reality, immersive social media, and many other wonders of tech applied to daily life that we wouldn’t have thought possible in the last decade.

Perhaps one of the most surprising turns of this year is how cryptocurrencies have become all the rage. Ever since the first Bitcoin was created back in 2009, cryptocurrencies and blockchain-based apps have grown and multiplied in number.

Now on its new and improved iteration called Bitcoin Cash (BCH), Bitcoin and other cryptocurrencies have come a long way—and its underlying technology has created a booming industry that has helped uplift lives the world over. What began as an enthusiast and hobbyist-oriented innovation has now captured the attention of the world.

More sectors have begun noticing Bitcoin, and the recent bullish price trend set the pace for a healthy and competitive investments industry. This surge in interest and capital flow has led to the creation of various jobs that needed knowledge in blockchain systems and programming, particularly for smart contracts.

In a study by job search website Indeed.com, the number of job postings for or associated with blockchain and cryptocurrencies has risen by 621% since November 2015. A Bitcoin Magazine report pointed that that this could be due to the cryptocurrency space’s “unparalleled investment and growth,” with a particular demand seen in the startup scene.

The crypto hiring boom has two primary causes: the expansions of cryptocurrencies like Bitcoin Cash to a mainstream audience, and the popularity of ICO (Initial Coin Offerings). AngelList, a startup job portal, shared its insight on how the demand for crypto talent has changed the job market. Below are two figures about investments in cryptocurrency startups provided by the job portal:

Fiat USD Invested into Cryptocurrency Startups in $M

Fiat USD Invested into Cryptocurrency Startups in $M

Number of Cryptocurrency Related Job Postings on AngelList

Number of Cryptocurrency Related Job Postings on AngelList

Higher valuations in the startup space have opened jobs not just limited to programming, but also for design, writing, and creative media that would churn content for the crypto revolution’s new audience. A host of jobs based on cryptocurrencies and blockchain can be found in sites like Reddit at r/Jobs4bitcoin as well as job search sites like CryptoJobs.

At indeed.com alone, there has been a 1,065% rise in cryptocurrency-related job searches from its user base. With a bright future ahead and mass adoptions and integrations on the move, Bitcoin and blockchain is bound to touch many lives and create a significant betterment to workers’ conditions. With universities and online learning sites offering courses on the technology, the coming years may see greater impact in the education sector and other industries that tap into its resources.

The future is shifting, and right now we’re standing on exciting ground. If you’d like to secure your future, join the revolution today.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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