The percentage of women compared to men in the Blockchain industry remains low nowadays. Let's find out possible reasons for it and why we need this situation to change.

According to Coin.dance statistics, 8.78% of Bitcoin users are women, making the business an exceptionally male-ruled one.

In Oct. 2017, an overview led by Reddit client loveYouEth found that 96 percent of Ether clients are men, and MyEtherWallet detailed than 84 percent of their wallet holders were male.

In 2017, financial specialists calculated rich people holding $85 billion in Bitcoin, and $5 billion, or 5.88% of this, was getting by women.

While usually learning the tech business has a shortage of women, cryptocurrency is by all accounts male-ruled ideal from its underlying foundations. Its earliest adopters basically included male PC gamers and cyberpunk network individuals.

Indeed, cryptographic forms of money picked up prevalence through sites, gatherings, and places like Reddit and 4chan which are likewise established essentially of male clients.

Reasons for gender imbalance

Blockchain and cryptocurrency professions include settling on hazardous choices in circumstances that can instigate pressure.

In a book Taking Smart Risks administration expert, Doug Sundheim noticed that women put more accentuation on the negative results of a hazard than men do. It is conceivable that the unstable idea of digital forms of money and contrasting dimensions of hazard is the reason for the gender difference existing in blockchain and cryptocurrency community.

Another reason could be something like "Brotherhood" between men. Former coders or gamers creating a union around some cryptocurrency, not letting women to get inside, maybe even encouraging men's only culture in the community, disrespectful to women.

One more reason was the initial usage of crypto for getting drugs, weapons and adult files which was condemned by the female community and prevented women from joining.

Encouraging women's contribution to the industry

Cryptocurrency like any other industry needs women to participate. Women are prudent and diligent. They prevent chaos, they could even stop men from the destruction of each other.

Gender imbalance in Blockchain could change as the blockchain and cryptocurrency businesses are hoping to stimulate employment in various fields. The Commodities Future Trading Commission's Primer on Virtual Currencies reports that blockchain advancements have utilized in budgetary establishments, government associations, and cross-industry applications, for example, computerized characters and shrewd contracts. Applying blockchain innovation to these fields could make various work openings.

With more blockchain related organizations starting a new business the interest for engineers, programmers, venture supervisors, client bolster, legal advisors, website specialists, and numerous different vocations could bring forth from organizations expecting to fill blockchain related jobs in their association.

I trust the industry overall can embrace a few practices to actualize better acknowledgment of women business visionaries in blockchain and cryptocurrency. Some of the possible steps include:

• Informative crusades that are focused on students, supporting an enthusiasm for digital forms of money and blockchain,

• Increased utilization of cryptographic forms of money and blockchain to make the markets (things, etc.) accessible for everyone,

• Providing education, getting knowledge online for free and at higher education institutions

The blockchain is open-source and developing. This proposes more women can make a place for themselves in the cryptocurrency and the blockchain.

Check out "Women In Cryptocurrency" infographics and let us know your thoughts:





Nancey Reddy