ATHENS – New York-based JP Morgan, whose CEO is Greek-American Jamie Dimon, will open a crypto lab involved in encryption and data security with people still interested in cryptocurrency despite the failure of the FTX crypto company.

It comes at a time, noted E-Financial Careers in its report, that the bank is laying off engineers at the same time it has promise for blockchain technology, an advanced database mechanism allowing transparent information sharing within a business network, storing data in blocks linked together.

Tryone Lobbam, head of JPMorgan’s DeFi platform Onyx, announced that JPMorgan is “opening an Innovation Lab in Athens, with initial focus on building blockchain-related capabilities in support of Onyx.”

https://www.efinancialcareers.com/news/2023/02/jpmorgan-crypto

Thatwas formed by the bank in 2020 for the exchange of wholesale payments transactions focused on digital solutions for the transfer and clearing of money, applied to a variety of systems including multi-bank and multi-currency ledgers.

The lab has four open engineering roles, including two full stack developers, one mobile app engineer and a launch technical manager, focusing on “distributed ledger technology, artificial intelligence and cryptography,” the report said.

The mobile app engineer will also work on “performant blockcain-based Digital Identity mobile apps and wallet prototypes.” Lobban said that “digital identity is key to unlocking scale for web3 and can enable entirely new interactions and services for web2 and web3 alike.”