Wondering how to start your career in the Blockchain space? Is it worth becoming a Blockchain Engineer? How much salary do they earn? This article will help you in answering all your questions.
Table of Contents
- What is Blockchain?
- The Growing Demands for Blockchain Specialists
- Best Blockchain Career Options and How Much They Earn
- Conclusion: Start Your Journey with Blockchain Council
What is Blockchain?
Blockchain is a P2P, distributed ledger which ensures the decentralized nature of the technology and works without involving third-party/central authority. As technology is booming, it has started attracting public attention. Many of the industries, including finance, supply chain, gaming, healthcare, and others, have started adopting blockchain solutions to secure their place in the changing times. Organizations and enterprises are implementing this technology to stay ahead of their competitors.
Despite the decline in cryptocurrency prices and the flattening of Blockchain’s hype period, the job paths in the blockchain domain appeared to be advantageous.
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The Growing Demands for Blockchain Specialists
Today, Blockchain is one of the fastest-developing skill sets, with jobs in this domain growing at a breathtaking rate and Blockchain professionals’ salaries being higher than IT professionals.
The first and foremost reason for the growing demand of blockchain talents is due to the limited talent pool despite the fact that there are tremendous high-paying employment opportunities. Tech giants, including Microsoft, Facebook, Amazon, and others, have launched new teams to work on research into blockchain space. The demand for such professionals is not only restricted to the BFSI sector (Banking, financial services, and insurance), but also by supply chain, healthcare, gaming, real-estate, including government institutions and federal agencies.
Best Blockchain Career Options and How Much They Earn
If you want to take your career in the blockchain space, it is crucial to understand the various career options. When it comes to the technical side, there are highly valuable positions open for the blockchain industry, which includes positions such as blockchain developer and blockchain architect. Let’s understand these professions in detail.
Who is a Blockchain Developer
A Blockchain Developer is one who understands Blockchain technology profoundly and can build Blockchain-based applications for businesses. He/she specialize in creating and implementing technical solutions for organizations with Blockchain Technology.
A proficient blockchain developer holds a strong knowledge of bitcoin-like blockchains, including other types of blockchain technologies like Ethereum, Hyperledger, Corda, etc. and responsible for Blockchain evaluation and smart contract development. He develops interactive front-end designs for dApps(decentralized apps) and supervises the entire stack running their dApps.
According to job recruitment firm Hired.com, the average blockchain developer salary ranges from $150,000 to $175,000 per year. Glassdoor reports that the average base salary of a blockchain developer is $ 91,715/yr.
Who is a Blockchain Architect
A Blockchain architect offers end-to-end solutions to its customers using Blockchain technology and helps develop an overall blockchain ecosystem engagement strategy.
An architect progressively makes critical decisions in terms of implementation, operations, and maintenance that define a specific direction for a system and act as a technical liaison between customers, service engineering teams, and support.
According to Glassdoor, the average blockchain architect salary ranges from $146,258 to $157,987. Neuvoo reports that entry-level positions start at $18,525 per year, while most experienced workers make up to $31,493 per year.
If you’re interested in working in the blockchain/crypto space, you should gain knowledge in programming languages related to open blockchain protocols such as Ethereum and learn solidity, a smart contract language. Moreover, if you want to work for financial firms, you should know how to create private blockchains. This is because the majority of financial firms rely on private blockchains, which are governed by a single entity.
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Conclusion: Start Your Journey with Blockchain Council
So if you want to become a successful blockchain developer/blockchain architect, then it’s a pretty golden time for you because opportunities are thriving.
Blockchain Council, a globally renowned online training and certification organization in blockchain space, is believed to be a one-stop solution for aspiring trainees to render the desired competence to have a successful career in this domain. It offers most in-demand certifications, especially in the cryptocurrency and blockchain domain. Such training and certifications focus on making the concepts accessible to those who have little prior knowledge of blockchain technology.
To get instant updates about blockchain certifications and become a blockchain expert, check out Blockchain Council.
Blockchain Career Path with Salaries- A Complete Guide