Blockchain Developers' Salary Exceeds Income Of IT Specialists By Almost 30%
According to a report published by Hired, a global job search website, the salary of blockchain developers rose sharply reaching $150,000–175,000 a year, CNBC reports.
The average annual earnings of an IT specialist are about $135,000, while blockchain specialists receive their salaries on a par with developers in the field of artificial intelligence. The demand for experts in this sphere is increasing enormously in the labor market due to the intensive development of blockchain technologies.
Mehul Patel, CEO at Hired, states that requests for blockchain specialists are being received steadily, and the developers in this area are in short supply, which leads to an even greater increase in salaries. Since 2017, the demand for such specialists has grown by almost 400%, even despite the bear market trend.
Blockchain specialists have become even more in demand in connection with the development of decentralized projects by such large tech companies as Microsoft, Facebook, and Amazon.
It also follows from the report that the majority of IT vacancies include standard requirements in this area: database development, knowledge of several programming languages, and creation of design solutions. Employers also outline experience with blockchain and the skill of calculating cryptographic hash functions as the preferable characteristics for specialists in decentralized technologies.
The report by Hired was drafted based on 420,000 requests for interviews with matching candidates from 13 major cities around the world. New York, San Francisco, and London offer the highest salaries to candidates.
As previously reported, the number of blockchain vacancies increased significantly in the US labor market in 2018.