As the blockchain continues to lead fresh frontiers in finance, diversity critical. It’s crucial that all demographics are represented as both the leaders of this change and the consumers of it.
However, the worlds of finance and tech are predominantly white and male—and fintech, the innovative collision of the two, is no different. This includes the blockchain, which is desperately devoid of diversity.
More specifically, the proportion of women in leadership positions at financial firms is just 21.9 percent and, by 2030, is only projected to reach 31 percent if it sustains its pace. Meanwhile, women make up just 28.8 percent of the tech workforce. As for fintech founders, females are few and far between, accounting for just a mere seven percent.
That’s why it comes as no surprise that the blockchain—a decentralized ledger system that records digital assets’ provenance—is painfully homogeneous. According to a global Quartz survey, of 378 venture-backed cryptocurrency startups that were founded between 2012 and 2018, only 8.5 percent had a female founder or co-founder.
Continue reading: https://www.forbes.com/sites/qai/2021/11/15/we-need-more-diversity-on-the-blockchain/?sh=a9ba65556dc5
However, the worlds of finance and tech are predominantly white and male—and fintech, the innovative collision of the two, is no different. This includes the blockchain, which is desperately devoid of diversity.
More specifically, the proportion of women in leadership positions at financial firms is just 21.9 percent and, by 2030, is only projected to reach 31 percent if it sustains its pace. Meanwhile, women make up just 28.8 percent of the tech workforce. As for fintech founders, females are few and far between, accounting for just a mere seven percent.
That’s why it comes as no surprise that the blockchain—a decentralized ledger system that records digital assets’ provenance—is painfully homogeneous. According to a global Quartz survey, of 378 venture-backed cryptocurrency startups that were founded between 2012 and 2018, only 8.5 percent had a female founder or co-founder.
Continue reading: https://www.forbes.com/sites/qai/2021/11/15/we-need-more-diversity-on-the-blockchain/?sh=a9ba65556dc5
