"There are 14 job openings for every one BLOCKCHAIN developer to save 50 billion in B2B transactions", tells Mckinsey
and writes that adoption of BLOCKCHAIN TECHNOLOGIES and SMART CONTRACTS, which are expected to reduce business costs by at least $50 billion by 2021 in B2B transactions alone. Business capital disproportionately outweighs the number of developers. 14 job openings for each programmer writes Techcrunch. With this disparity showing no signs of slowing down, competitive salaries keep rising, and it means a lot of industries are going to fall behind, fast. OLE solves this shortage. Anyone can program BLOCKCHAIN now.
McKinsey found 64 different use cases for BLOCKCHAINS in a survey of 200 companies. The report claims that the insurance industry has the largest non-bitcoin BLOCKCHAIN solutions, with 22 percent, followed by the payments industry, with 13 percent. Financial Services in general make up 50 percent of the total mix. In terms of dollars value, the biggest revenue generating sector is cross-border business to business payments, generating between $50-$60 billion, followed by trade finance with $14-$17 billion.