Blockchain has the potential to revolutionize financial services and will produce “astonishing creative destruction” and “even more upheaval than the Internet’s first information era,” according to The Globe and Mail.

“It is an unstoppable force that will make itself felt in almost every facet of our lives.”

So why, then, do so few in the tech world actually understand what blockchain is and how to leverage it?

William Mougayar, a blockchain author, investor, and advisor, says developers are catching on, but not quickly enough.

.@wmougayar says there are not enough #blockchain developers…and that’s a big problem for the industry #BCTECH #BCTECHSummit pic.twitter.com/g9TUCEBYLL

— TechPORTFOLIO (@TechPORTFOLIO) March 16, 2017

“I’ve been estimating the number of software developers that know the blockchain,” he says. “And last year it was about 5,000 to 7,000 in the whole world. Now we’re probably pushing 30,000 to 35,000.

“That is nothing.”

Just to contrast, Mougayar estimates that there are about nine to 10 million Java developers around the world.

Canada needs a “wake-up” call on blockchain.