Labour market study: Germany among the world’s leading Bitcoin formula job providers
The job search engine Adzuna presents a new study on the share of blockchain employees in the international labour market. According to the study, Germany is well positioned when it comes to blockchain jobs: Approximately 0.15 percent of employees in this country work in the industry.
On Tuesday 4 December, BTC-ECHO will report on the status quo of the crypto-related job market. The investigation was conducted by the US job portal Glassdoor. As a result, the authors only examined the blockchain job market on the other side of the Atlantic.
A new study published by BTC-ECHO, however, shows how the block-chain-specific labour market is decided worldwide. In this labour market study, the job search engine Adzuna in cooperation with Robert Küfner of nakamo.to has searched a total of 348 million LinkedIn profiles against the background of listed blockchain skills. The results at a glance.
Bitcoin formula ranks third internationally
Only the Netherlands and Austria have more workers employed in Bitcoin formula and distributed systems than Germany in relation to total employment. In each of the two countries, 0.16 percent of employees are employed in Bitcoin formula, crypto currencies and distributed ledger technology (DLT). In Germany, the share of blockchain skilled workers is 0.15 percent and thus only just in third place.
Worth mentioning, however, is the placement of the USA. In terms of DLT, the world’s largest economy is a developing country. There, the accumulated labour force potential is around 151 million, of which only 90,420 are in gainful employment and claim to have DLT knowledge. This corresponds to a share of just 0.06 percent.
Land of milk and honey for skilled workers
According to the study, skilled workers in Germany now have a comparatively easy time finding a job. This is because – purely statistically – there are only 18 potential applicants for each vacancy. This is undercut only by France with 13 and Russia with nine skilled workers per vacant position.
Of a total of 598,370 job advertisements in Germany, exactly 699 are currently aimed at DLT specialists, i.e. 0.12 percent. Only India (0.16 percent) and France (0.15 percent) are slightly above this figure.
Crypto Valley Berlin
The results of the BTC-ECHO study on the state of the German blockchain ecosystem confirm the Adzuna study: Every fifth German blockchain expert comes from Berlin. In addition, 20 percent of the companies looking for blockchain experts are located in the German capital. Berlin is and remains the crypto capital par excellence.
Inja Schneider, Germany manager at Adzuna, summarizes the results as follows:
„The results of our study clearly show that there is also a need for workers in the blockchain sector in Germany. A major advantage for applicants is that Germany has comparatively low competition, as there is no surplus of skilled workers, as is already the case in India and the USA, for example. Those who deal with the topic at an early stage can look forward to the best chances for a job with future prospects“.
On the BTC-ECHO job portal there are also a number of employers who are looking for experts in blockchain and distributed systems. It’s worth taking a look.