Blockchain needs regulation, scalability to close AI hiring gap

The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030.

Blockchain remains one of the smallest sectors in the tech industry, with over 300,000 global jobs, compared to more than 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph.

The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List.

While blockchain-based jobs had an average compound annual growth rate (CAGR) of 45%, outpacing most traditional tech sectors, it trails the AI industry’s 57% CAGR, according to the report.

The AI industry’s maturity and larger share of venture capital investment are the main reasons behind the hiring discrepancy, Vugar Usi Zade, chief operating officer of Bitget exchange, told Cointelegraph:

“Venture investors put more than $100 billion into AI startups in 2024, with AI-centric titles topping a million vacancies worldwide,” Usi Zade said. “Blockchain companies, meanwhile, advertise barely 20,000 openings and drew only about $5.4 billion in new funding during the same period.”

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Blockchain may generate over 1 million jobs by 2030

AI-related job listings have risen between 75% to 100% year-over-year, while blockchain job growth remains around the 45% to 60% growth range.

Blockchain could exceed one million jobs by 2030 if it managed to scale at the same rate as AI-based roles, the report predicted.

More regulatory clarity from bills such as Europe’s Markets in Crypto-Assets Regulation (MiCA) may encourage blockchain firms to increase their hiring efforts, Zade said:

“Europe’s MiCA rule-book, live since December 2024, is already thawing hiring freezes; similar clarity in the United States and Asia would unlock global head-count plans.”

“Second comes enterprise-grade performance: Ethereum’s Dencun upgrade cut typical layer-2 fees by more than 95%, signaling that blockchains can now handle corporate traffic at an acceptable cost,” he added.

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While blockchain-based jobs are poised for growth, “AI will naturally garner more talent in the next decade,” Jawad Ashraf, CEO of Vanar Chain, told Cointelegraph.

“This is because AI’s market integration has been faster than any other modern technology we can remember,” he said. “If you look at blockchain, we’re still very much focused on integrating with TradFi and broader Web3 markets like gaming, real-world tokenization, etc.”

“Blockchain still hasn’t penetrated the more conventional consumer-oriented markets. It will, in the near future, but we are not there yet,” he added.

Blockchain and AI are not competing for talent

“AI and blockchain aren’t competing for talent — they’re working together to create new opportunities,” Yakov Lebedev, chief business development officer at 3Commas, a trading automation solution, told Cointelegraph.

Combining the two technologies enables “sophisticated financial tools accessible for everyone, not just big institutions, he said, adding:

“Companies are paying top dollar for professionals who understand both AI and blockchain, recognizing the value of this cross-domain expertise.” 

Lebedev added that the integration of blockchain with AI is driving steady job growth in both fields, as financial and tech firms move integrated solutions from pilot programs into core operations.

Thanks to the synergistic benefits of the two technologies, blockchain job growth may start mirroring the AI industry’s, according to Adi Ben-Ari, founder and CEO at Applied Blockchain, an AI-powered blockchain development firm.

AI technology is “probabilistic and introduces uncertainty,” which creates more demand for blockchain and cryptographic technologies, he told Cointelegraph.

“AI produces outcomes that are not always accurate, can be fake, and can sometimes be incorrect,” he said. “This new uncertainty needs to be countered by a technology that brings absolute certainty, and this is where blockchain and cryptography come in.”

Ben-Ari added that blockchain’s ability to secure sensitive information through cryptography would become increasingly important as AI consumes larger amounts of personal data.

AI agents are already using cryptocurrency for autonomous transactions. On Dec. 16, 2024, Luna, an AI agent on Virtuals Protocol, paid another AI agent from STIX Protocol, in exchange for its image generation services — sending $1.77 worth of Virtual (VIRTUAL) tokens, onchain data shows.

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