Telecom Giant Verizon Looking to Enter The Blockchain Space

Telecom Giant Verizon Looking to Enter The Blockchain Space

Blockchain News
July 29, 2019 Editor's Desk
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Verizon, a U.S. telecom enterprise, is looking to join the blockchain space due to its requirement of ‘blockchain technology knowledge’ as website currently list 35 vacancies.  VERIZON JOINS THE FRAY The telecom giant, Verizon, islooking to hire blockchain-engineers to develop a blockchain-based product focusing on privacy, security and payments in particular. The company is purportedly looking
Verizon Blockchain

Verizon, a U.S. telecom enterprise, is looking to join the blockchain space due to its requirement of ‘blockchain technology knowledge’ as website currently list 35 vacancies. 

VERIZON JOINS THE FRAY

The telecom giant, Verizon, islooking to hire blockchain-engineers to develop a blockchain-based product focusing on privacy, security and payments in particular.

The company is purportedly looking to hire 5 blockchain engineers, along with a “blockchain technology development” lead, per Verizon’s website. They have currently listed 35 vacancies that require knowledge about the same.

The role is described as wanting to hire a person who “will be responsible for developing and delivering of initial prototypes and product proof-of-concepts which includes use case development, technical requirements, customer co-development testing and commercialization handoff.”

Another advertisementexplained that, “the focus of the individual will be on blockchain and other identity/security initiatives. (e.g. confidential computing, secure payments) in the emerging technology space.”

SEARCHING FOR A ‘BLOCKCHAIN’ NEEDLE IN A HAYSTACK

It is obvious to us that Verizon is intending to develop a “distributed network [with] various use cases”and this telecom enterprise is actually not the first one to want to put together a team which focuses on the blockchain innovation.

AT&T has started accepting Bitcoin for cable payments through BitPayearlier in 2019. Microsoft, Facebook, Google, and many otherfinancial institutionshad also had keen eyes on hiring a blockchain technology engineer since early 2018. Verizon may even face the problem of getting suitable candidates.

A senior engineer acquainted with the blockchain sector told The Block that Microsoft, Google and Facebook are “taking the cream of the crop”about hiring these blockchain engineers. The anonymous engineer said, “I have interviewed over 100 candidates in the last couple of years and it’s getting harder to find good calibre candidates in blockchain.”

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