It has been a wider known truther that the largest bank in America seeks to rush towards a blockchain revolution. Recently, JPMorgan has been posting numerous blockchain-jobs as compared to any other Wall Street financial firm. With keywords like “cryptocurrency”, “bitcoin”, or “blockchain”, Indeed.com has JPMorgan as the only company out of top 10s posting jobs with such keywords.
Recently, in February 2019, JPM Coin was launched by JPMorgan Chase & Co., as a plan to simplify payments between clients using blockchain. They also created a version of the ethereum blockchain – Quorum, which was similarly designed for enterprises to capitalize over the perks of using a shared ledger, with more privacy and better speeds.
Apart from JPMorgan Chase, the only companies posting more jobs like these were IBM, Accenture, EY, Deloitte, KPMG & Accenture.
Economist Andrew Flowers from Indeed.com had to say
“It’s notable that there’s a lack of financial and banking companies hiring for something that’s made to replace money”
Where he added furthermore,
“Job seeker interest has collapsed because it tracks the price of bitcoin. Job seeker interest is as volatile as the price of bitcoin.”
Enterprises are on the verge of exploring the similarities of shared ledgers, despite the fact of letting decentralized blockchain ledgers powering bitcoin which first promised to let individuals move value without middlemen like banks.
Expected areas, like Silicon Valley and San Francisco are taking the top two positions for most job postings. In case of New York City, Newark , New Jersey and Jersey City; are collectively holding the 3rd position.
Areas like Seattle, Texas, Austin, Boston, Los Angeles, California, Massachusetts, Denver, Washington, and Washington DC make it to the top ten location where jobs have been posted inclusive of words “blockchain”, “bitcoin” or “cryptocurrency”.