One of the most powerful banks in the United States of America, JP Morgan Chase has come up with a Blockchain run riot by looking for hiring more than usual workers in comparison to any other financial firm in the industry. According to the reports released by the online hiring website Indeed.com, JP Morgan is the only financial firm among the top ten companies in the list to hire employees for Blockchain, Cryptocurrency, or Bitcoin job department, over the previous year.
First, the largest bank of the US introduced Quorum that used Eblockchain method for its clients to get benefits by capitalizing from a shared projection similar to the method used in bitcoin’s blockchain; the only difference was Ethereum blockchain method provided more secured and faster policy. But JP Morgan Chase was not yet contended with the service that is provided to its customers and hence, and unveiled a simplified version of Ethereum blockchain and named it JPM Coin in the early weeks of February 2019.
The companies that posted more jobs than JP Morgan on Indeed.com were –IBM, Cisco, EY, Deloitte, Accenture, Microsoft, the incubator of Ethereum ConsenSys, and lastly Conduent that got separated from Xerox in the early months of 2017 and established its own platform for bigger businesses. Topping the list of the most listed jobs among all these firms was Deloitte.
The economist of Indeed.com Andrew Flowers has been following the trends of hiring for almost a year now and deduced by giving a statement that there is a visible lack of banking and financial companies posting for hiring for job positions that deal with something that is invented to replace the money. But JP Morgan Chase has surely slashed that ongoing trend by posting more job posts than ever. He also added that the job posts available online are a lot more than the number of searches for the same.
Andrew further continued saying that from February 2018 to February this year they have noted that searching for jobs in the Blockchain has reduced drastically, to be very precise the search for jobs per a million jobs available online has been dropped down by 67 percent. Flowers said that this might be the outcome of the decrease in the value of cryptocurrencies or bitcoin. He also added that the number of job seekers has reduced because they surely might be keeping track of the collapsing price of bitcoins and the job seekers’ interests for blockchain are totally volatile.