The banking industry has seen a sharp increase in demand for blockchain-related positions and the development of internal blockchain resources

The participation of financial institutions such as Ping An in the blockchain alliance has become an important symbol of the rise of this technology in China; with it, there has been a fierce competition for talent in China, which has become part of the global competition for talent. Blockchain technology has been developed for a relatively short time, so there is a shortage of professional talents, which naturally makes it a hot target for competition. As the main research and development position of blockchain, the financial technology field has become the main battlefield of the competition for talent.

The blockchain revolution is already underway and is unavoidable. Banks and mainstream IT companies have realized this and are ready to embrace this new wave.

According to relevant reports, companies have already started recruiting for blockchain technology-related positions. Recruitment websites are full of job postings from major financial institutions, banks, and technology companies. And most of them are brand new positions and requirements that have never been heard of.

Large banks and financial institutions are investing heavily in blockchain technology development, attracting other institutions to follow suit. These new job requirements are aimed at developing internal blockchain resources and achieving effectiveness in the short term.

Companies that have joined the ranks of recruiting blockchain experts include Cognizant Technology Services, The Bank of New York Mellon Corporation, JP Morgan Chase, American Express, Citigroup, Fidelity, etc. This trend shows the shift in human resource demand in the Internet finance sector.

The implementation of blockchain technology in mainstream banking and finance could increase automation, thereby eliminating some jobs. At the same time, it could create new opportunities and favor talents who can develop, maintain and operate distributed ledger technology-related applications.

In response to this inevitable trend, technology giant IBM has established Watson Financial Services based on the Watson cognitive platform. The company said that this new division will integrate Watson, cloud technology, blockchain and other technologies for the banking and financial industries.

IBM is currently involved in multiple blockchain projects, working with several large banks and companies at the forefront of cryptocurrency technology. It is also a member of the Hyperledger project and the R3 blockchain alliance.

As blockchain technology continues to advance, other industries will also gradually transform. Similar changes are expected to occur in the manufacturing and government sectors soon.