Two former Credit Suisse traders go from writing banking algorithms to coding for the next generation of the internet.
Bankole Omodunbi and Justin Bojarski are Credit Suisse veterans in New York with eight and fifteen years, respectively behind them writing code and algorithms for banking applications. They are now embarking on a new adventure writing code for Verbwire, a new API platform for people not as proficient in coding for blockchain applications, according to a report on the «eFinancialcareers» website.
Omodunbi, for one, doesn't accept the idea that NFTs are now in perpetual decline, but rather that the technology is just finding its footing. «Anything where you have an enforced agreement of some sort is a potential case use for the blockchain» through the use of so-called smart contracts, says the former managing director of equities quant trading.
Ease of Use
In the past, one needed to use the «Solidity» programming language to implement smart contracts, and is a high-level language. For example, in order to deploy such a smart contract on the Ethereum network, you had to learn Solidity. With Verbwire, Solidity is behind the scenes, and developers can work in more widely used and familiar languages like Java and Python.
This solves the issue surrounding the scarcity of Solidarity developers Omodunbi says, but that «a ton» of Wall Streeters are familiar with Java and Python and therefore with Verbwire «makes it possible for them to write and deploy their own contracts on the blockchain.»
No Regrets
The current turmoil at Credit Suisse didn't figure in Omodunbi's decision to leave the bank, but developing blockchain technology appealed to him as an engineer and desire to solve problems. «In banking, I was building algorithms and writing code to generate pnl. Now, I'm writing code to facilitate the advancement of Web 3.0»
So «It wasn't a Credit Suisse thing.»
