Bank of America Developing a Blockchain for 'Real-Time' Card Settlement

Friday, 28/07/2017 | 08:00 GMT by Avi Mizrahi
  • Bank of American needs someone with experience developing on Blockchain, Ethereum and Hyperledger.
Bank of America Developing a Blockchain for 'Real-Time' Card Settlement
Bloomberg

If you 're a programmer and want to ensure the success of your career, you seemingly can't go wrong with focusing on Blockchain technology, as it promises to be at the base of all money-related systems in the future.

Bank of America (NYSE: BAC), the second largest bank in the United States by assets, revealed on Thursday that it is looking to develop a new system based on blockchain technology and it needs people with experience in the field to create it.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

According to the wanted ad, Bank of America has a job for someone with hands on experience developing blockchain / Distributed Ledger Technology / Ethereum - Frontier/Solidity or Hyperledger Fabric. The position is for a mid-range developer with strong Java skills, database skills, and a strong passion for application architecture development of a brand new Card Account and 'Real-Time' Settlement system on the new Payments as a Service (PaaS) Platform.

Bank of America has been eyeing blockchain technology for different uses for quite a while now. Bank in June 2014, it filed ten cryptocurrency related patent applications.

These patent titles are: Cryptocurrency Offline Vault Storage System; Cryptocurrency Transformation System; Cryptocurrency Risk Detection System; Cryptocurrency Transaction Validation System; Cryptocurrency Electronic Payment System; Cryptocurrency Suspicious User Alert System; Cryptocurrency Aggregation System; Cryptocurrency Online Vault Storage System; Cryptocurrency Transaction Payment System; and Cryptocurrency Real-Time Conversion System.

If you 're a programmer and want to ensure the success of your career, you seemingly can't go wrong with focusing on Blockchain technology, as it promises to be at the base of all money-related systems in the future.

Bank of America (NYSE: BAC), the second largest bank in the United States by assets, revealed on Thursday that it is looking to develop a new system based on blockchain technology and it needs people with experience in the field to create it.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

According to the wanted ad, Bank of America has a job for someone with hands on experience developing blockchain / Distributed Ledger Technology / Ethereum - Frontier/Solidity or Hyperledger Fabric. The position is for a mid-range developer with strong Java skills, database skills, and a strong passion for application architecture development of a brand new Card Account and 'Real-Time' Settlement system on the new Payments as a Service (PaaS) Platform.

Bank of America has been eyeing blockchain technology for different uses for quite a while now. Bank in June 2014, it filed ten cryptocurrency related patent applications.

These patent titles are: Cryptocurrency Offline Vault Storage System; Cryptocurrency Transformation System; Cryptocurrency Risk Detection System; Cryptocurrency Transaction Validation System; Cryptocurrency Electronic Payment System; Cryptocurrency Suspicious User Alert System; Cryptocurrency Aggregation System; Cryptocurrency Online Vault Storage System; Cryptocurrency Transaction Payment System; and Cryptocurrency Real-Time Conversion System.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2728 Articles
  • 10 Followers
About the Author: Avi Mizrahi
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.
  • 2728 Articles
  • 10 Followers

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