A report by CNBC has elaborated on the spike in demand for blockchain engineers, who are supposedly raking it atleast $150,000 to $175,000 annually – compared to the average $135,000 made by software engineers.

Blockchain engineers are top paid roles in software development, on par with AI specialists, said the report. According to Hired, there has been a 400% increase since 2017 for blockchain engineers, Broadly, these type of jobs tend to carry titles such as back-end engineer, systems engineer or solutions architect. However, the positions tend to list blockchain as a desired skill for the job, says Hired.

“There’s a ton of demand for blockchain,” said Mehul Patel, CEO of Hired. “Software engineers are in very short supply, but this is even more acute and that’s why salaries are even higher.”

Understandably, hubs with technology and finance as their cores are where the demand for blockchain experts is rising. A Glassdoor study mentioned that the top five destinations for blockchain-centric jobs are:

  • London
  • Singapore
  • Toronto
  • Hong Kong
  • Berlin

Companies are hiring primarily for technical roles, requiring engineering experience and coding skills, and many of these job openings are centered in cities that are already major talent hubs for technical or financial expertise,” according to Glassdoor’s study. “Both factors are contributing to pay exceeding median salaries elsewhere — another strong indicator of long-term investment.”

Such jobs rose 300 percent since last year, rising to 1,775 openings in the U.S. in August 2018. On the other hand, Asia is seeing a lot of hiring in this division as well. Recruitment firm Robert Walters is seeing a 50% increase in blockchain or crypto jobs in Asia since last year, especially in Singapore and Hong Kong, which are establishing themselves as blockchain hubs of Asia.