Blockchain sells. Here’s the proof.
Marc Andreessen’s famous quote “Software is eating the world” has more meaning now than ever. Wall Street titans trade their comfortable offices for blockchain startups, investors throw money at anything with blockchain in it and business schools are tailoring their curriculum to fit the needs of a highly digitalized job market.
Blockchain education is a myth, some people claim. You can’t really be knowledgeable in this new technology, others insist. Still, it seems that blockchain is on everyone’s lips nowadays but not for the reason you (might) think. According to CoinDesk, top business schools from the United States are trying to include blockchain in their curriculums to make sure both students’ and the job market’s needs are being met.
The news site specialized in Bitcoin and digital currencies cited David Yermack, finance department chair at New York University’s Stern School of Business as saying that as Wall Street jobs are changing, so do the skills students should have. Yermack told CoinDesk that Wall Street has traded finance MBAs for data scientists.
If you don’t believe it, you should know that Tom Jessop, former senior technology executive from Goldman Sachs Group Inc. now works at Chain Inc. According to Dow Jones Newswires, Jessop is not the first banker to trade the comfort of Wall Street for young FinTech startups, especially if the latter are focused on blockchain. Although there is “a lot of good work happening” on Wall Street, things do not evolve fast enough, Jessop said.
Blockchain: the term that opens doors
Speaking of blockchain-related jobs, UnitedHealth, the largest US-based health insurer is hiring a blockchain developer. According to the job posting, UnitedHealth is looking for someone who can develop and manage systems dependent on blockchain technologies and manage the software team.
Here, innovation isn’t about another gadget, it’s about making health care data available wherever and whenever people need it, safely and reliably. There’s no room for error. We are about to disrupt healthcare by applying Blockchain technologies.
Experience with blockchain and/or Hyperledger, as well as experience with digital currencies like Bitcoin are among the preferred qualifications.
Furthermore, Andy Stewart, managing partner at Motive Partners, said at the International Fintech conference in London in early April that “valuation goes up, 2, 3, 4, 5x” when blockchain or machine learning are involved, Business Insider reported.
It all makes sense now
After all, the weight of the global economy seems to be on blockchain’s shoulders so it’s no wonder that being knowledgeable in this technology is a must if you want to make a difference in finance and FinTech.
Julie Maupin, a senior fellow at the Centre for International Governance Innovation (CIGI), wrote in a report titled The G20 Countries Should Engage with Blockchain Technologies to Build an Inclusive, Transparent, and Accountable Digital Economy for All that “blockchain technologies hold the key to building an inclusive global digital economy that is auditably secure and transparently accountable to the world’s citizens.”
The paper is included in G20’s Policy Briefs, which offer recommendations for a collection of areas, including climate policy and finance, forced migration and digitalization.