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Mastercard has their hiring eye on blockchain specialists. The massive corporation seeks to further incorporate the technology into their company and needs skilled help to do it.

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Long gone are the days when “blockchain” was a term synonymous only with cryptocurrencies. Yes, it is the supporting technology for digital currencies. However, its benefits have far-reaching implications, and not just in the financial industry.

Sectors like healthcare and supply chain management can capitalize on this type of technology. Of course, its efficiency, security, and immutability do have a strong allure for the economic sector. According to Irish Tech News, Mastercard hopes to further incorporate these benefits into its corporation.

Mastercard Needs Blockchain Specialists

Ireland is the home of the company’s Mastercard Lab, a section aimed at developing revolutionary payment solutions. The corporation will be hiring 175 more staff members for their Dublin office to develop the best in payment innovations. They’ll be filling roles such as software engineers and information security specialists. Most notably, they will also be hiring blockchain experts.

The team is currently investigating how blockchain technology can be integrated into the company’s vision for the future. This future is not just focused on payments though. Mastercard also hopes to create solar power solutions for the millions of people who do not have access to electricity.

Good News for Everyone

The country’s Minister for Business, Enterprise, and Innovation, Heather Humphreys TD, shared her excitement at the news, saying:

Mastercard’s decision to expand here is an important landmark and I warmly welcome the new jobs that are coming with the announcement. The Government has been working hard to ensure that we have the right conditions in place to attract the knowledge-based sectors to Ireland, in particular a skilled workforce that can fill the needs of companies like Mastercard. Ireland is now a very attractive location for international FinTech and payment companies from all over the world and announcements like this one today illustrate that our policies are continuing to deliver tangible results.”

Ken Moore, who is the executive vice president and head of Mastercard Labs, chatted about how the capital city is the ideal space to encourage inspirational ideas and solutions, offering:

Ireland is the heart of our global innovation efforts – throughout Mastercard, Dublin is admired as a key technology hub – we’re looking to replicate the innovation culture we’ve fostered here in our offices around the world. The vibrant culture we have here makes it the perfect place to recruit for these highly-skilled roles. We need great minds who can look outside of Mastercard’s traditional payments expertise and create solutions to benefit our customers around the world, and I’m excited to grow our business here.

It was recently reported that Ireland and 21 other European Union (EU) countries have entered into a collaboration to drive blockchain development and adoption in the EU.

Do you think more centralized corporations will work on introducing decentralized blockchain technology into their businesses? Let us know in the comments below!

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Images courtesy of Bitcoinist archives, Adobe Stock, and Pixabay.

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Published at Sat, 14 Apr 2018 09:00:21 +0000

Blockchain Technology