The key to the talent gap we are witnessing in the blockchain sphere is education; the key to airtight code is extensive testing and peer reviews. æternity blockchain covers both grounds.

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æternityFollowMay 22

Despite Rising Salaries, a Huge Talent Gap Remains

To the layman, the concept of blockchain is in itself, intimidating. For developers outside the industry, the thought of shifting to a new, unfamiliar environment where fundamental paradigms related to security and code mutability are altered is daunting.

This aversion is completely understandable. Popular media is riddled with news about exchange hacks, DAO debacles, smart contract bugs resulting in millions of dollars in losses. In total, reports suggest that due to these issues around $1.7 billion were lost in 2018 alone.

So while salaries are skyrocketing for developers in this space, many prefer the safety of the code they are used to. There are definitely professionals who are taking a “leap of faith” by entering the blockchain industry, but there’s still not enough technical competence in the space to go around. In fact, 94% of Fortune 500 companies are anticipating a talent shortage in the industry.

Many have argued that the key to bridging this talent gap is through education. This is undoubtedly true. But first, we need developers to be interested. And for them to be interested, we need to demystify blockchain programming and address the biggest fears developers face when tinkering with next-generation applications that combine openness and trustlessness. It is, after all, a radical deviation from what the world had gotten used to.

For developers who have been involved in this “decentralization revolution”, coding blockchains and developing new types of applications is both challenging and inspiring — even liberating.

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