The blockchain industry needs regulation and scalability to close the gap in hiring Artificial Intelligence specialists
The emerging blockchain industry is lagging behind the artificial intelligence sector in terms of job creation, but this hiring gap could be reduced by 2030.
Blockchain remains one of the smallest sectors in the tech industry, with over 300,000 global jobs, compared to more than 1.5 million in artificial intelligence and machine learning and 25 million in software development, according to a new report from Bitget Research shared with Cointelegraph.
The blockchain sector added around 20,000 new jobs in 2024, according to job listings gathered from platforms like LinkedIn, Web3 Jobs, and Crypto Job List.
Total workforce in the tech industry. Source: Bitget Research
While blockchain-based jobs had an average compound annual growth rate (CAGR) of 45%, outpacing most traditional tech sectors, it lags behind the 57% CAGR of the artificial intelligence industry, according to the report.
The maturity of the artificial intelligence industry and its greater share of venture capital investments are the main reasons behind the hiring discrepancy, explained Vugar Usi Zade, Chief Operating Officer of the cryptocurrency exchange Bitget, to Cointelegraph:
“Venture capital investors invested over $100 billion in artificial intelligence startups in 2024, with AI-focused titles surpassing one million vacancies worldwide,” said Usi Zade. “Blockchain companies, meanwhile, announce barely 20,000 vacancies and attracted only around $5.4 billion in new funding during the same period.”
