According to a recent study, 5,000 Indian software developers currently have the skill sets to work on cryptocurrency and blockchain projects. 10,000 more developers can be easily trained but an additional 30,000 would require extensive training.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
5,000 Developers Qualified
A recent study by HR company Belong shows that, out of an estimated two million software developers in India, about 0.25% of them have the skills to work on cryptocurrency and blockchain projects, the Times of India reported this week. The study was conducted on two million software developers over the last year. The company found that only 5,000 of them have the necessary combination of skills such as “data science, algorithms and cryptography” to be qualified to work with cryptocurrencies or blockchains.
Belong co-founder Rishabh Kaul asserted that “India does have the potential to train another 10,000 developers” with prior experience in the fintech industry so that they are equipped with the proper skill sets to work on cryptocurrency projects. However, he noted that another 30,000 software developers who have worked “in back-end tech roles” still “require extensive training and upskilling” before they have the proper skill sets to work as blockchain experts on crypto projects.
However, companies are facing challenges in finding qualified developers, Belong’s study revealed. Kaul explained that the demand for developers with the right skill sets needed for projects related to cryptocurrency and blockchain technology is expected to grow further, adding that:
Developers must essentially have skills in data science, algorithms and cryptography to work on such platforms.
Popular Demand
The number of companies looking to enter the cryptocurrency space is increasing. Burning Glass Technologies wrote in October last year that “because of its connection with ‘cryptocurrencies,’ blockchain
