As the cryptocurrency and blockchain landscape continues to gain traction, more traditional companies are becoming interested. Mastercard Inc (NYSE:MA), PricewaterhouseCoopers (PwC), and Deloitte are planning to venture into blockchain and are reportedly recruiting talent from the crypto space as part of their blockchain pursuits.
Unfortunately, it might not be easy for Deloitte, MasterCard, and PwC to find people to fill positions in their blockchain departments for one main reason. There are no specialized courses offering skills pertaining to blockchain coding. For this reason, decentralized ledger experts are rare and highly sought after, and this explains why companies have been having a tough time procuring blockchain engineers. Most of the available ones have been hired by blockchain startups
Companies have such as MasterCard have resulted in hiring self-taught individuals to assist them in their blockchain pursuits. The card company is looking for 175 people to fill its blockchain division and PwC has also announced that it has several open positions that it plans to fill with individuals with skill and technical know-how in the decentralized technology. Deloitte also has open positions for blockchain specialists, data scientists and software engineers.
It is interesting that the three firms are planning to get more involved with blockchain technology, especially since they focus on key areas in the traditional money market. PwC is considered one of the top four professional services companies while Deloitte also focuses on delivering consulting services. MasterCard is one of the major card companies with a global audience.
Moving towards a blockchain future
The growing interest in blockchain technology by these major companies represents a major step forward for the blockchain community. The adoption of the technology by major firms will increase the chances of a blockchain revolution. It also means that the technology is rapidly becoming mainstream and this is also good news for the cryptocurrency market since digital currencies are supported by the same technology.
Massive adoption of blockchain will encourage traditionalists to accept cryptocurrencies and this could play out quite well for the future of digital currencies. It could result in price improvements for cryptocurrencies such as Bitcoin (BTC) whose performance this year has been underwhelming considering its impressive rallies in the previous year.