Salaries in the Canadian blockchain industry are amongst the highest in the country, according to a report released today from the Canadian Digital Chamber of Commerce.
The report utilized data from more than 150 cryptocurrency and blockchain firms, as well as information from the Canadian government.
The study was led by the Blockchain Research Institute (BRI) with backing from professional services company Accenture.
According to the report, Canada’s blockchain industry is in desperate need of legal clarity.
“While the research showed that the blockchain industry is diverse and growing in Canada, it also surfaced challenges regarding access to funding and business services, and uncertain regulatory environments,” said BRI chairman Don Tapscott.
The report asserts Canada is well-positioned to become a global leader in the blockchain industry. However, major challenges including funding, lack of regulatory environment, insufficient public education, and little to no cooperation of banking and auditing services, have slowed that process.
The average annual blockchain salary in Canada is more than $98,000, making blockchain careers among the highest-paying in the country.
“Canada’s existing innovation ecosystem offers best-in-class talent and pro-growth policies that can be leveraged to establish a leading global blockchain hub here at home,” said Tanya Woods, Managing director of the Chamber of Digital Commerce Canada.
“It is clear that Canada’s blockchain ecosystem offers tremendous opportunity to those interested in a career in this field.”