US and China Compete for Blockchain Dominance

March 28, 2019

To the general public, blockchain as a technology is often associated or even viewed as synonymous with digital assets due to their strong connections, with blockchain being the underlying technology behind cryptocurrencies. This was especially true in late 2017 and early 2018 when digital currencies were experiencing massive growth, despite faltering amid the bear market that followed.

Nonetheless, many analysts believe digital currencies will continue to gain wider acceptance, as the public acquires a more complete and comprehensive understanding of blockchain solutions.

Data composed by financial group The Next Web has recently indicated that the United States currently appears to hold an edge over China regarding blockchain-related job growth, as the world’s two biggest economies compete for employment in the emerging sector.

Major U.S.-based companies have been leading the race in hiring those familiar with the technology, accounting for about half of the 5,711 blockchain jobs being advertised on employment website Glassdoor. The United Kingdom and India came second and third, respectively.

Of the employers accounting for the majority of these job openings, tech giant IBM features most prominently with nearly 110 vacancies. Other companies include Ernst & Young, Oracle, Deloitte, and PwC.

It should be noted that Glassdoor’s results may not be the most accurate metric for determining who is ahead in the blockchain job race, due to being a U.S.-based, English-centric site.

A report in late August 2018 showed China to be only a slightly behind the U.S. in the development of blockchain technology, with the former widely expected to overtake the latter over the next three to five years.

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