Banks and mainstream IT companies are recruiting blockchain talents to prepare for the blockchain revolution

The blockchain revolution is inevitable. Banks and mainstream IT companies have realized this and have begun to prepare for this new wave.

According to reports, major companies have stepped up their recruitment process for jobs related to blockchain technology. Online recruitment websites are flooded with talent requirements from most leading banks, finance, and technology companies. Surprisingly, most of the job requirements are for newly created job profiles, which are unprecedented.

As some of the largest banks and financial institutions invest heavily in blockchain technology, others are following suit. These new job profiles are designed to create in-house blockchain resources that will be helpful in the future.

Companies seeking to hire blockchain experts include the likes of Cognizant Technology & Services, Bank of New York Mellon, JPMorgan Chase, Fidelity, American Express and Citigroup. The recent trend signals future human resource requirements in the financial technology sector.

The implementation of blockchain technology in mainstream banking and finance will increase automation, making many jobs irrelevant, while also opening up new opportunities, particularly in the development, maintenance and operation of distributed ledger technology applications.

To prepare for this inevitable technology, tech giant IBM has announced the creation of Watson Financial Services, based on its Watson cognitive platform. According to the company, the new business unit will combine Watson, cloud and other blockchain-related products for the banking and financial industries.

IBM is already involved in several blockchain projects led by leading banks and cryptocurrency technology companies, such as the Hyperledger Project and the R3 blockchain consortium.

As blockchain technology catches up, other industries will see similar transformations. Manufacturing and government are expected to experience this transformation soon.