The emergence of blockchain technology might have come about some 10 years ago as Satoshi Nakamoto released his Bitcoin whitepaper, but the true growth and expansion of the technology have only really emerged in the last few years.

Business, banks, companies and conglomerates across the world have cottoned onto this potentially revolutionary technology that can make an impact in a bevvy of different sectors. It has seen some of the biggest names in the world look to be a part of it.

Of course, building to become a powerhouse in the new technological revolution, there needs to be a team of experts that can help drive this. Even more so when it comes to the blockchain which has not yet truly found its niche. For this reason, it is unsurprising that blockchain is still the top skill in demand in 2020, according to LinkedIn.

Secure, decentralized, and cost- and time-efficient

It all makes quite a bit of sense that companies, looking for the next edge, are turning to people with blockchain skill sets. The technology itself is very nascent and still emerging, but the promise is massive. More than that, the scope of blockchain technology is so broad that almost any major company can find some way to utilize it.

“The promise of blockchain — essentially a shared digital ledger — is huge. Advocates see it as a secure, decentralized, and cost- and time-efficient way to transparently track shipments and transactions of all kinds,” the report said.

What is interesting to note though is just how in-demand these employees are. Other emerging technologies, such as cloud computing and artificial intelligence have fallen back a little in the wake of blockchain. It could mean blockchain is the better solution, or that this is part of the technology hype cycle.

A new path

What has been good to witness is how the potential of blockchain technology in the business world has helped legitimize and expand the entire cryptocurrency industry. Blockchain started life as the vehicle for Bitcoin, which started its own life as a currency for the dark web and illicit goods and services.

That has all changed now as Bitcoin own mainstream boom took it away from nefarious uses and into popular thinking, and with that, the underlying technology got a close look at and was discovered as a new edge for these businesses.