- High on passion, short on experience
The blockchain industry is not short on passionate developers and engineers eager to work with blockchain. What’s lacking, according to experts, is real-world experience, especially in the financial sector. Michel Dinh, Chief Technology Officer, Fusang Group, a fintech company, said that while technical proficiency is undoubtedly important, one can ultimately develop skills sets. On the other hand, industry experience takes time, and many developers and engineers fall short on that front.
Max Soyref, Associate Director of Blockchain, KPMG Australia, agrees. “Not everyone will need to build a product from scratch. While knowledge of smart contracts or strong programming fundamentals is important, the business side is also critical. It is vital to find people who understand the value blockchain creates and can translate it into business outcomes across business analysis, product and traditional project domains,” he said. “We need more people supporting business services with a strong understanding of blockchain, including accountants, lawyers and tax people who understand public and enterprise blockchains.”
- Autonomy as a recruitment strategy
In terms of blockchain-specific talent, Soyref believes that it all comes down to providing them with autonomy and interesting work. “If you are a blockchain developer, you often can choose where to work, decide whether you are challenged and try new things. You are in control of your own destiny. I think that is the recipe for retention.” Soyref added that because blockchain is such a new, emerging technology, it is highly possible to build the ‘first something for something’ — hence companies should highlight pioneering opportunities that they can offer talent.