Although the Reserve Bank's mandate written on a press release recently may have virtually closed all doors for bitcoins and virtual currencies in the country, but fresh avenues certainly are open for job seekers.
Data from jobs site Indeed suggests that blockchain related jobs are increasing in the country. This job growth is contributed majorly by tech-city Bengaluru which is contributing to over 36% of blockchain jobs across the country. Erstwhile financial capital of the country- Mumbai comes second best followed by Hyderabad, Pune and Chennai for blockchain careers in the country.
The report further found that number of cryptocurrency and blockchain related jobs posted on the Indeed website witnessed significant jump in the latter half of 2017. Popular job openings include roles such as blockchain developer, blockchain system architect, blockchain software engineer, among others.
"Technology hubs like Bengaluru and Hyderabad continue to lead, while the national capital region is also seeing a fair share of interest in the sector. 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," said Indeed India's Managing Director Sashi Kumar.
The report further states that cities like New Delhi, Gurugram, Noida, and Mohali are also contributing to newer job postings. But a major volume is from the South.
The growth in blockchain related sectors is only going to rise thanks to projects such as IndiaChain, NITI Aayog's pilot project in blockchain.
According to Indeed's report, the government's approach towards understanding and exploring the possible applications of blockchain technology, is a favourable development that will be a positive for the sector's development.
"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," added Kumar.