WOMEN IN BLOCKCHAIN AND GENDER EQUALITY

WOMEN IN BLOCKCHAIN AND GENDER EQUALITY

Women In Blockchain
June 27, 2022 by Diana Ambolis
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Despite leading the drive for change in many aspects of modern life, the tech industry has historically been one of the worst for gender equality. However, technology may eventually begin to dismantle some of the obstacles to entry, transforming the socio-economic landscape beyond recognition. It has the potential to put women and other underrepresented groups
Women Blockchain Technology blockchain technology and cryptocurrency

Despite leading the drive for change in many aspects of modern life, the tech industry has historically been one of the worst for gender equality. However, technology may eventually begin to dismantle some of the obstacles to entry, transforming the socio-economic landscape beyond recognition. It has the potential to put women and other underrepresented groups on the financial and technological map.

Blockchain and cryptocurrency have been at the center of the most recent technological boom. Women are quickly closing in and creating prominent names in this brand-new industry, which is still heavily dominated by men. Women who want to influence significantly may consider getting active in the blockchain field.

As the blockchain sector grows more mainstream, more women are becoming involved. According to a study, more women are interested in Bitcoin investments than males, defying the stereotype. In today’s tech-driven environment, women make up half of Binance’s workforce, and women make up the majority of crypto investors in India. Despite crypto’s male-dominated nature, some women are active and using their skills to help the sector grow.

The potential for blockchain to generate social impact is enormous. Blockchain is poised to become the next breakthrough technology in development and humanitarian relief, with applications ranging from financial services to supply chains, land, and identity databases. Some of the first blockchain use cases highlight how it can help women achieve economic empowerment by allowing them to access financial services, manage payments, and retain company and personal data.

Also, read – Women are Investing in Blockchain and Cryptocurrency

Women in blockchain have played a critical role in bolstering the technology’s worldwide reach. Women have contributed to the growth of the blockchain sector by supporting the industry’s ability to maintain constant development and high levels of success.

To ensure the general betterment of the blockchain landscape, women’s dominance in blockchain should grow quicker. Women have consistently been overlooked for new projects and promotions to management and board roles at large technology companies. On the other hand, women have been at the forefront of some of the most important blockchain projects, tech companies, and start-ups. Women have led several significant blockchain projects, and firms producing business blockchain products have encouraged women.

Women in the blockchain industry believe that gender diversity is good for humanity and good for business. The demand for tech expertise has remained high, but estimates reveal that only 20% of individuals in computer-related sectors are female. Strong leaders are emerging to sketch out and develop frameworks that are both easy to adopt and highly sustainable as the push to boost female presence in the blockchain field gains traction. Here are a few sectors in blockchain where women are actively driving innovation.