The second-largest U.S. financial institution has begun hiring for blockchain positions.
The job openings, which appeared in latest months, are the primary indicator that Bank of America plans to do a lot else with the know-how other than 78 blockchain-related patents the financial institution has filed or gained thus far.
The Charlotte, N.C.-based financial institution has six positions open that point out blockchain: one for a treasury product supervisor, three for enterprise cost know-how senior architects and two for banking regulatory area architects. Every job description both requires expertise with blockchain tech or the flexibility to use it in a banking context.
A not too long ago closed advert on LinkedIn additionally suggests the financial institution has plans to make use of Ripple’s distributed ledger-based funds community in some kind. The put up for a treasury product supervisor signifies the function “leads the product administration workforce for the Ripple Challenge.”
The brand new rent could be liable for “driving product technique and progress, overseeing day by day product administration routines, and overseeing the event of new initiatives that end result in an progressive and highly-competitive product providing.”
Bank of America didn’t reply to requests for remark by press time.
The lender can also be a member of the Marco Polo commerce finance blockchain consortium, based by startups R3 and Commerce IX.
In March, the financial institution’s chief know-how officer, Cathy Bessant, informed CNBC that she’s bearish on the know-how and that the patents exist solely in order that the financial institution can pivot to blockchain rapidly if the necessity arises.
That pivot could also be coming sooner slightly than later. In an software filed in March 2018 and printed by the US Patent and Trademark Workplace (USPTO) this month, the financial institution requested a patent for a permissioned blockchain to document internet-of-things (IoT) node knowledge.
Every of the enterprise cost know-how senior architect positions requires expertise in “crypto-technologies,” a class beneath which Bank of America contains IoT and blockchain.
Bank of America picture through Shutterstock.