Blockchain and Regional Workforce Development: Identifying Opportunities and Training Needs

Fynnwin Prager (), Jose Martinez and Chris Cagle
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Fynnwin Prager: Public Administration, CSU Dominguez Hills
Jose Martinez: Economics, CSU Dominguez Hills
Chris Cagle: South Bay Workforce Investment Board

Chapter Chapter 3 in Blockchain and the Public Sector, 2021, pp 47-72 from Springer

Abstract: Abstract Blockchain technology has the potential to transform public and private organizations worldwide, and its development and implementation in a given region will depend on legacy industries and infrastructure, developer and managerial talent, and local demand for the technology. Public organizations such as workforce development agencies and universities can identify employment opportunities and training needs around Blockchain systems, and facilitate the growth of regional Blockchain clusters. This study explores: projections of future development in Blockchain technology; potential impacts on the South Bay region of Los Angeles, California occupations and sectors; and proposals for educational and workforce training programs that can be implemented by local public organizations. Interviews with industry-sector experts emphasize the potential for Blockchain investment to increase operational efficiency and reduce transaction costs. Interviews with Blockchain technology experts highlight high demand for expertise in Blockchain software development, finance and accounting, and strategic development, as well as opportunities for entrepreneurs to develop innovative software and enterprise solutions.

Keywords: Blockchain; Workforce development; Regional economic development; New technology (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:paitcp:978-3-030-55746-1_3

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DOI: 10.1007/978-3-030-55746-1_3

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