US megabank JPMorgan to hire more blockchain talent

Some of JPMorgan’s new blockchain-related job applications seek candidates with experience in Bitcoin, Ethereum and proof-of-stake consensus mechanisms.

Major American investment bank JPMorgan is upping its blockchain hiring spree by posting a series of new blockchain-related job applications.

JPMorgan has opened multiple positions to pursue its global blockchain development efforts including job postings targeting blockchain-focused software developers, engineers, marketers and auditors. According to the company’s open positions on LinkedIn, many of these new blockchain-related job postings were published in the last few days.

The new job postings seek blockchain talent across several of JPMorgan’s branches worldwide, including the United States, Singapore, India, Hong Kong, the United Kingdom and other countries. The company posted more than 30 such openings over the past seven days in the U.S. alone.

A number of applications specifically target talent for JPMorgan’s digital currency-focused Onyx division as well as Liink, the company’s proprietary blockchain-based interbank data network. Launched last October, Onyx is focused on JPMorgan Chase’s in-house stablecoin known as JPM Coin.

One of the newly opened positions, a blockchain platform software engineer in Jersey City, New Jersey seeks experts specializing in blockchain security technologies, proof-of-stake algorithms, as well as experience with major cryptocurrencies like Bitcoin (BTC) and Ether (ETH).

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The new job postings come shortly after JPMorgan’s analysts forecasted that Ethereum’s upcoming transition from proof-of-work to proof-of-stake will boost global adoption of crypto staking yields, potentially triggering a surge of staking pay-outs up to $40 billion by 2025. The bank’s analysts also believe that Bitcoin could potentially evolve into a compelling alternative to gold and surpass a $140,000 price mark in the long run.