Strong Demand for Crypto Experts on the Russian Labor Market

The crypto labor market in Russia is experiencing growth. Several months ago, the RF Ministry of Labor and Social Protection received a request by representatives of the industry to officially introduce a “professional holiday” for specialists and experts working in the field. That hasn’t happened yet, but the department promised to look into the proposal.

Competition for qualified crypto and blockchain professionals has been increasing globally, too. Recently, the social network Linkedin announced that from the start of 2018 until mid-May 4,500 postings on the platform have contained any of the following keywords: blockchain, bitcoin, cryptocurrency. Linkedin said that’s 151 percent more than in the whole of 2017. In December, it reported more than 500 percent increase in the listing of skills pertinent to cryptocurrency.

The popular freelancing platform Upwork has also witnessed a spike in the job ads from the blockchain industry last year – a 2,625 percent increase when compared with 2016. According to the US-based platform Toptal, specializing in posting job opportunities for IT specialists, the demand for blockchain developers has jumped by 700 percent. Earlier this year, IBM announced it was hiring 1,800 IT experts, including specialists knowledgeable of blockchain.