U.S. banking industry adds blockchain-related jobs

Baozou Commentary : Every technological advancement will change the talent market. Blockchain technology may be the most influential technological change at present. Therefore, while eliminating some jobs, it will also create other new jobs. Therefore, we must seize the opportunity of social progress and become new technical talents to avoid being eliminated. Just like American banks and financial institutions, more and more companies need blockchain technical talents. We should recognize this trend and take advantage of it.

Translation: Annie_Xu

Companies are gradually realizing the potential of blockchain and starting to recruit for related technical positions.

According to media reports, IBM recently revealed that it is undergoing internal reorganization to enhance the strategic position of blockchain technology.

IBM has established Watson Financial Services, which includes Watson artificial intelligence, cloud computing, and blockchain-related strategies.

Blockchain technology related job recruitment

Several U.S. recruitment websites show that companies involved in blockchain job recruitment include Bank of America, IBM, JPMorgan, Capital One, and so on.

And the demands for these positions are unprecedented.

Financial institutions and banks have invested heavily in blockchain technology, which has led to its rapid development, and other institutions have also joined in. People hope that these positions will train internal blockchain experts for enterprises and become the backbone of future technology development.

Regarding this phenomenon, the media commented that "the move by large banks, payment processors, and financial companies to recruit for these positions is surprising"; in the past, such recruitment information appeared in payment applications that use the Bitcoin blockchain, such as Circle, and this form is relatively common in the blockchain field.

Automation will replace many jobs

Of course, the application of blockchain technology may gradually replace certain jobs.

CNN Money reports that automated retail banking will replace 30% of banking jobs between 2015 and 2025.

However, there is no need to worry about this at present, because we are still in the stage of understanding and exploring blockchain technology; for this reason, companies need to increase the number of relevant technical R&D personnel.

As more and more companies begin to pay attention to blockchain, the demand for blockchain technology experts will increase from the current hundreds to thousands.