Financial industry behemoths are rapidly recognizing the potential of digital assets and blockchain technology and thereby employing novel measures to employ cryptocurrency in their ecosystem.
BlackRock Financial Management Inc is the latest to jump the bandwagon as the company recently opened Vice President Blockchain’s position.
BlackRock To Hire Vice President for Blockchain
BlackRock is currently recruiting for a blockchain expert who can implement and create Blockchain technology strategies and help the company to enhance its value proposition. While the job posting is for the New York office, experts believe that the firm is looking to expand its footprint in blockchain space. BlackRock holds Bitcoin indirectly as it is associated with MicroStrategy that invested heavily in Bitcoin in recent times and has around 70,470 BTC.
Leading financial firms are continuously exploring the digital assets and blockchain space to augment their businesses to catch up with the rapidly digitalizing ecosystems. As the global economies undergo a major transformation, physical currency is losing its shine, and digital assets and payments are on the rise.
Competitors like Grayscale are constantly attracting investors by offering attractive crypto funds and products based around Bitcoin and other cryptocurrencies. While BlackRock may lose the battle with its long term investment products, the new age offerings like BTC and Ethereum investment fund may help the company to keep its investors hooked. Recently BlackRock CEO Larry Fink showed some inclination towards Bitcoin, stating that it has caught many people’s attention and imagination.
BlackRock is a leading financial technology provider that helps clients attain financial prudence plans and assist them in planning financial goals. The company manages more than $7.81 trillion in assets for its investors.
The Vice President Lead Blockchain position listed on the BlackRock careers website detailed the requirements for the role. It included a master’s degree in economics or business administration and at least four years’ experience in the related field. The candidate must have wide experience in cryptographic hash functions, public-private key cryptography, and fundamental knowledge of crypto-assets and game theory. The requirement further listed that the candidate should understand the decentralizing governance models associated with blockchain technology.
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