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A huge rise in the number of jobs in the field of blockchain and cryptocurrency in Asia

A huge rise in the number of jobs in the field of blockchain and cryptocurrency in Asia

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Answer A huge rise in the number of jobs in the field of blockchain and cryptocurrency in Asia

The belief that blockchain technology and digital currencies are capable of developing the global economy, prompted many countries, specifically in the continent of Asia, to work to be a leader in the field of modern technology, which led to a rise in the number of jobs related to the field of blockchain and digital currencies.

We saw that a number of leaders, such as Taiwanese Congressman Jason Hsu, started a campaign in collaboration with industry leaders to define regulations and legislation that would facilitate the use of blockchain technology and digital currencies with the aim of driving economic growth in the country.

Read:Australian myCryptoWallet platform suspends services

On the other hand, we find a country like China, which decided to take a different direction so far and started banning Initial Coin Offerings (ICOs) and shutting down the leading cryptocurrency exchanges.

However, we saw that many of the affected platforms expanded their business after moving from China to other Asian countries such as Japan, South Korea and Singapore.

This enthusiasm about the blockchain industry in Asia has led to a rise in the number of jobs related to the field of blockchain and cryptocurrencies with the rise in the number of startups in this field.

Rapid growth in blockchain and cryptocurrency jobs

Recruiting firm Robert Walters recently noted that the number of jobs related to blockchain and cryptocurrency has increased by 50 percent since 2017, and most jobs focused on candidates with experience in the Python programming language.

In addition, information from search engines shows the interest of many companies in India, Singapore and Malaysia in jobs related to blockchain and cryptocurrency.

Blockchain technology and the local economy

According to Robert Walter, there are few people who can have the necessary experience and knowledge of the details of blockchain technology, which has made us see many individuals move from their jobs in other industries to jobs related to blockchain and cryptocurrency.

Read:Billionaire “Mark Cuban”: I am a supporter of “Dogecoin” and I do not seek to get rid of it

Although the cryptocurrency market is experiencing turmoil this year, the role of blockchain technology is still important and popular all over the world.

What is the future?

The cryptocurrency and blockchain technology sector has been rapidly growing for a while, but the interest seems to be particularly prominent in Asia for several reasons.

Perhaps most importantly, some believe that cryptocurrency applications can facilitate and develop the $128 billion remittance industry in Southeast Asia.

The international money transfer industry is an important part of the national economy in Southeast Asia and a source of livelihood for many people, and many companies have started looking at how to take advantage of blockchain technology to revolutionize the industry.

Countries such as Hong Kong and India have also made advanced strides in experimenting with blockchain technology, attracting many talents looking for jobs related to blockchain technology and cryptocurrency to do so.

Read:The Korean government is investing 230 billion won in blockchain technology

Blockchain technology and Asia

India has undertaken many initiatives related to the blockchain field, such as the Eleven01 initiative, which aims to create an ecosystem for startups that helps them develop their businesses.

The authorities in Hong Kong have also released a list of jobs related to blockchain technology and cryptocurrency to facilitate immigration and obtain a work visa urgently.

In order to attract global talent to the region, many countries in Asia are looking for experts in different technical fields such as artificial intelligence, robotics and the Internet of Things.


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