With the shoot of bitcoin value in recent months, one industry that has caught everyone’s attention is the cryptocurrency/ blockchain technology. Does it then make sense to find an opportunity in the world of Crypto? And, have you been wondering if you need a degree to showcase your mastery of blockchain technology?
“No,” said Columbia University adjunct professor Omid Malekan. “Because that almost doesn’t exist,” he added.
Blockchain, a digital ledger software that tracks the global flow of all transactions in Bitcoin, has been mentioned as the top-demanded hard skill in the job market in 2020, according to an annual report in January. Malekan, a blockchain consultant for clients like Citi who teaches an MBA course on blockchain and cryptocurrencies has said in interviews that demand far outstrips supply in job postings at both crypto and non-crypto-native companies.
Even though the job market may have shifted during the COVID-19 economic downturn, it is being seen that startups are hiring aggressively for engineering help. Businesses including Walmart and JPMorgan are increasingly experimenting with new blockchain initiatives where people from non-technical are needed.
Professors, students, recruiters, and startup founders all say the same thing: formal education isn’t what it takes to get a job in this sector. The pandemic’s stress on the university business model has made the payoff of a blockchain education even more questionable. Instead, according to the experts, what these companies look for in new hires is firsthand experience such as the ability and experience of interacting with the blockchain, investing in bitcoin, or yield farming on Ethereum.