MITRE Expands into the Web3; Seeks to Hire a Web3 Economist

Mitre Corporation, a non-profit organization sponsored by the US government has announced that its Cost & Business Analytics Department is looking to employ a Web3 Economist. The company stated on its Linkedin page that the new hire will oversee the economic development of Web3 within MITRE’s Web3 Technical Capability Area.

The department said it is seeking leaders who can help address national-level issues by conducting research and assessing the impact of emerging tech solutions. Additionally, Mitre said it wants to put a stronger emphasis on how economic repercussions affect the entire economy.

Individuals that have strong economics expertise and interest in digital asset and currency capabilities that can help shape Web3 were advised to apply for the position. The firm also published the required skills for the role which include; knowledge of quantitative economic concepts, handling and manipulating large data sets, and risk modeling.

The candidate is also expected to help in analyzing the Web3 ecosystem’s assets, services, and value chain, as well as current and suggested models, vulnerabilities, and hazards.

Furthermore, Mitre stated the position necessitates independent external interaction and communication with the greater Web3 community.

The Growing Web3 Ecosystem

The web3 ecosystem is characterized by decentralized systems that rely on peer-to-peer transactions and interactions, rather than on central intermediaries. This allows for increased security, transparency, and censorship resistance compared to web2.

In the web3 ecosystem, smart contracts enable the automation and enforcement of contracts without the use of middlemen. Decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and prediction markets are some examples of web3 applications.

Although Web3 is still in its early stages, a wide range of industries, from finance and real estate to art and gaming have welcomed the concept and therefore seeking employees to help in driving growth. Specifically, Warner Music Group announced its intentions to expand its team to include people who can develop projects around the Web3 ecosystem.

Similarly, Bank of America (BofA) has also announced that it is accepting applications for a position in its cryptocurrency division.