Fahim Moledina on how Crypto Skills Gap could impact tech behemoths Amazon and Apple


There is growing speculation that behemoth global conglomerate Amazon might be making strides to launch a new digital currency. Now, the company has posted a job listing for a Digital Currency and Blockchain Product Lead, according to Fortune reporting

Amazon released a statement, noting that the company is “inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. 

“We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.” 

In May, tech giant Apple had a job posting for a business development manager for alternative payments including cryptocurrency.

“This is indicative of the wave of integration and adoption that is happening around the world. This acceptance of, and investment in crypto is profoundly opening up the job market for highly specialized positions in tech,” said Business Consultant and owner of OptiSyn Consulting Fahim Moledina

According to Fortune, there are thousands of open positions mentioning “bitcoin,” “cryptocurrency” and “blockchain” across job search platforms LinkedIn, Indeed and Monster. 

Organizations with crypto-focused job listings include Fortune 500 companies such as JPMorgan Chase, Amazon, Apple and PayPal. 

Jonathan Tamblyn, director of talent acquisition for Gemini, a cryptocurrency exchange, explained to CNBC Make It that the industry has now reached its tipping point where “larger, well-established companies are recognizing the validity and longevity of crypto.” 

As Moledina points out, while there has been growing trepidation about technological advancements across many areas, incredible opportunities are presenting themselves.

According to an article in Hacker Noon, this “means that a career in blockchain will grow rapidly in the upcoming years. The demand for hiring the freelance community which has the cryptocurrency expertise will increase in the coming years.” 

With Canada’s push into the tech sector, there has also been a substantial increase in available crypto positions in the provinces.

“What is coming is a wave of higher paying, highly specialized professional positions, but with that there is a gap between workforce education and the kind of skills that will be needed,” Moledina said. “In fact, this is already happening.” 

The skills shortage among crypto’s specialized workforce is causing significant competition among businesses to secure the right talent for their organizations.

According to Bloomberg, crypto firms are finding it rather difficult to find the right candidates to fill job openings as these firms look to expand their operations across the globe.

Per Coin Telegraph reporting, the heightened competition for skilled and experienced candidates is not limited to crypto-natives, but has recently expanded to legacy financial institutions that are creating cryptocurrency-focused departments. 

“Even the broader fintech and technology services industry are also entering crypto, contributing to even greater competition for the limited workforce available,” according to the article. 

Despite the increased interest in the more lucrative tech/crypto positions, the skills shortage is a significant problem, according to Neil Dundon, founder of the cryptocurrency-focused job agency called Crypto Recruit. Matching c2andidates to roles is simply difficult in a burgeoning and highly specialized field. 

“It will really boil down to companies needing to take a front-seat role in up-training existing employees and finding creative ways to find qualified candidates,” said Fahim Moledina. “Government incentives for higher education in this sector could also help.” 

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