BlackRock has issued a job posting for a Vice President, blockchain lead. It has $7.8 trillion in assets under management. The role is for making investments in digital assets and blockchain firms. Considering the aspects of the job description, the applicants must be quite familiar with the blockchain’s internal working. Moreover, one of their primary duties includes the valuation of digital assets.
BlackRock is hunting for a business candidature instead of someone on the technical front. However, it desires an hire who can offer a methodology for valuing crypto-assets and converse about topics like hashing and consensus mechanisms. The applicant should understand decentralized governance models. One should analyze blockchain’s network design, particularly speed, scalability, privacy, and security.
Moreover, the candidate must possess at least one year of experience in blockchain business, including cryptographic hash functions, distributed network consensus mechanisms, and public-private key cryptography. Although the job post doesn’t designate any blockchain-related products under development at the firm, BlackRock is likely accelerating itself to meet increasing institutional demand for digital assets.
BlackRock appointed Robbie Mitchnick as Blockchain Lead in 2019
BlackRock hired Ripple executive Robbie Mitchnick to manage its digital assets area in April 2019. He also wrote a paper describing a methodology for assessing crypto-assets. In a podcast in September that year, Mitchnick was attributed to the firm’s ‘blockchain lead’ and described the same performance trade-offs relating to speed, scalability, privacy, and security.
The Vice President Blockchain Lead job advertisement emerges at a time of intensified institutional interest in the cryptocurrency area. Earlier, this month MassMutual declared it funded $100 million in bitcoin. Moreover, various banks revealed institutional cryptocurrency ventures. It involves Standard Chartered, BBVA Switzerland, Northern Trust, and Singapore’s DBS Bank.
The announcement symbolizes another step ahead in the ongoing adoption of blockchain technology. BlackRock CIO, Rick Rieder stated in a November interview that Bitcoin could mostly replace gold. Blockchain enthusiasts will possibly embrace the search for blockchain talent. This 2020 has been a milestone for blockchain and the cryptocurrency space. Leading crypto such as Bitcoin and Ethereum are smashing all-time highs thus achieving gains not witnessed previously.
Follow BitcoinWorld for the latest updates.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.