Blockchain needs regulation, scalability to close AI hiring gap
The blockchain industry currently lags behind artificial intelligence (AI) in job creation, with over 300,000 jobs compared to 1.5 million in AI and 25 million in software development. While blockchain experienced a job growth of about 20,000 positions in 2024, it only achieved a compound annual growth rate (CAGR) of 45%, trailing AI's 57%. Key factors for this discrepancy include the maturity and investment levels of the AI sector, which saw over $100 billion in venture capital in 2024. Regulatory clarity, particularly from Europe’s Markets in Crypto-Assets Regulation (MiCA), may boost hiring in blockchain. Predictions suggest that blockchain could see over one million jobs by 2030 if it scales similarly to AI. Additionally, the integration of blockchain and AI technologies is creating new opportunities and driving job growth, with demand for professionals skilled in both fields on the rise. Blockchain's ability to provide certainty in a data-rich environment where AI operates with inherent unpredictability is crucial, highlighting the symbiotic relationship between the two sectors.
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