Any blockchain developer will tell you that their skills are in high demand right now.
Because of this, they can command extremely high salaries - in some cases up to the equivalent of up to $180,000!
Are you searching for new candidates to fill a blockchain developer position in your company? You need to know that your money is going to get you real results.
Here's what to look for when hiring a new blockchain developer.
Blockchain and the Internet of Things
The Internet of Things (IoT) is the term used to refer to interconnected devices forming a network across communities.
This specifically refers to things that weren't connected to the internet previously. Like fridges, thermostats and other smart household items. As well as new voice-recognition and response technologies like Amazon's Echo and Google's Alexa.
It's not a gimmick. It has real practical uses for business, like taking charge of document control with unique identifiers and aid financial services and markets by helping to prevent money laundering.
Blockchain could even revolutionize the pharmaceutical supply chain by weeding out fake drugs.
They Know Economic Principles and Use Them
The average blockchain developer is generally highly intelligent and has traced the technology from the time it first emerged.
A blockchain system acts as a permanent record of transactions, or exchanges, which take place. They will know the full details of this inside out, so don't be afraid to prompt them to share their knowledge.
The economic principles behind these exchanges keep their minds sharp. Expect them to be able to grasp sophisticated concepts in moments. A little interview test might not be a bad idea.
This knowledge that makes them highly aware of the intricacies of business dealings. But their ethos can stray a little from the corporate path.
They Are Curious and Have Strong Views
Blockchain is most widely known due to its role in the creation of virtual 'currencies' such as Bitcoin. The way blockchain works to create these outputs, and the surrounding debates, are very intellectually stimulating.
No developer who's interested in blockchain can stop themselves from talking about it. So you'll be able to tell who's really passionate about the subject during the interview - they'll have a huge bank of knowledge about it.
And there's nothing wrong with the principle of Bitcoin itself. In fact, many people have taken advantage of the currency as an investment opportunity. But the anonymous nature of its transactions has led it to be used by criminals to avoid identification.
This characteristic of blockchain means that developers interested in this technology have often got strong opinions.
These surround things such as the principles of web freedom and anonymity. Sometimes, they may share a controversial point of view about techno-capitalism.
This may not be compatible with all business models. Though you should make an exception for the true professional who can put their personal views aside to work on your projects.
They're Always Up to Date
Devotees of blockchain are hugely enthusiastic about this new technology, and spend a lot of their time reading, talking online and attending conferences relating to it.
Be sure to ask your candidates what they've recently learned, and what they think the most exciting developments in the space are.
The most dedicated candidates may well have recently had a chat with a thought leader about the latest news and will be happy to share this with you.
It's a tightknit community, so if you can identify someone who either has close ties with - or is themselves - a leading light, this is a good sign they're keeping up with the times.
That's crucial given the speed at which blockchain has taken off. You need someone who is sprinting alongside the front of the pack, not picking up the pieces slowly at the back.
Should I Pick a Specialist or a Newbie?
We've already mentioned that a blockchain developer can represent a huge cost to your company.
You need to decide whether you want to sink money into a developer who has proven themselves in this space. Or pay less for an experienced developer who is keen to be involved in an exciting space.
You'll definitely have more applicants for the latter, and that's part of the problem. This is compounded by the fact that realistically, both will have many similar traits.
It's a cost-benefit ratio you need to figure out on the strength of their CVs and interviews.
The Blockchain Developer Fits Your Company
As with all recruitment tasks: When deciding on the most suitable blockchain developer, it's important you find not only the person who fits the role.
They need to be a good fit for your company too. Hopefully, they'll be asking questions about workplace culture as well as role-specific queries. If they don't, and don't seem interested - this could be a warning sign.
Especially if you run a small business with a close-knit team. There's no time for anyone to be an island, no matter how intelligent they are. So it's no use hiring the most knowledgeable candidate if it's fairly obvious that there's no way they'll feel at home.
You don't want to be stuck paying an expensive salary for a few months only to have to re-hire afterward!
Could I Outsource a Blockchain Developer Instead?
If the cost problem won't stop buzzing around your head, there is a third option.
Outsourcing development of a blockchain platform can be a cost-effective route.
We offer fully integrated platform development and expert Internet of Things DevOps solutions with powerful technology to fit your needs.
So if an in-house solution looks too tricky, or you need support for your existing blockchain team, get in touch today.
We work closely with all our clients to innovate using this exciting new technology that will push you decades ahead of your rivals.