The National Bank of Ukraine is looking for a blockchain expert to help with its digital currency project. The position is being advertised as the financial institution prepares to pilot e-hryvnia salary payments for government employees as early as this year.
NBU Places a Job Ad for a Blockchain Developer on Linkedin
The Ukrainian central bank is looking to hire a blockchain developer with the promise of career advancement and a private sector salary. Vladimir Nagornyuk, the bank’s IT director, recently posted a job posting on Linkedin describing the role’s responsibilities and the benefits candidates can expect.
The blockchain specialist will be involved in the “development, implementation, and refinement of infrastructure services, highly accessible distributed systems and services (Hyperledger),” according to the job posting. The new hire will be responsible for the design and development of microservices and integration solutions, as well as the creation of smart contracts, registers, and architectural solutions.
According to Nagornyuk’s post, the National Bank of Ukraine (NBU) provides “opportunities for professional development in a stable and transparent organization” as well as “market level remuneration” with performance-based bonuses. Benefits include a corporate pension plan and flexible working hours.
According to the monetary authority, its blockchain expert will have access to training courses as well as the “opportunity to be involved in the country’s development.” This suggests that the person in the position is likely to join the regulator’s project to develop its own central bank digital currency (CBDC).
For several years, the e-hryvnia project has been in the works. The law “On Payment Services,” which allows for its issuance, was passed by the Ukrainian parliament in June and signed by President Volodymyr Zelensky. The bill empowers the NBU to create a digital version of the sovereign fiat currency.
According to a survey of financial professionals conducted this year, the industry prefers a blockchain design for the digital hryvnia that would allow peer-to-peer transfers, fuel e-commerce, and be used to facilitate crypto transactions. The central bank stated that further research into the use of its CBDC in the virtual asset sector is warranted.
Meanwhile, Ukraine’s Ministry of Digital Transformation announced in August that it intends to pay its employees in electronic hryvnia once the coin is available for testing. A pilot project to do so may be launched by the end of the year, according to Arsen Makarchuk, head of the NBU Strategy and Development Department.