According to a recent study, 5,000 Indian software developers currently have the skill sets to work on cryptocurrency and blockchain projects. 10,000 more developers can be easily trained but an additional 30,000 would require extensive training.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
5,000 Developers Qualified
A recent study by HR company Belong shows that, out of an estimated two million software developers in India, about 0.25% of them have the skills to work on cryptocurrency and blockchain projects, the Times of India reported this week. The study was conducted on two million software developers over the last year. The company found that only 5,000 of them have the necessary combination of skills such as “data science, algorithms and cryptography” to be qualified to work with cryptocurrencies or blockchains.
However, companies are facing challenges in finding qualified developers, Belong’s study revealed. Kaul explained that the demand for developers with the right skill sets needed for projects related to cryptocurrency and blockchain technology is expected to grow further, adding that:
Developers must essentially have skills in data science, algorithms and cryptography to work on such platforms.
Popular Demand
Earlier this month, freelance employment website Upwork released its Q1 2018 skills index. “The Upwork Skills Index ranks the site’s 20 fastest-growing skills in a quarterly series that sheds light on new and emerging skills as an indication of hot freelance job market trends,” the company described. Blockchain tops the top 20 fastest-growing skills in the time period, the company detailed, adding:
Its growth exceeded 2,000% for three quarters in a row on Upwork.com, and in Q1 it experienced more than 6,000% year-over-year growth, making it the fastest-growing skill out of more than 5,000 skills on the site.
What do you think of the number of qualified Indian developers? Let us know in the comments section below.
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Source: Bitcoin.com