Blockchain Engineer Earnings Have Risen to Over $150,000 a Year, According to Report

Despite what one may think about the emerging decentralized market, there’s no shortage of money being pumped into it. Even if investors aren’t making a ton compared to last year, those working in the back end of blockchain are doing quite well for themselves.

A Rise In Potential

According to CNBC, blockchain engineers are bringing in an average of $150,000 to $175,000—much higher than the $135,000 average of traditional software engineers.

This information comes from Hired, a technology recruiting firm based in San Francisco. The company used data from its own hirings to conclude these statistics.

Hired reveals that salaries for blockchain engineers are near the same as those looking into artificial intelligence, while also being higher than any other engineering position.

These numbers shouldn’t be too shocking. A variety of tech giants have been very open about their interest in the blockchain. Microsoft and IBM have been two of the most vocal, so anyone looking into blockchain development should have no problems finding a job.

Late last year, Hired included blockchain positions to its services. In the following months, the group saw engineer job postings increase by 400 percent. Mehul Patel, CEO of Hired, commented on the uptick:

“There’s a ton of demand for blockchain. Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher. There’s a mindset here of taking a long-term view of planning. If you’re going to build blockchain technology, you have to get that talent.”

Dustin Welden, principal blockchain engineer at Globys, revealed that when he updated his job title, “it became relentless.” Welden continues, “I get interview requests every day on LinkedIn now.”

More and more engineering positions are taking on the blockchain modifier, says Hired. Those looking to involve themselves in the industry should know database design, cryptography, and networking to name a few skills. Otherwise, these engineers should also know numerous programming languages, including JavaScript, Java, C++, Python, and Ethereum’s Solidity.

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