2020-12-28 17:57 |
BlackRock, the largest investment management firm globally with almost $8 trillion in assets under management (AUM), is on the lookout for blockchain talent.
The role, titled ‘Vice President, Blockchain Lead,’ appears to be the first venture BlackRock has made in the cryptocurrency space. But will this addition to its team help set a new standard in the investment industry?
On closer inspection of the advertisement, onlookers can gain a stronger feel for the type of position that BlackRock wants to fill. Accordingly, it’s looking for a candidate with experience in:
“articulating the technological foundations of blockchain technology, including cryptographic hash functions, distributed network consensus mechanisms, and public-private key cryptography; devising and articulating fundamental valuation methodologies for crypto-assets;”
It continues:
“evaluating game theory and decentralizing governance models associated with blockchain technology; and working with key drivers of blockchain networks’ design and their impact on the four key dimensions of blockchain performance including speed, scalability, privacy, and security.”
BlackRock: Another Global Player Looking to CryptoBlackRock will be researching, evaluating, and possibly investing in blockchain-based startups and projects. The announcement could indicate another step forward in the continuing adoption of blockchain technology.
BlackRock CIO Rick Rieder said in a November interview that Bitcoin could largely replace gold. Blockchain enthusiasts will likely welcome the search for blockchain talent.
2020 has been a milestone year for blockchain and the cryptocurrency space. Cryptocurrencies like Bitcoin and Ethereum are breaking all-time highs or realizing gains not seen in years.
This year has also witnessed some of the world’s largest companies, such as PayPal, MicroStrategy, and Square, taking to crypto.
As a payment processing platform, PayPal created a way for its users to buy and sell certain cryptocurrencies using the PayPal platform. MicroStrategy and Square, on the other hand, invested a significant portion of their reserve assets in bitcoin.
Square purchased $50 million worth of bitcoin, a small portion of its reserves, while MicroStrategy purchased over $1.3 billion worth. Like BlackRock, both MicroStrategy and Square see bitcoin as a long-term hedge against US dollar inflation.
The post World’s Largest Asset Manager Looking for a Blockchain Lead appeared first on BeInCrypto.
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