Black_background_logo_BitcoinWorld-removebg-preview
Blockchain News

Investment Firm BlackRock to appoint a Blockchain VP

Investment Firm BlackRock to appoint a Blockchain VP

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.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.