Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

By Brian Njuguna   Aug 18, 2019 1 Min Read

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Chen Xin, a senior official at China’s Ministry of Industry and Information Technology, has asserted that the digital economy has become a notable player in China’s development and economic growth. The trend witnessed is progressing at an alarming rate. 

The digital economy has emerged to be a formidable force in the present age as people’s work and lives are significantly transformed. For instance, costs have been reduced, whereas efficiency has been elevated. As a result, conventional industries have attained exceptional development standards.

Nevertheless, Xin affirms that a problem exists in the blockchain field based on the structural shortage of skills. As a result, this ought to be viewed as the primary hindrance of the blossoming of the current blockchain sector. 

Image via Shutterstock

About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.




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