According to PwC FinTech manager Jeremy Drane, the number one problem confronting the blockchain industry today is a lack of ability, a declaration backed up by statements from the firm’s peers.
A blockchain hiring crunch is now hitting cryptocurrency professional services companies as they attempt to fulfill the growing demand for products and services from global financial institutions and businesses. In interviews, international consulting companies Deloitte, KPMG and PwC indicated that they’re currently trying to train or hire workers for this region of experience.
“Deloitte is about to hire more than 25,000 people in 2016, which involves hiring across all the regions where we innovate with our clients,” Eric Piscini, the chief of the Deloitte global cryptocurrency centre, said.
Drane likened the surroundings to the days of the early Internet, where companies sought to educate new workers on what was then an emerging technology.
“we would like to develop people tirelessly about what blockchain is, however, we are also hiring outside of this company,” Maguire said. “There are not tons of people around who have this kind of expertise.”
Drane proceeded to indicate that a large issue facing his firm and other people is that professionals that are qualified for roles are sometimes too technical.
PwC, he explained, is searching for individuals that have technology and business experience so that it may continue to help clients focus on use cases to research and commercialize the technician.
“For us, we are looking for individuals who cut across all domains, and also there are not a lot of individuals around,” he said.
Drane suggested that this is a crucial reason for PwC’s choice to attack partnerships with industry tech companies including Blockstream, Digital Asset Holdings along with Eris Industries.
Piscini stated Deloitte is looking to employ people with varied skill sets, affirming that, when it comes to blockchain, technology is “not merely a technology challenge”.
“We are looking for very specific skills in that area, particularly on cryptography, design, software engineering and integration,” he explained.
This talent crunch can be affecting the business’s startup community in that they’re needing to improve their pitch to prospective hires.
At the time, Roszak highlighted that Bloq could seek to maximize employee benefits, letting them work on a dispersed basis.
“Salary, equity, infinite holiday, a work life balance is really key, and it’s definitely going to be a entire package,” Roszak told CoinDesk.
However, Michael O’Loughlin, that directs CGI Group’s blockchain development, sees the hiring crunch as an extension of existing challenges from the financial sector.
In accordance with O’Loughlin, the developing support for blockchain engineering comes at a time when banks and consulting firms happen to be experiencing challenges attempting to replace incoming professionals.
“Lots of those systems legacy systems, cable payments systems, a number of the people in the bank who own the applications with our support in the background are retiring,” O’Loughlin explained. “There has not been many succession planning schemes in the banks for these roles.”
In terms of how that benefits blockchain, Deloitte’s Piscini perhaps insisted the sector could immediately benefit from such challenges.
For instance, he explained technology stays fast-moving, meaning lots of businesses are reticent to begin exploring the business.