A study conducted by Financial Express reports that the blockchain industry is growing rapidly and faces a dearth in the supply of new talent to meet the needs of the burgeoning ecosystem.
The report, which is focused on India, pegs the growth rate at 45% annually and says that the existing talent pool might be unable to sustain the spike in demand.
Only 5,000 of the two million software engineers in India have the requisite skills to pursue a career involving distributed ledger technology (DLT), the report says. Educational institutions have begun offering courses to cater to the growing industry, says Neelu Jyothi Ahuja, a professor at the UPES School of Computer Science.
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