The demand for digital currency continues to grow—and so does the demand for cryptocurrency jobs. Bitcoin, the most famous cryptocurrency has been one of the hot topics of discussion for a couple of years now. Crossing a valuation of $1 Trillion and giving a return of 541.22% this year (YTD) it has captured the interest of many minds. In this post, we will look at the trending blockchain and cryptocurrency jobs in India.
Cryptocurrency Jobs in India
By Pavan Somwanshi
The world of crypto has been in existence for a little more than a decade now and it has been extremely rewarding for investors as terms such as “Crypto Billionaire” are in place. As the industry progresses there will be the emergence of various specializations to meet the demands of cryptocurrency companies.
This fintech industry involves both basic technical roles and soft skill-based roles such as “Client Relations”, the rate of pay is generally way higher form what you can expect from other sectors. Before looking at job profiles or positions it is important to know the skills required in this profession that will help you deliver value.
Growing Demand for Blockchain and Crypto Professionals in India
The Blockchain Era has arrived in India. Enterprises across various sectors of the industry are warming up to the concept of the decentralized ledger.
Today, Blockchain is one of the fastest-growing skill sets with jobs in this domain growing at a mindblowing rate of 2,000-6,000% and the salaries of Blockchain Developers being 50-100% higher than conventional developer jobs.
While the employment opportunities in Blockchain are many, there’s a limited talent pool in this domain. The demand for Blockchain techies, particularly Blockchain Developers in India is not only being created by the BFSI sector, but also by healthcare, education, supply chain management, cloud computing, stock trading, real estate, and even government agencies.
Skills required for Cryptocurrency Jobs in India
Knowledge of Blockchain
A fundamental understanding of Blockchain technology is the bare minimum one should possess. Knowledge about principles of blockchain, systemic dynamics, uses, and applications will help you better find your stand in the crypto world.
A majority of cryptocurrency jobs are technical and therefore require an individual to have programming skills. Professionals in jobs such as blockchain developers or blockchain data analysts use languages like C++, Java, and Scala for their blockchain operations.
Public key cryptography, elliptic curve signatures, etc are concepts an individual should have knowledge about when looking for jobs related to security in the crypto space. One such job is of a Security Architect wherein you would be responsible for the security of the company and its products.
Operating with tons of data is very normal in crypto-related jobs, being able to develop an understanding to make sense of it is essential, as the application of this data will be done in most business operations.
User experience design is a popular career path in itself and is also of high importance in the crypto space. Creating an interface with maximum efficiency and functionality while being aesthetically pleasing is the job of a UX designer. This skill can be beneficial for individuals who don’t what to be involved in the back end side of crypto programming. Read more about the Importance of UX-UI Design in FinTech.
Formal education in this particular area of expertise is necessary as you are usually required to have appropriate licences and certification.
Along with these technical skills you are required to have soft skills such as creativity, persuasion & the will to always learn.
Top Cryptocurrency Jobs in India
This is one of the most in-demand jobs in the crypto world, industries and companies are taking steps towards integrating cryptocurrencies into their companies. Companies like IBM are looking for blockchain developers to keep a track of crypto transactions.
As discussed before developers are required to have knowledge of cryptography and data structures to design network architecture helping them keep track of all the transactions. As this skill is very recent and there’s a high increment in jobs, this has caused scarcity of professionals, and hence finding a high-paying job in this space isn’t very difficult.
Professionals designated as blockchain scientists are required to have a knowledge of almost everything about and around crypto. Their job is to help companies understand and integrate crypto into their current operations.
Mastercard is one such company that has integrated crypto into their system and accepting crypto transactions. Many companies are planning to involve Bitcoin as a mode of payment in their transactions, Tesla the electric car company has already accepted Bitcoin in payment.
This job is a perfect fit for someone who is naturally curious about data and enjoy using it to solve real-world problems. You would be involved in data mining, and data visualization to draw out leads that could be used to improve bussiness decisions. Most data analyst professionals are from a STEM background. Data analyst are also required to have good communication skills as most of the time they would be working with product or market teams. Both the demand and reward for this job are high.
With time, as more people become aware of the existence of crypto there would be a need to have financial consultants. Not just private individuals but big companies that are now planning to integrate cryptocurrencies into their working need an understanding of the work, stability, and reliability of different currencies.
Bitcoin, currently top in the charts is the first choice of many but there are more currencies better satisfying specific topics, and keeping a track of each of them isn’t possible for everyone and that’s where the role of a financial consultant comes in.
Cryptocurrency companies that raise capital are very often than not in need of a client relations specialist. From the period of development until the value proposition, client relation professionals will need to keep the investors and other individuals involved in tabs with the progress and operation.
Also to make sure investors are happy and in place and to prevent them from suddenly backing out client relation specialists are essential.
Soft skills are a huge part of this job making it a good choice for someone who is not very technically ambitious.
Blockchain and Cryptocurrency Salaries in India
Usually, the salary of a Blockchain Developer in India ranges anywhere between Rs. 5,00,000-30,00,000 LPA.
If a professional has around three years of Blockchain experience, the annual remuneration can be as high as Rs 45 Lacs or even more.
Senior-level salaries for technology roles (without Blockchain expertise) were around Rs 1.5-2.5 crore in 2018. However, as the need for security has increased considerably across various sectors, particularly the BFSI sector, companies are willing to pay over Rs. 4 crores to senior-level Security professionals and Blockchain techies.
Future of Cryptocurrency Jobs
Blockchain is a young technology jam-packed with opportunities many of which we are not aware of, and therefore is a promising career choice. As many call it “the technology of the future” you can rely on a career related to this field for a long time. Today is just the beginning.
Featured Image Source: Tech Republic