Current Crypto Sector in Dire Need of Professional Education, Asserts Ripple Executive

Brian Njuguna   Aug 26, 2019 06:51 2 Min Read

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Ken Weber, the social impact head at Ripple, has asserted that global universities ought to expand their educational scope so that they can offer digital assets and blockchain programs. The training courses should correlate with the actual tasks needed in the crypto and blockchain industries.

Weber noted the huge deficit witnessed in this sector’s workforce, and this is being propelled by the lack of relevant educational resources. In his analysis, he cited a study that acknowledges the existence of a 517% rise in the demand for software engineers with a specialty in blockchain development in the last year. Nevertheless a vast gap exists because the supply is considerably outweighed by demand. 

He stipulates:

“A large part of the issue is that companies need two types of blockchain professionals. Firstly, they need engineers who possess a deep understanding of the technologies and can implement changes immediately. Secondly, they need to fill non-technical roles with senior employees who can make decisions involving the application of blockchain to business objectives. To do this, however, these employees need a working knowledge of the technology. The industry has a well-documented, yet growing skills gap that must be fixed.”

Weber has also called for blockchain courses to be more precise. Expressly, he notes that at least 40% of the top 50 global universities present more than one crypto or blockchain classes, but they are linked to distinctive areas, such as mathematics, law, business administration, and engineering. Weber believes these institutions can be more precise by presenting courses that relay the actual tasks in the sector.

Weber’s concerns correlate with Chen Xin’s views, a senior official at China’s Ministry of Industry and Information Technology, who recently affirmed that the present blockchain industry is being hindered by the structural scarcity of talents. 

Images via Shutterstock

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