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The American bank JP Morgan is looking for a manager to take care of his blockchain developments, from conception to production.
While uncertainties remain about the role of Blockchain in business, JP Morgan is placing itself as a technology pioneer, and executives who can bridge the gap between business and blockchain will be in demand.
According to the bank's job announcement, the role will be based in London and the successful candidate will be part of the Blockchain Center of Excellence (BCOE) of JP Morgan.
He said that the BCOE coordinates all the activities related to the Blockchain and the accounting distributed to the bank of business and investment. "The BCOE represents our commitment to exploration and implementation of distributed ledger technology," said JP Morgan.
Roles like this could give the business sector a better understanding of where the blockchain fits.
JP Morgan used blockchain technology to build a cross-border payment network. Using a distributed ledger that can be accessed by the many banks involved, the organization aims to make it easier to perform compliance audits and corrections – processes that can delay payments.
A huge uproar was created as a result of experimentation with blockchain and other distributed accounting technologies, but technology now has a "chasm to cross" if the first pilots have to be applied to real-life challenges, according to Dean Demellweek, the digital innovation strategist at BNP Paribas, who spoke at a recent Blockchain Live event in London.
The announcement of JP Morgan states: "[The successful candidate] will connect the technical and business world, ensuring that we are building the right products for the right customers at the right time. You will work with senior corporate executives, external blockchain technology, and service providers and internal engineering teams to define, develop and deliver distributed accounting solutions to JP Morgan. "
The analyst firm Gartner recently stated: "Blockchain is developing rapidly, but important business problems and technology gaps remain before widespread use cases and methods for generating value emerge.
"CIOs are under pressure to guide decisions on" if "and" how "they should implement blockchain, but to fight on how to apply this technology to address new business challenges."
It is essential to bridge the gap between technology and business as there is a discrepancy between the adoption of perceived blockchain and effective adoption in enterprises.
For example, a survey by Deloitte in May revealed that 74% of global business executives who questioned said their company had a convincing business case for the use of blockchains and many they claimed they are carrying out the technology.
More than half (53%) of those using the blockchain said they implemented it for systems focused on the supply chain, 51% for projects of internet integration of things and over 40% for projects related to digital records.
However, according to a Gartner survey of the same period, only 1% of CIOs said they had started blockchain projects and only 8% were planning to do so in the short term or are currently experimenting with technology.
