State of Blockchain Development Report Ranks 15 Platforms (Non-Cryptocurrency)
The cryptocurrency market might be struggling right now, but a new report on the state of non-cryptocurrency blockchain development shows how developers and learners interact with a whopping 15 different platforms.
"The State of Blockchain Development" is actually just one part of the 23rd edition of SlashData's "State of the Developer Nation" report, an ambitious serial endeavor that reports on the latest trends from more than 26,000 developers. The new report is based on data collected in a Q3 2022 survey of the Developer Nation, described as "a global community engaging thousands of developers of all shapes and sizes across the globe, enabling them to benchmark themselves against the developer nation." SlashData, which describes itself as "the analyst of the developer economy," helps firms understand software developer audiences and measure the ROI of their developer strategies.
The report finds that about a quarter of the Q3 respondents (24,489) are currently working on or learning about blockchain applications, excluding cryptocurrencies.
As the graphic above shows, SlashData collected data on three blockchain technologies: cryptocurrencies, non-cryptocurrency apps and non-fungible tokens (NFTs). While noting that cryptocurrencies are most salient to developers, with 26 percent of respondents either learning about or currently working on such projects, SlashData said non-cryptocurrency blockchain technologies aren't far behind, with 25 percent of developers being similarly involved. The blockchain chapter of the report focuses only on blockchain applications other than cryptocurrencies because SlashData believes they have the widest range of use cases and so have the most potential to shape the world.
The report shows that in North America (identified as a hotbed of blockchain development along with East Asia), almost as many developers are currently working on blockchain projects as are learning about them.
It further indicates that developers most likely to be working on blockchain projects have six to 10 years of experience.
"It's likely that these developers have reached the point in their career where their technical skills are sufficiently advanced to enable them to work on such demanding projects," SlashData said. "On the other hand, we see that the least and most experienced developers are the most likely to be disinterested in such projects. Those with less than a year under their belts have yet to build their knowledge, while the most experienced developers may be looking to maintain some stability in their career and are reluctant to change tack."
SlashData observed that many of the least-experienced developers are actively learning about blockchain technologies, thus constituting a strong pipeline of future contributors.
"Developers with 11-15 years of experience under their belts show the most passive interest in blockchain applications -- whilst they aren't learning about or working on such projects, 32 percent are interested in some way," SlashData further commented. "These developers are at the zenith of their careers and whilst they are some of the least likely to be learning about the technology, they are also some of the most likely to be currently working on it. These developers are likely keeping a close eye on developments in the space -- should they spot an opportunity, they will be able to pivot their considerable experience to become effective contributors to the space."
The report also found that Ethereum was the most dominant platform while also being the only one more popular among learners than developers. SlashData said that meant the Ethereum ecosystem is in good shape, being large and enjoying a healthy pipeline of new contributors.
"Despite the hype, blockchain technologies are still somewhat in their infancy," SlashData said in conclusion. "Blockchain, much like cloud computing fifteen or so years ago, has the potential to underpin and enable many other technologies and experiences, but as we saw earlier, only 9 percent of developers are currently working on such projects. Rather than affecting an instant technological transformation, blockchain technologies have the opportunity to become a foundational technology on which our digital experience sits, much like TCP-IP -- the building blocks of the internet -- and developers will be key players in shaping this particular view of the future."
David Ramel is an editor and writer for Converge360.