Support the technology or not, blockchain knowledge is now being sought after. According to the firm, Hired, blockchain engineers are now making between $150,000 and $175,000 which is above the $135,000 salary of a typical software engineer in San Francisco. The wage which blockchain engineers earn is equivalent to that which developers who specialise in artificial intelligence can expect to achieve.
Mehul Patel, CEO of Hired, speaking to CNBC, said:
“There's a ton of demand for blockchain. Software engineers are in very short supply, but this is even more acute and that's why salaries are even higher.
There's a mindset here of taking a long-term view of planning. If you're going to build blockchain technology, you have to get that talent.”
So while the jury is out on whether investments in blockchain-based products like cryptocurrencies will see a beneficial return, those building products with the blockchain backbone certainly are getting a hefty reward for their efforts.