The Good Tech Companies - KuCoin Study: 82% of Vietnam's Gen Z See Future in Blockchain Careers

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. KuCoin Study, 82% of Vietnam's Gen Z See Future in Blockchain Careers, by Ashan Pandey Hashtag Rising Interest in Blockchain Careers Among Vietnamese Youth A comprehensive survey conducted by cryptocurrency exchange KuCoin at the Vietnam Technology and Investment Summit, VTIS, 2024 has revealed significant interest in blockchain careers among Vietnamese youth. The study, which surveyed 926 participants during December 3-4, 2024, found that 82% of respondents are actively considering careers in the blockchain industry, marking Vietnam as an emerging center for blockchain talent development.

Starting point is 00:00:44 The demographic composition of the survey participants reflects a notable youth presence, with 48% under 25 years old and 28% between 25 to 40 years old. This age distribution suggests a strong inclination among early and mid-career professionals toward blockchain technology adoption. The survey also revealed a relatively balanced gender distribution, with 56% male and 44% female respondents, indicating broad appeal across gender demographics. Professional aspirations and industry perspectives. The survey uncovered detailed insights into professional preferences within the blockchain sector. Data analysis emerged as the most sought-after career path, attracting 24% of

Starting point is 00:01:25 respondents, followed by marketing, 22%, and business development, 21%. This distribution suggests a mature understanding of the industry's various roles beyond technical positions. Community management garnered 19% interest, while both strategy and research and growth operations development attracted 18% of respondents. The survey also revealed interest in administrative roles, 15%, development and engineering, 14%, and design and user experience, 11%. Notably, only 2% of respondents were unsure about their career interests, indicating a high level of career clarity among participants.

Starting point is 00:02:09 Market maturity and industry outlook, the survey provides compelling evidence of Vietnam's maturation as a cryptocurrency market. A significant 73% of respondents reported holding cryptocurrency assets, with the majority maintaining holdings above 1,000 USDT. This high adoption rate suggests a well-established foundation for further industry growth. The study identified several key factors driving interest in blockchain careers. The industry's bright outlook was cited as the primary attraction, garnering 26% of responses. Workplace flexibility emerged as another significant factor, with approximately 20% of respondents valuing flexible working hours, compensation plans, and work locations. Career advancement opportunities, 21%, and professional skill

Starting point is 00:02:51 development, 19%, were also highlighted as important motivators. Demographic and educational implications, the career backgrounds of survey participants revealed a diverse mix, with students comprising 32% and freelancers 22% of respondents. The financial sector contributed 13% of participants, while technology professionals made up 10%. This diversity suggests broad cross-sector interest in blockchain technology and indicates potential for interdisciplinary development within the industry. The overwhelmingly positive sentiment toward cryptocurrencies, with 92% of participants expressing optimism about their future, suggests a robust foundation for sustained industry growth.

Starting point is 00:03:33 The high level of current cryptocurrency ownership, 73%, among respondents further reinforces Vietnam's position as a mature market for blockchain technology adoption. This research, conducted as part of KuCoin's educational initiatives, provides valuable insights for investors, organizations, and individuals interested in the blockchain industry's development in Vietnam. The findings suggest that Vietnam is positioned to play a significant role in the future of blockchain technology, backed by a young, enthusiastic workforce with clear professional aspirations and a strong understanding of the industry's potential. Educational landscape and career development. The KuCoin Campus report highlights significant

Starting point is 00:04:14 implications for blockchain education and professional development in Vietnam. The survey's findings indicate a strong correlation between educational background and industry interest, with 32% of participants being students actively pursuing various fields of study. This substantial student representation suggests that educational institutions may need to adapt their curricula to meet the growing demand for blockchain-related skills. The survey reveals a sophisticated understanding of the blockchain ecosystem among participants. Rather than focusing solely on cryptocurrency trading, respondents demonstrated interest in the technological and operational

Starting point is 00:04:50 aspects of the industry. This maturity in perspective suggests that Vietnam's emerging blockchain workforce is positioned to contribute across various specialized domains, from technical development to business operations, Industry benefits and professional motivations. The survey provides detailed insights into what attracts individuals to blockchain careers. The industry's promising outlook emerged as the primary draw, with 26% of respondents citing this as their main motivation. This optimism appears to be grounded in tangible benefits rather than speculative interest. Respondents valued the industry's flexible work arrangements, with approximately 20% each highlighting the importance of flexible

Starting point is 00:05:29 working hours, compensation structures, and workplace location options. Professional development opportunities emerged as another significant factor, with 21% of participants attracted to rapid career advancement possibilities. The emphasis on skill enhancement, 19%, indicates that participants view blockchain careers as opportunities for long-term professional growth rather than short-term gains. This perspective suggests a maturing industry that offers sustainable career paths rather than merely speculative opportunities. Cross-sector integration and market maturity. The survey reveals interesting patterns in cross-sector integration, with participants coming from diverse professional backgrounds.

Starting point is 00:06:10 Beyond the 32% student population, the survey included significant representation from freelancers 22%, finance, fintech professionals, 13%, and technology specialists, 10%. This diversity indicates that blockchain technology is attracting talent from various sectors, suggesting potential for broad industry application and integration. Healthcare, 4%, education, 3%, and government sector employees, 2%, also showed interest in blockchain careers, albeit in smaller numbers. This broad sectoral representation suggests that blockchain technology's impact may extend beyond its traditional finance and technology domains.

Starting point is 00:06:51 The diversity of interested sectors indicates potential for widespread adoption and implementation of blockchain solutions across various industries. Workforce development and skills gap analysis. An important finding from the survey relates to the alignment between current skills and industry needs. While 24% of respondents expressed interest in data analysis roles and 22% in marketing positions, the survey also revealed potential gaps in technical development roles, with only 14% interested in developer or engineer positions. This disparity suggests a potential need for increased focus on technical education and training programs. The strong interest in

Starting point is 00:07:30 business development, 21%, and community management, 19%, roles indicates recognition of the importance of non-technical positions in the blockchain industry. This balanced distribution of interests across technical and non-technical roles suggests an understanding of the industry's diverse needs and opportunities. Gender dynamics and industry accessibility. The relatively balanced gender distribution among survey participants, 56% male, 44% female, suggests that Vietnam's blockchain industry may be more accessible and appealing to diverse demographics compared to global trends. This gender balance, particularly notable in a traditionally male-dominated tech sector,

Starting point is 00:08:14 could indicate Vietnam's potential to develop a more inclusive blockchain ecosystem. The survey's findings suggest that Vietnam's blockchain industry is positioned for sustainable growth, supported by a diverse, well-informed workforce with clear professional aspirations. The high level of interest across various sectors and demographics indicates potential for broad-based industry development and innovation. Future implications and strategic outlook from KuCoin's Vietnam survey. Market evolution and growth potential The KuCoin Campus report presents compelling evidence of Vietnam's evolution as a significant blockchain hub. The high percentage of cryptocurrency holders, 73%, among survey participants, coupled with the fact that most hold assets exceeding 1,000 USDT,

Starting point is 00:08:58 suggests a mature market understanding rather than speculative interest. This maturity is particularly noteworthy given that 48% of participants are under 25 years old, indicating early adoption and sophisticated financial awareness among Vietnam's youth. The survey's timing and location at VTIS 2024 provided a unique snapshot of sentiment among those actively engaged with technology and innovation. The strong positive sentiment toward cryptocurrencies, 92%, and blockchain careers, 82%, suggests that Vietnam is positioned to become a significant contributor to global blockchain development, particularly in talent provision and innovation. Educational and professional development needs. The survey highlights several critical areas requiring attention for sustained industry growth.

Starting point is 00:09:42 While interest in blockchain careers is high, there appears to be a need for structured educational pathways and professional development programs. The strong preference for data analysis roles, 24%, suggests a need for specialized training programs focusing on blockchain data analytics and interpretation. The relatively lower interest in technical development roles, 14%, compared to business-focused positions indicates a potential skills gap that needs addressing. Educational institutions and industry stakeholders may need to collaborate to develop targeted programs that balance technical and business skills, ensuring a well-rounded workforce capable of driving industry innovation. Strategic market implications. For industry stakeholders,

Starting point is 00:10:30 the survey results present several strategic considerations. 1. The high proportion of students, 32%, and young professionals indicates a need for entry-level positions and structured career development programs. 2. The diverse professional backgrounds of participants suggest opportunities for cross-sector collaboration and innovation. 3. The balanced gender distribution, 56% male, 44% female, presents an opportunity to develop a more inclusive industry environment. Long-term industry outlook, the survey findings indicate several key trends that could shape the industry's future, the strong interest in flexible work arrangements suggests a shift toward more adaptable organizational structures. The emphasis on professional development indicates a maturing industry focused on sustainable growth rather than short-term gains. The diverse range of interested sectors suggests potential for broad blockchain technology adoption across various

Starting point is 00:11:20 industries. Closing thoughts. The KuCoin Campus report provides valuable insights into Vietnam's emerging position as a significant blockchain hub. The combination of high cryptocurrency adoption rates, strong interest in blockchain careers, and a young, diverse workforce suggests that Vietnam could play a crucial role in shaping the future of blockchain technology. The survey's findings indicate that Vietnam's blockchain ecosystem is characterized by mature market understanding, diverse professional interests, and strong growth potential. However, realizing this potential will require coordinated efforts from educational institutions, industry stakeholders, and policymakers to develop

Starting point is 00:11:59 appropriate training programs and create suitable employment opportunities. As the blockchain industry continues to evolve globally, Vietnam's position as a source of talent and innovation appears increasingly significant. The high level of interest and engagement among young professionals, combined with a balanced gender distribution and diverse sectoral representation, suggests that Vietnam's blockchain ecosystem is well-positioned for sustainable growth and development. The survey's insights extend beyond Vietnam, offering valuable lessons for other emerging blockchain markets. The emphasis on professional development, flexible working arrangements, and diverse career opportunities could serve as a model for developing blockchain

Starting point is 00:12:39 ecosystems in other regions. As the industry continues to mature, Vietnam's experience could provide valuable insights into success fully nurturing a blockchain-ready workforce and fostering sustainable industry growth. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - KuCoin Study: 82% of Vietnam's Gen Z See Future in Blockchain Careers

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