Women in the blockchain industry


Since the inception of blockchain technology in 2009, it has grown into a rapidly expanding industry. By presenting an alternative to traditional decentralized data retention, blockchain revolutionizes finance, governance, exchange and more. However, as in many other areas of science and technology, we see a lack of female presence and participation.
Although it is difficult to track an accurate amount of female participation in the field in view of the anonymity of many platforms, there are statistics that confirm the significantly lower representation of women. As recorded in January 2018, women were estimated to hold just 5% of the $ 550 billion market cap for the crypto industry. A study by Quartz showed that over the six years that examined hundreds of blockchain companies, only 8.5% of people on the founding team were women. Finally, according to Google Analytics data, as of June 2018, 91% of people in the Bitcoin community are registered as men. From experience, even in meetings and conferences, we can often see women as a minority – both in the audience and in the spotlight.
However, this is not always the case. In the UAE, women are leading the cryptospace. For example, Dr Aisha Binet Batti Ben Bashar is a Dubai smart project manager, who plans to implement blockchain technology in the public sector of Emirate by 2020, involving authorities such as police, water and electricity networks, and human development programs. UNESCO, graduates of STEM (science, technology, engineering and math) in Arab countries account for 34–57%, which is significantly higher than in the West. If women are encouraged to study in the technology field, they are more likely to feel at home in leadership and innovation. What we can learn from this is that the problem is not inherent in the blockchain space, but in a culture where women may feel discouraged from participating in certain sectors.
We must consider why it is so important to represent women in the blockchain technology space. The danger of women’s involvement will result in inherent bias in emerging innovations, perpetuating inequalities in the basic structures of development systems. To break it down – if women are not involved in technology development that will redefine the global financial system. , It will remain a product of men, designed on the basis of men. It can be as delicate as AI developed by men, causing basic biases, though it is designed to suit everyone. Male predominance predominantly in the industry dictates culture and opportunity, and builds a landscape that is exclusively implicit.
Therefore, everyone should recognize that the importance of both men and women’s input. If there is a board or staff working on a project, women’s engagement is essential to product balance. It does not mean hiring women just for that purpose regardless of skills, but rather putting more effort into enabling female voices and influence in the space we create for all of us. And for women, it doesn’t mean ‘wearing a suit’ and taking on the same roles as a man, but rather embracing femininity and all that entails. The different genders compliment each other, and we need to create a safer and more welcoming environment so that everyone can feel welcome in the first place.
The blockchain industry gives us a glimpse into the possibilities and developments of the future. This makes it more important to raise awareness and improve conditions for women in the field. We want to work towards a future with equal influence and opportunity between genders. If we can establish this in the blockchain industry, we can lead a steady path towards a balanced future. With the soul of change and disorder driving this technology we can take the step to recognize the need for equality and representation.
The “Women in the Blockchain” event (August 15 – Amsterdam, TQ), is about celebrating women in the field. It’s time to show our excellence and acknowledge the difficulties of equality. We are here to encourage each other, share our knowledge and experiences and ensure that women are included in this innovation movement.

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