A new report by prominent global job site "Indeed" says there is high demand for professionals in the blockchain sector across the metro cities in India.
According to the report, the number of cryptocurrency and blockchain related jobs posted on their website witnessed a significant 290 percent jump in the second half of 2017. Recruiters were mainly looking for Blockchain Developers, Blockchain System Architects, and Blockchain Software Engineers.
The southern city of Bengaluru leads in terms of opportunities in the blockchain sector, with over 36 per cent share of job openings in India.
Mumbai, Hyderabad, Pune, and Chennai are the other hot spots for blockchain careers in the country.
Firms in North Indian cities such as New Delhi, Gurugram, Noida, and Mohali also look for blockchain experts, the report noted.
There is high potential for job opportunities in India's Blockchain sector, with the government's approach towards understanding and exploring the possible applications of blockchain technology.
Although the government has started a crackdown on the country's cryptocurrency market with a number of regulatory measures this year, the Reserve Bank has set up a panel to explore the possibility of introducing official digital currency.
While the popularity of crypto currencies such as bitcoin is rising in India, the blockchain technology is supporting a number of applications ranging from monetary transactions to legal documentation.
"With the global market for blockchain-related products and services is expected to reach USD 7.7 billion in 2022, there are sure to be even more jobs created in the sector in the future," according to Indeed India Managing Director Sashi Kumar.
"While we still have a lot to learn about Blockchain technology, given the enormous scope of its application, interest for Blockchain roles is here to stay," he added.
On the other side, Cryptocurrency exchanges in India have witnessed a deep fall in trading on bitcoin this year, with the corresponing crash in its value since December 2017 when it reached a peak price of $ 19,535.
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