Banking Sector Witnesses Surge in Blockchain Technology Related Jobs
Banking sector creates hundreds of job openings for experts in blockchain technology. 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....
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Companies are stepping up their recruitment process by offering a number of blockchain technology related jobs as companies realize the potential of the blockchain. According to Yahoo Finance, IBM recently announced that it was undergoing a major internal reorganization to focus on the blockchain. IBM has created a new unit called Watson Financial Services, which includes Watson, cloud, and blockchain-related strategy. Searching for Blockchain Technology Jobs. A search for blockchain jobs on sites such as Indeed and Monster.com bring up postings from companies such as Bank of America,....
The rising requirement of blockchain professionals in banking and financial sector has led to an increase in demand for Bitcoin and blockchain technology related courses. In an ideal scenario, the education sector works together with the industries to ensure a balance between the skilled workforce and job opportunities. But it is not always the case, especially when it comes to digital currency technology. The mismatch between job and education sector has led to many professionals and students registering for various online courses on Bitcoin and blockchain technology. At present, there....
An economic modelling study has concluded that Scotland stands to lose over 14,000 jobs in its financial services sector over the next decade if the country does not embrace the rushing wave of Fintech innovation. Like any other country in the world, Scotland’s financial services and banking sectors are, if the hype is to be believed, under the threat of an upcoming Fintech revolution with innovation such as blockchain at its fore. A report by the Centre of Financial Regulation and Innovation by Strathclyde Business School in Glasgow has revealed that Scotland could, in a worst-case....
Increased automation in banking and financial sector by implementing blockchain technology based smart contracts may not have a significant impact on employment opportunities in the sector. Bitcoin’s underlying blockchain technology has already expanded from just being a ledger, keeping a record of all transactions happening over the network to a widely adopted technology across industries. Smart contracts based on blockchain technology can be used to automate various process across industries. The major application of blockchain technology currently lies in the banking and financial....
The banking sector is enthusiastic to implement blockchain technology in order to automate most of the processes, This may lead to future job cuts in the sector. The banks were never charmed about Bitcoin for multiple reasons. For starters, when the digital currency was first introduced following the collapse of the US banking system, it was hailed as the killer of the traditional banking sector. As time passed, the digital currency gained enough traction to actually threaten the traditional banking industry with its easy and fast transactions at literally no transaction costs. The fierce....