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Silicon Valley – What’s in a Name?
Thankfully, we may be nearing the end of this massive, industry-spanning shortage. Fortunately, this talent shortage may soon be coming to an end. These are just some of the motivating factors:. So with the talent shortage in the process of course-correcting, there should be a flood of companies investing more in blockchain and developing new projects, right? Unfortunately, there are a few more challenges to overcome before that can happen, including:.
The blockchain remains a highly promising technology for almost every industry , but it has some growing pains to get through before it reaches widespread adoption. Soon, the talent shortage will be a thing of the past, and there will be ample developers prepared to spend their time working on new applications for the technology. Frank is a freelance journalist who has worked in various editorial capacities for over 10 years. He covers trends in technology as they relate to business.
These are just some of the reasons why that talent shortage has existed: Fringe status. Despite the near-limitless applications of the blockchain , blockchain tech has still existed mostly on the fringe for the past several years. Instead, they want to broaden their skillsets and be as practical and far-reaching as possible.
High costs. There are hundreds of highly-skilled, experienced blockchain developers out there. With no one else to turn to, this has driven up the average cost of hiring a blockchain developer, making it extremely hard for small- to mid-sized companies to enter the game.
High stakes. Blockchain developers tend to work with tech products with high stakes. They may involve financial transactions, or the exchange of sensitive information. That scares away some promising blockchain developers, and increases the price of development even further for companies that would otherwise like to pursue these types of projects. Future uncertainty. Developers are also thinking about the long-term future. These are just some of the motivating factors: There are more ways to find blockchain developers.
Between today and , there is an enormous opportunity for organizations to build up the skill sets within their companies. Some companies, including IBM, are devising their own training centers to fill the tremendous need for blockchain-related job openings. Equipped with an army of technically proficient professionals, IBM is using that knowledge and experience as a starting point for quickly training employees to develop blockchain technology.
On a much smaller scale, Blockchain platform IOHK offered free summer blockchain classes to computer science graduates in hopes of getting more job-ready employees ready to contribute to its platform. Therefore, companies are outsourcing blockchain development work to agencies and freelancers that specialize in this work.
Job-matching platform Upwork and LinkedIn which experienced a 4. With such high demand for blockchain-related freelancers, this option is not cheap.
Juniper Research reports that 57 percent of large corporations are either actively considering or already in the process of deploying blockchain technology. This approach is an interesting combination of traditional college recruitment, educational collaboration, and desperation. A September report by MSNBC highlighted the growing workforce-ready population that can be trained to complete specific blockchain development functions. By providing well-paying jobs with limited training, companies can secure some of the talent they need to compete.
A growing number of higher education institutes now offer blockchain training courses online. All this demand for blockchain developers has placed a premium on those skills. Until that point, companies will continue to struggle to find adequate talent. Bitcoin and other alternative currencies are becoming more ingrained in the mainstream financial system, and blockchain is growing in capability and usefulness.
Our vision is to be a leader in blockchain services and products, to dominate the tech innovation sector, and to advance blockchain project development into an easily accessible technology for both individuals and organisations. Chainlify is looking for driven individuals from all types of development backgrounds to help us bring the next generation of blockchain solutions to life in the enterprise. At Chainlify, you will be part of an inspiring, forward-thinking, hard-working team of blockchain pioneers, visionary disruptors, business transformers and digital innovators.
We push the limits to maximise the impact of everything we do. We take pride in our work and have a long-term vision for creating the very best blockchain platform, solutions and community in the world. If you think you could be the next blockchain Rockstar and want to join a company built for innovation, excellence and success, please send your CV to us.
Chainlify Democratising Blockchain for Developers and Enterprises Blockchain is poised to revolutionise the business world, but a global shortage of skilled developers is preventing organisations from advancing their blockchain initiatives. Contact Us Join Our Team. Team Chainlify is backed by a world-class team at the vanguard of blockchain development and web technologies. Carl is a highly skilled web technology specialist. With his in-depth industry experience, knowledge Loki is a full stack web solutions developer with over 12 years experience in the development of Glyn understands the needs of business and how blockchain technology will become an integral part He has worked This is especially true for schools in the USA.
Many software developers don't have a formal education. Even though they do have skills to complete some projects, they have some disadvantages to those with formal education. Those with formal education understand algorithms and data structures. They have experience with compilers and interpreters. They are trained in OS theory; they know how operating systems software works, and they understand different architectures. Big companies have firsthand experience of this difference when big complicated things arise.
The problem-solving skills and critical algorithms are simply better. That's when you understand that when people say that formal education teaches you things that "don't have real-world application," are either lazy or not competent enough to understand those things. With so much demand for software developers and such a small pool to choose from, they are free to demand high salaries for their services. Everyone needs to be paid well for their work, but companies have to secure their stability first.
When buying products online or in brick and mortar shops, you always look for quality. You don't want to pay something that will only last a few days or months if it's supposed to last for years. The same is for your workers. You need to hire software developers , so their prices match their competency. Until the world especially the USA starts producing more talent, you will keep ending up with sloppy workers at a high price.
Get rid of the talent shortage of software developers by hiring abroad. Yes, that means outsourcing. The shortage of local software developers is the number one reason companies decide to outsource. The second reason is the average salary expectations. For example, outsourcing your work to Ukraine where our company is based will save you tens of thousands of dollars per each developer.
Virtual teams to Ukraine, particularly to our company NCube makes sense because of these reasons:. When you sleep, we work and vice-versa. Less time lost on projects. Eastern Europe has a growing labor force of highly skilled software developers and other workers in the IT areas. The general population speaks English and sometimes even a third language. This means there will never be communication problems. Technology leaders around the world trust NCube to develop their products.
We have over 30, developers in our network, and it only takes us weeks to launch a team. We handpick specialists for your project, keep your intellectual property safe, and all our work is being reported directly to you and your company leaders.
Industry [object Object]. Technology [object Object] [object Object]. Software Engineer Shortage in the World. Current state of the software developer job market In the USA alone, there is, at this moment, almost , software developer jobs on the market.
Software Development Share:. Your name. Your question. Send request. Build your own virtual team in Ukraine Let's talk. Recommended articles Ukraine series: History.
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August 21, Arthur Meyster Education. Other European Centers Berlin has a very active market for blockchain and cryptocurency jobs but it worries about its blockchain of a crypto culture. Shortage are just some of the reasons why that talent shortage has existed: Fringe status. Decentralized apps Dappon the other developers, work on blockchain. Soft developers are blockchain as important shortage technical skills. Blockchain Job Market Explodes.
Software Developer Role in the Blockchain Industry
Spring Developers Decal. What does that mean for the average software development company? Solidity Language Documentation. Blockchain Job Shortage Explodes. General Newsletters Developers a blockchain tip?
The Blockchain Talent Shortage May Be Nearing Its End
Developers are also thinking about the long-term future. These are just some of the motivating factors: There are more ways to find blockchain developers. For starters, there are more ways to learn blockchain-related skills, and more ways to find people who have those skills. Platforms like Coursera are offering courses in blockchain basics, due partially to high demand, while platforms like CodementorX are allowing businesses to hire freelance blockchain developers with greater ease. The blockchain has proven itself.
That status has incentivized developers to invest more in their blockchain skills—or in some cases, switch career trajectories altogether. There are more bounty opportunities. Thankfully, there are more opportunities to earn those credentials in the form of bounties and open problems. Now that cryptocurrencies have become more valuable and more commonly accepted, these rewards are even more attractive.
Developers see the demand. The high price tag associated with blockchain talent has drawn the most opportunistic developers to learn more about the career opportunities in the blockchain. With thousands of developers in training, the talent shortage should gradually fade away over the next few years. Other Challenges on the Horizon So with the talent shortage in the process of course-correcting, there should be a flood of companies investing more in blockchain and developing new projects, right?
This makes the blockchain less maneuverable than some would like, and makes even the best problem-solving developers scratch their heads. At some point, you have to make a compromise and decide which weaknesses your system is going to have. Customers may not be ready for blockchain tech. The blockchain is more secure than many other technologies, but average, everyday customers may not be ready for the new requirements that come with it.
Keeping up. Frank Landman Frank is a freelance journalist who has worked in various editorial capacities for over 10 years.
Related Posts. Is FinTech Reliable? The Future of AI in Financ Yet due to being such a unique profession, the position is not as defined as other tech positions that have been in the market for many years. That is because any software engineer that is capable of working with blockchain technologies can be considered as a blockchain developer. In recent years, blockchain has become a very desirable skill.
Moreover, it is the most in-demand hard skill in according to LinkedIn. This is owing to its main features: transparency, decentralization, and immutability. Blockchain has developed a lot since the Bitcoin boom, and currently, cryptocurrency is one of its least significant uses. As a result, there are so few professionals in the space that four out of five positions are left unfilled regardless of the highest salaries in the tech industry.
Thus, if you are curious about entering the sphere of blockchain development, this is the perfect time for you. Moreover, if you are a software engineer or developer based in Armenia , Nooor can guide you through your journey of becoming a blockchain developer.
Learn more about the opportunity here. Any software engineer can turn into a blockchain professional. In fact, the majority of blockchain professionals worked at first as programmers or software developers. Therefore, you can get the typical software engineer education and cover several specialized courses on blockchain technologies afterwards.
In software development, some developers create actual programs and tools, while others make applications and websites. The same is in the blockchain: some developers create the core structures of blockchain technologies like cryptocurrencies or the Ethereum platform. Back-end or core blockchain developers create and manage blockchain systems and protocols for other developers to use later.
They have a deeper understanding of the technology and build the foundations where the blockchain applications will lay.
Decentralized app developers and smart contract engineers depend on the technologies that core blockchain developers design. Smart contracts are agreements in the form of computer codes.
They fulfill themselves when the terms they were programmed with are met. This has a huge potential to transform the way we make transactions.
Generally, if two parties want to make a deal, an authorized third party takes part in making sure everything is transparent and fair. A third party will not be necessary with smart contracts since they only work if the pre-agreed conditions are met. Furthermore, they are available to the participating parties to access and to the network to store.
How LONG does it take to become a blockchain developer?
You don't want to pay something that will only last a few days or months if it's supposed to last for years. The same is for your workers. You need to hire software developers , so their prices match their competency. Until the world especially the USA starts producing more talent, you will keep ending up with sloppy workers at a high price. Get rid of the talent shortage of software developers by hiring abroad. Yes, that means outsourcing. The shortage of local software developers is the number one reason companies decide to outsource.
The second reason is the average salary expectations. For example, outsourcing your work to Ukraine where our company is based will save you tens of thousands of dollars per each developer. Virtual teams to Ukraine, particularly to our company NCube makes sense because of these reasons:. When you sleep, we work and vice-versa.
Less time lost on projects. Eastern Europe has a growing labor force of highly skilled software developers and other workers in the IT areas. The general population speaks English and sometimes even a third language. This means there will never be communication problems. Technology leaders around the world trust NCube to develop their products.
We have over 30, developers in our network, and it only takes us weeks to launch a team. We handpick specialists for your project, keep your intellectual property safe, and all our work is being reported directly to you and your company leaders.
Industry [object Object]. Technology [object Object] [object Object]. Software Engineer Shortage in the World. Current state of the software developer job market In the USA alone, there is, at this moment, almost , software developer jobs on the market.
Software Development Share:. Your name. Your question. Send request. Build your own virtual team in Ukraine Let's talk. Our powerful Blockchain-as-a-Service platform lowers the entry level skillset requirements for developers so they can move swiftly and confidently into blockchain projects. With a full suite of industry-leading tools and access to the most progressive blockchain community on the planet, we created Chainlify to help you start building the applications of the future, today.
Our mission is to enable the creation of wealth by forging knowledge, opening up accessibility and driving businesses and individuals into a faster, safer, more efficient, and prosperous future. Our vision is to be a leader in blockchain services and products, to dominate the tech innovation sector, and to advance blockchain project development into an easily accessible technology for both individuals and organisations. Chainlify is looking for driven individuals from all types of development backgrounds to help us bring the next generation of blockchain solutions to life in the enterprise.
At Chainlify, you will be part of an inspiring, forward-thinking, hard-working team of blockchain pioneers, visionary disruptors, business transformers and digital innovators. We push the limits to maximise the impact of everything we do. We take pride in our work and have a long-term vision for creating the very best blockchain platform, solutions and community in the world.
If you think you could be the next blockchain Rockstar and want to join a company built for innovation, excellence and success, please send your CV to us. Weekly homework assignments will be distributed before class, and the solution will be posted the week after. Slides will be posted after lectures. Class Entry Policy: Enrollment for this course is capped at If course staff deem the student to be a good fit for the DeCal, we will give a permission code to the student so that they can be officially enrolled in the course.
Each lecture will be structured in a way that homework can be completed within the class. First half of each class covers the concepts, and the second half focuses on hands-on understanding through doing the homework.
All homework check-off must be done in-person. If you have special circumstances that you cannot physically be at lecture for check-off, please contact us.
Homework will be posted weekly on the course GitHub repository. We expect excused absences to be rare; we grant you 2 unexcused lecture absences without grade penalty.
If you have to miss class after using up your 2 free absences, please let the course admins know! We will do our best to be as understanding and accommodating as possible.