Blockchain is most in-demand hard skill of 2020, according to a new study by the educational subsidiary of professional social network LinkedIn.
A newcomer to LinkedIn’s annual list of top-demanded hard skills, blockchain now tops the list of the most-needed skills in 2020, according to a LinkedIn Learning blog post on Jan. 13.
Blockchain to surpass cloud computing and AI in 2020
In 2019, blockchain-as-a-skill overtook major hard skills including cloud computing, analytical reasoning, artificial intelligence (AI), and user experience (UX) design.
It has become the number one hard skill in demand among global employers in 2020, according to LinkedIn Learning.
In contrast, a similar list of skills provided by LinkedIn Learning for 2019 does not include blockchain technology at all.
In order, other top hard skills in 2019 included AI, analytical reasoning, people management and UX design.
Top 10 hard skills companies need most in 2020. Source: LinkedIn Learning
Methodology: demand vs. supply
Demand in the recent study was defined by analyzing skills that were in high demand where, being measured by identifying the skills listed on the LinkedIn profiles of people who were employed at the highest rates.
The study only analyzed cities with 100,000 LinkedIn members, the blog post notes.
As opposed to soft skills, hard skills refer to an employee’s ability to do a specific task and include specialized knowledge and technical abilities such as software development, tax accounting, or patent law expertise.
Meanwhile, soft skills refer more to the way those tasks are done — how employees adapt, collaborate, solve problems and make decisions.
Linkedin says the promise of blockchain is huge
In the blog post, Linkedin outlined the immense potential of blockchain technology. In terms of providing a cost- and time-efficient, secure and decentralized method of tracking transactions of all types.
It emphasized, that a number of high-profile global firms such as IBM, Oracle, JPMorgan, Amazon and Microsoft have been actively implementing the technology.
The post advises global recruiters to start becoming more aware of blockchain technology.