Day: September 28, 2017

AngelList,, the job board specializing in startup jobs, reports cryptocurrency job postings have nearly doubled in the past six months and are soon to triple from 2016. Companies in the crypto space have experienced “unparalleled investment and growth” in recent months. The organization stated that while many new technologies (self-driving cars and virtual reality, for example) are embraced by tech giants, cryptocurrency remains one of the largest non-corporate startup opportunities.

The data shows that investments are on the rise. Cryptocurrency startups collected more investments in the first two quarters of 2017 ($467 million) than they did in all of 2016 ($325 million). According to AngelList, as the companies in the crypto space grow, and raise larger amounts of funds at higher valuations, their need for new talent has also grown. The two main reasons for the crypto hiring boom are the expansions of both Bitcoin and Ethereum to a mainstream audience and the popularity of Initial Coin Offerings (ICOs).

In 2016, there were 442 cryptocurrency-related job postings on AngelList; however, the number of listings is projected to reach 1,255 by the end of 2017. The organization added that in the last six months, the number of job postings has nearly doubled. While experienced engineers in the crypto space are in the highest demand, startups are also looking for engineers with an interest in cryptocurrencies. There are also positions ready to be filled in the areas of marketing, business development, operations, customer support and other job functions in which no technical background is required.

The main reasons to join a cryptocurrency startup as either an employee or a team member include better salaries — up to 20 percent higher compared to the industry norm — more remote flexibility and employee liquidity in the form of tokens or coins, which is often an exclusive bonus offered at “new coin/token companies,” according to AngelList.

Preparing to Answer the Growing Demand for Talent

At a time when demand for crypto experts is on the rise, the blockchain and research development company IOHK has announced that the first cohort of its graduates has successfully completed training at the summer course hosted by IOHK, and are ready to start working within the crypto space and blockchain industry. IOHK plans to offer full-time positions to selected candidates from the training program in the firm’s newly created Athens Haskell Team.

IOHK offered the summer course free of charge to computer science graduates in Athens, Greece. The participants were personally selected by the university professors. The course primarily focused on Haskell, a programming language currently in high demand within the crypto space because of the language’s significant security advantages. The summer course was a little more than two months long, hosted between July 17 and September 22.

“Corporations and financial institutions are increasingly seeking Haskell developers, but are faced with a shortage of skilled programmers. IOHK is delighted to have trained seven talented students into proficient Haskell developers. Building on IOHK’s growing legacy of sourcing and training high-quality programmers and engineers from Greece, we are proud to have made several offers of employment to them,” IOHK Chief Scientist Aggelos Kiayias said in a statement.

In addition to attending lectures presented by notables like Dr. Lars Brünjes, Haskell developer at IOHK, and Dr. Andres Löh of the Haskell consulting firm Well-Typed, the students had to complete assignments and programming projects, such as creating peer-to-peer networks and performing a “handshake” with a Bitcoin node.

“By integrating several of IOHK’s internal project goals into the curriculum, students were given practical experience programming code that solved real, relevant industry problems,” Prof. Kiayias said.

IOHK is not the only firm offering blockchain courses for students. Blockchain software technology company ConsenSys recently announced that the first developer program class of ConsenSys Academy, consisting of more than 150 blockchain developers, will be flying to Dubai for a “three-day hackathon” followed by a graduate ceremony on October 22, 2017. According to the organization, the class represents the first group of successful candidates out of 1,300 applicants from 95 different countries. ConsenSys’s goal with the Academy’s program is to address the global shortage of blockchain developers.

Enterprise blockchain provider Gem is forging new partnerships in the healthcare sector. First announced at the Distributed: Health 2017 conference in Nashville, Tennessee, earlier this week, the blockchain startup is teaming up with European technology service provider Tieto as well as partnering with the U.S. Centers for Disease Control and Prevention (CDC).

“We fundamentally believe that data should not be centralized; it should exist at the edges where it already lives. Gem is partnering with Tieto and the CDC to build fluid systems of bridges and tunnels that connect relevant data at the time it’s needed,” Gem founder and CEO Micah Winkelspecht told Bitcoin Magazine.

Tieto

The growing interest in blockchain technology does not appear to be slowing down. As just about every industry is researching whether and how blockchains can help their operations, the healthcare sector is no exception. Distributed: Health, the world’s only healthcare-focused blockchain conference, welcomed over 700 attendees to Nashville this week.

Among the interested parties was Tieto, a major technology service provider in northern Europe, which typically works closely with several Scandinavian governments. The company provides software solutions for a range of public sector agencies, in domains like forestry, finance and education, as well as healthcare.

In Nashville, Gem and Tieto announced their new partnership in the exploration of how blockchain technology can benefit the tech giant. Emily Vaughn, head of accounts at Gem, and Maria Kumle, head of new offerings (Lifecare Solutions) at Tieto, presented a keynote address on Tuesday morning outlining the companies’ shared vision for the future of healthcare and how their partnership will build blockchain-based compliance solutions.

“Tieto has a pretty big vision for the future,” Winkelspecht told Bitcoin Magazine after the presentation. “They believe in a shift from a provider-centric data model to a more citizen-centric data model. They think citizens should really be in control of their own data, where companies can leverage and use that data, if the user consents.”

Gem’s main product, GemOS, is a data collaboration platform to be deployed on blockchains like Ethereum and Hyperledger, a software stack to bridge the gaps between these blockchains’ enterprise-level applications. For Tieto, GemOS will be configured to connect different data silos, specifically Finnish blood banks and DNA registers.

Winkelspecht said:

“If, say, a life insurer needs access to your health records and that data is stored in 10 different locations, that insurer first needs to know what these locations are. Then it needs to demonstrate to all these locations that it has the rights to access this. And it should be able to pull them all down, to have availability to the data.”

Because this is still a very bureaucratic, slow and expensive process, Gem and Tieto believe they can streamline the localization and authorization of this data. While the different silos will remain siloed — the blood bank records and DNA registers won’t be stored on any blockchain — GemOS should provide the bridge to connect the relevant data where needed.

CDC

Prior to the conference, Gem also struck a recent deal with the CDC, the United States federal agency tasked with preventing the spread of disease.

The CDC is particularly interested in finding solutions to better manage population health data and, more specifically, data relevant for disaster response. This type of data is usually fed through several intermediaries, such as different local government bodies. And because this is still very much a manual process, getting the right information to the right departments can take weeks or even longer. This current level of inefficiency is of particular concern in emergency situations where time is of the essence.

On top of further automating their processes, the CDC thinks that blockchain technology may offer additional solutions. It has therefore already put together a 27-person blockchain development team and is also partnering with different blockchain providers, including Microsoft and IBM, in addition to Gem.

“The CDC wants to build a blockchain-based early-detection warning system for population health and other topics that they care about,” Winkelspecht explained. “Once again, we won’t put actual data on the blockchain, but what we’re trying to do is paint a clear, comprehensive picture of all the data that is available, with a validity check, a timestamp and a proof.”

These records should then be instantly available to other relevant parties in the disaster relief efforts, like doctors or pharmacies. Such real-time data-sharing solutions among parties could significantly benefit CDC’s mission, especially when it comes to contagious diseases.

Both the Tieto and CDC projects are still in early development phases. It could take another year before the projects are up and running.