June 4, 2019

A blockchain talent shortage in China calls for closer collaboration

Bakyt Azimkanov

Global PR, Communications and Marketing Director

Cardano Foundation

The blockchain industry’s value in China is set to exceed US$116m (Rmb800m) amid a current shortage of more than 500,000 employees. More than 600 blockchain enterprises will be established in the world’s most populous country this year alone, according to the International Fintech Innovation Conference (IFIC) speakers.

As more traditional companies expect to enter the blockchain industry, the demand of talent and skills will exponentially increase. This paves the way for the industry to cooperate with local educational institutions to design blockchain-related academic disciplines, labs and practical training camps in China.

As such, IOHK, the Cardano Foundation’s ecosystem partner, is in discussions with Chinese universities to design and implement a Haskell language training course. The Cardano Foundation and its ecosystem partners already provide and support a number of educational initiatives in Africa, the Americas, Asia and Europe. Specifically, Haskell trainings and workshops are regularly conducted around the world, with recent courses taking place in Barbados, Ethiopia and Greece, and more in the planning.

In China, the Cardano Foundation has been fostering local community meetups in Hangzhou, Shanghai and Shenzhen and the Cardano community is set to expand to other cities of the country.

Cardano – with the support of the Cardano Foundation and IOHK – were introduced to the Chinese crypto space to highlight the latest blockchain trends to academics and potential ways of cooperation, as well as to policymakers and entrepreneurs attending the conference in Hainan Province’s Sanya, a national free trade zone.

The Chinese blockchain industry has flourished since 2018, with local Internet and financial institutions already investing in blockchains in areas such as finance, public welfare. and commodity traceability. Within the financial sector, cross-border payments and digital content copyrights protection are among the most popular.

Watch the video highlights here:

IOHK China attends IFIC

About the IFIC:
The International Fintech Innovation Conference (IFIC), themed “Unlocking the new economy”, was organized by the People’s Daily and the Sanya Municipal Government exploring the latest trends in blockchain, fintech and cross-border e-commerce as Hainan Province is increasingly piloting emerging technologies. More than 2,000 delegates took part in the 2019 conference.