The French blockchain ecosystem is growing, despite rather lackluster cryptocurrency markets in recent months. This is the conclusion of a report by the French Chain, which has mapped the state of the blockchain industry in France. 900 positions could therefore be filled over the next year. We look at the regions and sectors that bring together the most players.
The blockchain ecosystem is growing in France
France’s blockchain ecosystem has a bright future ahead of it, but it is currently very concentrated. 84% of companies are in fact gathered in three regions : Île-de-France, the PACA region and Occitanie. Île-de-France alone brings together two-thirds of companies:
Locations of blockchain companies in France
If we look at the number of employees, this concentration is even more marked. 73% of them would be located in three departments : Paris (which brings together 106 companies), Hauts-de-Seine (32 companies), as well as Bouches-du-Rhône (16 companies). According to the report, the trend has only strengthened over the past three years, with the number of French blockchain companies more than doubling. As blockchain is a high-tech sub-sector, it is bound to spread regionally as it is adopted.
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Blockchain in France: 900 jobs to be filled in the next 12 months
Although concentrated, France’s blockchain ecosystem has exploded in recent years. A proof of the sector’s dynamism is hiring, which is up over the coming year according to the report. The French Chain indeed estimates that 97% of blockchain companies in France want to create at least one job in the next 12 months.
Unsurprisingly, developers are the most sought after, with 82% of business needs. Salespeople are also particularly in demand (55% of future recruitments): they are followed by managers. In total, the report estimates that these are 900 jobs that could be created in the next twelve months.
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This wave of hiring is largely due to the good results of companies in the blockchain sector. On average, the latter saw an increase in their turnover of +250% between the penultimate exercise and the last. And they are internationally oriented. French blockchain companies generate on average 40% of their turnover abroad.
Who are then the largest employers in France ? Unsurprisingly, the Ledger unicorn comes out on top, with 671 employees. It is followed by Wakam (198 employees), then Sorare (170 employees). Coinhouse and Nomadic Labs close this top 5, with 83 and 80 employees respectively:
Biggest Blockchain Employers
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Cryptocurrencies, culture and infrastructure
Which blockchain sub-sectors are most represented? one might expect, cryptocurrency businessesare the most numerous in the blockchain sector. They are followed by companies operating in the world of entertainment and culture, as well as infrastructure. Support is also a particularly well-represented division:
The different sectors of the French blockchain industry
In an uncertain macroeconomic environment, the blockchain sector is therefore doing well in France , and it should continue to offer jobs in the coming year. The dynamism of the industry is in any case undeniable, and shows the growing appetite of larger players for these still very new technologies. It is therefore not surprising that we have seen several signs of openness on the part of the government in recent months.
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Source: La French Chain, Cartography of the French blockchain ecosystem
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