According to LinkedIn’s latest job trends report, blockchain has become the number-one “hard skill” that companies look for on LinkedIn. While blockchain wasn’t included in LinkedIn’s 2019 rankings, this year it surpassed other emerging technologies like cloud computing, analytical reasoning and Artificial Intelligence.

The report, which can be read in full here, states that big names like IBM, Oracle, JPMorgan Chase, Microsoft, Amazon, and American Express are actively seeking job candidates with blockchain expertise when hiring new people. LinkedIn researchers analyzed users who are “getting hired at the highest rates” and concluded that blockchain is now the most in-demand “hard skill” – defined as a skill that “concerns an employee’s ability to do a specific task” – for 2020 in the United States, the United Kingdom, France, Germany, and Australia.

Blockchain seen as a transformational technology 

“Last year, cloud computing, artificial intelligence, and analytical reasoning led LinkedIn’s global list of the most in-demand hard skills. They’re all on the list again this year, but a skill we weren’t even looking at a year ago – blockchain – tops the list of most in-demand hard skills for 2020”, states LinkedIn’s report. Other tech skills like cloud computing, analytical reasoning, AI, UX design, and scientific computing joined blockchain on the list of in-demand hard skills, as did other skills (affiliate marketing, sales, and video production) central to sales and marketing.

The promise of blockchain is huge

“Blockchain has emerged from the once shadowy world of cryptocurrency to become a business solution in search of problems. Which means that you don’t have to be in financial services to be seeking new hires who have background and expertise in putting blockchain to use. So, recruiters should start becoming familiar with how blockchain works, what its perceived benefits are, and who are the people best suited to help your company explore where this budding technology might have a role.”

Advocates see it as a secure, decentralized, and cost- and time-efficient way to transparently track shipments and transactions of all kinds. The business world, however, is voting with its jobs, and companies seem to be saying that the potential is worth the gamble. Blockchain has become a line of business for a who’s who of the corporate world – IBM, Oracle, JPMorgan Chase, Microsoft, Amazon, and American Express, to name just a few. Blockchain is now being used in industries ranging from shipping to healthcare, from farming and food safety to entertainment and gaming.

Hard and soft skills explained

As per LinkedIn, “hard skills concern an employee’s ability to do a specific task, and soft skills are more about the way they do them – how they adapt, collaborate, solve problems, and make decisions. Hard skills include specialized knowledge and technical abilities, such as software development, tax accounting, or patent law expertise. They’re often easier to define and measure than soft skills. On the other hand, soft skills are more about behavior and thinking, personal traits and cognitive skills. They’re typically more difficult to measure, but they can also help a person thrive in a variety of roles and industries.”