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BlackRock is Looking For a Blockchain Lead

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BlackRock, the largest investment management company in the world is looking for a Blockchain Lead that would work on the investments division located in New York. The firm is now searching for a candidate that would have 1 year of experience in articulating blockchain technology. 

BlackRock Looking for a Blockchain Lead

According to a recent job posting, BlackRock is looking for a Vice President, Blockchain Lead. The goal is to find a person that would create and implement strategies to drive demand for the firm’s offerings. 

The ideal candidate should have a Master degree in Economics, Business Administration or related fields. Moreover, they expect the expert to have at least 4 years of experience in the job offered. Users should have conducted financial due diligence on investment opportunities. 

Some of the things to take into consideration include valuation analysis on companies in different sectors, presentation skills, and analytical capabilities. In addition to it, the company is also searching for candidates that have knowledge in distributed network consensus mechanisms, public-private key cryptography and more. 

That means that the firm wants to have a candidate that knows which are the main differences between Proof-of-Work (PoW), Proof-of-Stake (PoS) and other consensus algorithms. This is definitely important to assess virtual currencies, investment opportunities, and weak and strong points. 

Although they do not openly mention they want to invest in cryptocurrencies, the firm could decide to do so in the future. Throughout 2020, a large number of large companies decided to invest in Bitcoin (BTC). Some of these firms include Mass Mutual, MicroStrategy and Square, among others. 

In 2020, Bitcoin has also moved higher. The virtual currency moved from $7,400 at the beginning of the year to over $28,000 a few days ago. Although the virtual currency could continue growing. 

BlackRock is the largest investment manager in the world. The firm has more than $8 trillion in assets under management. This is why the decisions that this company can make could have a deep impact in the cryptocurrency market. 

Nevertheless, they didn’t inform if they want to buy or sell cryptocurrencies. This is just speculation and might not happen. As we mentioned before, other large investment companies have already placed their bets on Bitcoin and the crypto market. In the future, other firms could start buying Bitcoin from a strategic viewpoint. The goal is to reduce the exposure to the U.S. dollar and be part of the crypto market. 

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