Blockchain Job Market in India

Blockchain technology has revolutionized the way things are done. Initially developed to support Bitcoin, blockchain is now becoming omnipresent. Enterprises across various industries are adopting blockchain technology and leveraging its strength to cope with a multitude of business problems. This decentralized ledger technology is leaving a mark in every major area of business, from operations and accounting to the way data is being held and secured. In fact, blockchain technology is witnessing such rapid growth that Gartner predicts the business value of Blockchain technology is all set to exceed $3 trillion by 2030.

This boom in the Blockchain domain has created amazing job opportunities for young talent in India with number of jobs increasing at a rate of 2000–6000%.

Let’s have a look at some of the highest-paying job roles that blockchain has to offer:

1. Blockchain Developer: 

A blockchain developer primarily lays the foundation for others to work on. He/ She is an expert who focuses on developing and improving blockchain protocols which include the development and designing of a network that can be used for data centralization and decentralization. He/ She works with blockchain-based web applications while also being responsible for research, analysis, designing and execution of the blockchain applications that he/she is building.

Being one of the most common job roles in the blockchain domain, a blockchain developer’s job pays 50–100% higher than any other developer’s job. A trained professional with considerable years of work experience is expected to receive around ₹45,00,000 annually in India. The average salary for a fresher stands at ₹8–10 LPA. However, the salary of a blockchain developer varies and depends on several factors such as the company, job location, skillset and experience.

2. Blockchain Architect: 

A blockchain architect is someone whose role includes working with technology and R&D teams for infusing blockchain technology into the designing and building of solutions. He/ She works on innovations and creates performance standards to measure the efficacy of a new solution. A blockchain architect is an expert in database architecture and design for creating storage solutions across distributed ledgers and database systems.

When it comes to the average salary of a trained blockchain architect in India, it is nearly around ₹80 LPA.

3. Blockchain Security Engineer: 

A blockchain security engineer is an expert who is put in charge of designing the security and architecture of a blockchain system. He/ She is an all-rounder who performs the operations, designs, develops, analyzes, implements and supports a blockchain network.

In India, the average salary of a professional blockchain security engineer with more than 3 years of experience is ₹81 LPA. However, the average salary of a fresher is nearly around ₹6 LPA.

4. Blockchain Product Manager: 

A blockchain product manager is responsible for the overall development of blockchain-based products. They come up with the strategies behind a product and make sure that the product lands in the market successfully without facing any major obstacles. He/ She also coordinates between the work done by other people such as product designers, software engineers and data scientists. His/ Her job role also includes customer analysis, resource management, product testing and launching and customer satisfaction.

The average salary of a blockchain product manager in India is ₹16 LPA.

5. Blockchain Quality Engineer: 

As the name suggests, a blockchain quality engineer is responsible for maintaining the quality of blockchain-based web applications. He/ She is also responsible for developing automation frameworks, manually testing for glitches and bugs and reporting them to the concerned department. He/ She makes sure that the product does not have any glitches or bugs and is ready to be launched in the market.

A blockchain quality engineer in India receives ₹2–3.5 LPA on an average.

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