Everything You Need to Know About Recruiting and Hiring a Blockchain Architect
Why Hire a Blockchain Architect?
Blockchain technology is creating a global business ecosystem. The worldwide ledger (as Don Tapscott calls it) is projected to grow to $67.4 billion by 2026. Though the industry is still at the nascent stage, there are a plethora of startups entering the market. This has positively signaled venture capital funding and continuous investments to propel growth, including the related jobs to prosper across a multitude of industries.
On the other hand, the immutability structure of blockchain is strengthened by its architecture. It can be public, private, or even a consortium. Blockchain architects not only envision the enterprise infrastructure from a business perspective but also lead the project through top-tier decisions. They are the smart brains who bring the best out of tech and business models.
There are exciting opportunities for Blockchain Architects due to the fierce demand in converging domains. That’s why our tech hiring guide has deciphered the secrets of making the best hire for your company. Have a great read.
What is a Blockchain Architect?
A blockchain architect works with technology and R&D teams to design and develop solutions for leveraging cross-asset concepts and frameworks. The individual also establishes performance metrics to measure blockchain performance.
If you ask Alberto Cuesta Cañada, Co-Founder | Technical Lead @ Yield about his stint as a Blockchain Architect, he says the role is a bridge between business and technology. You need to talk to the business side to understand their needs and discuss the same with the technology side to determine what’s possible. Then you need to come up with proposals and iterate until there’s an acceptable solution by both parties. At the final stage of implementation, you should modify the idea to diffuse the challenges and arrive at a consensus.
A blockchain architecture career needs expertise in cryptography, Tokenomics framework, database architecture, and design to innovate solutions for building and supporting client systems and applications on distributed ledger platforms.
Why are Blockchain Architects in High Demand?
The best thing about this career is that you don’t only code or develop the system but also consider business perspectives. For example, blockchain architects are in high demand in the financial industry as they need software solutions for cryptocurrencies and also for record-keeping, and digital notary.
A nerdy blockchain Architect will have 90% of the code completed with a normal technology stack, and minimal complexity in smart contracts. A hiring manager’s dream indeed!
The U.S.Bureau of Labor Statistics predicts the job outlook for Blockchain Architects at 22% between 2020 and 2030.
Average Pay for a Blockchain Architect
As per Glassdoor estimates, the national average for a Blockchain Architect salary in the USA is $1,10,014 per year, with an added compensation between $2,212 – $4,17,107
Blockchain Architect KPIs
Technology and business acumen are always a Blockchain Architect’s assets. But their success depends upon how well they grasp the need and communicate the proposal.
We have a curated list of KPIs for the role for your reference.
- Test harness
- Client interaction
- System under test
- Nodes under network
- Network size
- Blocks per hour
- Blocks per day
- Query performance
Blockchain Architect Job Description
The learning curve to become a Blockchain Architect is very short, but fast-paced too. Most of the aspirants learn the fundamentals from web tutorials and follow industry leaders like Haseeb Qureshi on the internet.
Nevertheless, the job description of a Blockchain Architect is helpful for both the candidates and the tech recruiters.
- Solid work experience in software development
- Proficiency in programming languages Golang and Node.js
- Strong exposure to open source projects.
- Knowledge of standard algorithms and data structures
- Collaborate with cross-functional teams for ideations
- Knowledge of the top blockchain networks like Bitcoin and Ethereum.
- Write multithreaded code for block building
- Understand the latest trends in the Blockchain ecosystem and its standards
Blockchain Architect Interview Questions
1) What is the influence of Blockchain Technology on the Finance sector?
2) What are ‘Blocks’ in Blockchain Technology?
3) How can a Blockchain recognize a block?
4) List the 3 types of Blockchain Networks
5) Why is it not possible to change the data after it’s been recorded in a block?
6) What are the essential items for a blockchain Ecosystem?
7) How do ‘Proof of Stake’ and ‘Proof of Work’ differ from each other?
8) Name a few popular platforms for building Blockchain applications
9) What kind of records can be commonly stored in a Blockchain?
10) List a few benefits of Blockchain
Best Practices For Hiring Blockchain Architects
The peculiarity of hiring a Blockchain Architect is their skill sets differ according to projects and the underneath business logic. On the flip side, the Blockchain Talent Gap cautions that candidates fail to apply the right technology to the right problem sets. Ergo, as an evolving field, it requires everyone in the recruitment process to know about the latest trends and applications.
Rserach suggests that there is a gap in candidate evaluation procedures. A majority of the recruiters are still stuck in the age-old recruitment methods. That’s why hiring red flags like over-reliance on credentials rather than competencies and lack of advanced evaluation tools in skill assessments have severely limited the talent pool.
Opportunely, recruitment software like Glider AI takes candidate evaluation to the next level. Through a structured and standardized process, interviews are made candidate-friendly and also accurately assess skills and competencies. Hiring is not only bias-free but evaluated on real-world scenarios as well.