There is no escape from the blockchain revolution. Banks and mainstream IT companies have realized it and they are making preparations to face the new wave.
According to reports, companies have stepped up the recruitment process for blockchain technology related job positions. Online job portals are flooded with requirements from most of the leading banking, financial and technology firms. Surprisingly, most of the requirements are for newly created job profiles which were unheard of until now.
With some of the major banking and financial institutions heavily invested in the development of blockchain technology, other institutions are also following suit. These new job profiles are aimed at creating in-house blockchain resources which will be instrumental in the near future.
Companies looking to hire blockchain experts includes the likes of Cognizant Technology Services, The Bank of New York Mellon Corporation, JP Morgan Chase, Fidelity, American Express, Citigroup and more. The recent trend is an indicator of the future human resource requirements in the fintech sector.
Implementation of blockchain technology in mainstream banking and finance will increase automation, leaving many job positions irrelevant. At the