Author: Jagdish Kumar, India
Looking at immense scope of Blockchain technology benefiting the banking sector, India’s leading public sector bank, Bank of Baroda (BoB) will be recruiting Blockchain officers.
The Gujarat based bank has given advertisements in the newspapers as well as online, in which it is seeking Blockchain officer to identify and evaluate compelling business cases for the Blockchain technology.
The bank also wants the office to 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 advertisement read.
This is not the first public sector bank that will be using, India’s largest public bank, State Bank of India (SBI) has announced in February 2018 that it will be going to fully deploy Blockchain technology in its reconciliation, remittances and trade finance operations in FY19.
SBI believes that the move is expected to lower the costs associated with the three functions by about 40-50%.
BoB also want to officer to working with both management and development teams to focus on designing, delivering and operationalizing compelling Blockchain solutions using defined business metrics.
Apart from this, the selected officer will engage with the Bankchain consortium on behalf of Bank of Baroda; attend forum meetings, discussions, demos, and hackathons; understand the requirement of developed solutions for the Bank and coordinate with Bankchain and implement the solutions at the Bank.
BankChain is a platform for banks for implementing Blockchain software. It was announced on 8 February 2017 by SBI.
Any candidate with 8 years of experience in which minimum 3 years in the field of Blockchain under the age of 35 years with a Bachelor of Engineering or Bachelor of Technology degree can apply.
The selected candidate will be based anywhere in India which will also ensure compliance with the Bank’s processes and procedures as well as provide day to day direction to the project team and monitor project progress; as well as work with the offering and development teams to help define and implement the application solution, the advertisement added.
As on Forbes Global 2000 list of 2017 data, BoB ranked 1145 rank. It has total assets in excess of $100 billion (INR 3.58 trillion (making it India’s 2nd biggest bank by assets) and has a network of 5538 branches in India and abroad as of July, 2017.