When investing in real estate, stocks, bonds, and exchange-traded funds, there has traditionally been a gender-based divide between men and women. Women are often treated unfairly by society. The culture and lifestyle in many Middle Eastern countries make it more challenging. In comparison to males, women have far less financial freedom. According to a 2020 McKinsey research on “women at work” in the Middle East, there are still significant inequities, particularly regarding legal protection and financial inclusion. The research also showed that a good number of the region’s women are still unbanked.
Women run only a small minority of the top global crypto firms, and roughly 21% of cryptocurrency owners worldwide are female. Only 4 of the 200 crypto projects with the greatest market caps were started by women. According to a 2019 study, women comprise no more than 6% of all employees in the blockchain and cryptocurrency sectors.
Why is Gender Disparity in Crypto a Problem?
Gender disparity in the crypto industry can be a problem for several reasons. First, it can limit the diversity of perspectives and ideas within the industry, negatively impacting innovation and progress. Additionally, a lack of female representation in the industry can make it more difficult for women to enter and succeed in the field, perpetuating the disparity. Furthermore, it can also send a message that the industry is not inclusive or welcoming to women, discouraging them from participating. Overall, diversity in any field is critical to ensure that all voices and perspectives are heard and that the industry can thrive.
How to Get More Women in Crypto
There are several ways to increase the representation of women in the cryptocurrency and blockchain industry:
Education and Awareness
Offering educational resources and workshops targeting women can help increase their understanding of the technology and its potential applications.
Creating a welcoming environment for women in the industry can help to encourage their participation and leadership.
Role models and mentorship
Highlighting successful women in the industry and providing mentorship opportunities can inspire and guide more women to enter the field.
Ensuring recruitment processes are diverse and unbiased can help ensure women are given equal opportunities to enter the industry.
Industry bodies, government agencies, and non-profit organizations can support the development of programs and initiatives to encourage more women to enter the field. These can include funding research and providing scholarships.
Building a community of women in crypto and blockchain can create a supportive network for women in the industry and advocate for more diversity and inclusion in the field. Overall, it is essential to recognize that diversity and inclusion are not just a matter of fairness but also a key to the industry’s long-term success.
Even while we’re moving in the right direction, more women need to get involved in crypto. It is crucial to make efforts to promote gender equality within the crypto world as it continues to expand and change.