Despite the first use case of blockchain for cryptocurrency transactions, it has a wide variety of applications these days. Smart Contracts, Financial Services, Secure Information Exchange, and Data Storage Management are just a few examples. Since blockchain is being implemented across many industries there has been significant growth in investment in blockchain startups. Blockchain startup companies around the world received 2.6 billion U.S. dollars in venture-capital funding collectively in the first quarter of 2021 alone, which is more than the whole year of 2020. Based on the reports, many public companies have entered the blockchain technology competition where they are actively developing blockchain solutions. Microsoft, Amazon, Tencent, Nvidia, J.P. Morgan, Walmart, Alibaba, PayPal, Samsung and the Bank of China are among many worldwide companies with live blockchain operations.
In August 2020, Indeed.com showed more than 2500 jobs in California for blockchain professionals. It also showed that job openings in blockchain have increased 118% from September 2020 to July 2021. Investments in decentralized finance, non-fungible assets, and bitcoin hits are mainstream of such growth in the job market. Projected growth of the blockchain market has been estimated to be $67.4 billion by 2026 according to Markets and Markets.
The following table shows some of the job titles and average salaries for blockchain technology in 2020 in various public and private industry sectors.
| Job Title | Average Salary (2020) |
|---|---|
| Blockchain Developer | $117,711 |
| Blockchain Architect | $114,763 |
| Blockchain Project Manager | $106,891 |
| Blockchain Designer | $107,500 |
| Blockchain Quality Engineer | $117,000 |
| Blockchain Consultant | $31,794 |
| Blockchain Legal Consultant | $190,000 |
| Blockchain Engineer | $70,483 |
| Blockchain Analyst | $93,450 |
