Unless you’ve been living under a rock for most of the last year, you’ve probably noticed the uptick in interest in cryptocurrency. Sure, the early 2010s brought with them a tech startup boom, with Bitcoin and other digital currency cropping up left and right as practical investment options. You may have had early investors explain it to you like an MLM, which is really not attractive and maybe why you chose not to invest early.
Whether you’ve chosen to partake in this foreign form of currency or not, the knowledge of it is widely available, as time goes on. This is everything you should know about cryptocurrency, including 3 jobs in the field that recruiters can’t fill fast enough.
So, what is a cryptocurrency, or crypto?
For those of us who are not a part of the technological world, it may be a little bit difficult to understand at first. Cryptocurrency is unregulated digital money or funding that is exchanged without the need of a bank or financially backed system. It is peer-to-peer payment protected by cryptology that has been touted as having the potential to massively reduce fraudulent transactions.
Cryptocurrency is different from online platforms that exchange money – like PayPal and Venmo – because it is not tied to an institution and the form of payment is not traditional money. To date, cryptocurrency is available in over 6,500 forms.
Most roles in this sphere of work don’t require a degree. Blockchain technology is still so fresh on the market that there aren’t many classes – and certainly no dedicated programs – that cater to too many roles within the industry. For that reason, you don’t have to be a member of some deep-level bitcoin group or have past experience within a tech company to nab one of their coveted positions.
3 roles that are hiring rapidly in the crypto world
1. Blockchain Legal Consult
Though it may not necessarily require a career overhaul, becoming legal counsel in the blockchain industry can get tricky pretty fast. As new rules and information about the technology releases, these lawyers have quite a bit of continuing education to gear up for. Those who are interested in a new — and quickly burgeoning — industry to work alongside will be in for quite the ride.
That said, lawyers are being hired like hotcakes by blockchain companies and related technology businesses alike. Chainlink Labs is currently seeking Legal Counsel in San Francisco and Coinbase is looking for Senior Counsel, Litigation and Associate General Counsel, Platform.
2. Blockchain Architect
Blockchain Architects help to ideate and implement digital design and solutions using blockchain technology. This can be for most anyone who knows how to design a blockchain infrastructure. This encrypted form of transfer allows for the distribution of information and media by way of the internet without being copied or illegally accessed. It is so unique and so important to the structure of the concept, that blockchain engineers have highly sought after.
Coding experience is almost always required to become a blockchain architect, but you may check with individual blockchain firms on continuing education and growth opportunities. Unless the role is noted as an entry-level role, blockchain architects may need to have at least 2 years of related experience under their belts, some basic experience with blockchain, and standout communication abilities.
Blockchain Architects are known to be hands-off during the build process, but some roles require a more hands-on role. Be sure to differentiate, so you are better informed going into your interview.
3. Blockchain Engineer
Similar to Blockchain Architects, Blockchain Engineers create digital solutions by utilizing blockchain technology. Often, engineers are referred to as developers as well. They are almost always the people working behind the core concept of the build-out, perhaps delegating tasks here and there to a team. However, they are very hands-on in the entire process, whereas architects may not always lend a hand in this portion of the assembly line in a blockchain business.
That said, many companies hire individuals who act as architects and engineers, so be sure to take time to differentiate between the two, choose which role you’re more interested in and if you would even enjoy working in both realms, and to find roles based on those needs.
Chainlink Labs in San Francisco is currently looking for a blockchain engineer in the telecommunications and hardware industry. Penrose Studios, MicroStrategy, CipherTrace, Inc., Block.one, NASCO, and Numbrs are all hiring for similar positions.
Don’t get discouraged if your ideal role wasn’t listed above. Blockchain companies are rapidly hiring for administrative and data entry roles as well. Many of these roles will require some research on your part, but being a new enthusiast will help too.
Another role worth pursuing is any writing role within the blockchain industry, specifically if you can get a blockchain beat for a publication. The role hasn’t been widely explored yet, and people could use more accessible information about blockchain technology.