Posted 2 years ago | by Ben Armstrong
LinkedIn Suggests Blockchain Will Be Most In-Demand Hard Skill in 2020
The business social media platform LinkedIn announced that a new study from its educational subsidiary LinkedIn Learning found that blockchain is a newcomer to LinkedIn’s annual list of top hard skills, and is now near the top of the list of the most-needed skills in 2020.
According to LinkedIn Learning, in 2019, blockchain overtook several major hard skills including cloud computing, analytical reasoning, artificial intelligence (AI), and user experience (UX) design to rise into first place in hard skill demands among global employers in 2020.
There is also a similar list of skills provided by LinkedIn Learning for 2019, titled: “The Skills Companies Need Most in 2019 – And How to Learn Them.” The list ranks cloud computing as the most in-demand skill of that year, which does not mention blockchain technology at all.
Other top hard skills in 2019 included AI, analytical reasoning, people management, and UX design.
Blockchain Skills are in Demand
The research from Linkedin defined 'demand' by analyzing skills that were in high demand versus their supply. Specifically, demand was measured by identifying skills listed on the LinkedIn profiles of people who were employed at the highest rates.
Hard skills require an employee’s ability to do a specific task and include specialized knowledge and technical abilities such as software development, tax accounting, or patent law expertise.
On the other side of the skills universe, soft skills describe how employees adapt, collaborate, solve problems and make decisions.
Big Potential for Growth
Blockchain technology has a lot to offer industry in terms of providing a cost and time-efficient, secure and decentralized method of tracking transactions of all types, which are outlined in the Linkedin blog post.
It highlighted that some high-profile global firms like IBM, Oracle, JPMorgan, Amazon as well as LinkedIn’s parent firm Microsoft have been actively implementing blockchain technology.
The post advises global recruiters to become more aware of blockchain technology:
“Blockchain has emerged from the once shadowy world of cryptocurrency to become a business solution in search of problems. Which means that you don’t have to be in financial services to be seeking new hires who have background and expertise in putting blockchain to use. So, recruiters should start becoming familiar with how blockchain works, what its perceived benefits are, and who are the people best suited to help your company explore where this budding technology might have a role.”
Blockchain has become a hot area for developers, and it looks like 2020 will see even more money put into the sector. This will likely lead to higher usage rates for the technology as the new decade unfolds.