When someone hears about Bitcoin and other cryptocurrencies, their initial impression would be another means of payment. Bitcoin rose to popularity in the late 2000s because of the investment opportunities it offers to many.
As years go by, people then see how its underlying technology, blockchain, can shape the future of many industries.
Since cryptocurrency and blockchain technology began disrupting major firms into small-scale businesses, more potential careers have appeared in the line of job boards. Its practical applications are also deemed to be beneficial to leveling up traditional recruitment.
In this article, we will briefly discuss the role of blockchain technology and cryptocurrency in improving the human resource industry and what exciting changes we are about to see soon!
What is Cryptocurrency? What is Blockchain Technology?
Cryptocurrency is a virtual currency that does not have a central issuing or regulating body and instead depends on encryption to prevent counterfeiting and fraudulent activities. To function, it is supported by blockchain technology.
The blockchain is an immutable (unchangeable) distributed digital ledger (a digital record of transactions or data held in several locations on a computer network) with many applications beyond cryptocurrencies. Its two features are immutability and distribution.
You can always trust the ledger to be correct because of its immutability.
The blockchain is safe against network assaults since it is distributed.
How can Cryptocurrency and Blockchain Technology impact firms today?
Before hiring someone in an open job position, the recruitment team must be keen on checking out the candidates’ profiles and records—yet for some doing the crucial task manually, may take a lot of time.
This challenge has offered solutions from both cryptocurrency and blockchain technology.
HR experts might expedite the screening process and move recruiting procedures ahead more quickly if employment and criminal histories were kept in a blockchain ledger and therefore devoid of the potential of falsification.
As the cryptocurrency industry becomes more relevant, a large number of job openings seek software developers and engineers and other related jobs in the field.
Many cryptocurrency companies are fighting for top talents, prepared to offer increased compensation, remote work options across the world, and other exciting incentives.
In 2019, there were 1,135 crypto and blockchain jobs advertised on the website of Cryptocurrency Jobs.
Engineering positions continue to dominate the crypto industry, as they have in past years.
What kinds of companies are hiring crypto experts and specialists?
Companies like eBay, Uber, BlockFi, JPMorgan, and Blockchain.com have all gotten in on the game, looking for individuals that have “bitcoin” or “blockchain” on their resumes.
According to a recent job posting, Amazon.com, although it does not accept any cryptocurrencies as payment for its products at the moment, is hiring for a digital currency and blockchain expert.
Below are the types of companies that are currently looking for employees with knowledge and experience in cryptocurrency:
- Start-ups – cryptocurrency aficionados and business professionals that see the value and inventiveness of blockchain generally run start-ups. They will, in turn, develop exchanges, wallets, cryptocurrency news, topical blogs, and more.
- Tech Companies – tech companies are scrambling to incorporate cryptocurrency and blockchain technology into their systems since they can reflect how forward-thinking a firm can be.
- Governments – blockchain technology can help to automate time-consuming and often costly procedures. Countries such as Estonia have begun to integrate blockchain into their existing processes.
Who are they hiring?
The cryptocurrency industry is fundamentally technology-based, which means (as mentioned above) engineers, software developers, and programmers are in great demand.
Although some might have little experience with cryptocurrencies and blockchain technology, they will also have to learn new programming languages like Ripple’s or Ethereum’s Solidity besides Java or Python.
Here are the examples of cryptocurrency jobs in demand:
- Security Engineer
- Crypto/Blockchain Analyst
- Blockchain Developer
- Software Developer
- Crypto/Blockchain Content Writer
- Blockchain Consultant
- Crypto Trader
Important note: Bitcoin has rewarded some investors, but the world’s most popular digital money is very volatile. If you are considering investing in Bitcoin, you should conduct some research beforehand.
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