In 2015, the World Economic Forum predicted that 10% of the world’s GDP would be stored using blockchain technology by 2027—a statement that caught many by surprise. Only a few companies had conducted proof-of-concept, and no real adoption had been experienced. A few years later, in 2017, blockchain had moved from just a conceptual buzz to mainstream business and real-world adoptions in several industries.
The new technology is quickly spreading in the Asia-Pacific region, and many countries in this region are ready to become leaders in blockchain human resources.
According to a recent report by Linkedin report, blockchain ranks high as a rising talent among several Asian countries including the likes of Singapore, Korea, China, Hong Kong, Japan, Taiwan, and Taiwan.
Below we will have a deeper look at the countries that are pioneering this blockchain technology revolution and how they plan to achieve the same.
Due to the acute shortage of blockchain engineers and developers, Getdone aims to provide a solution by hiring blockchain talents. The demand for blockchain developers is so high that employers have been forced to find other ways to work around the shortage.
Getdone’s role is to cut off the role of third parties by reducing commissions and ensure security and quick payment. The platform uses AI technology, which provides a self-recommendation function to connect clients with job-seekers. Additionally, the technology proposes an average budget for clients and also an average rate per hour based on a candidate’s profile.
The new platform will help new applicants to find better jobs more easily. New applicants can get jobs fast despite having no previous work history by scoring high on the test job.
The work visa program will target blockchain technology freelancers to address the demand for blockchain capable talents.
The program was launched through a partnership between Malaysia Digital Economy Corporation and Jobbatical—a job marketplace. Its primary purpose is to attract foreign nationals who will be allowed to stay in the country for a year to provide blockchain-related services and also undergo training on the same.
According to MDEC’s vice president, Norhizam Abdul Kadir, “We will be kicking it [the program] off starting with blockchain jobs. The number of visas to be issued depends on the projects that will be run by blockchain companies in Malaysia.”
In June this year, Majlis Perundingan Melayu, the Malaysian government advisory committee member signed a memorandum of understanding with IncuBlock, a blockchain hub based in South Korea to allow the development of blockchain platforms and decentralized applications that were seen as Halal (permissible) under the Sharia law.
Moreover, The Hong Kong government in September 2018, announced an initiative to attract blockchain professionals by simplifying the immigration policy.
A recent survey done by CEBNet revealed that about 12 publicly listed banks in China had adopted blockchain technology. Some of these banks are state-owned and privately owned. They include the Bank of China, Agriculture Bank of China, and China Merchant’s bank, respectively.
The China Banking Association recently launched a new blockchain-based platform for trade finance. Following this development, over ten banks in the region signed up for the platform. Additionally, cross-bank and cross-border loan insurances from small business have also adopted blockchain technology, and statistics reveal that blockchain has processed over $250 million worth of transactions so far.
These countries have made efforts to ensure that they pioneer the massive blockchain adoption in Asia. Many financial institutions and tech startups in this region look forward to adopting this technology to avoid being left behind in the blockchain revolution that is expected to disrupt many industries.
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Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
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Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. We aim to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
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