Vietnam Requires a Serious Hunt For Blockchain Talent in The Nation

Vietnam is facing a profound scarcity in blockchain talent.
Members in the nation’s blockchain industry are calling on authorities to act upon it.
The US remains the hub to 40% of the global blockchain activity.

Vietnam Government Should Focus on Blockchain Sector

Blockchain technology has put a spurt on since the concept made its way to the mainstream. Today, many people think of a cryptocurrency when they hear the term but it’s much more than that. Global adoption is a proof of its potential. Recently, members in Vietnam’s blockchain sector are calling the country’s authorities to put a greater emphasis on this industry.

Pham Van Huy, CEO of MoonLabs, told a local newspaper that “The nation’s facing a huge scarcity in talent. The government needs to turn their heads towards the sector to fill these gaps.” He added that “It is hard to recruit human resources focused on this sector given the concept is new to majority of the world population.”

Currently, the country is lagging behind programs to educate people regarding the concept, neither are there any IT centers in the nation. Several governments worldwide are exploring this tech to understand its applications in different sectors. Organizations like Micriosoft, Verizon, IBM and more, are already using blockchain to enhance their operations.

He also emphasized that the government should initiate an employee retention plan to bring back the experts who have left the country for a better future. Though it is difficult to attract them back to the country, the authorities and organizations can work together and offer some mouth watering packages to catch their eyes.

According to Duc Trung, Vietnam may soon establish courses and training centers to enhance blockchain education among the folks. They are not the only nation facing scarcity in industry talents. Several countries including China, the United States and more are facing similar issues. People usually migrate to the places where they can use and monetize their skills in an industry.

The technology has made its way to the mainstream and companies in the developed nations are already leveraging blockchain. Japan remains one of the first countries to use the tech. It started mining Bitcoin when the digital asset did not have the popularity it is enjoying today. In April 2017, the Tokyo government announced that they are legalizing crypto assets like BTC to operate freely in the country.

Zug, a town in Switzerland, is considered as the “Crypto Valley” of the nation, given that it has over 450 blockchain-based associations registered there. The United States remains the major entity to use the technology. From blockchain-based research associations to Bitcoin ATMs, the nation is home to over 40% activity in the sector.

If people can jog their memories to the 90s, the dot com bubble burst unexpectedly to create a whole new digital world we call the Internet today. The ones who are lagging behind in blockchain education, should arm themselves with the industry knowledge to prepare for a similar impact people felt during the 90s.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing