Author: Jagdish Kumar, India
India being a leader in software development globally has not fared well in blockchain technology skills development.
A recent study done by outbound hiring startup, Belong have found that out of 2 million software developers India have only 5000 or 0.5% have blockchain technology development skills.
The report said that the study was done among software professional that included three main parameters including data science, algorithms and cryptography.
Of the 5000 highly-skilled the study also found 10000 developers have rudimentary skills in blockchain, whereas another 30,000 software developers have some knowledge in blocakchain back-end technology but require extensive training and up skilling to be hired as an blockchain experts.
On the hub for blockchain development in India, the study said that Bengaluru is the leader and hub for blockchain developer talent followed by National Capital Region (NCR), Mumbai, Hyderabad, Pune and Chennai.
Belong co-founder, Rishabh Kaul commenting on the study said that the demand for blockchain experts is only expected to grow in the coming months.
At the convocation of an agricultural university in Jammu & Kashmir, Indian prime minister, Narendra Modi said that blockchain technology will be used for betterment of agriculture sector.
Apart from crypto currencies, blockchain is showing promises in industries such as manufacturing and distribution, virtual gaming, music, Kaul added.
Last month, Indeed.com has in its report said that there are huge opportunities in blockchain sector and the global market for blockchain-related products and services is expected to reach USD 7.7 billion in 2022.
Over 36% of all the blockchain job postings in India were from Bengaluru, followed by Mumbai, Hyderabad, Pune and Chennai, making up the top five destinations for blockchain careers in the country.
The job role that are in great demand are blockchain developer, blockchain system architect, blockchain software engineer, among others.
The report also said that with Indian government looking positive toward blockchain technology, there is a positive growth and development in the sector.
The government institution, National Institution for Transforming India (NITI) Aayog’s pilot project in blockchain, IndiaChain, will also help in generating job opportunities in the sector.