OKX, LinkedIn co-report imbalance on global blockchain industry talent supply and demand

KUALA LUMPUR, Aug 12 (Bernama) -- OKX, a leading cryptocurrency platform and LinkedIn, the world’s largest professional network, have co-authored a report that highlights the imbalance between the supply and demand of qualified talent in the global blockchain industry.

The in-depth research, based on LinkedIn’s exclusive big data analysis, took data from 180 countries in the period between January 2019 and June 2022.

According to a statement, it covers the blockchain sector as well as sub-industries that include the cryptography, quantum computing and distributed ledger sectors as well as more than 15 other related sub-industries.

The report reveals that as of June 2022, the supply and demand of talent in the global blockchain field are out of balance, with qualified candidates in short supply.

The total number of LinkedIn members working in the blockchain field has increased by 76 per cent year-on-year, but the major countries that blockchain sector candidates have traditionally come from are experiencing negative talent growth.

The research also shows that the demand for core talent has shifted from financial-oriented to candidates with technical skills. In terms of number of job postings, research and development specialists top the global demand, followed by information technology.

From the perspective of recruitment demand, financial candidates are now ranked in the sixth position.

Another challenge highlighted by the report involves the short tenure of candidates where the average tenure of global blockchain talents is 1.2 years and the high turnover rate.

The report also shows that in addition to the influx of talent from traditional financial and technology companies, talent movement in the global blockchain industry is mainly based on intra-industry flow.

-- BERNAMA