Do you want to work in the blockchain sector? You have to go to Singapore!

A study commissioned by the Blockchain Associations shows that Singapore is the largest hub for blockchain projects globally.

I had published last week the data of a research developed by Linkedin Learning, where it was highlighted that the most sought-after skill in 2020 by world companies was "Blockchain expert".

As proof of this data, research commissioned by Blockchain Associations, an association of industry leaders that supports the innovation and collaboration necessary to support the American leadership in the digital resources sector, also arrives.

Since 2016, the digital asset industry has grown very rapidly, employing 20,000 professionals in 2019.

Over 85% of employees in the encrypted space work for companies focused on three main service areas:

Exchange
Development
Mining.

Nearly 46% of employers with over 100 employees are exchanges.

As can be seen from the image, there are currently 48 companies with 100 or more employees. The main employer is the Asian exchange, Huobi Global (Huobi - HT token), followed by OKEx and Coinbase

Almost 40% of the projects that launched a token sale in 2019 are based in Singapore. This result for the Malaysian island derives from a progressive government open to the cryptocurrency business and all projects based on blockchain technology. The 37 companies that launched ICOs on the island raised over $ 160 million from investors.

China and the USA stand at 13.5% respectively. This is certainly due to the lack of clear legislation and restrictive rules on the part of the two countries.

As for the United States, 43% of the companies surveyed say that regulatory uncertainty imposes high legal burdens on their operations, while 91% asks for clear regulations to US lawmakers.

If Western lawmakers do not come to a conclusion, Singapore will surely gain further market share and become a main hub for employment in the blockchain sector.

Note that no important European country appears in the report. Only Great Britain with 2.7% but no longer falls into Europe. This shows that the old continent does not have the right mentality for new technology.

Needless to say, we are always forced to chase, this because of old bureaucrats who do not have an adequate vision of the future ahead of us.