UBS Begins Its Bitcoin Experiment with Experimental Job Ad

By April 30, 2015Bitcoin Business
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UBS Begins Its Bitcoin Experiment with Experimental Job Ad

If there was Heineken whose job recruiter fainted deliberately to test the interviewees’ presence of mind, there is UBS whose tech head tried to narrow down the brightest minds with a basic level cryptic tweet.

UBS LogoUBS Logo

Earlier on Wednesday, UBS Tech Research Lead Alex Batlin posted an encrypted cipher ‘frnepu sbe n punyyratr ng HOF ba gur oybpxpunva’ that was later found to be a job advertisement for their much-hyped Bitcoin blockchain experiment. The decrypted version, as solved by a number of aspiring cryptographers, was found to be:

“Search for a challenge at UBS on the blockchain.”

The deciphered text therefore drove followers to the Bitcoin blockchain, a public ledger system that records and verifies the digital currency transactions. The publicly accessible record displayed yet another message, a concluding point which read: “SmartContractDev:alex.batlin@ubs.com”, clearing that the whole mind game was definitely an invitation for contenders to apply for Smart Contact developers’ posts at UBS. Benedict Cumberbatch might have applied it seems, pun.

UBS Looking for Software Developers

As WSJ further confirmed to the bank’s officials, they were indeed looking towards hiring software developers to work on their much-hyped experiment on Bitcoin technology, announced earlier this month. UBS therefore decided to open a separate laboratory in London to explore the use of this technology into the existing financial environment. And now, with its creative recruitment procedures, the Swiss Giant has indicated that it means business, pure business. The comments made by UBS Chief Information Officer Oliver Bussmann further signifies this:

“Fostering an open and collaborative environment between banks, start-ups and the investor community is essential to ensure we focus on promoting synergies between us, accelerate innovation opportunities and create real value for the industry.”

The UK government meanwhile also had announced to experiment with the Bitcoin technology, and agreed to give £10 million to support the research.

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