If you have ever tried to hire a developer it will come as no surprise that they are in high demand. In fact, Hackernoon reports that for the past nine years, software engineers have been at the top of the hardest to fill jobs in the United States. With the introduction of blockchain as a specialization, that talent pool becomes even smaller. In mid-2016, there were a scarce ‘5,000 developers (in the world) dedicated to writing software for cryptocurrency, Bitcoin, or blockchain in general.’1
And it’s not just the scarcity of development resources that is of concern here but there is also exponential growing demand. Between 2016 and 2017, there was a 115% increase in job postings for those with blockchain skills. Since January 2017, the demand for blockchain engineering talent on Toptal has grown 700 percent2. Where is this demand coming from? IDC predicts ‘spending on blockchain app development and blockchain solutions will cross $2.1 billion by 2018, which is more than double that spent in 2017’3.
Blockchain is a transformative way of thinking about digital structure that comes with a slew of different development languages and platforms. This means (even senior) software engineers literally have to go ‘back to school’ to be able to operate effectively in this space. Not only do they have to learn new languages and platforms but they also have to keep pace with a technology that is morphing and growing at an alarming speed.
“If you want to know what’s going to happen in five years, you don’t look in the mainstream. You look at the fringe.”
— Steve Jobs
Software developers are the fringe. They understand (better than the mainstream) the incredible impact blockchain technology will have on our lives. These talented engineers want to learn blockchain BUT they need time, money, focus and hands on experience in order to get there.
With this in mind, Troon has created the Troon Blockchain Academy of Excellence.
By partnering with the National University of Sciences and Technology and Pasha, and applying a mentorship model, first introduced at the Troon Academy, we aim to remove the barriers to those motivated software engineers that are keen to learn. We will provide FREE blockchain accredited, on the job training, platform diversification (as applicable) and then solidify their education through experiential learning. The virtuous learning circle will also help identify leaders and mentors who will in turn transfer their knowledge to new learners.
Troon is committed to both closing the talent gap in this emerging technology and providing excellent blockchain services by fostering the recruitment and training of new talent.