22 september 2022 | CEOs

JPMorgan to recruit more blockchain experts

JPMorgan, the U.S. largest investment bank, is augmenting employees by posting job offerings in blockchain technology. 

JPMorgan has opened new positions to develop its blockchain efforts worldwide. Offerings include software developers, engineers, marketers and auditors focused on improving the database mechanism within the business network. Most blockchain-related job postings have been published by the bank in the past few days, according to LinkedIn. 

Vacancies mention JPMorgan looking for blockchain technology specialists in its affiliates across the globe, including the U.S., Singapore, India, Hong Kong, the U.K. and other countries. 

Earlier, the application set was developed. So that there exist JPMorgan Onyx, focusing on digital currency, and Liink, being a financial conglomerate’s network for interbank data exchange. Launched last October, Onyx aims to develop and maintain the JPMorgan Chase cryptocurrency, alternatively referred to as JPM Coin. 

These vacancies came shortly after the investment bank's analysts predicted. Based on their forecasts, Ethereum's impending transition from the Proof-of-Work algorithm to PoS is expected to drive a global staking yield hike, potentially causing a surge in payouts of up to $40 billion as early as 2025. 

Moreover, JPMorgan experts envision Bitcoin becoming an alternative to gold. Thus, the cryptocurrency could surpass the value of $140,000 in the long run. 

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