As the dynamics of the blockchain and crypto industries are still in their nascent stage, the identity and approach of the decision makers matter the most. The presence of women in the crypto industry has increased to 13 percent in May 2018, as against 6 percent in February, reported by the New York Times.
More Companies Accept Women Leaders
Female C-level executives in the industry are employed in companies like Coinbase. Quorum has Amber Baldet, Bancor has Galia Benartzi, and Lightning Labs has Elizabeth Stark. This employment becomes critical because a February report by New York Times suggested that only 4 to 6% of all users and innovators in this space are women. The number has doubled since then, but women still make only a small percentage of the industry.
Alexia Bonatsos commented on the state of the gender gap in the market, saying: “Women, consider crypto. Otherwise, the men are going to get all the wealth, again.”
Jalak Jobanputra, the founder of Future Perfect Ventures, finds low participation by women problematic. She says: “The early days are what decide the culture of an industry and who gets involved in making the decisions.”
Other women in the industry have similar views. Emily Arth, VP of Operations at Constellation Labs blames cultural factors for the same, mentioning that tech and science are considered ‘boy jobs.’ She added:
“According to UNESCO, less than 30% of researchers worldwide are women. Clearly, this is not because women are less capable in these fields, but because they are neither directed towards nor encouraged to enter these industries.”
Arth also noted that finance is also considered a man’s job from the very beginning and males usually control financial matters at home or otherwise. As blockchain and cryptocurrency industries bring science, tech, and finance together, the bias could become more evident.
But the Industry Is Still Positive
Several women working in the sector are more satisfied with working conditions here. Caroline Abenante, founder, and COO of NYIAX said:
“I have found this is an industry which is very open to women and new ideas.”
Joanna Pawluk, co-founder, and CEO of Orion Vault seconder her opinions. She stated:
“I don’t see the hostility towards women, rather the opposite in Crypto Valley as women are well respected and treated equally.”