The US bank JPMorgan is hiring blockchain engineers who are trained in the development of Ethereum, Corda and Hyperledger glass door shows.
The listing is part of over 64 open positions Advertised by the bank starting today in locations from Bangalore to New York in primarily technical and development roles.
The bank is notorious for shunning Bitcoin and other cryptocurrencies in recent years, but it was turning a new leaf in early 2021 – when it even said the asset could see a price of up to $ 138,000 in the near future.
There are no similar price targets yet for Ethereum, the most widely used blockchain in the world. However, this does not prevent the bank from hiring talent who have experience developing applications for the protocol.
Wanted: Ethereum developer at JPMorgan
As listed for the blockchain software developer job, candidates are expected to work on developing and creating robust blockchain-based solutions and protocols for JPMorgan, if selected. They are also required to develop new blockchain-based product functionality for users.
In the “Required Skills” part, things get interesting for Ethereum fanatics. “Do you have practical experience in development on blockchain platforms such as Ethereum, Hyperledger or Corda”, it says in the listing. Applications must also have a background in computer science or mathematics.
The listing also requires a solid understanding of the cryptographic principles that support blockchain-based systems, and encourages applicants to “happily share blockchain knowledge with other developers”.
The job posting therefore comes days after JPMorgan participated in a recent fundraising round for Ethereum incubator ConsenSys Labs, in which companies like Mastercard and UBS invested a total of $ 65 million in the New York-based company.
However, the release isn’t the first time JPMorgan has shown interest in hiring blockchain developers. In 2019, as part of the JPM Coin project, the company was promoting positions for several people familiar with distributed technologies, and at one point even hiring more than ConsenSys.
JPMorgan’s job ad is based on the increasing interest of institutional and traditional companies in the cryptocurrency space.
As CryptoSlate previously reported, bank analysts said in a customer announcement that Bitcoin could see the USD 140,000 price level in the long term as the cryptocurrency gains popularity among investors instead of gold.
“A displacement of gold as an” alternative “currency means a big upward trend for Bitcoin in the long term,” wrote the strategists at JPMorgan Chase, headed by Nikolaos Panigirtzoglou. “However, convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and we think this will be a multi-year process,” the note added.
But in the face of the sudden change of bank from a naysayer to an admirer, who is to blame if such predictions lead to ruin again?
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