The largescale adoption of cryptocurrencies and blockchain technology became the talk of the town when mainstream companies started adopting it to rebuild their financial and organizational structure. JPMorgan became the biggest depository in the United States when it recently made news with the launch of its own cryptocurrency, JPM Coin. Latest reports showed that the bank was hiring for more blockchain jobs than any other firm on Wall Street firm.
Sources have also stated that JPMorgan was the only financial firm in the top ten companies posting jobs with the keywords such as ‘blockchain’, ‘cryptocurrency’, or ‘Bitcoin’ since 2018. Job portal websites have stated that there was a 4,086% increase in the number of job postings related to cryptocurrencies and blockchain technology since 2016. The same report also showed that there was a 553% increase in job searches since 2016.
It’s notable that there’s a lack of financial and banking companies hiring for something that’s made to replace money.
– Andrew Flowers_ Economist at Indeed.com
In an overall spectrum, the only companies to hire for more blockchain-related jobs than JPMorgan were Accenture, KPMG, EY, IBM, Cisco, and Deloitte. Out of the top companies, Deloitte came out on top in terms of blockchain-related jobs. JP Morgan was in the news recently when the World Bank said that the bank, along with Ripple, SWIFT, and Circle, was developing innovative cross-border payment solutions. The World Bank released a blog that talked about the remittance market and how companies such as Ripple and JPMorgan were using Distributed Ledger Technology [DLT] to reduce the cost of cross-border transactions to make it more efficient.