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Blockchain Becomes The Hottest Skill To Have In 2020, Said LinkedIn

13/01/2020

Blockchain is the technology that make Bitcoin works.

While the cryptocurrency has had its ups and downs, blockchain as the underlying technology is simply having its best time. That according to LinkedIn.

In a blog post, LinkedIn listed “blockchain” as tech’s most sought after “hard skill” in 2020, in the U.S., UK, Australia, France, and Germany.

As a matter of fact, according to LinkedIn, the skill is more popular than cloud computing, artificial intelligence, and UX design.

"Blockchain was born in 2009 to support the use of cryptocurrency. But blockchain’s novel way to store, validate, authorize, and move data across the internet has evolved to securely store and send any digital asset. The small supply of professionals who have this skill are in high demand," said LinkedIn.

LinkedIn 2020
Credit: LinkedIn

This high ranking shows how rapid the technology is penetrating the business world, as blockchain wasn’t even on the list in 2019.

Because of this fact, the Microsoft-owned company urged recruiters to start familiarizing themselves with how “blockchain” works and what its perceived benefits are.

“[…] Companies seem to be saying that the potential [of blockchain] is worth the gamble,” LinkedIn continued. “Blockchain has become a line of business for a who’s who of the corporate world — IBM, Oracle, JPMorgan Chase, Microsoft (LinkedIn’s parent company), Amazon, and American Express, to name just a few.

"Blockchain is now being used in industries ranging from shipping to healthcare, from farming and food safety to entertainment and gaming.”

To come to this conclusion, LinkedIn ranked the most needed skills by looking at those that are in high demand relative to their supply. Demand was measured by identifying the skills listed on the career profiles of people who are getting hired at the highest rates.

LinkedIn then divided the skills into two groups:

  1. Hard skills: which include specialized knowledge and technical abilities to handle a specific task.
  2. Soft skills: all that are more about behavior and thinking, personal traits and cognitive skills.

This analysis was conducted to help recruiters understand what skills are most required for their firms to stay competitive. Linkedin’s Talent Blog head writer, Bruce Anderson, explained that:

"Blockchain has emerged from the once shadowy world of cryptocurrency to become a business solution in search of problems. Which means that you don’t have to be in financial services to be seeking new hires who have background and expertise in putting blockchain to use. So, recruiters should start becoming familiar with how blockchain works, what its perceived benefits are, and who are the people best suited to help your company explore where this budding technology might have a role."