Visa Is Hiring An Ethereum Blockchain Engineer

For all those hardcore ethereum bugs who got stopped out at $13 during last week's 96% flash crash (and in some cases as low as $0.10) we have some good news: Visa wants to hire a BlockChain engineer who is "experienced with Ethereum and blockchain architecture to be a part of team tasked with building distributed application."

There is just one problem: while we are confident compensation will be generous, according to the qualification requirements, "total Industry experience must be 8+ years" which is about twice as long as Ethereum has been in existence, and roughly as long as the very concept of blockchain has existed: perhaps Visa is only seeking to hire Satoshi?

By they way, did we mention that Visa is now working on Blockchain technology, is building a "distributed application" and the successful candidate "will be working in VISA Global Commercial Payments area, team will be building a new payment rail leveraging Blockchain technology and distributed ledger."

As Visa goes increasingly more publich with with aggressive expansion into blockchain - recal last year the company Introduced "International B2B Payment Solution Built on Chain’s Blockchain Technology" with virtually nobody noticing, the recent gains in ETH - if only as the rest of the world rushes in over all the "blockchain" buzz-  which has resulted in a 40x return YTD, blowing away every single other asset class, will pale in comparison to what may be coming. Which reminds us of our February post "Ethereum To Soar After JPMorgan, Intel, Microsoft And Others Form Blockchain Alliance." It did: back then Ethereum was $13.

h/t reddit


oncemore Jun 25, 2017 1:06 PM Permalink

It seems to be about General Ledger and not about money, monets.
Visa could save lot of paper work, peop!e and tim e.
They should have done it 8 hears ago.

GRDguy Jun 24, 2017 6:33 PM Permalink

Hmmm, is Bitcoin going to end up the "Visicalc" of finance?  (Visicalc preceded Excel)Pioneers usually get the arrows in the back.  We'll see.

TwoHoot Jun 24, 2017 6:28 PM Permalink

Cryptocurrency and blockchain are two completely different things. They get mixed up in people's minds because Bitcoin used Blockchain for automatic distributed accounting.Visa probably wants to automate their accounting and lay off 30% of their employees when blockchain accounting makes them obsolete. Ethereum is just bait and diversion.

Mr T TwoHoot Jun 24, 2017 7:58 PM Permalink

I upvoted u for well in advance calling out an important distinction I know nothing about.Since I know nothing about this (and many other things)my upvoting you would seem to have no value however I am like many millions of others about to be enslaved by this new "technology" it behooves me to learn. TQ One does not have to know with specific detailhow a bar of .999 fine or better comes into being. It is important to have the option of knowing. I do not have to be Engineer to understand or I could research and find out relatively quickly.Fiat is much more difficult to know for who can know the hearts of men and women. What evil does there dwell?Crypto Currency sounds interesting very cryptic and if you hate this filthy government and its intrusive abusive ways you may be tempted even if you can't know.Good luck

In reply to by TwoHoot

Son of Captain Nemo Jun 24, 2017 5:52 PM Permalink

And if you still persist in believing that the folks at Fort Meade don't have a "back door" to the blockchain on Buttcoin you are smoking crack and will be in for a rude awakening when all those digital certificates get "liquidated"!...

"Wanna Cry" was simply the preliminary "we warned you" that we know which systems have it -Phase I...

mrtoad Jun 24, 2017 5:37 PM Permalink

"total Industry experience must be 8+ years"....  2 yrs in software development, 1 yr exp with linux, 2yrs in trade finance equitys etc, 3 yrs in blockchain tech, 2yrs in cloud architecture = 8+ years.

sirsmokum (not verified) Jun 24, 2017 5:28 PM Permalink

We can't manipulate BTC in any way.  Lets hire an expert to see how we can ETH.-VISA

Sudden Debt Jun 24, 2017 5:06 PM Permalink

Well, it's actually a problem to add good working payment options to webshopsbut what Visa seems to forget is that nobody buys these crypto's to actually buy stuff with them.I understand that visa wants it's % on those payments, but they're just not there. And there's already to many payment options for webshops already. The only once that are missing are the once that don't cost that much.And it would be stupid to buy stuff with these crypto's online as you would need to pay the first transaction fee to buy them and the second transaction fee on the webshop and then a third transaction fee to turn them back in regular money.No merchant with a brain would do that, it's cutting into the margins like a bitch already with just paypal and visa.

any_mouse Jun 24, 2017 5:01 PM Permalink

Tech ads have always often had requirements of experience since the beginning of a specific tech.

Not sure why. It could be some HR thing where a specific x number of years is categorized as Senior.

Other times it is because they are targeting the job for one specific individual who has that specific experience and only publicly posting the job because of the rules.

USAJobs posting are a lot like that. The requirements are basically that the applicant already be doing the job at the level below the level in the posting and is ready for promotion.

Humans. Make a rule. Make a way around the rule. Keep making rules. Definition of Insanity.

adr Jun 24, 2017 5:01 PM Permalink

I don't see where they say they will be using Etherium tokens. Who says there has to be a mined token for the blockchain to work? Having to buy a token to facilitate a transfer is idiotic. Especially a token that vacilates in value constantly and can only handle 7 transactions a second. Yes I know ether can do more. What banks are looking at is the blockchain ledger. Instead of a credit card number, the customer would get a crypto key tied to a blockchain. This would track of of their transactions. I can see banks wanting to run their own network instead of paying Mastercard or Visa to process transactions. The problem is why would any bank want to run on any one of the already existing cryptos and need to buy tokens. In the end Cryptocurrencies are a solution to a problem that never existed. The only point for their existence is to run endless scams for the creators of Cryptocurrencies 900-10000. The ICO is pure proof of that statement. Every post about cryptos is nothing but a shameless plug for pumping the value of a worhtless coin someone holds. 

asierguti Jun 24, 2017 4:59 PM Permalink

Total industry experience doesn't mean that the developer needs to have 8 years ethereum experience. It means that the candidate should have 8 years of experience in software engineering in finance. What the job post says is that Visa is working on their own blockchain technology, that's it. There is no information about what kind of blockchain, how it works, etc. Remember, blockchain is nothing more than a highly distributed database.

fbazzrea Jun 24, 2017 4:20 PM Permalink

when i think about the banksters commandeering blockchain tech to operate their financial monopolies i'm forced to give them credit for shifting energy-usage costs and server capacity capital requirements from them to us. 

montresor (not verified) Jun 24, 2017 4:17 PM Permalink

They'll play an H1-B for some Indian with 8 years of experience on 4 year old technology and complain that Americans lack the skills! Dipshits.

toknormal Jun 24, 2017 4:18 PM Permalink

Visa are trying to develop their own blockchain - like the banks did with R3. They are currently buying the Jamie Dimon cool-aid that "blockchain" not "Bitcoin" if where the value is.

Here's news for you: Blockchain is infinitely reproducible, open source, ten-a-penny tech. Bitcoin on the other hand is where the value is since no other blockchain is likely to ever have it's genesis block dated in January 2009 and the Bitcoin network currently commands more hashpower than all the world's banks could ever muster if they spent their last $1 of reserves on CPUs.

Apart from anything else, blockchains are useless for fiat counterparty transaction settlement. They're too expensive, slow and need a lot of hashpower. Visa are better off with an SQL server.

Technical Difficulty toknormal Jun 25, 2017 1:09 AM Permalink

Yes, they will have to build their own network. It will be interesting to see how they push this out the get broad adoption. The first step though is interco settlements / contracts.

I think R3 was looking to go public too quickly instead of getting to a working product (speculation) and lost some of their big supporters. There are other companies that are still engaged with these institutions working out the kinks.

In reply to by toknormal

seek Jun 24, 2017 4:14 PM Permalink

VISA has already made significant investments in cryptocurrencies over the past several years -- you can find them funding startups back in 2015, and starting their own services last year for the B2B segment. Not a shocker they'd expand beyond bitcoin.

HappyDeathMetal skbull44 Jun 24, 2017 11:01 PM Permalink

Too many people underestimate the consequences of the grid going down. They think they can grow lettuce in their backyards and trade with their neighbours, and only have to fight off a few people to defend their property. In reality, it would be worse than any movie I've seen. Human flesh would be the number one food. And your supply preps? Well make sure you can fight off huge gangs, good luck. The idea silver is better than bitcoin because you can trade without electricity is silly. 

In reply to by skbull44

FoggyWorld skbull44 Jun 24, 2017 4:52 PM Permalink

If the grid goes down the last thing you will need is gold.   Try food, water, medicines, toilet paper - all that grocery stuff that we take for granted will be gone after the shevles are looted clean.   Trucks and cars today are loaded with electronics and they will come to a permanent stop as will gasoline pumps.     People can't eat gold though silver if used the right way can be an antibiotic.   Doesn't take much though.If you are into stashing try booze and cigarettes.

In reply to by skbull44