Applicants with experience in Bitcoin, Ethereum, and proof-of-stake consensus techniques are sought in some of JPMorgan’s new blockchain-related job applications.
By publishing a series of new blockchain-related job applications, major American investment firm JPMorgan is ramping up its hiring frenzy in the cryptocurrency space.
JPMorgan has posted job openings for a variety of positions to support its worldwide blockchain development activities, including vacancies for software developers, engineers, marketers, and auditors who are interested in blockchain technology.
Numerous new blockchain-related job posts have appeared on LinkedIn in the last few days, according to the company’s open positions listing on the social media platform.
Several JPMorgan branches throughout the world, including the United States, Singapore, India, Hong Kong, the United Kingdom, and other nations, have posted fresh job openings in search of blockchain talent in recent weeks.
Over the past seven days, the company has announced the launch of more than 30 new locations in the United States alone.
The Onyx segment of JPMorgan’s digital currency business, as well as Liink, the company’s own blockchain-based interbank data network, are the targets of a number of job applications.
Onyx, which was launched in October of last year, is focused on JPMorgan Chase’s in-house stablecoin, which is known as JPM Coin.
An open position for a blockchain platform software engineer in Jersey City, New Jersey is seeking individuals with expertise in blockchain security technologies, proof-of-stake algorithms, as well as experience working with key cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) (ETH).
Job openings have popped up immediately after JPMorgan analysts predicted that Ethereum’s imminent switch from proof-of-work to proof-of-stake will spur global adoption of crypto staking returns, potentially resulting in an increase in staking payouts of up to $40 billion by 2025.
Furthermore, the bank’s analysts believe that Bitcoin has the potential to develop into an attractive alternative to gold, with a price that might eventually approach $140,000 in the long run.