JP Morgan is Biggest Banking Blockchain Employer in Past 12 Months

JP Morgan's role in the world of cryptocurrency has always been mired in controversy.

Jamie Dimon, the investment bank’s chief executive officer, has commented on bitcoin several times over the past couple of years, notably calling the cryptocurrency “a scam” in 2017 - something that has continued to bring a strange, joyful rage to the digital assets press ever since.

But despite what Dimon thinks, and it’s not really clear what he does think at this point, JP Morgan appears to be eagerly embracing Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology.

That’s according to a new report by Forbes columnist Michael del Castillo, who wrote on Friday that the American firm is the largest employer of blockchain experts in the financial services industry.

Over the past twelve months, JP Morgan listed more blockchain-related roles than any other banking company. The data was gathered by Indeed.com - one of the largest job hunting websites in the world.

Not only that, but the investment bank was also one of the top ten blockchain employers over the past twelve months. Other firms in that top ten included consultancies, such as Deloitte and Accenture, and technology firms IBM and Cisco.

Bitcoin falls, job searches decline

Interestingly, the decline in the number of people searching for blockchain roles corresponded with the decrease - in percentage terms - of the price of bitcoin. According to Indeed, blockchain job listings dropped by 67 percent from February of 2018 to February of this year.

During the same period of time, the price of bitcoin decreased by approximately 63 percent.

JP Morgan’s apparent outsized role in the blockchain world likely stems from its efforts at launching JPM Coin. The coin, which was announced last month, is going to be used by the banking giant to make Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term between clients.