Big banks in US are staffing up for blockchain

Search for “blockchain jobs” on job sites like Monster.com and Indeed and you’ll find more than 100 at some, posted by companies like IBM, Fidelity, BNY Mellon, JPMorgan, Bank of America, Capital One, American Express, Citigroup, Cognizant and Infosys.



There are many jobs listed at companies like Circle, a payments app that uses the bitcoin blockchain, and at Chain, which creates custom blockchains for clients like Visa, Citi and Nasdaq, but those are the companies that exist squarely in the digital currency or blockchain space.



To see blockchain job openings at big banks, payment processors, or financial firms is the surprise. It suggests that blockchain tech is creating new jobs—hundreds of them, not thousands.