JPMorgan Releases 34 Blockchain Jobs as It Beefs Up JPM Coin

[Cordillerabit]

JPMorgan Chase & Co., a major American bank, has 34 open blockchain positions on its website.

It could be a new high for any company in the space (JPMorgan has been noted for its enthusiastic blockchain hiring in the past).

The majority of the job openings this month and last month were posted in the United States, India, and Singapore. Many of the positions are related to Onyx, the division established in October of last year to manage JPM Coin, the bank's wholesale payment token.

A number of the blockchain engineer positions at JPMorgan are focused on integrating JPM Coin and Liink (the blockchain-based Interbank Information Network, which now has over 400 other banks as participants) into the company's payments architecture.

JPMorgan estimated that the new Onyx division would employ around 100 people when it was launched.

By the time of publication, JPMorgan had not responded to requests for comment.

Big banks have been making noise about entering the cryptocurrency space recently, looking into areas such as crypto custody and possibly digital asset trading. While JPM has been relatively quiet on these fronts, there is clearly a lot going on with payments behind the scenes.

In contrast to JPMorgan's 56 "blockchain" job search results, Goldman Sachs has only two blockchain/cryptocurrency job openings, despite recently announcing the relaunch of its crypto trading desk to Reuters. Morgan Stanley has two blockchain positions open, while BNY Mellon has four with blockchain and digital assets in the job title.

Thirteen JPMorgan positions are related to Onyx and Link, with three in Bangalore, India, two in Singapore, and the rest in the United States. There are also open positions for a Liink marketing manager and a blockchain-related position in commercial real estate in Palo Alto, California.

The Quorum blockchain protocol, a privacy-focused version of Ethereum aimed at banking use cases, was created by JPMorgan engineers. JPMorgan is using Quorum to build its JPM Coin and Liink system, which has now been handed over to Ethereum hub Consensys in New York.

Source: Bityard