In this blog post, we will discuss the blockchain developer demands and also going see the Blockchain Developer Salary in different geographics.
Blockchain developers are quickly becoming one of the most sought-after professionals in the world and for good reason.
As more companies begin to implement blockchain into their business models, demand will continue to increase steadily over time.
With this in mind, we decided to look at blockchain developer salaries across the globe to get an idea of how much they’re making in different countries.
Related Article: How does the Blockchain Work? – Smart Contract, Ethereum
What is Blockchain?
A blockchain is a digital ledger of transactions distributed across a network of computers.
it’s essentially a database of every transaction ever made. as time goes on, more and more transactions are added to it, making up what is called a block.
each block is linked to a previous block by way of some computer-generated math, creating an unbroken chain back to the very first transaction ever made on that network – hence its name.
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Who is the Blockchain Developer?
It’s no secret that many of our daily activities are recorded and collected in some way, shape, or form.
From how we purchase food to where we go to school and even where we live, it seems like most people can be tracked in some way or another.
It is also no secret that with all of these recordings, there is a large potential for these details to be misused.
Blockchain developers are responsible for coding solutions to prevent such misuse of data while still allowing individuals their privacy online.
In other words, blockchain developers have made it possible for us to use technology without giving up our rights as humans.
Blockchain Developer Job Roles
Find out what it takes to become a blockchain developer and then get ready to work in one of the hottest technology fields today.
It has potential applications for everything from banking to real estate and healthcare, but early adopters are still figuring out where blockchain can really add value.
Interested in working as a blockchain developer? there are different job profiles in that like
- Blockchain Business Analyst
- Blockchain Engineer
- Blockchain Product manager
- Blockchain Security engineer
The Blockchain Developer Salary ranges between $80,000 to $160,000 with an average annual salary of $130,000.
Salary estimates are based on 192 salaries received from Blockchain Developers globally by Indeed India over the past 12 months through phone calls, emails, or chats.
Blockchain Developers Worldwide Scope
The top-paying countries for blockchain developers are Qatar, Bahrain, Switzerland, Singapore, and United Arab Emirates.
The median annual wage for blockchain developers worldwide is $130,000 USD.
Global Blockchain Developers earn an average of $131,000 per year, This estimate is based upon 546 Blockchain Developer salary report(s) provided by employees or estimated based upon statistical methods.
An average annual salary of ₹ 1.0 Lakhs for Blockchain Developers is expected for 2019, however Blockchain Developers with advanced skills, such as Ethereum, Hyperledger, or Solidity may receive a higher salary.
PayScale’s data for blockchain developers worldwide also indicates that workers in India earn less than other countries.
While an average salary of ₹ 2.2 Lakhs per year is reported by respondents working in India, salaries rise to ₹ 5.4 Lakhs per year for those working in Switzerland and ₹ 3.3 Lakhs per year for those working in Israel.
The median wage for all surveyed blockchain developers around the world is approximately ₹ 4.1 Lakhs per year, indicating that half of all respondents earn more than this amount and half earn less than it.
Blockchain Developer’s Salary in India
Blockchain Developers in India earn a salary range of ₹ 2.2 Lakhs – ₹ 20.0 Lakhs, The average annual salary is around ₹ 7.0 Lakhs.
Blockchain Developer’s Salary in the USA
The Blockchain developer salary in the USA is $106,300 – $169,000 per year.
The Blockchain developer salary in California is $119,500 – $201,000 per year.
The Blockchain developer salary in Washington is $117,700 – $184,000 per year.
The Blockchain developer salary in New York is $105,207 – $173,200 per year.
Blockchain Developer’s Salary in the UK
The median annual salary for a Blockchain developer is £62,500, The average annual salary for a Blockchain developer is £55,000.
These figures are based on 32 salaries collected directly from employees or estimated based upon statistical methods.
This is not much higher than other tech jobs like a software engineer or senior software engineer.
In fact, one may argue that it isn’t much at all since you must have higher education to become one which costs money as well as time and effort to accomplish that degree.
Blockchain Developer Jobs in Demand
According to Upwork, blockchain development jobs are currently in high demand, in Year 2018, Blockchain was ranked #2 on their list of fastest-growing skills.
There were 9 times more openings for blockchain developers than there were talent seekers.
Jobs range from entry-level positions paying $50k a year to experienced roles paying up to $200k.
Blockchain is still in its infancy, but expect that these salaries will only increase as more companies begin incorporating it into their business strategies.
Best Blockchain Development Skills
Blockchains are growing in popularity, but with that growth comes a need for trained developers.
Read on to find out what skills blockchain developers have and what it takes to break into blockchain development.
A top Blockchain development company from India would charge anywhere between $30 to $250 per hour based on expertise and past experience.
LISK – It’s a cryptocurrency platform that provides decentralized applications using its own cryptocurrency called Lisk.
Developers can use any language they want for their projects because Lisk uses APIs which makes it easy for everyone who is interested in developing applications on blockchain technology without having to deal with complex coding problems or learning new programming languages such as Solidity.
How much does a Blockchain Developer make?
Blockchain developers earn a median annual wage of $8,000, That’s not a lot, but it’s much higher than freelance blockchain developers who take home about $4,500.
It’s also more than twice as high as web developers and software engineers make, which is about $3,800 per year, And that doesn’t even include all of their potential bonuses and other incentives.
Source: Blockchain Developer Salaries in 2018 Simply Hired News & Advice from Experts! Simply Hired, last accessed July 11th, 2018.
Top 10 Blockchain-based Companies
- 10 Samsung SDS
Top Blockchain Companies to work for in India
- HCL Technologies
- Cognizant Technology Solutions
- TCS (Tata Consultancy Services)
- Tech Mahindra
- WNS Global Services
- IBM India
We have seen that Blockchain developers are among some of the highest-paid IT professionals out there.
How long will they continue to be in high demand is a good question and depending on how our governments decide to deal with cryptocurrencies, blockchain developers may or may not be needed in India in a few years’ time.
Related Article: Blockchain Wiki: The Future of Online Transactions
Nitin is a professional data Engineer, Who has a Post Graduation in Data Science and Analytics and working in the healthcare sector. Experts in Data analysis, Machine learning, AI, blockchain, Data related tools, and technologies. He is the Co-founder and editor of analyticslearn.com