Bitcoin
$38,162.57 -0.21%
BTC · 195w

Mixed Messages Fly as JP Morgan Posts Job Ad for Blockchain Technician

Matthew Tompkins · September 18, 2017 · 12:45 pm

JP Morgan reveals they are looking for a “Technical Project Execution Manager – (Blockchain) Distributed Ledger Technology” despite a very recent vehement attack on Bitcoin, which originated the very blockchain technology the financial services giant seeks to adopt.

 

In a move that many are finding ironic, if not downright hypocritical, JP Morgan is on the hunt for an experienced blockchain technician. The job posting comes just days after CEO Jamie Dimon called Bitcoin “a fraud” – the same fraud whose core open source technology the company has appropriated.

The job listing on JP Morgan’s website reads:

The Blockchain Center of Excellence (BCOE) leads efforts for applications of distributed ledger technology (DLT) within J.P. Morgan. We are exploring Blockchain use cases and piloting solutions across business lines.  We are active in the Blockchain ecosystem: developing technology, investing in strategic partnerships, and participating in industry consortia. Bitcoin to the Rescue

It is no secret that big banks are heavily investing in blockchain technology, however, part of Bitcoin’s success is in how it has rewarded miners for building and maintaining a decentralized blockchain infrastructure which is essential to security, while also making the system accountable to everyone.

Bitcoin was born as a response to poor financial management after the largest banks, including JP Morgan, contributed to the 2008 world financial crash, leaving a pressing need for a better system. It is no coincidence that Bitcoin came to fruition in the same year when the world was looking for alternatives, Bitcoin was presented.

Ja...
Continue on bitcoinist.com
Recent news