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Blockchain talents now a lucrative priority for headhunters in China

Starting from 2016, the recruitment for blockchain-related talents has become a lucrative priority for headhunters. Companies and non-profit organizations are fighting to hire the best brains that master blockchain techniques in China.
Search result of “blockchain” on Lagou  , one of major IT recruitment platform, shows 217 vacancies available and 51job returns 305 jobs. Employers include big companies like Pingan Technology, Sanyi Engineering and Zhongan Insurance. But we can see more offers coming from fintech startups, mostly located in Beijing, Shanghai, Hangzhou and Shenzhen. The monthly salary ranges from 10,000 RMB(~1,450 USD) to 60,0000(~8,700 USD), which is way beyond the average salary , or around 644 USD (annual average 53,615 RMB), of a Chinese in 2015.

lagou-blockchain

Blockchain talents in high demand in China. (screenshot from Lagou)

Take the “Blockchain Researcher” by Pingan Technology for example:

Perks:
Fortune 500 companies, good welfare and performance bonus.
Job Description:
1. Responsible for the design and R & D of blockchain products;
2. To develop a financial platform and infrastructure based on Ethereum;
3. Study the protocol, operating mechanism and the product realization on layer-protocol level to help improve some PoC blockchain products.
Requirements:
1. Bachelor degree or above in software engineering, computer or equivalent.
2. More than 1 year development experience, previous working experience in Internet or financial industry is preferred.
3. Familiar with Linux/Java/Python/Javascript or at least two of them, familiarity with the Solidity language is preferred.
4. Familiar with various of data structures and algorithms, cryptography, security protocols and encryption algorithms.
5. Master the working principles, mechanism and encryption algorithms of blockchain products like Bitcoin or Ethereum.
6. Good team spirit and execution capability, strong analytical and problem-solving skills.

According to Effy Lee, the OP of a recruitment post for Ant Financial on 8btc, the annual salary for a Blockchain Director’s position is well over 1 million RMB(~144,000 USD). Although she refuses to disclose the commission rate, it’s said that the headhunter could get up to 30% of the annual salary if a candidate is contracted.

As blockchain technology is often interwoven with financial industry and information technology, a person that has the capability to cross the gap between both is rare. However, with the recent cooling down of internet finance speculation, some seasoned developers are turning to blockchain research, just like Zhu Zhiwen, founder of Ebookchain. He used to work in a state-owned company and turned to study blockchain in 2015 and now he made the headline of CSDN as a blockchain expert. On the other hand, blockchain startups like Gingkoo are injected with abundant funding for expansion.
A job in commercial sectors may sound tempting for its high salary, but what’s more attractive to the Chinese public is the stability of working in government sectors or non-profit institutes.
At the beginning of 2016, the digital currency research lab under the PBoC has established the first blockchain technology research team and a digital currency research center. The team is committed to the practice and forward-looking research utilizing blockchain in the field of financial sectors, such as digital draft business. In June 2016, Digital Money Research Labs released the first proof-of-concept prototype of the Smart Digital Draft System (SDDS) based on blockchain technology. In December 2016, PBoC also sent out a message to hire talents who have master or doctoral degree in computer science, information security and cryptology. At present, the Digital Currency Research Center is involved in the central bank related key research topics. The institute also established a joint lab for digital currency with Zhejiang University.

“Blockchain is considered the cornerstone to transform a untrustworthy internet to a credible network, the role of which will shift from transfer of information into transfer of value.”

He Baohong, Deputy Director of Technology and Standard Research Institute of CATR, speaks at a blockchain and big data forum in Shanghai Pudong.

“However, the conception of Blockchain is not unified. The industry has realized that the absence of a standardized blockchain is not conducive to its development.”

The blockchain industry is like Wild West in China. With the gradual clarification of regulation in China, we are expecting more demands for the most-treasured resources: talents.
Last but not least, 8btc is also recruiting blockchain developers with C/C++, Python skills.

COMMENTS(32)

  • hl5460
    4 months ago hl5460

    Starting from 2016, the recruitment for blockchain-related talents has become a lucrative priority for headhunters. Companies and non-profit organizations are fighting to hire the best brains that master blockchain techniques in China.Search result of “blockchain” on Lagou  , one of major IT recruitment platform, shows 217 vacancies available and 51job returns 305 jobs. Employers include big companies like Pingan Technology, Sanyi Engineering and Zhongan Insurance. But we can see more offers coming from fintech startups, mostly located in Beijing, Shanghai, Hangzhou and Shenzhen. The monthly salary ranges from 10,000 RMB(~1,450 USD) to 60,0000(~8,700 USD), which is way beyond the average salary , or around 644 USD (annual average 53,615 RMB), of a Chinese in 2015.http://news.8btc.com/blockchain-talents-now-a-lucrative-priority-for-headhunters-in-china

  • slacknation
    4 months ago slacknation

    ethereum!

  • 8btccom
    4 months ago 8btccom

    Yes, ethereum is often mentioned in JD.

  • Imnewtoallthis
    4 months ago Imnewtoallthis

    How can blockchain be something that someone can be an expert at already? Where can I learn more about it?

  • Mr_Yukon_C
    4 months ago Mr_Yukon_C

    I think solid Solidity / smart contract devs are going to be commanding a premium for quite a while.

    This is a good thing.

  • Robin_Hood_Jr
    4 months ago Robin_Hood_Jr

    Completely agree, hence why I’ve been studying up on Solidity. I suspect the valley is going to have huge demand soon.

  • ceo-of-bitcoin
    4 months ago ceo-of-bitcoin

    As someone who has worked with software for 30 years, I’ve seen a lot of tech come and go. With enough perspective, it becomes pretty easy to tell which new tech is crap vs. which is here to stay. Ethereum is here to stay.

  • 8btccom
    4 months ago 8btccom

    Mostly online or self-education.

  • 8btccom
    4 months ago 8btccom

    That’s correct. I guess there are around 300 developers in China are focusing on solidity at the moment.

  • 8btccom
    4 months ago 8btccom

    Ethereum development is mentioned specifically as a preferred skill.

  • 8btccom
    4 months ago 8btccom

    Awesome!

  • Imnewtoallthis
    4 months ago Imnewtoallthis

    Thanks, self-education or online? Why didn’t I think of that

  • hl5460
    4 months ago hl5460

    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

  • MicroGuy
    4 months ago MicroGuy

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  

  • hl5460
    4 months ago hl5460

    Quote from: MicroGuy on January 19, 2017, 03:05:38 AM

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  

    That’s true. I saw quite a number of developers come and go in the blockchain industry.

  • Karpeles
    4 months ago Karpeles

    Is there big enough local markets for one to determine a market price for blockchain developersAlso most of them work online, so where they are probably make no difference where they live, as long they have internet access 

  • hl5460
    4 months ago hl5460

    Quote from: Karpeles on January 19, 2017, 03:39:20 AM
    Is there big enough local markets for one to determine a market price for blockchain developersAlso most of them work online, so where they are probably make no difference where they live, as long they have internet access 

    So developers probably ask for less, thus lowering the cost of a project?

  • HabBear
    4 months ago HabBear

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    Developers are getting screwed in China. Non-blockchain developers in the US are getting paid around 65,000 Yuan a MONTH. This equals roughly $10,000 a month ($120,000 per year). Especially developers in silicon valley.

  • QuestionAuthority
    4 months ago QuestionAuthority

    Bitcoin = 0Blockchain = millions

  • Kakmakr
    4 months ago Kakmakr

    Blockchain developers have special skills, most other developers do not have yet, because this technology has not been around for a long time. < Since 2009 > So they can basically write their own salary on a piece of paper, and companies will have to take it, because there are not a lot of specialist Blockchain developers out there, and Blockchain technologies are the thing now. The average pay for a Software Engineer / Developer / Programmer is $73,957 per year. Most people move on to other jobs if they have more than 20 years’ experience in this field. < In my opinion, way too low for a specialist Blockchain developer >Source :> http://www.payscale.com/research/US/Job=Software_Engineer_%2f_Developer_%2f_Programmer/Salary

  • Dream 1000 BTC
    4 months ago Dream 1000 BTC

    Quote from: MicroGuy on January 19, 2017, 03:05:38 AM

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  

    Best blockchain devs have many bitcoins, like Gavin, he has more than 10000 BTC, why he works for others for normal rates? He doesn’t need to work any more and coding is his hobby, maybe he will work as a CTO or co-founder in blockchain startup.

  • Xester
    4 months ago Xester

    Blockchain developers have huge income and why its because big companies bids their salary and they will of course they will choose the best offer. Aside from that blockchain developers are also good in mining coins, they have huge amount of coins in their disposal since they are the ones who knew the market potential of a certain coin. But some developers chooses to make their own coins rather be hired by big companies.

  • NorrisK
    4 months ago NorrisK

    I think there is a difference between a real blockchain developer and a developer working on blockchain related differences. Which do you mean? The first would work on the code or try to make new exciting projects out inspired by blockchain. These people normally start there own projects and raise money through an ICO or just start with it.The second can be normal developers that use the normal coding to build services around blockchain. Those should be similar to normal developers in wages.

  • hl5460
    4 months ago hl5460

    Quote from: NorrisK on January 19, 2017, 08:29:46 AM
    I think there is a difference between a real blockchain developer and a developer working on blockchain related differences. Which do you mean? The first would work on the code or try to make new exciting projects out inspired by blockchain. These people normally start there own projects and raise money through an ICO or just start with it.The second can be normal developers that use the normal coding to build services around blockchain. Those should be similar to normal developers in wages.

    I am referring to the latter. These days most developers are just following the money. http://news.8btc.com/blockchain-talents-now-a-lucrative-priority-for-headhunters-in-china

  • hl5460
    4 months ago hl5460

    Quote from: Xester on January 19, 2017, 08:04:24 AM
    But some developers chooses to make their own coins rather be hired by big companies.
    That sounds like a conflict of interest to me.

  • KennyR
    4 months ago KennyR

    Quote from: hl5460 on January 19, 2017, 03:28:54 AM

    Quote from: MicroGuy on January 19, 2017, 03:05:38 AM

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  

    That’s true. I saw quite a number of developers come and go in the blockchain industry.

    Blockchain technology is not that simple, so only the highly skilled and tolerant users try to stand and engage into development. Others just move on based upon the difficulty experienced. Also several developers try to create their own coin, I’ve met a person personally who has good tech knowledge.

  • calkob
    4 months ago calkob

    If you are a blockchain developer at this present time and arnt making a fortune in either cash or stock, then you arnt doing it right…….     monkeys are paid by the hour.

  • Kprawn
    4 months ago Kprawn

    Quote from: Dream 1000 BTC on January 19, 2017, 06:14:50 AM

    Quote from: MicroGuy on January 19, 2017, 03:05:38 AM

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  

    Best blockchain devs have many bitcoins, like Gavin, he has more than 10000 BTC, why he works for others for normal rates? He doesn’t need to work any more and coding is his hobby, maybe he will work as a CTO or co-founder in blockchain startup.

    Source? I have never seen Gavin posting his BTC totals? He gave away bitcoins per hour back in the day, with his faucet.  …. In any way, most Blockchain developers like him are multi-skilled, so they can be employed for any other project too. These guys should consider handingknowledge down to the second generation of Blockchain developers. { write educational courses and books }  Look at these salaries : SAP ABAP Developer SalariesDenken Solutions SAP ABAP Developer $74,730 V.L.S. Systems SAP ABAP Developer $70,873 Wise Men Consultants SAP ABAP Developer $81,874 Accenture SAP ABAP Developer $89,432

  • GMPoison
    4 months ago GMPoison

    Blockchain is a brand new emerging technology, an emerging technology that everyone wants and everyone needs knowledgeable developers to implement. I’m sure that blockchain developers are paid very generously.

  • franky1
    4 months ago franky1

    knowing blockstream have $90mill and only a couple dozen paid devs, and over 100 unpaid interns we can assume gmaxwell is atleast a millionaire in the fiat world

  • Herbet Fry
    4 months ago Herbet Fry

    Wouldn’t a blockchain Dev just run their blockchain for themselves or rent it or something ?Why would they sell themselves out by the hour when they can make so much more themselves instead of just handing a money maker over to someone else.

  • dunfida
    4 months ago dunfida

    Quote from: MicroGuy on January 19, 2017, 03:05:38 AM

    Quote from: hl5460 on January 19, 2017, 02:44:55 AM
    I know there should be big difference between various countries.A developer with two years of experience in China may earn 15,000 a month(21.75 days), or 86 RMB (~12.5 USD) an hour (8 hours a day).

    The best blockchain developers can’t be bought — and certainly not by the hour.  
    Direct to the point mate and i would say the same thing too.They wont bother to work for someone but they will work for their own project that could able to make them millions of dollars.

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