Despite the big price declines seen on the digital currency market this year, demand for blockchain engineers has skyrocketed, CNBC has reported, citing a new study.
According to global stats provided to news outlet by San Francisco-based firm Hired, blockchain engineers are among the highest paid professionals in the software sector, making between $150,000 and $175,000 per year on average. This is on par with developer focused on artificial intelligence and higher than any other specialised engineering roles. On average, typical software engineers earn $135,000 a year, Hired’s data shows.
The higher salaries reflect the rapidly growing demand for blockchain engineer roles. Since the end of 2017, when Hired added blockchain as a sub-role to its service, the company has seen a 400% increase in the number of job postings seeking blockchain-skilled professionals. Among the companies seeking blockchain professionals are some of the biggest tech companies in the world, such as Amazon, Microsoft, Facebook and IBM.
Blockchain-related job postings on Hired still tend to carry more traditional titles such as back-end engineer, systems engineer or solutions architect, the company noted. However, more of these positions tend to list blockchain as a desired skill for the job, it added.
“There’s a ton of demand for blockchain,” Hired’s chief executive officer Mehul Patel said, as quoted by CNBC. “Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.”
Dustin Welden, a developer, who earlier this year was hired to work on a blockchain project, told CNBC about his experience after he had become a ‘principal blockchain engineer’.
“[I]t became relentless…I get interview requests every day on LinkedIn now,” he said.