Cryptocurrency Firms Face a Talent Shortage as the Space Grows Crowded
Cryptocurrency companies and exchanges are currently facing significant hurdles when recruiting talent. This is because the crypto space is growing at an alarming rate. Traditional finance companies entering the scene seem to be making the talent squeeze even more dire. There are hundreds of positions available at cryptocurrency-based companies waiting to be filled. The Crypto Talent Squeeze Is Real Cryptocurrency companies are struggling to get adequate talent for thousands of available job openings, and companies are fighting for the attention of potential employees left and right.....
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"We're hiring, just like everyone, hiring aggressively for the right people." According to PwC FinTech director Jeremy Drane, the number one issue facing the blockchain industry today is a lack of talent, a declaration backed up by statements from the firm's peers. A blockchain hiring crunch is now hitting the major professional services firms as they seek to satisfy the growing demand for products and services from global financial institutions and businesses. In interviews, global consulting firms Deloitte, KPMG and PwC indicated that they're currently seeking to hire....
In the race to adopt Blockchain technology and cut costs, financial firms have to deal with multiple challenges. Japanese financial firms have been hit by the most basic of them of all – a shortage of technical experts. Japan – regulation a positive. The Japanese government has been active in regulating cryptocurrency-based companies. A new law has been passed regulating Bitcoin exchanges, after the Mt Gox debacle. The Japanese Government passed a bill in May 2016, which recognized that virtual currencies have a function similar to money. Japan has also eased regulations, now allowing....
Crypto firms pursuing global expansion agendas are having to compete to attract the limited number of top talent to fill job positions. The skills shortage among crypto’s specialized workforce is causing significant competition among businesses to secure the right talent for their organizations.According to Bloomberg, crypto firms are finding it somewhat difficult to find the right candidates to fill job openings as these firms look to expand their operations across the globe.The competition for skilled and experienced candidates is not alone among crypto-natives but also with legacy....
With the amount of activity happening around Blockchain technology, companies are now hiring individuals with Blockchain related expertise, mainly including developers, security experts and business consultants. Due in part to the relatively new emergence of the technology, businesses are now competing with one another to access this talent due to the lack of supply. The war for talent will only get worse unless we train more people globally, including going back to the grassroots of society, whereby universities begin the introduction of Blockchain and cryptocurrency courses as part of a....
The cryptocurrency industry is expanding at a fast pace. Hundreds upon hundreds of projects are being launched on a daily basis, promising to become the next big thing. While some of these startups make strides to expand the utility of their networks, others are trying to gain some visibility in such a crowded market. It […]