9 Oct, 2019

Bank of Baroda Looks to Hire Blockchain Specialists

India-based Bank of Baroda is looking to hire blockchain specialists. The candidate must ideally have 3 years of experience in the technology and eight years of experience in technology.

The advertisement which ran online as well as newspapers stated that the position is based out of Vadodara. As per the application form, the desirable candidate profile would include, “Identify and evaluate compelling business cases for the blockchain technology, conduct analysis of various process flows within the bank, develop blockchain business strategy and proposals for the top management, highlight commercial viability, and conduct discussions with potential vendors / partners.”

The description also said that the candidate should be able to work with both management and the development teams as the role is chiefly reliant on “designing, delivering and operationalizing compelling Blockchain solutions using defined business metrics.”

In recent times, Bankchain, a blockchain alliance that has participation from banks from all over the country, has been in the works for a while now. State Bank of India (SBI) is one of the frontrunners of the consortium.  In the past, Sudin Baraokar, Head Innovation, SBI had told Crypto-News India, “The project (pertaining to Non-Performing Assets) will go live in the next 3-4 months. Although I cannot mention the names of the banks involved, it is basically a part of the Bankchain Alliance. The project is an extension of the blockchain-enabled project Bankchain.”

The job description of the candidate applying to the Bank of Baroda will also need to engage with the bankchain consortium on behalf of the organization, attend forum meetings, discussions, demos, hackathons; understand the requirement of developed solutions for the Bank; coordinate with Bankchain and implement the solutions at the bank.

Earlier in June, Bank of Baroda had announced that it was contemplating integrating blockchain, artificial intelligence and robotics to increase business.