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Blockchain Jobs Finally Recognized By Chinese Government

The outbreak has brought painful damage and massive job losses. But for the blockchain community in China, the COVID-19 pandemic has opened new opportunities. Now, the Chinese government officially recognizes blockchain jobs in its bid to open up employment opportunities for its citizens.

In addition to that, the Ministry of Human Resources and Social Security (MOHRSS) of the country disclosed a list of occupations it officially recognizes. And the blockchain careers are placed on the top list.

In an announcement made on May 11, MOHRSS recognized blockchain programmers, engineers, and analysts as some of the rising jobs attracting interest in China. Also, the Ministry went on to define the job descriptions for these posts. And it includes the tasks they must perform.

For example, blockchain engineers design the architecture of the platform. They also improve the underlying technical solutions for these systems. Furthermore, they manage deployments and debugging in the blockchain network application process.

On the other hand, a blockchain application operator tests the functions and stability of blockchain systems, designs, processes, and models for system applications. It is also responsible for the monitoring, operation, and maintenance of system applications.

Then, the Ministry recognized a few of the other mounting jobs. They include online learning facilitators, 3D printing equipment operators, nucleic acid examiners, and information security testers.

The listing from MOHRSS is part of the Chinese government’s efforts to rebuild the economy following the COVID-19 pandemic bringing it to its knees. There are millions of people who lost their jobs. Bloomberg estimating about 8 million people losing their jobs in February alone. Several sectors, like the service industry, employing a 60% workforce, have made the highest number of job losses ever.

 

Technology

The recognition of blockchain jobs aligns with the blockchain push of China. And this is with the Asian giant now a global leader in the industry. In a recent report of CoinGeek, the People’s Bank of China is urging for accelerated adoption of blockchain in the fintech industry as a member of the government’s digitalization plans.

Aside from another nod to the technology, the Chengdu University of Information Technology has revealed the launch of China’s first blockchain bachelor’s degree program. The demand for blockchain professionals in China stays high. Thus, this program is planning to diminish the massive deficit in blockchain talent.

Based on a survey by one of China’s largest recruitment firms, Zhaopin, entry-level blockchain professionals gain $2,300 per month. And this is more than double the average salary in the country.

 

Antitrust Laws

Meanwhile, in a recently released paper, Vitalik Buterin, the co-founder of Ethereum, along with Thibault Schrepel, a Harvard faculty, argued that blockchain is there to help antitrust laws in the place where regulations are hard to apply and enforce.

The Blockchain Code as Antitrust paper explained that blockchains could aid antitrust laws. This is possible by adding more decentralization and avoiding the creation of monopolies. But they said that blockchains could only do this if regulations would support the technology.

The paper reads, “Law and technology should be thought of as allies – not enemies – as they feature complementary strengths and defects.”

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