JPMorgan Opens 35 Blockchain Job Positions: Report

JPMorgan opens 35 new blockchain job positions and brings up 56 open positions total to its career page, as we can see more in our latest blockchain news today.

The mega-bank JPMorgan opens 35 open blockchain job positions posted on its website and this is possibly a record for any company in the space. The majority of the job openings posted over the past month are spread across the US, India, and Singapore with many o the jobs relating to Onyx, the division that was created back in October to oversee JPM Coin which is the bank’s payment token.

The number of blockchain engineer roles are now focused on integrating both the JPM Coin and LIink who was known as the Interbank Information Network at first which now counts over 400 other banks into the bank’s payment architecture. Once Onyx was launched, JPMorgan said that the new division provided about 100 jobs but the bank didn’t respond to comments at press time. Big banks are making noise about entering the crypto space as of late and they are keen on crypto custody and trading of digital assets so while JPM was relatively quiet on these fronts, there’s a lot going on behind the scenes when it comes to payments.

In contrast to the JPMorgan 56 Blockchain job search result, Goldman Sachs which restarted its crypto trading desk has just 2 blockchain or crypto-related jobs, BNY Mellon has four open positions and Morgan Stanley has also two blockchain job positions open. Thirteen of the job positions at JPMorgan relate to Liink and Onyx with three of them based in India who in Singapore and the rest in the United States.

There are also open positions for marketing management for Liink, as well as for the position in commercial real estate based in Palo Alto, California. JPmorgan engineers developed the Quorum blockchain protocol which is a privacy-centric version of the Ethereum blockchain that is designed for banking use cases. JPMorgan is building its JPM Coin and its Liink system on Quroum that has been handed over to the NYC-based Consensys.

Also, as we reported a day ago, JPMorgan sends primer on crypto to its private clients to educate them on the risks and opportunities of investing in crypto. The report came after CNBC reported in February that the bank’s co-president Daniel Pinto claimed that the demand for crypto isn’t there yet from clients for crypto services but it eventually will get there.