Bitcoin Forum

The need for blockchain specialists in the finance field is growing fast, says Yahoo Finance. Companies such as American Express, Fidelity, IBM, Infosys, BNY Mellon, JPMorgan, and Bank of America are hiring experts who understand the blockchain and can help integrate with legacy financial systems.

https://news.bitcoin.com/finance-firms-bitcoin-specialists/

The one who adopts the world changing tech in first line will always get compensated high just like in past how early android developers got paid or had got good job/money for being early adopters. And now may be bitcoin/blockchain expert will get same type of compensation/development.

Good career opportunity for blockchain coders/developers.

That's a good one.. :D What banks want is contradictory and incompatible with logic. Any true expert of the blockchain would have to tell them, that integrating "blockchain technology" with legacy financial systems is ridiculous and equivalent to harnessing horses to a car, refusing to start the motor. If they search for blockchain experts exhibiting their ignorance like this, they will hire experts in self-portrayal.

The simple truth for banks is that their main business has come to an end and with it all their power. They just can't realize it, because it will lead to severe depression. That's why they are desperately developing private blockchain altcoin trash code while consistently avoiding to even mention Bitcoin. It won't help them, they are just burning money.

ya.ya.yo!

What do we think is gonna be the first widespread use of 'blockchain'?

There's a bunch of proposals but I've yet to see one compelling reason to move into it yet.

THe irony is that any bitcoiner that is actually a specialist and knows how bitcoin works, knows that trying to integrate blockchain tech in legacy financial systems is a non sequitur and stupid as it gets. It's just pointless and the natural evolution is to run stuff under the bitcoin blockchain and not a private blockchain.

i don't completely agree with this.
while bitcoin is great and decentralized, you can't ignore the power of the technology it offered to the world. and since it is open source everybody wants to use it and creates their own alternative chain and benefit from the technology while keeping their old ways of centralization.

How would a believer of decentralized tech and anonymous transactions take part in a move that will greatly contradict the essence of cryptocurrency by integrating a centralized, monitored system? Simple, give them lots of compensation and benefits into which they cannot disagree with. Also, experts, not particularly bitcoiners who know only a couple of facts about bitcoins.

So now all the unsuccessful Alt coin developers are going to queue up to work for the companies that wants to create "smart" decentralized ledgers,

based on decentralized Blockchain technology. This will be in direct competition with Bitcoin, if the governments of the world starts to ban "public"

Blockchains. It's going to happen.. mark my words..  ::)

Well the governments do that for the banks' will. Though there would be a ban of some sort to such tech, I think that it would still flourish and would be much supported by people that are open-minded and know what's happening in reality. As for the devs, I wouldn't blame them. If an opportunity would appear right in front of me, I would gladly accept it just for the incentives, nothing more.

Integrating with legacy systems won't help.
What we need are data systems built from scratch.
Talent of blockchain experts will be wasted, if they are hired to do patchwork for banks.

Blockchain specialists are not Bitcoin specialists.
That's a big big difference.And I hardly doubt that any real, true Bitcoin developer would switch to a scammy bank for some crap fiat payments.
Mike Hearn doesn't count by the way as he has always been a shady character and therefore never been a real bitcoiner.He is just a greedy egomaniac and big peace of ****.

Your statement makes no sense.
A blockchain controlled by banks doesn't help the world population in any case. Or do you really think banks will reduce costs for clients significantly? No it will be used to reduce internal costs and maximize profits.And maybe to have more control over the customers.
Only true decentralized blockchains with free access and no central point of control will be a benefit for the world.
All the rest will just be used and build on corporate's behalf.

wan't the first and the most important to get rid of the old system of the bank and replace it with the blockchain so they can save money and time?

All stock and bond trades should be recorded on a blockchain.  I'm tired of waiting 3 business days for trades to settle.  That is archaic, like when stock prices were not decimalized.  Anyone remember 1/8ths and 1/16ths?  I know blockchain could solve these problems.   Am I wrong?

Bitcoin is here to disrupt the old legacy system there's no possible integration.
Their private blockchains will not work and actually they seem not to work.
They pumped so much money into the blockchain world and what do they have achieved?
Nothing.

The only app is Bitcoin

The unsuccessful Alt coin developers don't know how Bitcoin works, they can only cut and paste the code, then change the name of a coin. There's not many developers who understand the code well enough to write a coin of their own without cutting and pasting. The big finance firms will want cryptographers who can code, and there's not many people with those skills.