It’s no secret that there are not that many women in the tech sector. Though numbers are rising, they will fall far behind men when it comes to jobs for women tech nerds.
It’s bad enough in the traditional tech sector, but in the blockchain arena it’s positively a disaster when it comes to women holding roles. From the programmers working the codes for the technology, to the management positions that bring the projects forward, there is a serious lack of female faces in the process.
What does this mean? It means that a lack of diversity is rampant and the entire field becomes an echo chamber. Where the blockchain is supposed to represent the cutting edge, it may actually signify that it is just more status quo that doesn’t bring as much innovation forward as we had previously imagined.
In this article, we will take a look at the reasons why there need to be more women involved in the blockchain that goes way beyond just women looking to sign up for a Bitcoin account.
Diversity equals success
In so many different businesses and industries, there are studies that show that when women occupy a higher percentage of managerial roles, the financial success of the company rises.
When a company is diverse in terms of race, gender and ethnicity, there are more perspectives brought to the table. And this encourages creative ideas being brought forth. These different opinions and ideas are more likely to be heard when there are more women in positions of power.
Women are less likely to dig in on a predetermined position and will seek to find the best route towards consensus. When this happens, there are more ideas validated and tried with a greater rate of success.
Applying this same data to the blockchain industry means that there is a lot of room for improvement on the innovation front. Innovation is far more likely to happen when there are more women at least on the managerial and even board level of these tech companies.
Women provide stability
The tech world, and particularly the blockchain industry, is very volatile with a rapidly changing landscape. Stability is in short supply which is badly needed, however.
Women are far less likely to make decisions that are risky. Now, this could be the reason that women are not seen as good fits in the tech sector since risky behavior is considered essential. After all, there is a lot of competition and the tech is almost always cutting edge. It doesn’t have much history behind it to judge it by past results.
However, this is not a bad thing as sometimes these companies go charging blindly into the unknown and end up crashing and burning. There is a lot of churn in the tech sector as many companies that show promise end up disappearing from the scene within a few short years.
A more prudent approach could work very well towards having a more successful strategy put into place that ensures the future of the company.
They can shape the technology
The blockchain by its very nature is disruptive. And what could be more disruptive than women joining in one what was a male dominated area. More women would certainly cause a lot of shifts in the landscape and would certainly mean more innovation happening as a result.
And in industries that are heavily women focused, they can offer a perspective from a development point of view on how to disrupt those as well. Industries like fashion, cosmetics and real estate could afford to be shaken up and women programmers would be uniquely positioned to do it while working on the blockchain.
As leaders in the blockchain industry they can also ensure that the needs of the industries that will be disrupted will be met, along with the needs of the company they work for.
There is a gender bias that pervades the blockchain and women will be able to break through that so the future looks more equitable for everybody involved. All male teams are far less likely to realize some of the implications that the technology could have on women and even the population at large since they are seeing things through a male oriented lens.
The opportunity is there for women to make a breakthrough in this field as it is still very early in the blockchain lifespan. And if they do then we could see some very dramatic changes occurring!
*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.