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Blockchain startups face skill shortage
- By Atul Bansal
Feb 25, 2019
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Blockchain startups face skill shortage
Blockchain start-ups companies are facing a shortfall of skilled professionals as bigger corporates are tapping the available talent pool with better packages while some small firms are prompting freelancers to experienced professional. According to available data, India has around 1,500-2,000 professionals on blockchain technology, only 200-400 are actually skilled in the core architecture.
Building applications can be an easy task for a developer, but building it from the core is a major challenge. Hiring developers with skillsets including token programming, cryptography, and full-stack developing is quite difficult. Globally, while experienced freelancers are charging about $20-30 hourly, in India the starting range is $35-40 per hour. Globally, there are around 10,000 skilled professionals in the blockchain industry.
Many blockchain start-ups as well as big corporates are also arranging training in-house for their employees.